Which has stronger valuation & earnings, ENVX or ELVA?

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. Company Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Enovix $31.82M 45.93 -$156.74M -$0.83 N/A Electrovaya $63.83M 7.61 $3.36M $0.12 81.75

Is ENVX or ELVA more profitable?

Electrovaya has a net margin of 7.03% compared to Enovix's net margin of -499.64%. Electrovaya's return on equity of 11.35% beat Enovix's return on equity. Company Net Margins Return on Equity Return on Assets Enovix -499.64% -64.28% -21.19% Electrovaya 7.03% 11.35% 6.19%

Which has better valuation & earnings, ENR or ELVA?

Energizer has higher revenue and earnings than Electrovaya. Energizer 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 Energizer $2.95B 0.46 $239M $2.73 7.26 Electrovaya $63.83M 7.61 $3.36M $0.12 81.75

Is ENR or ELVA more profitable?

Electrovaya has a net margin of 7.03% compared to Energizer's net margin of 6.55%. Energizer's return on equity of 144.22% beat Electrovaya's return on equity. Company Net Margins Return on Equity Return on Assets Energizer 6.55% 144.22% 5.37% Electrovaya 7.03% 11.35% 6.19%

Do analysts recommend FREY or ELVA?

Electrovaya has a consensus target price of $14.63, suggesting a potential upside of 49.08%. Given Electrovaya's stronger consensus rating and higher probable upside, analysts clearly believe Electrovaya is more favorable than FREYR Battery. Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score FREYR Battery 0 Sell rating(s) 0 Hold rating(s) 0 Buy rating(s) 0 Strong Buy rating(s) 0.00 Electrovaya 0 Sell rating(s) 2 Hold rating(s) 3 Buy rating(s) 1 Strong Buy rating(s) 2.83

Is NRGV or ELVA more profitable?

Electrovaya has a net margin of 7.03% compared to Energy Vault's net margin of -52.97%. Electrovaya's return on equity of 11.35% beat Energy Vault's return on equity. Company Net Margins Return on Equity Return on Assets Energy Vault -52.97% -171.09% -40.28% Electrovaya 7.03% 11.35% 6.19%

Electrovaya (ELVA) Competitors

$9.81 +0.51 (+5.48%)

Closing price 04:00 PM Eastern

Extended Trading

$9.98 +0.16 (+1.68%)

As of 07:45 PM Eastern

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ELVA vs. ENVX, BLDP, ENR, FREY, and NRGV

Should you buy Electrovaya stock or one of its competitors? MarketBeat compares Electrovaya with other companies and stocks that may be similar based on industry, sector, market capitalization, business model, investor interest, or shared news coverage. Companies and stocks commonly compared with Electrovaya include Enovix (ENVX), Ballard Power Systems (BLDP), Energizer (ENR), FREYR Battery (FREY), and Energy Vault (NRGV). These companies are all part of the "electrical equipment" industry.

How does Electrovaya compare to Enovix?

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

50.9% of Enovix shares are held by institutional investors. Comparatively, 22.5% of Electrovaya shares are held by institutional investors. 12.7% of Enovix shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.

In the previous week, Enovix and Enovix both had 1 articles in the media. Enovix's average media sentiment score of 1.87 beat Electrovaya's score of 1.65 indicating that Enovix is being referred to more favorably in the media.

Company	Overall Sentiment
Enovix	Very Positive
Electrovaya	Very Positive

Enovix presently has a consensus price target of $12.64, suggesting a potential upside of 88.60%. Electrovaya has a consensus price target of $14.63, suggesting a potential upside of 49.08%. Given Enovix's higher possible upside, analysts plainly believe Enovix is more favorable than Electrovaya.

Company	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Enovix	2 Sell rating(s)	1 Hold rating(s)	7 Buy rating(s)	0 Strong Buy rating(s)	2.50
Electrovaya	0 Sell rating(s)	2 Hold rating(s)	3 Buy rating(s)	1 Strong Buy rating(s)	2.83

Enovix has a beta of 2.27, suggesting that its stock price is 127% more volatile than the broader market. Comparatively, Electrovaya has a beta of 1.56, suggesting that its stock price is 56% more volatile than the broader market.

