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Electrovaya (ELVA) Competitors

Electrovaya logo
$5.75 -0.04 (-0.69%)
Closing price 10/9/2026 04:00 PM Eastern
Extended Trading
$5.86 +0.12 (+2.00%)
As of 10/9/2026 07:30 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 Massive. Learn more.
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ELVA vs. EOSE, LYTS, ADSE, BLDP, and NRGV

Should you buy Electrovaya stock or one of its competitors? Electrovaya's main competitors and comparable companies include Eos Energy Enterprises (EOSE), LSI Industries (LYTS), ADS-TEC Energy (ADSE), Ballard Power Systems (BLDP), and Energy Vault (NRGV). 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 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 compare the two companies based on the strength of their dividends, valuation, earnings, analyst recommendations, media sentiment, profitability, institutional ownership and risk.

Electrovaya currently has a consensus target price of $17.50, indicating a potential upside of 204.35%. Eos Energy Enterprises has a consensus target price of $8.19, indicating a potential upside of 224.90%. 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)
6 Hold rating(s)
2 Buy rating(s)
1 Strong Buy rating(s)
2.30

Electrovaya has a beta of 1.64, meaning that its share price is 64% more volatile than the broader market. Comparatively, Eos Energy Enterprises has a beta of 2.88, meaning that its share price is 188% more volatile than the broader market.

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%

In the previous week, Eos Energy Enterprises had 1 more articles in the media than Electrovaya. MarketBeat recorded 7 mentions for Eos Energy Enterprises and 6 mentions for Electrovaya. Eos Energy Enterprises' average media sentiment score of 0.83 beat Electrovaya's score of 0.48 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
2 Very Positive mention(s)
1 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Eos Energy Enterprises
0 Very Positive mention(s)
4 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

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, endowments and hedge funds believe a company 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$63.83M4.50$3.36M$0.1152.27
Eos Energy Enterprises$114.20M8.04-$969.65M-$6.83N/A

Summary

Electrovaya and Eos Energy Enterprises tied by winning 8 of the 16 factors compared between the two stocks.

How does Electrovaya compare to LSI Industries?

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

73.9% of LSI Industries shares are held by institutional investors. Comparatively, 22.5% of Electrovaya shares are held by institutional investors. 7.3% of LSI Industries shares are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.

LSI Industries has a beta of 0.48, meaning that its stock price is 52% less volatile than the broader market. Comparatively, Electrovaya has a beta of 1.64, meaning that its stock price is 64% more volatile than the broader market.

Electrovaya has a net margin of 6.14% compared to LSI Industries' net margin of 3.28%. Electrovaya's return on equity of 7.96% beat LSI Industries' return on equity.

Company Net Margins Return on Equity Return on Assets
LSI Industries3.28% 7.51% 3.71%
Electrovaya 6.14%7.96%4.54%

LSI Industries presently has a consensus price target of $29.00, suggesting a potential upside of 40.44%. Electrovaya has a consensus price target of $17.50, suggesting a potential upside of 204.35%. Given Electrovaya's stronger consensus rating and higher probable upside, analysts plainly believe Electrovaya is more favorable than LSI Industries.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
LSI Industries
0 Sell rating(s)
2 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.60
Electrovaya
0 Sell rating(s)
2 Hold rating(s)
3 Buy rating(s)
1 Strong Buy rating(s)
2.83

In the previous week, Electrovaya had 2 more articles in the media than LSI Industries. MarketBeat recorded 6 mentions for Electrovaya and 4 mentions for LSI Industries. LSI Industries' average media sentiment score of 0.62 beat Electrovaya's score of 0.48 indicating that LSI Industries is being referred to more favorably in the media.

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

LSI Industries has higher revenue and earnings than Electrovaya. LSI Industries 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
LSI Industries$689.40M1.12$22.58M$0.6730.82
Electrovaya$63.83M4.50$3.36M$0.1152.27

Summary

Electrovaya beats LSI Industries on 10 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 contrast the two businesses based on the strength of their dividends, profitability, media sentiment, earnings, institutional ownership, risk, analyst recommendations and valuation.

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, large money managers and endowments believe a company will outperform the market over the long term.

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
ADS-TEC Energy$24.30M29.82-$62.44MN/AN/A
Electrovaya$63.83M4.50$3.36M$0.1152.27

ADS-TEC Energy has a beta of 0.36, meaning that its stock price is 64% less volatile than the broader market. Comparatively, Electrovaya has a beta of 1.64, meaning that its stock price is 64% more volatile than the broader market.

Electrovaya has a consensus target price of $17.50, suggesting a potential upside of 204.35%. Given Electrovaya's stronger consensus rating and higher possible 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

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%

In the previous week, Electrovaya had 3 more articles in the media than ADS-TEC Energy. MarketBeat recorded 6 mentions for Electrovaya and 3 mentions for ADS-TEC Energy. ADS-TEC Energy's average media sentiment score of 0.65 beat Electrovaya's score of 0.48 indicating that ADS-TEC Energy is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
ADS-TEC Energy
1 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Electrovaya
2 Very Positive mention(s)
1 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Summary

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

How does Electrovaya compare to Ballard Power Systems?

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

Electrovaya has lower revenue, but higher earnings 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 Ratio
Ballard Power Systems$106.16M6.32-$90.91M-$0.26N/A
Electrovaya$63.83M4.50$3.36M$0.1152.27

28.0% of Ballard Power Systems shares are held by institutional investors. Comparatively, 22.5% of Electrovaya shares are held by institutional investors. 0.2% of Ballard Power Systems shares are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.

