Do analysts rate ADSE or ELVA?

Electrovaya has a consensus price target of $17.50, suggesting a potential upside of 164.75%. 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

Which has higher earnings & valuation, ADSE or ELVA?

Electrovaya has higher revenue and earnings than ADS-TEC Energy. Company Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio ADS-TEC Energy $35.70M 24.28 -$62.44M N/A N/A Electrovaya $63.83M 5.13 $3.36M $0.11 60.09

Is ELVA or NRGV more profitable?

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 Electrovaya 6.14% 7.96% 4.54% Energy Vault -48.58% -236.83% -34.74%

Which has better valuation & earnings, ELVA or LYTS?

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. Company Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Electrovaya $63.83M 5.13 $3.36M $0.11 60.09 LSI Industries $689.40M 1.10 $22.58M $0.67 30.37

Electrovaya (ELVA) Competitors

$6.61 +0.12 (+1.85%)

Closing price 09/18/2026 04:00 PM Eastern

Extended Trading

$6.35 -0.26 (-3.93%)

As of 09/18/2026 07:30 PM Eastern

Compare

ELVA vs. SHLS, ADSE, NRGV, LYTS, and BLDP

Should you buy Electrovaya stock or one of its competitors? Electrovaya's main competitors and comparable companies include Shoals Technologies Group (SHLS), ADS-TEC Energy (ADSE), Energy Vault (NRGV), LSI Industries (LYTS), and Ballard Power Systems (BLDP). 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?

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

Shoals Technologies Group presently has a consensus target price of $10.71, suggesting a potential upside of 40.98%. Electrovaya has a consensus target price of $17.50, suggesting a potential upside of 164.75%. Given Electrovaya's stronger consensus rating and higher possible upside, analysts plainly 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

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
Shoals Technologies Group	5.41%	10.07%	6.38%
Electrovaya	6.14%	7.96%	4.54%

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

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.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Shoals Technologies Group	$475.33M	2.69	$33.57M	$0.19	40.00
Electrovaya	$63.83M	5.13	$3.36M	$0.11	60.09

Shoals Technologies Group has a beta of 1.89, indicating that its stock price is 89% more volatile than the broader market. Comparatively, Electrovaya has a beta of 1.64, indicating that its stock price is 64% more volatile than the broader market.

In the previous week, Shoals Technologies Group had 3 more articles in the media than Electrovaya. MarketBeat recorded 3 mentions for Shoals Technologies Group and 0 mentions for Electrovaya. Shoals Technologies Group's average media sentiment score of 1.18 beat Electrovaya's score of 0.00 indicating that Shoals Technologies Group is being referred to more favorably in the media.

Company	Overall Sentiment
Shoals Technologies Group	Positive
Electrovaya	Neutral

Summary

Shoals Technologies Group beats Electrovaya on 10 of the 17 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 superior investment? We will contrast the two businesses based on the strength of their earnings, profitability, analyst recommendations, valuation, institutional ownership, media sentiment, dividends and risk.

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 Energy	N/A	N/A	N/A
Electrovaya	6.14%	7.96%	4.54%

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

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
ADS-TEC Energy	$35.70M	24.28	-$62.44M	N/A	N/A
Electrovaya	$63.83M	5.13	$3.36M	$0.11	60.09

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

Electrovaya has a consensus price target of $17.50, suggesting a potential upside of 164.75%. 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

In the previous week, ADS-TEC Energy's average media sentiment score of 0.00 equaled Electrovaya'saverage media sentiment score.

Company	Overall Sentiment
ADS-TEC Energy	Neutral
Electrovaya	Neutral

ADS-TEC Energy has a beta of 0.35, suggesting that its stock price is 65% less 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.

Summary

Electrovaya beats ADS-TEC Energy on 10 of the 13 factors compared between the two stocks.

How does Electrovaya compare to Energy Vault?

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

22.5% of Electrovaya shares are owned by institutional investors. Comparatively, 40.0% of Energy Vault shares are owned by institutional investors. 17.2% of Energy Vault shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.

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
Electrovaya	6.14%	7.96%	4.54%
Energy Vault	-48.58%	-236.83%	-34.74%

Electrovaya presently has a consensus price target of $17.50, indicating a potential upside of 164.75%. Energy Vault has a consensus price target of $6.01, indicating a potential upside of 33.91%. Given Electrovaya's stronger consensus rating and higher possible upside, research analysts plainly believe Electrovaya is more favorable than Energy Vault.