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.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Enovix	$31.82M	45.93	-$156.74M	-$0.83	N/A
Electrovaya	$63.83M	7.61	$3.36M	$0.12	81.75

Electrovaya has a net margin of 7.03% compared to Enovix's net margin of -499.64%. Electrovaya's return on equity of 11.35% beat Enovix's return on equity.

Company	Net Margins	Return on Equity	Return on Assets
Enovix	-499.64%	-64.28%	-21.19%
Electrovaya	7.03%	11.35%	6.19%

Summary

Electrovaya beats Enovix on 9 of the 16 factors compared between the two stocks.

How does Electrovaya compare to Ballard Power Systems?

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

In the previous week, Ballard Power Systems had 1 more articles in the media than Electrovaya. MarketBeat recorded 2 mentions for Ballard Power Systems and 1 mentions for Electrovaya. Electrovaya's average media sentiment score of 1.65 beat Ballard Power Systems' score of 0.84 indicating that Electrovaya is being referred to more favorably in the media.

Company	Overall Sentiment
Electrovaya	Very Positive
Ballard Power Systems	Positive

Electrovaya currently has a consensus target price of $14.63, suggesting a potential upside of 49.08%. Ballard Power Systems has a consensus target price of $3.59, suggesting a potential downside of 14.79%. Given Electrovaya's stronger consensus rating and higher probable upside, equities research analysts clearly believe Electrovaya is more favorable than Ballard Power Systems.

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
Ballard Power Systems	3 Sell rating(s)	11 Hold rating(s)	1 Buy rating(s)	0 Strong Buy rating(s)	1.87

Electrovaya has a beta of 1.56, meaning that its stock price is 56% more volatile than the broader market. Comparatively, Ballard Power Systems has a beta of 2.19, meaning that its stock price is 119% more volatile than the broader market.

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.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Electrovaya	$63.83M	7.61	$3.36M	$0.12	81.75
Ballard Power Systems	$99.40M	12.77	-$90.91M	-$0.27	N/A

22.5% of Electrovaya shares are owned by institutional investors. Comparatively, 28.0% of Ballard Power Systems shares are owned by institutional investors. 0.2% of Ballard Power Systems shares are owned 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 a net margin of 7.03% compared to Ballard Power Systems' net margin of -78.60%. Electrovaya's return on equity of 11.35% beat Ballard Power Systems' return on equity.

Company	Net Margins	Return on Equity	Return on Assets
Electrovaya	7.03%	11.35%	6.19%
Ballard Power Systems	-78.60%	-13.48%	-11.64%

Summary

Electrovaya beats Ballard Power Systems on 11 of the 17 factors compared between the two stocks.

How does Electrovaya compare to Energizer?

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

In the previous week, Energizer had 3 more articles in the media than Electrovaya. MarketBeat recorded 4 mentions for Energizer and 1 mentions for Electrovaya. Electrovaya's average media sentiment score of 1.65 beat Energizer's score of 1.05 indicating that Electrovaya is being referred to more favorably in the news media.

Company	Overall Sentiment
Energizer	Positive
Electrovaya	Very Positive

Energizer has a beta of 0.78, indicating that its share price is 22% less volatile than the broader market. Comparatively, Electrovaya has a beta of 1.56, indicating that its share price is 56% more volatile than the broader market.

Energizer presently has a consensus target price of $23.14, indicating a potential upside of 16.82%. Electrovaya has a consensus target price of $14.63, indicating a potential upside of 49.08%. Given Electrovaya's stronger consensus rating and higher possible upside, analysts clearly believe Electrovaya is more favorable than Energizer.

Company	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Energizer	0 Sell rating(s)	7 Hold rating(s)	1 Buy rating(s)	0 Strong Buy rating(s)	2.13
Electrovaya	0 Sell rating(s)	2 Hold rating(s)	3 Buy rating(s)	1 Strong Buy rating(s)	2.83

Energizer has higher revenue and earnings than Electrovaya. Energizer 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
Energizer	$2.95B	0.46	$239M	$2.73	7.26
Electrovaya	$63.83M	7.61	$3.36M	$0.12	81.75

93.7% of Energizer shares are held by institutional investors. Comparatively, 22.5% of Electrovaya shares are held by institutional investors. 1.6% of Energizer shares are held 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.

Electrovaya has a net margin of 7.03% compared to Energizer's net margin of 6.55%. Energizer's return on equity of 144.22% beat Electrovaya's return on equity.

