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Electrovaya (ELVA) Competitors

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$6.65 0.00 (0.00%)
As of 01:39 PM Eastern

ELVA vs. SHLS, EOSE, ADSE, NVX, and ENVX

Should you buy Electrovaya stock or one of its competitors? Electrovaya's main competitors and comparable companies include Shoals Technologies Group (SHLS), Eos Energy Enterprises (EOSE), ADS-TEC Energy (ADSE), NOVONIX (NVX), and Enovix (ENVX). Companies are selected based on similarities in market, industry, and size. These companies are all part of the "electrical components & equipment" industry.

How does Electrovaya compare to Shoals Technologies Group?

Electrovaya (NASDAQ:ELVA) and Shoals Technologies Group (NASDAQ:SHLS) are both small-cap industrials companies, but which is the better business? We will contrast the two businesses based on the strength of their valuation, media sentiment, analyst recommendations, dividends, profitability, risk, institutional ownership and earnings.

Electrovaya presently has a consensus target price of $17.50, suggesting a potential upside of 163.16%. Shoals Technologies Group has a consensus target price of $10.71, suggesting a potential upside of 55.05%. Given Electrovaya's stronger consensus rating and higher probable upside, equities analysts plainly believe Electrovaya is more favorable than Shoals Technologies Group.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Electrovaya
0 Sell rating(s)
2 Hold rating(s)
3 Buy rating(s)
1 Strong Buy rating(s)
2.83
Shoals Technologies Group
0 Sell rating(s)
6 Hold rating(s)
11 Buy rating(s)
0 Strong Buy rating(s)
2.65

In the previous week, Electrovaya and Electrovaya both had 4 articles in the media. Shoals Technologies Group's average media sentiment score of 0.91 beat Electrovaya's score of 0.64 indicating that Shoals Technologies Group is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Electrovaya
1 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Shoals Technologies Group
1 Very Positive mention(s)
1 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

22.5% of Electrovaya shares are owned by institutional investors. 0.8% of Shoals Technologies Group shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth.

Shoals Technologies Group has higher revenue and earnings than Electrovaya. Shoals Technologies Group 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 Ratio
Electrovaya$63.83M5.16$3.36M$0.1160.45
Shoals Technologies Group$475.33M2.45$33.57M$0.1936.37

Electrovaya has a net margin of 6.14% compared to Shoals Technologies Group's net margin of 5.41%. Shoals Technologies Group's return on equity of 10.07% beat Electrovaya's return on equity.

Company Net Margins Return on Equity Return on Assets
Electrovaya6.14% 7.96% 4.54%
Shoals Technologies Group 5.41%10.07%6.38%

Electrovaya has a beta of 1.69, indicating that its stock price is 69% more volatile than the broader market. Comparatively, Shoals Technologies Group has a beta of 1.93, indicating that its stock price is 93% more volatile than the broader market.

Summary

Shoals Technologies Group beats Electrovaya on 9 of the 16 factors compared between the two stocks.

How does Electrovaya compare to Eos Energy Enterprises?

Electrovaya (NASDAQ:ELVA) and Eos Energy Enterprises (NASDAQ:EOSE) are both small-cap industrials companies, but which is the better investment? We will contrast the two businesses based on the strength of their institutional ownership, media sentiment, risk, valuation, analyst recommendations, dividends, earnings and profitability.

22.5% of Electrovaya shares are held by institutional investors. Comparatively, 54.9% of Eos Energy Enterprises shares are held by institutional investors. 1.7% of Eos Energy Enterprises shares are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.

In the previous week, Eos Energy Enterprises had 6 more articles in the media than Electrovaya. MarketBeat recorded 10 mentions for Eos Energy Enterprises and 4 mentions for Electrovaya. Eos Energy Enterprises' average media sentiment score of 0.80 beat Electrovaya's score of 0.64 indicating that Eos Energy Enterprises is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Electrovaya
1 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Eos Energy Enterprises
2 Very Positive mention(s)
5 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Electrovaya has a beta of 1.69, indicating that its share price is 69% more volatile than the broader market. Comparatively, Eos Energy Enterprises has a beta of 2.75, indicating that its share price is 175% more volatile than the broader market.

Electrovaya currently has a consensus price target of $17.50, indicating a potential upside of 163.16%. Eos Energy Enterprises has a consensus price target of $8.06, indicating a potential upside of 150.95%. Given Electrovaya's stronger consensus rating and higher probable upside, equities research analysts clearly believe Electrovaya is more favorable than Eos Energy Enterprises.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Electrovaya
0 Sell rating(s)
2 Hold rating(s)
3 Buy rating(s)
1 Strong Buy rating(s)
2.83
Eos Energy Enterprises
1 Sell rating(s)
7 Hold rating(s)
2 Buy rating(s)
1 Strong Buy rating(s)
2.27

Electrovaya has a net margin of 6.14% compared to Eos Energy Enterprises' net margin of -246.76%. Electrovaya's return on equity of 7.96% beat Eos Energy Enterprises' return on equity.