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
Energy Vault	2 Sell rating(s)	1 Hold rating(s)	4 Buy rating(s)	0 Strong Buy rating(s)	2.29

In the previous week, Energy Vault had 2 more articles in the media than Electrovaya. MarketBeat recorded 2 mentions for Energy Vault and 0 mentions for Electrovaya. Energy Vault's average media sentiment score of 1.44 beat Electrovaya's score of 0.00 indicating that Energy Vault is being referred to more favorably in the news media.

Company	Overall Sentiment
Electrovaya	Neutral
Energy Vault	Positive

Electrovaya has a beta of 1.64, indicating that its stock price is 64% more volatile than the broader market. Comparatively, Energy Vault has a beta of 1.24, indicating that its stock price is 24% more volatile than the broader market.

Electrovaya has higher earnings, but lower revenue 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.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Electrovaya	$63.83M	5.13	$3.36M	$0.11	60.09
Energy Vault	$203.67M	4.00	-$103.61M	-$0.66	N/A

Summary

Electrovaya beats Energy Vault on 11 of the 17 factors compared between the two stocks.

How does Electrovaya compare to LSI Industries?

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

Electrovaya presently has a consensus price target of $17.50, suggesting a potential upside of 164.75%. LSI Industries has a consensus price target of $29.00, suggesting a potential upside of 42.51%. Given Electrovaya's stronger consensus rating and higher possible upside, analysts plainly believe Electrovaya is more favorable than LSI Industries.

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
LSI Industries	0 Sell rating(s)	2 Hold rating(s)	3 Buy rating(s)	0 Strong Buy rating(s)	2.60

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.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Electrovaya	$63.83M	5.13	$3.36M	$0.11	60.09
LSI Industries	$689.40M	1.10	$22.58M	$0.67	30.37

Electrovaya has a beta of 1.64, indicating that its share price is 64% more volatile than the broader market. Comparatively, LSI Industries has a beta of 0.52, indicating that its share price is 48% less 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
Electrovaya	6.14%	7.96%	4.54%
LSI Industries	3.28%	7.51%	3.71%

22.5% of Electrovaya shares are owned by institutional investors. Comparatively, 73.9% of LSI Industries shares are owned by institutional investors. 7.3% of LSI Industries shares are owned by company 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.

In the previous week, LSI Industries had 2 more articles in the media than Electrovaya. MarketBeat recorded 2 mentions for LSI Industries and 0 mentions for Electrovaya. Electrovaya's average media sentiment score of 0.00 equaled LSI Industries'average media sentiment score.

Company	Overall Sentiment
Electrovaya	Neutral
LSI Industries	Neutral

Summary

Electrovaya beats LSI Industries on 9 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 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.

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 presently has a consensus price target of $3.50, suggesting a potential upside of 61.29%. Electrovaya has a consensus price target of $17.50, suggesting a potential upside of 164.75%. 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

In the previous week, Ballard Power Systems' average media sentiment score of 0.00 equaled Electrovaya'saverage media sentiment score.

Company	Overall Sentiment
Ballard Power Systems	Neutral
Electrovaya	Neutral

Ballard Power Systems has a beta of 2.26, meaning that its stock price is 126% more 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.

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 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 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.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Ballard Power Systems	$99.40M	7.66	-$90.91M	-$0.26	N/A
Electrovaya	$63.83M	5.13	$3.36M	$0.11	60.09

Summary

Electrovaya beats Ballard Power Systems on 10 of the 15 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.

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.

