FY2026 EPS Estimates for Electrovaya Lowered by Analyst

Key Points

• HC Wainwright lowered Electrovaya’s FY2026 EPS estimate to $0.05 from $0.09, while maintaining a Buy rating and $15 price target. The revised forecast is below the broader consensus estimate of $0.14.
• Electrovaya’s latest quarterly results fell short of expectations, with EPS of $0.01 versus the $0.03 consensus and revenue of $17.71 million versus estimates of $21.44 million.
• Analyst sentiment remains generally positive, with the stock carrying a Moderate Buy consensus rating and an average price target of $17.50; shares opened at $7.66 after recently trading up 4.5%.

Electrovaya Inc. (NASDAQ:ELVA - Free Report) - Analysts at HC Wainwright cut their FY2026 EPS estimates for shares of Electrovaya in a research report issued on Wednesday, August 12th. HC Wainwright analyst A. Dayal now expects that the company will post earnings of $0.05 per share for the year, down from their prior forecast of $0.09. HC Wainwright currently has a "Buy" rating and a $15.00 target price on the stock. The consensus estimate for Electrovaya's current full-year earnings is $0.14 per share. HC Wainwright also issued estimates for Electrovaya's Q4 2026 earnings at $0.00 EPS, FY2028 earnings at $0.34 EPS and FY2029 earnings at $0.67 EPS.

Electrovaya (NASDAQ:ELVA - Get Free Report) last released its quarterly earnings results on Monday, August 10th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.02). The business had revenue of $17.71 million during the quarter, compared to analysts' expectations of $21.44 million. Electrovaya had a net margin of 6.14% and a return on equity of 8.58%.

Several other brokerages also recently weighed in on ELVA. Weiss Ratings reiterated a "hold (c)" rating on shares of Electrovaya in a research note on Wednesday, June 24th. Oppenheimer dropped their price target on Electrovaya from $14.00 to $13.00 and set an "outperform" rating on the stock in a research report on Wednesday. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Electrovaya in a research note on Thursday, July 16th. Finally, Roth Capital reaffirmed a "buy" rating on shares of Electrovaya in a research report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $17.50.

Electrovaya Trading Up 4.5%

Shares of Electrovaya stock opened at $7.66 on Thursday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 5.93 and a current ratio of 7.66. The company has a market capitalization of $379.25 million, a P/E ratio of 69.64, a PEG ratio of 0.98 and a beta of 1.69. Electrovaya has a 1 year low of $4.10 and a 1 year high of $12.78. The company's fifty day moving average is $9.38 and its two-hundred day moving average is $9.23.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ELVA. Mink Brook Asset Management LLC lifted its holdings in Electrovaya by 4.4% in the second quarter. Mink Brook Asset Management LLC now owns 395,101 shares of the company's stock valued at $1,347,000 after acquiring an additional 16,713 shares during the period. Dimensional Fund Advisors LP acquired a new position in shares of Electrovaya during the 3rd quarter worth $74,000. First Trust Advisors LP acquired a new position in shares of Electrovaya during the 3rd quarter worth $468,000. Russell Investments Group Ltd. purchased a new position in shares of Electrovaya in the 3rd quarter valued at about $887,000. Finally, Virtu Financial LLC purchased a new position in shares of Electrovaya in the 3rd quarter valued at about $96,000. Hedge funds and other institutional investors own 22.47% of the company's stock.

About Electrovaya

Electrovaya is a Canada-based energy storage company that designs and manufactures advanced lithium-ion battery systems and components. The company's core business revolves around the development of proprietary electrode and cell technologies that deliver high energy density, rapid charge capability and enhanced safety features. Electrovaya's product portfolio encompasses large-format battery cells, modules, complete battery packs and integrated energy storage systems tailored to industrial, commercial and utility-scale applications.

In the industrial sector, Electrovaya supplies modular battery systems for material-handling equipment such as electric forklifts, automated guided vehicles and airport ground support vehicles.

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