Go Pro

Electrovaya (ELVA) Competitors

Electrovaya logo
$9.28 -0.43 (-4.43%)
Closing price 08/10/2026 04:00 PM Eastern
Extended Trading
$7.56 -1.72 (-18.48%)
As of 08:30 AM 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 Massive. Learn more.

ELVA vs. AMPX, AMSC, FCEL, SHLS, and EOSE

Should you buy Electrovaya stock or one of its competitors? Electrovaya's main competitors and comparable companies include Amprius Technologies (AMPX), American Superconductor (AMSC), FuelCell Energy (FCEL), Shoals Technologies Group (SHLS), and Eos Energy Enterprises (EOSE). 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 Amprius Technologies?

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

Electrovaya currently has a consensus price target of $17.75, suggesting a potential upside of 91.27%. Amprius Technologies has a consensus price target of $23.00, suggesting a potential upside of 94.75%. Given Amprius Technologies' higher probable upside, analysts plainly believe Amprius Technologies 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
Amprius Technologies
1 Sell rating(s)
1 Hold rating(s)
8 Buy rating(s)
1 Strong Buy rating(s)
2.82

22.5% of Electrovaya shares are held by institutional investors. Comparatively, 5.0% of Amprius Technologies shares are held by institutional investors. 5.1% of Amprius Technologies shares are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Electrovaya has higher earnings, but lower revenue than Amprius Technologies. Amprius Technologies 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$63.83M7.20$3.36M$0.1277.33
Amprius Technologies$73.01M22.91-$44.02M-$0.29N/A

In the previous week, Amprius Technologies had 41 more articles in the media than Electrovaya. MarketBeat recorded 47 mentions for Amprius Technologies and 6 mentions for Electrovaya. Amprius Technologies' average media sentiment score of 0.51 beat Electrovaya's score of -0.30 indicating that Amprius Technologies 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)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Amprius Technologies
10 Very Positive mention(s)
5 Positive mention(s)
14 Neutral mention(s)
4 Negative mention(s)
1 Very Negative mention(s)
Positive

Electrovaya has a beta of 1.69, meaning that its share price is 69% more volatile than the broader market. Comparatively, Amprius Technologies has a beta of 2.34, meaning that its share price is 134% more volatile than the broader market.

Electrovaya has a net margin of 7.03% compared to Amprius Technologies' net margin of -35.16%. Electrovaya's return on equity of 11.35% beat Amprius Technologies' return on equity.

Company Net Margins Return on Equity Return on Assets
Electrovaya7.03% 11.35% 6.19%
Amprius Technologies -35.16%-12.63%-9.41%

Summary

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

How does Electrovaya compare to American Superconductor?

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

American Superconductor has higher revenue and earnings than Electrovaya. American Superconductor 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$63.83M7.20$3.36M$0.1277.33
American Superconductor$299.15M5.02$133.81M$3.0310.23

In the previous week, American Superconductor had 12 more articles in the media than Electrovaya. MarketBeat recorded 18 mentions for American Superconductor and 6 mentions for Electrovaya. American Superconductor's average media sentiment score of 0.16 beat Electrovaya's score of -0.30 indicating that American Superconductor 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)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
American Superconductor
3 Very Positive mention(s)
3 Positive mention(s)
9 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

American Superconductor has a net margin of 42.56% compared to Electrovaya's net margin of 7.03%. American Superconductor's return on equity of 27.41% beat Electrovaya's return on equity.

Company Net Margins Return on Equity Return on Assets
Electrovaya7.03% 11.35% 6.19%
American Superconductor 42.56%27.41%20.63%

Electrovaya has a beta of 1.69, meaning that its stock price is 69% more volatile than the broader market. Comparatively, American Superconductor has a beta of 3.27, meaning that its stock price is 227% more volatile than the broader market.

