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Electrovaya (ELVA) Competitors

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$10.19 +1.03 (+11.24%)
Closing price 07/21/2026 04:00 PM Eastern
Extended Trading
$9.87 -0.32 (-3.14%)
As of 06:56 AM Eastern
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ELVA vs. EOSE, ENR, ENVX, FREY, and BLDP

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 Eos Energy Enterprises (EOSE), Energizer (ENR), Enovix (ENVX), FREYR Battery (FREY), and Ballard Power Systems (BLDP). These companies are all part of the "electrical equipment" industry.

How does Electrovaya compare to Eos Energy Enterprises?

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

Electrovaya has a net margin of 7.03% compared to Eos Energy Enterprises' net margin of -296.12%. 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 -296.12%N/A -80.19%

In the previous week, Electrovaya had 1 more articles in the media than Eos Energy Enterprises. MarketBeat recorded 16 mentions for Electrovaya and 15 mentions for Eos Energy Enterprises. Eos Energy Enterprises' average media sentiment score of 0.97 beat Electrovaya's score of 0.61 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
6 Very Positive mention(s)
3 Positive mention(s)
6 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Eos Energy Enterprises
7 Very Positive mention(s)
5 Positive mention(s)
2 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 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 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$63.83M7.90$3.36M$0.1284.92
Eos Energy Enterprises$160.71M8.96-$969.65M-$6.68N/A

Electrovaya currently has a consensus target price of $17.75, suggesting a potential upside of 74.19%. Eos Energy Enterprises has a consensus target price of $9.17, suggesting a potential upside of 116.19%. Given Eos Energy Enterprises' higher possible 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 beta of 1.62, suggesting that its share price is 62% more volatile than the broader market. Comparatively, Eos Energy Enterprises has a beta of 2.68, suggesting that its share price is 168% more volatile than the broader market.

Summary

Electrovaya beats Eos Energy Enterprises on 9 of the 16 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 better stock? We will contrast the two companies based on the strength of their valuation, institutional ownership, risk, earnings, analyst recommendations, dividends, media sentiment and profitability.

Energizer currently has a consensus price target of $24.00, suggesting a potential upside of 19.66%. Electrovaya has a consensus price target of $17.75, suggesting a potential upside of 74.19%. Given Electrovaya's stronger consensus rating and higher probable upside, analysts plainly 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 a beta of 0.75, indicating that its stock price is 25% less volatile than the broader market. Comparatively, Electrovaya has a beta of 1.62, indicating that its stock price is 62% more volatile than the broader market.

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.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Energizer$2.95B0.47$239M$2.737.35
Electrovaya$63.83M7.90$3.36M$0.1284.92

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
Energizer6.55% 144.22% 5.37%
Electrovaya 7.03%11.35%6.19%

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

In the previous week, Electrovaya had 4 more articles in the media than Energizer. MarketBeat recorded 16 mentions for Electrovaya and 12 mentions for Energizer. Energizer's average media sentiment score of 0.76 beat Electrovaya's score of 0.61 indicating that Energizer is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Energizer
5 Very Positive mention(s)
1 Positive mention(s)
4 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Electrovaya
6 Very Positive mention(s)
3 Positive mention(s)
6 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Summary

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

How does Electrovaya compare to Enovix?

Electrovaya (NASDAQ:ELVA) and Enovix (NASDAQ:ENVX) 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 institutional ownership, risk, valuation, profitability, media sentiment, earnings, analyst recommendations and dividends.

In the previous week, Electrovaya had 14 more articles in the media than Enovix. MarketBeat recorded 16 mentions for Electrovaya and 2 mentions for Enovix. Electrovaya's average media sentiment score of 0.61 beat Enovix's score of -0.12 indicating that Electrovaya is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Electrovaya
6 Very Positive mention(s)
3 Positive mention(s)
6 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Enovix
0 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Neutral

Electrovaya has a beta of 1.62, meaning that its stock price is 62% more volatile than the broader market. Comparatively, Enovix has a beta of 2.26, meaning that its stock price is 126% more volatile than the broader market.

22.5% of Electrovaya shares are owned by institutional investors. Comparatively, 50.9% of Enovix shares are owned by institutional investors. 12.7% of Enovix shares are owned by 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.