Company Net Margins Return on Equity Return on Assets
Electrovaya6.14% 7.96% 4.54%
Eos Energy Enterprises -246.76%N/A -72.43%

Electrovaya has higher earnings, but lower revenue than Eos Energy Enterprises. Eos Energy Enterprises 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 Ratio
Electrovaya$63.83M5.16$3.36M$0.1160.45
Eos Energy Enterprises$114.20M10.24-$969.65M-$6.83N/A

Summary

Electrovaya beats Eos Energy Enterprises on 9 of the 16 factors compared between the two stocks.

How does Electrovaya compare to ADS-TEC Energy?

ADS-TEC Energy (NASDAQ:ADSE) and Electrovaya (NASDAQ:ELVA) are both small-cap industrials companies, but which is the better investment? We will compare the two businesses based on the strength of their dividends, profitability, valuation, risk, institutional ownership, earnings, analyst recommendations and media sentiment.

Electrovaya has a net margin of 6.14% compared to ADS-TEC Energy's net margin of 0.00%. Electrovaya's return on equity of 7.96% beat ADS-TEC Energy's return on equity.

Company Net Margins Return on Equity Return on Assets
ADS-TEC EnergyN/A N/A N/A
Electrovaya 6.14%7.96%4.54%

Electrovaya has higher revenue and earnings than ADS-TEC Energy.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
ADS-TEC Energy$31.56M26.57-$62.44MN/AN/A
Electrovaya$63.83M5.16$3.36M$0.1160.45

ADS-TEC Energy has a beta of 0.36, meaning that its share price is 64% less volatile than the broader market. Comparatively, Electrovaya has a beta of 1.69, meaning that its share price is 69% more volatile than the broader market.

Electrovaya has a consensus price target of $17.50, suggesting a potential upside of 163.16%. Given Electrovaya's stronger consensus rating and higher probable upside, analysts clearly believe Electrovaya is more favorable than ADS-TEC Energy.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
ADS-TEC Energy
1 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
1.00
Electrovaya
0 Sell rating(s)
2 Hold rating(s)
3 Buy rating(s)
1 Strong Buy rating(s)
2.83

51.7% of ADS-TEC Energy shares are held by institutional investors. Comparatively, 22.5% of Electrovaya shares are held by institutional investors. 36.1% of ADS-TEC Energy shares are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

In the previous week, Electrovaya had 3 more articles in the media than ADS-TEC Energy. MarketBeat recorded 4 mentions for Electrovaya and 1 mentions for ADS-TEC Energy. ADS-TEC Energy's average media sentiment score of 1.90 beat Electrovaya's score of 0.64 indicating that ADS-TEC Energy is being referred to more favorably in the media.

Company Overall Sentiment
ADS-TEC Energy Very Positive
Electrovaya Positive

Summary

Electrovaya beats ADS-TEC Energy on 11 of the 15 factors compared between the two stocks.

How does Electrovaya compare to NOVONIX?

Electrovaya (NASDAQ:ELVA) and NOVONIX (NASDAQ:NVX) are both small-cap industrials companies, but which is the superior investment? We will compare the two businesses based on the strength of their earnings, risk, media sentiment, institutional ownership, profitability, analyst recommendations, valuation and dividends.

Electrovaya currently has a consensus price target of $17.50, indicating a potential upside of 163.16%. Given Electrovaya's stronger consensus rating and higher probable upside, equities research analysts clearly believe Electrovaya is more favorable than NOVONIX.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Electrovaya
0 Sell rating(s)
2 Hold rating(s)
3 Buy rating(s)
1 Strong Buy rating(s)
2.83
NOVONIX
1 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
1.00

In the previous week, Electrovaya had 1 more articles in the media than NOVONIX. MarketBeat recorded 4 mentions for Electrovaya and 3 mentions for NOVONIX. NOVONIX's average media sentiment score of 0.85 beat Electrovaya's score of 0.64 indicating that NOVONIX is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Electrovaya
1 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
NOVONIX
0 Very Positive mention(s)
1 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

22.5% of Electrovaya shares are owned by institutional investors. Comparatively, 0.1% of NOVONIX shares are owned by institutional investors. 23.7% of NOVONIX shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.

Electrovaya has a beta of 1.69, indicating that its stock price is 69% more volatile than the broader market. Comparatively, NOVONIX has a beta of 2.56, indicating that its stock price is 156% more volatile than the broader market.