Electrovaya presently has a consensus price target of $17.75, indicating a potential upside of 91.27%. American Superconductor has a consensus price target of $55.00, indicating a potential upside of 77.48%. Given Electrovaya's stronger consensus rating and higher probable upside, research analysts plainly believe Electrovaya is more favorable than American Superconductor.

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
American Superconductor
0 Sell rating(s)
2 Hold rating(s)
2 Buy rating(s)
1 Strong Buy rating(s)
2.80

22.5% of Electrovaya shares are owned by institutional investors. Comparatively, 52.3% of American Superconductor shares are owned by institutional investors. 3.6% of American Superconductor shares are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

Summary

American Superconductor beats Electrovaya on 11 of the 16 factors compared between the two stocks.

How does Electrovaya compare to FuelCell Energy?

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

Electrovaya has a net margin of 7.03% compared to FuelCell Energy's net margin of -132.41%. Electrovaya's return on equity of 11.35% beat FuelCell Energy's return on equity.

Company Net Margins Return on Equity Return on Assets
FuelCell Energy-132.41% -15.90% -11.33%
Electrovaya 7.03%11.35%6.19%

FuelCell Energy has a beta of 2.38, suggesting that its stock price is 138% more volatile than the broader market. Comparatively, Electrovaya has a beta of 1.69, suggesting that its stock price is 69% more volatile than the broader market.

42.8% of FuelCell Energy shares are owned by institutional investors. Comparatively, 22.5% of Electrovaya shares are owned by institutional investors. 5.5% of FuelCell Energy shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

Electrovaya has lower revenue, but higher earnings than FuelCell Energy. FuelCell Energy 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
FuelCell Energy$158.16M10.02-$187.90M-$6.57N/A
Electrovaya$63.83M7.20$3.36M$0.1277.33

In the previous week, FuelCell Energy had 2 more articles in the media than Electrovaya. MarketBeat recorded 8 mentions for FuelCell Energy and 6 mentions for Electrovaya. FuelCell Energy's average media sentiment score of 0.61 beat Electrovaya's score of -0.30 indicating that FuelCell Energy is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
FuelCell Energy
3 Very Positive mention(s)
3 Positive mention(s)
0 Neutral mention(s)
2 Negative mention(s)
0 Very Negative mention(s)
Positive
Electrovaya
1 Very Positive mention(s)
0 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

FuelCell Energy currently has a consensus target price of $22.83, suggesting a potential upside of 15.15%. Electrovaya has a consensus target price of $17.75, suggesting a potential upside of 91.27%. Given Electrovaya's stronger consensus rating and higher probable upside, analysts clearly believe Electrovaya is more favorable than FuelCell Energy.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
FuelCell Energy
2 Sell rating(s)
3 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
2.22
Electrovaya
0 Sell rating(s)
2 Hold rating(s)
3 Buy rating(s)
1 Strong Buy rating(s)
2.83

Summary

Electrovaya beats FuelCell Energy on 9 of the 17 factors compared between the two stocks.

How does Electrovaya compare to Shoals Technologies Group?

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

Electrovaya has a net margin of 7.03% compared to Shoals Technologies Group's net margin of 5.41%. Electrovaya's return on equity of 11.35% beat Shoals Technologies Group's return on equity.

Company Net Margins Return on Equity Return on Assets
Shoals Technologies Group5.41% 10.07% 6.38%
Electrovaya 7.03%11.35%6.19%

22.5% of Electrovaya shares are held by institutional investors. 0.8% of Shoals Technologies Group shares are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Shoals Technologies Group presently has a consensus target price of $10.71, suggesting a potential upside of 25.17%. Electrovaya has a consensus target price of $17.75, suggesting a potential upside of 91.27%. Given Electrovaya's stronger consensus rating and higher probable upside, analysts clearly believe Electrovaya is more favorable than Shoals Technologies Group.

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

In the previous week, Shoals Technologies Group had 11 more articles in the media than Electrovaya. MarketBeat recorded 17 mentions for Shoals Technologies Group and 6 mentions for Electrovaya. Shoals Technologies Group's average media sentiment score of 0.60 beat Electrovaya's score of -0.30 indicating that Shoals Technologies Group is being referred to more favorably in the media.