Electrovaya has a net margin of 6.14% compared to Ballard Power Systems' net margin of -72.78%. Electrovaya's return on equity of 7.96% beat Ballard Power Systems' return on equity.

Company Net Margins Return on Equity Return on Assets
Ballard Power Systems-72.78% -13.23% -11.44%
Electrovaya 6.14%7.96%4.54%

Ballard Power Systems has a beta of 2.26, suggesting that its stock price is 126% more volatile than the broader market. Comparatively, Electrovaya has a beta of 1.64, suggesting that its stock price is 64% more volatile than the broader market.

In the previous week, Electrovaya had 1 more articles in the media than Ballard Power Systems. MarketBeat recorded 6 mentions for Electrovaya and 5 mentions for Ballard Power Systems. Electrovaya's average media sentiment score of 0.48 beat Ballard Power Systems' score of 0.31 indicating that Electrovaya is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Ballard Power Systems
2 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
1 Very Negative mention(s)
Neutral
Electrovaya
2 Very Positive mention(s)
1 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Ballard Power Systems currently has a consensus price target of $3.39, indicating a potential upside of 77.36%. Electrovaya has a consensus price target of $17.50, indicating a potential upside of 204.35%. Given Electrovaya's stronger consensus rating and higher probable upside, analysts plainly believe Electrovaya is more favorable than Ballard Power Systems.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Ballard Power Systems
3 Sell rating(s)
10 Hold rating(s)
2 Buy rating(s)
0 Strong Buy rating(s)
1.93
Electrovaya
0 Sell rating(s)
2 Hold rating(s)
3 Buy rating(s)
1 Strong Buy rating(s)
2.83

Summary

Electrovaya beats Ballard Power Systems on 12 of the 17 factors compared between the two stocks.

How does Electrovaya compare to Energy Vault?

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

Energy Vault has a beta of 1.25, meaning that its share price is 25% more volatile than the broader market. Comparatively, Electrovaya has a beta of 1.64, meaning that its share price is 64% more volatile than the broader market.

Electrovaya has lower revenue, but higher earnings than Energy Vault. Energy Vault 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
Energy Vault$203.67M2.90-$103.61M-$0.66N/A
Electrovaya$63.83M4.50$3.36M$0.1152.27

40.0% of Energy Vault shares are held by institutional investors. Comparatively, 22.5% of Electrovaya shares are held by institutional investors. 17.2% of Energy Vault shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.

Energy Vault currently has a consensus target price of $6.01, suggesting a potential upside of 85.08%. Electrovaya has a consensus target price of $17.50, suggesting a potential upside of 204.35%. Given Electrovaya's stronger consensus rating and higher probable upside, analysts plainly believe Electrovaya is more favorable than Energy Vault.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Energy Vault
2 Sell rating(s)
1 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
2.29
Electrovaya
0 Sell rating(s)
2 Hold rating(s)
3 Buy rating(s)
1 Strong Buy rating(s)
2.83

Electrovaya has a net margin of 6.14% compared to Energy Vault's net margin of -48.58%. Electrovaya's return on equity of 7.96% beat Energy Vault's return on equity.

Company Net Margins Return on Equity Return on Assets
Energy Vault-48.58% -236.83% -34.74%
Electrovaya 6.14%7.96%4.54%

In the previous week, Electrovaya had 3 more articles in the media than Energy Vault. MarketBeat recorded 6 mentions for Electrovaya and 3 mentions for Energy Vault. Energy Vault's average media sentiment score of 1.09 beat Electrovaya's score of 0.48 indicating that Energy Vault is being referred to more favorably in the media.

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

Summary

Electrovaya beats Energy Vault on 12 of the 17 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

Export
MetricElectrovayaElectrical Equipment IndustryIndustrials SectorNASDAQ Exchange
Market Cap$289.49M$10.64B$10.13B$13.21B
Dividend YieldN/A2.35%96.65%16.37%
P/E Ratio52.2849.0726.7526.16
Price / Sales4.501,559.06274.34107.53
Price / Cash50.6233.2323.8553.09
Price / Book7.776.834.776.33
Net Income$3.36M$141.74M$616.42M$382.15M
7 Day Performance-13.27%-5.31%-1.15%-1.40%
1 Month Performance-12.75%-6.31%-2.23%-3.47%
1 Year Performance-13.40%-5.37%3.14%1.18%

Electrovaya Competitors List

Export
CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
ELVA
Electrovaya
4.3164 of 5 stars		$5.75
-0.7%		$17.50
+204.3%		-12.1%$289.49M$63.83M52.28123
EOSE
Eos Energy Enterprises
2.8832 of 5 stars		$2.55
-8.1%		$8.19
+221.7%		-82.8%$930.45M$214.25MN/A787
LYTS
LSI Industries
4.3144 of 5 stars		$20.78
+1.7%		$29.00
+39.6%		-5.8%$772.77M$689.40M30.963,175
ADSE
ADS-TEC Energy
1.0951 of 5 stars		$9.48
+0.6%		N/A-13.6%$697.13M$35.70MN/A302
BLDP
Ballard Power Systems
2.9835 of 5 stars		$1.93
-0.8%		$3.39
+76.0%		-46.8%$676.27M$99.40MN/A492

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This page (NASDAQ:ELVA) was last updated on 10/10/2026 by MarketBeat.com Staff.
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