Electrovaya currently has a consensus target price of $17.75, suggesting a potential upside of 74.19%. Enovix has a consensus target price of $12.64, suggesting a potential upside of 162.17%. Given Enovix's higher probable 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)
1 Hold rating(s)
7 Buy rating(s)
0 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$63.83M7.90$3.36M$0.1284.92
Enovix$31.82M33.04-$156.74M-$0.83N/A

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
Electrovaya7.03% 11.35% 6.19%
Enovix -499.64%-64.28%-21.19%

Summary

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

How does Electrovaya compare to FREYR Battery?

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

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
Electrovaya7.03% 11.35% 6.19%
FREYR Battery N/A -19.16%-16.70%

Electrovaya has a beta of 1.62, indicating that its share price is 62% more volatile than the broader market. Comparatively, FREYR Battery has a beta of 0.94, indicating that its share price is 6% less volatile than the broader market.

In the previous week, Electrovaya had 15 more articles in the media than FREYR Battery. MarketBeat recorded 16 mentions for Electrovaya and 1 mentions for FREYR Battery. Electrovaya's average media sentiment score of 0.61 beat FREYR Battery's score of 0.00 indicating that Electrovaya is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Electrovaya
6 Very Positive mention(s)
3 Positive mention(s)
6 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
FREYR Battery
0 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

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

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.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Electrovaya$63.83M7.90$3.36M$0.1284.92
FREYR BatteryN/AN/A-$71.94M-$0.76N/A

Electrovaya presently has a consensus price target of $17.75, indicating a potential upside of 74.19%. Given Electrovaya's stronger consensus rating and higher probable upside, equities research analysts plainly believe Electrovaya is more favorable than FREYR Battery.

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
FREYR Battery
0 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
0.00

Summary

Electrovaya beats FREYR Battery on 14 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 superior business? We will compare the two businesses based on the strength of their institutional ownership, earnings, media sentiment, dividends, analyst recommendations, valuation, risk and profitability.

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 endowments, hedge funds and large money managers believe a company is poised for long-term growth.

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
Electrovaya7.03% 11.35% 6.19%
Ballard Power Systems -78.60%-13.48%-11.64%

Electrovaya has a beta of 1.62, indicating that its stock price is 62% more volatile than the broader market. Comparatively, Ballard Power Systems has a beta of 2.25, indicating that its stock price is 125% more volatile than the broader market.

In the previous week, Electrovaya had 15 more articles in the media than Ballard Power Systems. MarketBeat recorded 16 mentions for Electrovaya and 1 mentions for Ballard Power Systems. Electrovaya's average media sentiment score of 0.61 beat Ballard Power Systems' score of 0.00 indicating that Electrovaya is being referred to more favorably in the media.

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

Electrovaya currently has a consensus target price of $17.75, suggesting a potential upside of 74.19%. Ballard Power Systems has a consensus target price of $3.53, suggesting a potential upside of 19.09%. 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
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 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.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Electrovaya$63.83M7.90$3.36M$0.1284.92
Ballard Power Systems$99.40M8.98-$90.91M-$0.27N/A

Summary

Electrovaya beats Ballard Power Systems 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

MetricElectrovayaELEC PRODS IndustryComputer SectorNASDAQ Exchange
Market Cap$453.49M$17.61B$37.86B$12.31B
Dividend YieldN/A1.16%3.16%9.67%
P/E Ratio84.9233.5677.7924.18
Price / Sales7.9019.42593.4478.60
Price / Cash80.0756.3944.8159.37
Price / Book13.777.659.376.25
Net Income$3.36M$401.64M$1.07B$331.66M
7 Day Performance-13.35%-3.23%-1.15%-1.33%
1 Month Performance-1.45%-9.95%-2.18%-1.75%
1 Year Performance166.75%28.59%138.34%18.04%

Electrovaya Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
ELVA
Electrovaya
3.6822 of 5 stars
$10.19
+11.2%
$17.75
+74.2%
+171.0%$453.49M$63.83M84.9297
EOSE
Eos Energy Enterprises
3.3456 of 5 stars
$4.29
-1.4%
$9.17
+113.7%
-29.3%$1.46B$114.20MN/A250
ENR
Energizer
4.4415 of 5 stars
$20.42
-0.2%
$23.14
+13.3%
-12.8%$1.40B$2.95B7.486,050
ENVX
Enovix
2.0413 of 5 stars
$5.06
+2.2%
$12.64
+149.7%
-66.6%$1.10B$31.82MN/A340
FREY
FREYR Battery
N/A$6.55
-4.4%
N/A+307.4%$920.21MN/AN/A210

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This page (NASDAQ:ELVA) was last updated on 7/22/2026 by MarketBeat.com Staff.
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