FY2026 EPS Estimates for Electrovaya Lowered by Roth Capital

Key Points

• Roth Capital has reduced its FY2026 earnings per share (EPS) estimate for Electrovaya from $0.40 to $0.35, while the current consensus estimate is $0.10 per share.
• The company's stock was downgraded from a "buy" to a "hold" rating by Wall Street Zen, despite a majority rating of "buy" from other analysts.
• Electrovaya's share price fell by 10.2% to $4.49, with a recent earnings report showing it posted a $0.02 EPS, missing the expected $0.04 EPS.

Electrovaya Inc. (NASDAQ:ELVA - Free Report) - Equities researchers at Roth Capital dropped their FY2026 earnings per share (EPS) estimates for shares of Electrovaya in a research report issued to clients and investors on Wednesday, August 13th. Roth Capital analyst C. Irwin now forecasts that the company will post earnings of $0.35 per share for the year, down from their previous forecast of $0.40. The consensus estimate for Electrovaya's current full-year earnings is $0.10 per share.

Electrovaya (NASDAQ:ELVA - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.02). The company had revenue of $17.13 million during the quarter, compared to analyst estimates of $17.25 million. Electrovaya had a net margin of 2.19% and a return on equity of 7.24%. Electrovaya has set its FY 2025 guidance at EPS.

ELVA has been the subject of several other reports. Wall Street Zen cut Electrovaya from a "buy" rating to a "hold" rating in a report on Monday, July 28th. Zacks Research cut Electrovaya from a "hold" rating to a "strong sell" rating in a report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Electrovaya presently has an average rating of "Moderate Buy" and a consensus price target of $6.13.

Electrovaya Price Performance

NASDAQ ELVA traded down $0.03 during midday trading on Thursday, hitting $4.78. The company had a trading volume of 83,394 shares, compared to its average volume of 96,830. The company has a market capitalization of $191.71 million, a PE ratio of 159.39 and a beta of 1.56. The company has a current ratio of 3.89, a quick ratio of 3.01 and a debt-to-equity ratio of 0.69. The firm has a 50-day moving average price of $3.99 and a 200-day moving average price of $3.10. Electrovaya has a twelve month low of $1.73 and a twelve month high of $5.24.

Institutional Investors Weigh In On Electrovaya

Hedge funds and other institutional investors have recently bought and sold shares of the company. XTX Topco Ltd bought a new stake in Electrovaya during the 4th quarter worth $27,000. Citadel Advisors LLC bought a new stake in Electrovaya during the 4th quarter worth $64,000. AMH Equity Ltd bought a new stake in Electrovaya during the 1st quarter worth $231,000. Manatuck Hill Partners LLC bought a new stake in Electrovaya during the 4th quarter worth $434,000. Finally, Alyeska Investment Group L.P. bought a new stake in Electrovaya during the 4th quarter worth $435,000. Institutional investors own 22.47% of the company's stock.

Electrovaya Company Profile

Electrovaya Inc engages in the design, development, manufacture, and sale of lithium-ion batteries, battery management systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications in North America. It offers lithium-ion batteries and systems for materials handling electric vehicles, including forklifts and automated guided vehicles, as well as battery chargers to charge the batteries; electromotive power products for electric trucks, electric buses, and other transportation applications; industrial products for energy storage; and power solutions, such as competencies in building systems for third parties.