Electrovaya (ELVA) Competitors

$10.88 +0.57 (+5.53%)

Closing price 04:00 PM Eastern

Extended Trading

$10.89 +0.01 (+0.07%)

As of 06:51 PM Eastern

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

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 stock? We will compare the two businesses based on the strength of their analyst recommendations, earnings, dividends, institutional ownership, valuation, risk, media sentiment and profitability.

In the previous week, Electrovaya had 12 more articles in the media than Ballard Power Systems. MarketBeat recorded 16 mentions for Electrovaya and 4 mentions for Ballard Power Systems. Ballard Power Systems' average media sentiment score of 0.48 beat Electrovaya's score of -0.04 indicating that Ballard Power Systems 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)	2 Positive mention(s)	4 Neutral mention(s)	1 Negative mention(s)	0 Very Negative mention(s)	Neutral
Ballard Power Systems	2 Very Positive mention(s)	1 Positive mention(s)	0 Neutral mention(s)	1 Negative mention(s)	0 Very Negative mention(s)	Neutral

Electrovaya presently has a consensus price target of $12.63, suggesting a potential upside of 16.04%. Ballard Power Systems has a consensus price target of $3.59, suggesting a potential downside of 35.24%. Given Electrovaya's stronger consensus rating and higher possible upside, equities 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

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 company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.

Electrovaya has a beta of 1.44, indicating that its share price is 44% more volatile than the broader market. Comparatively, Ballard Power Systems has a beta of 1.94, indicating that its share price is 94% more volatile than the broader market.

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%

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	8.44	$3.36M	$0.12	90.67
Ballard Power Systems	$103.40M	16.15	-$90.91M	-$0.27	N/A

Summary

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

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 stock? We will contrast the two companies based on the strength of their earnings, institutional ownership, valuation, risk, dividends, profitability, media sentiment and analyst recommendations.

In the previous week, Electrovaya had 9 more articles in the media than Enovix. MarketBeat recorded 16 mentions for Electrovaya and 7 mentions for Enovix. Enovix's average media sentiment score of 0.19 beat Electrovaya's score of -0.04 indicating that Enovix is being referred to more favorably in the media.

Company	Very Positive	Positive	Neutral	Negative	Very Negative	Overall Sentiment
Enovix	2 Very Positive mention(s)	1 Positive mention(s)	4 Neutral mention(s)	0 Negative mention(s)	0 Very Negative mention(s)	Neutral
Electrovaya	2 Very Positive mention(s)	2 Positive mention(s)	4 Neutral mention(s)	1 Negative mention(s)	0 Very Negative mention(s)	Neutral

Enovix has a beta of 2.24, indicating that its share price is 124% more volatile than the broader market. Comparatively, Electrovaya has a beta of 1.44, indicating that its share price is 44% more volatile than the broader market.

Enovix presently has a consensus price target of $12.64, suggesting a potential upside of 89.17%. Electrovaya has a consensus price target of $12.63, suggesting a potential upside of 16.04%. 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

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%

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

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	$34.32M	42.46	-$156.74M	-$0.83	N/A
Electrovaya	$63.83M	8.44	$3.36M	$0.12	90.67

Summary

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

How does Electrovaya compare to Energizer?

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

Electrovaya has a beta of 1.44, meaning that its share price is 44% more volatile than the broader market. Comparatively, Energizer has a beta of 0.81, meaning that its share price is 19% less volatile than the broader market.

22.5% of Electrovaya shares are owned by institutional investors. Comparatively, 93.7% of Energizer shares are owned by institutional investors. 1.6% of Energizer shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.

In the previous week, Energizer had 6 more articles in the media than Electrovaya. MarketBeat recorded 22 mentions for Energizer and 16 mentions for Electrovaya. Energizer's average media sentiment score of 0.58 beat Electrovaya's score of -0.04 indicating that Energizer 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)	2 Positive mention(s)	4 Neutral mention(s)	1 Negative mention(s)	0 Very Negative mention(s)	Neutral
Energizer	9 Very Positive mention(s)	0 Positive mention(s)	0 Neutral mention(s)	1 Negative mention(s)	0 Very Negative mention(s)	Positive

Electrovaya presently has a consensus price target of $12.63, indicating a potential upside of 16.04%. Energizer has a consensus price target of $23.14, indicating a potential upside of 27.32%. Given Energizer's higher possible upside, analysts clearly believe Energizer 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
Energizer	0 Sell rating(s)	7 Hold rating(s)	1 Buy rating(s)	0 Strong Buy rating(s)	2.13

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
Electrovaya	7.03%	11.35%	6.19%
Energizer	6.55%	144.22%	5.37%

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
Electrovaya	$63.83M	8.44	$3.36M	$0.12	90.67
Energizer	$2.95B	0.42	$239M	$2.73	6.66

Summary

Energizer beats Electrovaya on 9 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 better investment? We will contrast the two businesses based on the strength of their profitability, media sentiment, dividends, institutional ownership, risk, valuation, analyst recommendations and earnings.

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 a consensus price target of $12.63, indicating a potential upside of 16.04%. 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

FREYR Battery has a beta of 0.94, meaning that its share price is 6% less volatile than the broader market. Comparatively, Electrovaya has a beta of 1.44, meaning that its share price is 44% more volatile than the broader market.

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	8.44	$3.36M	$0.12	90.67

In the previous week, Electrovaya had 16 more articles in the media than FREYR Battery. MarketBeat recorded 16 mentions for Electrovaya and 0 mentions for FREYR Battery. FREYR Battery's average media sentiment score of 0.00 beat Electrovaya's score of -0.04 indicating that FREYR Battery is being referred to more favorably in the media.

