FY2026 EPS Estimates for Electrovaya Decreased by Analyst

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) - Analysts at Roth Capital decreased their FY2026 EPS estimates for Electrovaya in a research note issued on Wednesday, August 13th. Roth Capital analyst C. Irwin now anticipates that the company will post earnings per share of $0.35 for the year, down from their prior 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 posted its quarterly earnings results on Wednesday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.02). The business had revenue of $17.13 million during the quarter, compared to analyst estimates of $17.25 million. Electrovaya had a return on equity of 7.24% and a net margin of 2.19%.

Separately, Wall Street Zen lowered shares of Electrovaya from a "buy" rating to a "hold" rating in a research report on Monday, July 28th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Electrovaya presently has an average rating of "Buy" and an average target price of $6.13.

Electrovaya Stock Performance

Electrovaya stock traded up $0.09 on Thursday, reaching $4.72. 193,128 shares of the stock were exchanged, compared to its average volume of 273,045. The stock has a market cap of $189.32 million, a PE ratio of 157.39 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. Electrovaya has a twelve month low of $1.73 and a twelve month high of $5.24. The firm has a fifty day moving average price of $3.97 and a two-hundred day moving average price of $3.09.

Hedge Funds Weigh In On Electrovaya

Several large investors have recently bought and sold shares of the business. Citadel Advisors LLC bought a new position in Electrovaya in the fourth quarter valued at $64,000. Manatuck Hill Partners LLC bought a new position in Electrovaya during the fourth quarter worth $434,000. AMH Equity Ltd bought a new position in Electrovaya during the first quarter worth $231,000. Herald Investment Management Ltd boosted its stake in Electrovaya by 372.0% during the fourth quarter. Herald Investment Management Ltd now owns 1,180,000 shares of the company's stock worth $2,856,000 after acquiring an additional 930,000 shares in the last quarter. Finally, Polar Asset Management Partners Inc. bought a new position in Electrovaya during the fourth quarter worth $5,372,000. 22.47% of the stock is currently owned by institutional investors and hedge funds.

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.