ELVA vs. The Competition

Export

Metric	Electrovaya	Electrical Equipment Industry	Industrials Sector	NASDAQ Exchange
Market Cap	$327.24M	$10.42B	$10.20B	$12.95B
Dividend Yield	N/A	2.35%	97.05%	12.80%
P/E Ratio	60.10	46.33	25.52	25.40
Price / Sales	5.13	1,638.62	283.87	87.39
Price / Cash	57.78	32.83	23.81	51.42
Price / Book	8.93	7.49	4.80	6.33
Net Income	$3.36M	$139.36M	$614.67M	$358.33M
7 Day Performance	2.80%	9.87%	1.21%	1.12%
1 Month Performance	-1.05%	4.67%	-2.57%	-2.39%
1 Year Performance	-5.57%	4.08%	4.34%	5.35%

Electrovaya Competitors List

Export

Company	MarketRank	Share Price	Analysts' Price Target	1Y Price Performance	Market Cap	Revenue	P/E Ratio	Employee Count	Indicator(s)
ELVA Electrovaya	2.4908 of 5 stars	$6.61 +1.8%	$17.50 +164.8%	-5.6%	$327.24M	$63.83M	60.10	123	Positive News
SHLS Shoals Technologies Group	4.8419 of 5 stars	$7.45 -2.7%	$10.71 +43.9%	+4.3%	$1.25B	$588.06M	39.08	1,480	News Coverage Positive News
ADSE ADS-TEC Energy	N/A	$11.01 -1.7%	N/A	+21.2%	$825.77M	$31.56M	N/A	302	Positive News
NRGV Energy Vault	3.619 of 5 stars	$4.30 +1.5%	$6.01 +39.8%	+42.4%	$786.46M	$225.87M	N/A	148	Positive News Gap Down
LYTS LSI Industries	3.8371 of 5 stars	$20.21 -0.4%	$29.00 +43.5%	-13.0%	$753.79M	$689.40M	30.19	3,175

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This page (NASDAQ:ELVA) was last updated on 9/20/2026 by MarketBeat.com Staff.

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Electrovaya (ELVA) Competitors

ELVA vs. SHLS, ADSE, NRGV, LYTS, and BLDP

How does Electrovaya compare to Shoals Technologies Group?

Summary

How does Electrovaya compare to ADS-TEC Energy?

Summary

How does Electrovaya compare to Energy Vault?

Summary

How does Electrovaya compare to LSI Industries?

Summary

How does Electrovaya compare to Ballard Power Systems?

Summary

New MarketBeat Followers Over Time

Media Sentiment Over Time

ELVA vs. The Competition

Electrovaya Competitors List

Related Companies and Tools

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

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Electrovaya (ELVA) Competitors

ELVA vs. SHLS, ADSE, NRGV, LYTS, and BLDP

How does Electrovaya compare to Shoals Technologies Group?

Do analysts rate SHLS or ELVA?

Is SHLS or ELVA more profitable?

Do insiders & institutionals believe in SHLS or ELVA?

Which has preferable valuation and earnings, SHLS or ELVA?

Which has more risk and volatility, SHLS or ELVA?

Does the media favor SHLS or ELVA?

Summary

How does Electrovaya compare to ADS-TEC Energy?

Is ADSE or ELVA more profitable?

Which has higher earnings & valuation, ADSE or ELVA?

Do institutionals and insiders hold more shares of ADSE or ELVA?

Do analysts rate ADSE or ELVA?

Does the media favor ADSE or ELVA?

Which has more volatility & risk, ADSE or ELVA?

Summary

How does Electrovaya compare to Energy Vault?

Do insiders & institutionals believe in ELVA or NRGV?

Is ELVA or NRGV more profitable?

Do analysts rate ELVA or NRGV?

Does the media prefer ELVA or NRGV?

Which has more volatility and risk, ELVA or NRGV?

Which has higher valuation and earnings, ELVA or NRGV?

Summary

How does Electrovaya compare to LSI Industries?

Do analysts prefer ELVA or LYTS?

Which has better valuation & earnings, ELVA or LYTS?

Which has more risk & volatility, ELVA or LYTS?

Is ELVA or LYTS more profitable?

Do insiders & institutionals hold more shares of ELVA or LYTS?

Does the media refer more to ELVA or LYTS?

Summary

How does Electrovaya compare to Ballard Power Systems?

Is BLDP or ELVA more profitable?

Do analysts prefer BLDP or ELVA?

Does the media prefer BLDP or ELVA?

Which has more volatility & risk, BLDP or ELVA?

Do institutionals and insiders hold more shares of BLDP or ELVA?

Which has better earnings & valuation, BLDP or ELVA?

Summary

New MarketBeat Followers Over Time

Media Sentiment Over Time

ELVA vs. The Competition

Electrovaya Competitors List

Related Companies and Tools

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools