Roth Capital Has Bullish Outlook for Electrovaya Q3 Earnings

Key Points

• Roth Capital raised their Q3 2025 earnings per share (EPS) estimate for Electrovaya to $0.05, up from a previous forecast of $0.04.
• Electrovaya's recent quarterly earnings missed expectations, reporting $0.02 EPS against a consensus of $0.04, with revenues of $17.13 million.
• MarketBeat reports a consensus target price for Electrovaya at $6.13, with six analysts rating the stock, including one strong buy, three buys, and one hold.

Electrovaya Inc. (NASDAQ:ELVA - Free Report) - Stock analysts at Roth Capital upped their Q3 2025 earnings per share (EPS) estimates for Electrovaya in a note issued to investors on Wednesday, August 13th. Roth Capital analyst C. Irwin now forecasts that the company will post earnings per share of $0.05 for the quarter, up from their previous forecast of $0.04. The consensus estimate for Electrovaya's current full-year earnings is $0.10 per share. Roth Capital also issued estimates for Electrovaya's Q4 2025 earnings at $0.07 EPS, FY2025 earnings at $0.11 EPS and FY2027 earnings at $0.70 EPS.

Several other equities research analysts have also issued reports on the company. Wall Street Zen lowered 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 research report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $6.13.

Electrovaya Trading Down 0.8%

ELVA traded down $0.04 during trading on Friday, reaching $4.77. The company had a trading volume of 108,601 shares, compared to its average volume of 97,068. Electrovaya has a 12-month low of $1.73 and a 12-month high of $5.24. The company has a market cap of $191.31 million, a price-to-earnings ratio of 159.05 and a beta of 1.56. The company has a debt-to-equity ratio of 0.69, a quick ratio of 3.01 and a current ratio of 3.89. The firm's 50-day simple moving average is $3.99 and its 200 day simple moving average is $3.10.

Electrovaya (NASDAQ:ELVA - Get Free Report) last released 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). Electrovaya had a return on equity of 7.24% and a net margin of 2.19%.The business had revenue of $17.13 million during the quarter, compared to the consensus estimate of $17.25 million. Electrovaya has set its FY 2025 guidance at EPS.

Institutional Trading of Electrovaya

Institutional investors and hedge funds have recently modified their holdings of the business. Polar Asset Management Partners Inc. acquired a new stake in Electrovaya in the fourth quarter valued at approximately $5,372,000. Herald Investment Management Ltd lifted its position in shares of Electrovaya by 372.0% during the 4th quarter. Herald Investment Management Ltd now owns 1,180,000 shares of the company's stock valued at $2,856,000 after buying an additional 930,000 shares during the last quarter. Mink Brook Asset Management LLC bought a new stake in shares of Electrovaya during the 4th quarter valued at $867,000. WealthTrust Axiom LLC increased its stake in Electrovaya by 133.9% in the 1st quarter. WealthTrust Axiom LLC now owns 394,079 shares of the company's stock worth $910,000 after acquiring an additional 225,629 shares during the last quarter. Finally, Alyeska Investment Group L.P. bought a new position in shares of Electrovaya during the 4th quarter valued at about $435,000. 22.47% of the stock is currently owned by institutional investors.

About Electrovaya

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.