Company	Net Margins	Return on Equity	Return on Assets
Energizer	6.55%	144.22%	5.37%
Electrovaya	7.03%	11.35%	6.19%

Summary

Electrovaya beats Energizer on 10 of the 17 factors compared between the two stocks.

How does Electrovaya compare to FREYR Battery?

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

Electrovaya has a consensus target price of $14.63, suggesting a potential upside of 49.08%. Given Electrovaya's stronger consensus rating and higher probable upside, analysts clearly believe Electrovaya is more favorable than FREYR Battery.

Company	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
FREYR Battery	0 Sell rating(s)	0 Hold rating(s)	0 Buy rating(s)	0 Strong Buy rating(s)	0.00
Electrovaya	0 Sell rating(s)	2 Hold rating(s)	3 Buy rating(s)	1 Strong Buy rating(s)	2.83

52.3% of FREYR Battery shares are held by institutional investors. Comparatively, 22.5% of Electrovaya shares are held by institutional investors. 20.4% of FREYR Battery shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.

FREYR Battery has a beta of 0.94, indicating that its share price is 6% less volatile than the broader market. Comparatively, Electrovaya has a beta of 1.56, indicating that its share price is 56% more volatile than the broader market.

Electrovaya has a net margin of 7.03% compared to FREYR Battery's net margin of 0.00%. Electrovaya's return on equity of 11.35% beat FREYR Battery's return on equity.

Company	Net Margins	Return on Equity	Return on Assets
FREYR Battery	N/A	-19.16%	-16.70%
Electrovaya	7.03%	11.35%	6.19%

Electrovaya has higher revenue and earnings than FREYR Battery. FREYR Battery 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
FREYR Battery	N/A	N/A	-$71.94M	-$0.76	N/A
Electrovaya	$63.83M	7.61	$3.36M	$0.12	81.75

In the previous week, Electrovaya had 1 more articles in the media than FREYR Battery. MarketBeat recorded 1 mentions for Electrovaya and 0 mentions for FREYR Battery. Electrovaya's average media sentiment score of 1.65 beat FREYR Battery's score of 0.00 indicating that Electrovaya is being referred to more favorably in the news media.

Company	Overall Sentiment
FREYR Battery	Neutral
Electrovaya	Very Positive

Summary

Electrovaya beats FREYR Battery on 14 of the 16 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 electrical equipment companies, but which is the superior investment? We will compare the two businesses based on the strength of their profitability, earnings, institutional ownership, media sentiment, valuation, risk, analyst recommendations and dividends.

Energy Vault presently has a consensus target price of $5.08, suggesting a potential upside of 14.17%. Electrovaya has a consensus target price of $14.63, suggesting a potential upside of 49.08%. Given Electrovaya's stronger consensus rating and higher probable upside, analysts clearly believe Electrovaya is more favorable than Energy Vault.

Company	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Energy Vault	3 Sell rating(s)	1 Hold rating(s)	2 Buy rating(s)	0 Strong Buy rating(s)	1.83
Electrovaya	0 Sell rating(s)	2 Hold rating(s)	3 Buy rating(s)	1 Strong Buy rating(s)	2.83

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

Electrovaya has a net margin of 7.03% compared to Energy Vault's net margin of -52.97%. Electrovaya's return on equity of 11.35% beat Energy Vault's return on equity.

Company	Net Margins	Return on Equity	Return on Assets
Energy Vault	-52.97%	-171.09%	-40.28%
Electrovaya	7.03%	11.35%	6.19%

In the previous week, Energy Vault and Energy Vault both had 1 articles in the media. Electrovaya's average media sentiment score of 1.65 beat Energy Vault's score of 1.27 indicating that Electrovaya is being referred to more favorably in the news media.

Company	Overall Sentiment
Energy Vault	Positive
Electrovaya	Very Positive

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.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Energy Vault	$203.67M	3.89	-$103.61M	-$0.71	N/A
Electrovaya	$63.83M	7.61	$3.36M	$0.12	81.75

Energy Vault has a beta of 1.15, indicating that its share price is 15% more volatile than the broader market. Comparatively, Electrovaya has a beta of 1.56, indicating that its share price is 56% more volatile than the broader market.

Summary

Electrovaya beats Energy Vault on 13 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.