Electrovaya has higher revenue and earnings than NOVONIX.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Electrovaya$63.83M5.16$3.36M$0.1160.45
NOVONIX$5.62M13.62-$92.72MN/AN/A

Electrovaya has a net margin of 6.14% compared to NOVONIX's net margin of 0.00%. Electrovaya's return on equity of 7.96% beat NOVONIX's return on equity.

Company Net Margins Return on Equity Return on Assets
Electrovaya6.14% 7.96% 4.54%
NOVONIX N/A N/A N/A

Summary

Electrovaya beats NOVONIX on 11 of the 15 factors compared between the two stocks.

How does Electrovaya compare to Enovix?

Electrovaya (NASDAQ:ELVA) and Enovix (NASDAQ:ENVX) are both small-cap industrials companies, but which is the superior investment? We will contrast the two businesses based on the strength of their profitability, valuation, dividends, earnings, risk, media sentiment, analyst recommendations and institutional ownership.

Electrovaya has a beta of 1.69, suggesting that its stock price is 69% more volatile than the broader market. Comparatively, Enovix has a beta of 2.32, suggesting that its stock price is 132% more volatile than the broader market.

Electrovaya has a net margin of 6.14% compared to Enovix's net margin of -473.89%. Electrovaya's return on equity of 7.96% beat Enovix's return on equity.

Company Net Margins Return on Equity Return on Assets
Electrovaya6.14% 7.96% 4.54%
Enovix -473.89%-64.50%-19.31%

22.5% of Electrovaya shares are held by institutional investors. Comparatively, 50.9% of Enovix shares are held by institutional investors. 12.7% of Enovix shares are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.

Electrovaya presently has a consensus target price of $17.50, suggesting a potential upside of 163.16%. Enovix has a consensus target price of $11.77, suggesting a potential upside of 238.30%. Given Enovix's higher possible upside, analysts clearly believe Enovix is more favorable than Electrovaya.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Electrovaya
0 Sell rating(s)
2 Hold rating(s)
3 Buy rating(s)
1 Strong Buy rating(s)
2.83
Enovix
2 Sell rating(s)
3 Hold rating(s)
6 Buy rating(s)
1 Strong Buy rating(s)
2.50

Electrovaya has higher revenue and earnings than Enovix. Enovix 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 Ratio
Electrovaya$63.83M5.16$3.36M$0.1160.45
Enovix$35.88M21.28-$156.74M-$0.81N/A

In the previous week, Enovix had 3 more articles in the media than Electrovaya. MarketBeat recorded 7 mentions for Enovix and 4 mentions for Electrovaya. Enovix's average media sentiment score of 1.26 beat Electrovaya's score of 0.64 indicating that Enovix is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Electrovaya
1 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Enovix
4 Very Positive mention(s)
1 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Summary

Electrovaya and Enovix tied by winning 8 of the 16 factors compared between the two stocks.

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New MarketBeat Followers Over Time

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.
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Media Sentiment Over Time

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.
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ELVA vs. The Competition

MetricElectrovayaElectrical Equipment IndustryIndustrials SectorNASDAQ Exchange
Market Cap$329.24M$10.23B$10.50B$12.81B
Dividend YieldN/A2.33%97.24%11.27%
P/E Ratio60.4644.7326.2225.45
Price / Sales5.161,694.15369.74122.48
Price / Cash58.1329.8324.2136.03
Price / Book8.997.974.996.33
Net Income$3.36M$139.36M$610.96M$349.46M
7 Day Performance3.91%-1.31%-0.93%-0.29%
1 Month Performance-19.10%1.21%1.46%4.18%
1 Year Performance9.56%11.52%10.33%14.53%

Electrovaya Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
ELVA
Electrovaya
3.0736 of 5 stars
$6.65
flat
$17.50
+163.2%
+9.6%$329.24M$63.83M60.4697
SHLS
Shoals Technologies Group
4.723 of 5 stars
$7.14
-3.8%
$10.71
+50.1%
+9.7%$1.20B$475.33M37.581,480
EOSE
Eos Energy Enterprises
3.2809 of 5 stars
$3.26
-4.7%
$8.06
+147.1%
-52.8%$1.19B$114.20MN/A250
ADSE
ADS-TEC Energy
1.0929 of 5 stars
$11.24
-0.5%
N/A-12.9%$843.02M$31.56MN/A110
NVX
NOVONIX
0.6441 of 5 stars
$3.34
-7.6%
N/A-76.4%$831.92M$5.62MN/AN/A

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This page (NASDAQ:ELVA) was last updated on 8/31/2026 by MarketBeat.com Staff.
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