Electrovaya (ELVA) Stock Price, News & Analysis

Company Overview

Electrovaya Inc. (NASDAQ: ELVA) designs, develops and manufactures advanced lithium-ion energy storage systems and related materials. Its core product offerings include advanced battery modules and systems based on lithium titanate oxide (LTO) chemistry, proprietary clay composite separators and high-performance cell technologies. The company serves markets spanning electric vehicle platforms, industrial material handling fleets, grid-scale energy storage, and backup power solutions.

Founded in 1996 by researchers at the University of Toronto, Electrovaya has built a history of innovation in the battery sector. Early adoption of LTO anode technology provided the groundwork for rapid-charge, long-life performance in demanding applications. Over the years, the company has expanded its R&D capabilities to include cell design, manufacturing process development and next-generation materials science, positioning itself at the forefront of safety and sustainability in energy storage.

Headquartered in Mississauga, Ontario, Electrovaya maintains operations and strategic partnerships across North America, Europe and Asia. Its modular energy solutions are integrated into electric buses, mining vehicles, airport ground support equipment, warehouse automation fleets and stationary storage installations. Collaborations with OEMs, utilities and engineering firms enable customized system integration and end-to-end service support.

Electrovaya’s management team brings decades of expertise in battery technology, industrial manufacturing and global supply chain operations. The company continues to invest in pilot manufacturing facilities and commercial-scale production lines, with a focus on meeting growing demand for clean-energy transportation and resilient power infrastructure.

Key Stats

• Today's Range: $3.74 to $3.89
• 50-Day Range: $2.71 to $3.91
• 52-Week Range: $1.67 to $4.07
• Volume: 40,108 shs
• Average Volume: 63,325 shs
• Market Capitalization: $152.02 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $6.10
• Consensus Rating: Buy

Electrovaya Stock Analysis - MarketRank™

Electrovaya scored higher than 58% of companies evaluated by MarketBeat, and ranked 334th out of 665 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.6 / 5
• Analyst Rating: Buy

Consensus Rating

Electrovaya has received a consensus rating of Buy. The company's average rating score is 3.20, and is based on 4 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Electrovaya has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 220.00%

Earnings Growth

Earnings for Electrovaya are expected to grow by 220.00% in the coming year, from $0.10 to $0.32 per share.

Price to Book Value per Share Ratio

Electrovaya has a P/B Ratio of 15.16. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.37% of the float of Electrovaya has been sold short.

Short Interest Ratio / Days to Cover

Electrovaya has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Electrovaya has recently increased by 25.99%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Electrovaya does not currently pay a dividend.

Dividend Growth

Electrovaya does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.37% of the float of Electrovaya has been sold short.

Short Interest Ratio / Days to Cover

Electrovaya has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Electrovaya has recently increased by 25.99%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: 0.54

News Sentiment

Electrovaya has a news sentiment score of 0.54. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.83 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Electrovaya this week, compared to 2 articles on an average week.

Search Interest

Only 1 people have searched for ELVA on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added Electrovaya to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Electrovaya insiders have not sold or bought any company stock.

Percentage Held by Institutions

Only 22.47% of the stock of Electrovaya is held by institutions.

ELVA Stock Analysis - Frequently Asked Questions

How have ELVA shares performed this year?

Electrovaya's stock was trading at $2.48 on January 1st, 2025. Since then, ELVA stock has increased by 52.8% and is now trading at $3.79.

How were Electrovaya's earnings last quarter?

Electrovaya Inc. (NASDAQ:ELVA) posted its earnings results on Wednesday, May, 14th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by $0.01. The company had revenue of $15.02 million for the quarter, compared to analysts' expectations of $15.95 million. Electrovaya had a negative trailing twelve-month return on equity of 0.21% and a negative net margin of 0.06%.
Read the conference call transcript.

How do I buy shares of Electrovaya?

Shares of ELVA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Electrovaya own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Electrovaya investors own include Medical Properties Trust (MPW), Oxford Square Capital (OXSQ), Abrdn Global Infrastructure Income Fund (ASGI), Aberdeen Total Dynamic Dividend Fund (AOD), Annaly Capital Management (NLY), Realty Income (O) and Oxford Lane Capital (OXLC).

Company Calendar

• Last Earnings: 5/14/2025
• Today: 7/18/2025
• Next Earnings (Estimated): 8/12/2025
• Fiscal Year End: 9/30/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: ELEC PRODS - MISC
• Sub-Industry: Electrical Equipment
• Current Symbol: NASDAQ:ELVA
• Previous Symbol: NASDAQ:ELVA
• CIK: 1844450
• Web: electrovaya.com
• Phone: 905-855-4610
• Fax: N/A
• Employees: 97
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Electrovaya: $6.10
• High Price Target: $10.00
• Low Price Target: $4.50
• Potential Upside/Downside: +60.9%
• Consensus Rating: Buy
• Rating Score (0-4): 3.20
• Research Coverage: 5 Analysts

Profitability

• EPS (Trailing Twelve Months): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -$1.49 million
• Net Margins: -0.06%
• Pretax Margin: -0.06%
• Return on Equity: -0.21%
• Return on Assets: -0.07%

Debt

• Debt-to-Equity Ratio: 0.69
• Current Ratio: 3.89
• Quick Ratio: 3.01

Sales & Book Value

• Annual Sales: $44.62 million
• Price / Sales: 3.41
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $0.25 per share
• Price / Book: 15.16

Miscellaneous

• Outstanding Shares: 40,110,000
• Free Float: N/A
• Market Cap: $152.02 million
• Optionable: Not Optionable
• Beta: 1.47