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

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
Shoals Technologies Group$475.33M3.02$33.57M$0.1945.05
Electrovaya$63.83M7.20$3.36M$0.1277.33

Shoals Technologies Group has a beta of 1.93, meaning that its share price is 93% more 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.

Summary

Shoals Technologies Group beats Electrovaya on 9 of the 17 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 business? We will contrast the two companies based on the strength of their risk, analyst recommendations, valuation, media sentiment, institutional ownership, earnings, profitability and dividends.

Electrovaya presently has a consensus price target of $17.75, suggesting a potential upside of 91.27%. Eos Energy Enterprises has a consensus price target of $8.39, suggesting a potential upside of 107.13%. Given Eos Energy Enterprises' higher probable upside, analysts plainly believe Eos Energy Enterprises 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
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 7.03% compared to Eos Energy Enterprises' net margin of -246.76%. Electrovaya's return on equity of 11.35% beat Eos Energy Enterprises' return on equity.

Company Net Margins Return on Equity Return on Assets
Electrovaya7.03% 11.35% 6.19%
Eos Energy Enterprises -246.76%N/A -72.43%

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 insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.

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$63.83M7.20$3.36M$0.1277.33
Eos Energy Enterprises$114.20M12.04-$969.65M-$6.83N/A

In the previous week, Eos Energy Enterprises had 17 more articles in the media than Electrovaya. MarketBeat recorded 23 mentions for Eos Energy Enterprises and 6 mentions for Electrovaya. Eos Energy Enterprises' average media sentiment score of 0.49 beat Electrovaya's score of -0.30 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)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Eos Energy Enterprises
8 Very Positive mention(s)
8 Positive mention(s)
4 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

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

Summary

Electrovaya and Eos Energy Enterprises tied by winning 8 of the 16 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
SMS is currently available in Australia, Belgium, Canada, France, Germany, Ireland, Italy, New Zealand, the Netherlands, Singapore, South Africa, Spain, Switzerland, the United Kingdom, and the United States. By 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 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.
Skip Chart

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.
Skip Chart

ELVA vs. The Competition

MetricElectrovayaElectrical Equipment IndustryIndustrials SectorNASDAQ Exchange
Market Cap$480.72M$10.99B$10.82B$12.98B
Dividend YieldN/A2.30%96.99%10.06%
P/E Ratio77.3450.0428.3024.72
Price / Sales7.201,636.78348.3095.49
Price / Cash84.8830.6124.7037.42
Price / Book12.545.644.906.42
Net Income$3.36M$134.38M$607.14M$347.03M
7 Day Performance0.98%0.64%0.63%0.71%
1 Month Performance7.66%-5.55%1.92%-0.87%
1 Year Performance94.14%25.18%14.44%21.94%

Electrovaya Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
ELVA
Electrovaya
3.7737 of 5 stars
$9.28
-4.4%
$17.75
+91.3%
+100.9%$480.72M$63.83M77.3497
AMPX
Amprius Technologies
2.9796 of 5 stars
$11.61
+3.7%
$22.50
+93.8%
+46.9%$1.64B$73.01MN/A50
AMSC
American Superconductor
3.9566 of 5 stars
$32.96
+0.2%
N/A-39.2%$1.60B$299.15M10.881,195
FCEL
FuelCell Energy
2.2488 of 5 stars
$19.79
-2.6%
$22.83
+15.4%
+364.4%$1.58B$158.16MN/A510
SHLS
Shoals Technologies Group
4.0204 of 5 stars
$8.74
+1.6%
$10.71
+22.7%
+81.4%$1.46B$475.33M46.041,480

Related Companies and Tools


This page (NASDAQ:ELVA) was last updated on 8/11/2026 by MarketBeat.com Staff.
From Our Partners