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	ELEC PRODS Industry	Computer Sector	NASDAQ Exchange
Market Cap	$460.42M	$17.89B	$37.94B	$11.73B
Dividend Yield	N/A	0.98%	3.16%	5.56%
P/E Ratio	81.76	37.48	171.08	24.33
Price / Sales	7.61	369.03	631.30	108.33
Price / Cash	81.30	63.45	47.91	54.62
Price / Book	13.26	8.39	9.65	6.82
Net Income	$3.36M	$402.10M	$1.07B	$337.41M
7 Day Performance	-11.70%	1.76%	-3.01%	-0.96%
1 Month Performance	-12.49%	7.87%	3.95%	1.68%
1 Year Performance	170.25%	67.56%	157.13%	26.88%

Electrovaya Competitors List

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Company	MarketRank	Share Price	Analysts' Price Target	1Y Price Performance	Market Cap	Revenue	P/E Ratio	Employee Count	Indicator(s)
ELVA Electrovaya	4.4803 of 5 stars	$9.81 +5.5%	$14.63 +49.1%	+158.3%	$460.42M	$63.83M	81.76	97
ENVX Enovix	2.7982 of 5 stars	$6.75 -7.8%	$12.64 +87.2%	-27.1%	$1.47B	$34.32M	N/A	340	Positive News
BLDP Ballard Power Systems	1.6384 of 5 stars	$4.74 -8.1%	$3.59 -24.3%	+162.3%	$1.43B	$103.40M	N/A	1,370	Options Volume
ENR Energizer	4.7369 of 5 stars	$19.69 +0.1%	$23.14 +17.5%	-13.4%	$1.35B	$2.95B	7.21	6,050	Positive News
FREY FREYR Battery	N/A	$9.13 -3.2%	N/A	+540.9%	$1.28B	N/A	N/A	210	High Trading Volume

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This page (NASDAQ:ELVA) was last updated on 6/11/2026 by MarketBeat.com Staff.

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Electrovaya (ELVA) Competitors

ELVA vs. ENVX, BLDP, ENR, FREY, and NRGV

How does Electrovaya compare to Enovix?

Summary

How does Electrovaya compare to Ballard Power Systems?

Summary

How does Electrovaya compare to Energizer?

Summary

How does Electrovaya compare to FREYR Battery?

Summary

How does Electrovaya compare to Energy Vault?

Summary

New MarketBeat Followers Over Time

Media Sentiment Over Time

ELVA vs. The Competition

Electrovaya Competitors List

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Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

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Electrovaya (ELVA) Competitors

ELVA vs. ENVX, BLDP, ENR, FREY, and NRGV

How does Electrovaya compare to Enovix?

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

Does the media refer more to ENVX or ELVA?

Do analysts rate ENVX or ELVA?

Which has more risk & volatility, ENVX or ELVA?

Which has stronger valuation & earnings, ENVX or ELVA?

Is ENVX or ELVA more profitable?

Summary

How does Electrovaya compare to Ballard Power Systems?

Does the media refer more to ELVA or BLDP?

Do analysts rate ELVA or BLDP?

Which has more volatility and risk, ELVA or BLDP?

Which has preferable earnings and valuation, ELVA or BLDP?

Do insiders and institutionals have more ownership in ELVA or BLDP?

Is ELVA or BLDP more profitable?

Summary

How does Electrovaya compare to Energizer?

Does the media favor ENR or ELVA?

Which has more volatility and risk, ENR or ELVA?

Do analysts rate ENR or ELVA?

Which has better valuation & earnings, ENR or ELVA?

Do institutionals & insiders believe in ENR or ELVA?

Is ENR or ELVA more profitable?

Summary

How does Electrovaya compare to FREYR Battery?

Do analysts recommend FREY or ELVA?

Do insiders & institutionals have more ownership in FREY or ELVA?

Which has more volatility and risk, FREY or ELVA?

Is FREY or ELVA more profitable?

Which has higher valuation & earnings, FREY or ELVA?

Does the media favor FREY or ELVA?

Summary

How does Electrovaya compare to Energy Vault?

Do analysts recommend NRGV or ELVA?

Do insiders & institutionals have more ownership in NRGV or ELVA?

Is NRGV or ELVA more profitable?

Does the media favor NRGV or ELVA?

Which has higher valuation & earnings, NRGV or ELVA?

Which has more volatility and risk, NRGV 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