Electrovaya (ELVA) Competitors $6.39 +0.03 (+0.47%) Closing price 09/4/2025 04:00 PM EasternExtended Trading$6.46 +0.07 (+1.10%) As of 09/4/2025 07:51 PM Eastern Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more. Add Compare Share Share Competitors Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsHeadlinesOwnershipSEC FilingsShort InterestTrendsBuy This Stock ELVA vs. BLDP, NPWR, BYRN, SES, RONI, NRGV, EAF, NVX, FREY, and STEMShould you be buying Electrovaya stock or one of its competitors? The main competitors of Electrovaya include Ballard Power Systems (BLDP), NET Power (NPWR), Byrna Technologies (BYRN), SES AI (SES), Rice Acquisition Corp. II (RONI), Energy Vault (NRGV), GrafTech International (EAF), NOVONIX (NVX), FREYR Battery (FREY), and Stem (STEM). These companies are all part of the "electrical equipment" industry. Electrovaya vs. Its Competitors Ballard Power Systems NET Power Byrna Technologies SES AI Rice Acquisition Corp. II Energy Vault GrafTech International NOVONIX FREYR Battery Stem Electrovaya (NASDAQ:ELVA) and Ballard Power Systems (NASDAQ:BLDP) are both small-cap electrical equipment companies, but which is the superior business? We will contrast the two businesses based on the strength of their valuation, media sentiment, profitability, analyst recommendations, institutional ownership, earnings, dividends and risk. Do analysts rate ELVA or BLDP? Electrovaya currently has a consensus target price of $6.13, suggesting a potential downside of 4.15%. Ballard Power Systems has a consensus target price of $1.51, suggesting a potential downside of 18.18%. Given Electrovaya's stronger consensus rating and higher probable upside, research analysts plainly believe Electrovaya is more favorable than Ballard Power Systems.Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Electrovaya 1 Sell rating(s) 0 Hold rating(s) 3 Buy rating(s) 1 Strong Buy rating(s) 2.80Ballard Power Systems 4 Sell rating(s) 11 Hold rating(s) 0 Buy rating(s) 0 Strong Buy rating(s) 1.73 Do insiders & institutionals have more ownership in ELVA or BLDP? 22.5% of Electrovaya shares are held by institutional investors. Comparatively, 28.0% of Ballard Power Systems shares are held by institutional investors. 0.2% of Ballard Power Systems shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term. Which has preferable valuation and earnings, ELVA or BLDP? Electrovaya has higher earnings, but lower revenue than Ballard Power Systems. Ballard Power Systems is trading at a lower price-to-earnings ratio than Electrovaya, indicating that it is currently the more affordable of the two stocks. CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings RatioElectrovaya$44.62M5.74-$1.49M$0.03213.00Ballard Power Systems$69.73M7.97-$324.24M-$0.99-1.87 Does the media refer more to ELVA or BLDP? In the previous week, Electrovaya had 7 more articles in the media than Ballard Power Systems. MarketBeat recorded 13 mentions for Electrovaya and 6 mentions for Ballard Power Systems. Electrovaya's average media sentiment score of 0.78 beat Ballard Power Systems' score of 0.63 indicating that Electrovaya is being referred to more favorably in the media. Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment Electrovaya 4 Very Positive mention(s) 0 Positive mention(s) 3 Neutral mention(s) 0 Negative mention(s) 0 Very Negative mention(s) Positive Ballard Power Systems 2 Very Positive mention(s) 1 Positive mention(s) 3 Neutral mention(s) 0 Negative mention(s) 0 Very Negative mention(s) Positive Which has more volatility & risk, ELVA or BLDP? Electrovaya has a beta of 1.59, indicating that its share price is 59% more volatile than the S&P 500. Comparatively, Ballard Power Systems has a beta of 1.73, indicating that its share price is 73% more volatile than the S&P 500. Is ELVA or BLDP more profitable? Electrovaya has a net margin of 2.19% compared to Ballard Power Systems' net margin of -409.35%. Electrovaya's return on equity of 6.66% beat Ballard Power Systems' return on equity.Company Net Margins Return on Equity Return on Assets Electrovaya2.19% 6.66% 2.61% Ballard Power Systems -409.35%-21.52%-18.62% SummaryElectrovaya beats Ballard Power Systems on 12 of the 17 factors compared between the two stocks. Get Electrovaya News Delivered to You Automatically Sign up to receive the latest news and ratings for ELVA and its competitors with MarketBeat's FREE daily newsletter. Subscribe Now View SMS TermsBy entering your phone number and clicking the sign-up button, you agree to receive periodic text messages from MarketBeat at the phone number you submitted, including texts that may be sent using an automatic telephone dialing system. Message and data rates may apply. Message frequency will vary. Messages will consist of stock alerts, news stories, and partner advertisements/offers. Consent is not a condition of the purchase of any goods or services. Text HELP for help/customer support. Unsubscribe at any time by replying "STOP" to any text message that you receive from MarketBeat or by visiting our mailing preferences page. Read our full terms of service and privacy policy. New MarketBeat Followers Over TimeWhat are MarkeBeat Followers?This chart shows the number of new MarketBeat users adding ELVA and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period. Skip ChartMedia Sentiment Over TimeWhat is Media Sentiment?This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.Skip Chart ELVA vs. The Competition Export to ExcelMetricElectrovayaELEC PRODS IndustryComputer SectorNASDAQ ExchangeMarket Cap$255.08M$8.78B$30.33B$9.85BDividend YieldN/A1.75%3.16%4.51%P/E Ratio213.0720.52436.8426.43Price / Sales5.7453.511,618.03119.09Price / CashN/A16.9336.1158.92Price / Book25.568.297.006.06Net Income-$1.49M$283.75M$807.65M$266.28M7 Day Performance5.27%1.12%-0.82%-0.32%1 Month Performance33.40%3.58%2.46%3.44%1 Year Performance222.73%8.08%24,076.60%23.11% Electrovaya Competitors List Export to ExcelCompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)ELVAElectrovaya2.1685 of 5 stars$6.39+0.5%$6.13-4.1%+216.3%$255.08M$44.62M213.0797News CoverageAnalyst RevisionHigh Trading VolumeBLDPBallard Power Systems1.5906 of 5 stars$2.01flat$1.51-24.7%+8.2%$602.73M$69.73M-2.031,370NPWRNET Power3.2321 of 5 stars$2.53flat$4.00+58.1%-72.0%$554.64M$250K-1.0724News CoverageBYRNByrna Technologies2.7681 of 5 stars$21.03+4.1%$38.75+84.3%+27.5%$458.62M$85.76M33.92150News CoverageGap UpSESSES AI1.5869 of 5 stars$1.17+4.5%$1.50+28.2%+5.0%$409.61M$2.04M-3.77130News CoverageShort Interest ↑RONIRice Acquisition Corp. IIN/A$2.53+9.5%N/A-72.0%$305.51MN/A0.0024High Trading VolumeNRGVEnergy Vault1.1919 of 5 stars$1.61-2.1%$1.42-11.7%+122.8%$265.44M$46.20M-1.6570News CoveragePositive NewsOptions VolumeEAFGrafTech International2.4282 of 5 stars$1.00+3.0%$1.63+62.5%+42.1%$250.54M$538.78M-1.221,072Gap DownNVXNOVONIX0.2825 of 5 stars$1.41-1.4%N/A-19.5%$229.17M$5.85M0.00N/ANews CoverageShort Interest ↑FREYFREYR Battery2.2379 of 5 stars$1.59+7.4%$4.00+151.6%+59.1%$223.38MN/A-2.09210STEMStem0.4588 of 5 stars$16.48-1.5%$10.86-34.1%+43.1%$139.93M$144.58M-0.57660 Related Companies and Tools Related Companies Ballard Power Systems Competitors NET Power Competitors Byrna Technologies Competitors SES AI Competitors Rice Acquisition Corp. II Competitors Energy Vault Competitors GrafTech International Competitors NOVONIX Competitors FREYR Battery Competitors Stem Competitors Top 10 Stock Comparisons Semiconductor Stocks Artificial Intelligence Stocks Growth Stocks Magnificent Seven Stocks Pharmaceutical Stocks Ecommerce Stocks Bitcoin Stocks Meme Stocks Cryptocurrency Stocks Cybersecurity Stocks This page (NASDAQ:ELVA) was last updated on 9/5/2025 by MarketBeat.com Staff From Our Partners“Sell Nvidia before earnings”Eric Fry just went live with one of his most controversial calls yet: “Sell Nvidia.” While Wall Street has bee...InvestorPlace | SponsoredHow “Trump’s New Dollar” Could Impact Your WealthPresident Trump just signed a game-changing law… That could soon upgrade the U.S. dollar in your checking a...Brownstone Research | SponsoredForget Tesla — This Tiny AI Stock Is Musk’s Real PlayWhile Wall Street focused on Tesla’s earnings, Elon Musk was quietly building a supercomputer so powerful it c...Behind the Markets | SponsoredRetire Comfortably with These New Monthly Income ETFs?Too many retirees lie awake at night, worried their savings won’t last. 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