Company	Overall Sentiment
FREYR Battery	Neutral
Electrovaya	Neutral

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

Summary

Electrovaya beats FREYR Battery on 13 of the 16 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 electrical equipment companies, but which is the superior stock? We will contrast the two companies based on the strength of their risk, analyst recommendations, valuation, profitability, dividends, institutional ownership, media sentiment and earnings.

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
Electrovaya	7.03%	11.35%	6.19%
Energy Vault	-52.97%	-171.09%	-40.28%

Electrovaya currently has a consensus target price of $12.63, indicating a potential upside of 16.04%. Energy Vault has a consensus target price of $5.02, indicating a potential downside of 2.30%. Given Electrovaya's stronger consensus rating and higher probable upside, equities 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	3 Sell rating(s)	0 Hold rating(s)	2 Buy rating(s)	0 Strong Buy rating(s)	1.80

22.5% of Electrovaya shares are held by institutional investors. Comparatively, 40.0% of Energy Vault shares are held by institutional investors. 17.2% of Energy Vault shares are held 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 has a beta of 1.44, suggesting that its share price is 44% more volatile than the broader market. Comparatively, Energy Vault has a beta of 1.14, suggesting that its share price is 14% 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	8.44	$3.36M	$0.12	90.67
Energy Vault	$203.67M	4.36	-$103.61M	-$0.71	N/A

In the previous week, Electrovaya had 11 more articles in the media than Energy Vault. MarketBeat recorded 16 mentions for Electrovaya and 5 mentions for Energy Vault. Energy Vault's average media sentiment score of 0.27 beat Electrovaya's score of -0.04 indicating that Energy Vault 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)	2 Positive mention(s)	4 Neutral mention(s)	1 Negative mention(s)	0 Very Negative mention(s)	Neutral
Energy Vault	2 Very Positive mention(s)	0 Positive mention(s)	2 Neutral mention(s)	1 Negative mention(s)	0 Very Negative mention(s)	Neutral

Summary

Electrovaya beats Energy Vault on 13 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.

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

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Metric	Electrovaya	ELEC PRODS Industry	Computer Sector	NASDAQ Exchange
Market Cap	$538.67M	$16.58B	$39.00B	$12.30B
Dividend Yield	N/A	1.17%	3.21%	5.33%
P/E Ratio	90.67	36.14	78.86	25.67
Price / Sales	8.44	78.12	629.32	98.72
Price / Cash	89.08	64.47	46.90	56.16
Price / Book	8.57	7.09	10.54	7.01
Net Income	$3.36M	$391.30M	$1.06B	$335.38M
7 Day Performance	13.93%	1.31%	3.06%	2.66%
1 Month Performance	7.62%	-0.89%	5.78%	1.39%
1 Year Performance	249.84%	62.07%	168.10%	35.43%

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	3.0589 of 5 stars	$10.88 +5.5%	$12.63 +16.0%	+229.4%	$538.67M	$63.83M	90.67	97	Analyst Revision
BLDP Ballard Power Systems	1.2225 of 5 stars	$4.18 -3.5%	$3.51 -16.1%	+314.5%	$1.26B	$103.40M	N/A	1,370	Analyst Forecast
ENVX Enovix	3.0422 of 5 stars	$5.53 -6.7%	$12.64 +128.5%	-14.3%	$1.20B	$34.32M	N/A	340	Gap Down
ENR Energizer	4.7264 of 5 stars	$16.18 -2.2%	$23.14 +43.1%	-24.6%	$1.11B	$2.95B	5.92	6,050	Trending News Insider Trade Analyst Revision
FREY FREYR Battery	N/A	$7.00 +23.5%	N/A	+698.2%	$983.43M	N/A	N/A	210	High Trading Volume

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This page (NASDAQ:ELVA) was last updated on 5/22/2026 by MarketBeat.com Staff.

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Electrovaya (ELVA) Competitors

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

How does Electrovaya compare to Ballard Power Systems?

Summary

How does Electrovaya compare to Enovix?

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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Stock Ideas and Recommendations

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Electrovaya (ELVA) Competitors

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

How does Electrovaya compare to Ballard Power Systems?

Does the media favor ELVA or BLDP?

Do analysts recommend ELVA or BLDP?

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

Which has more volatility and risk, ELVA or BLDP?

Is ELVA or BLDP more profitable?

Which has better valuation & earnings, ELVA or BLDP?

Summary

How does Electrovaya compare to Enovix?

Does the media refer more to ENVX or ELVA?

Which has more risk & volatility, ENVX or ELVA?

Do analysts prefer ENVX or ELVA?

Is ENVX or ELVA more profitable?

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

Which has higher valuation & earnings, ENVX or ELVA?

Summary

How does Electrovaya compare to Energizer?

Which has more volatility and risk, ELVA or ENR?

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

Does the media favor ELVA or ENR?

Do analysts prefer ELVA or ENR?

Is ELVA or ENR more profitable?

Which has higher earnings & valuation, ELVA or ENR?

Summary

How does Electrovaya compare to FREYR Battery?

Is FREY or ELVA more profitable?

Do analysts prefer FREY or ELVA?

Which has more volatility and risk, FREY or ELVA?

Which has stronger valuation and earnings, FREY or ELVA?

Does the media refer more to FREY or ELVA?

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

Summary

How does Electrovaya compare to Energy Vault?

Is ELVA or NRGV more profitable?

Do analysts prefer ELVA or NRGV?

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

Which has more volatility & risk, ELVA or NRGV?

Which has preferable valuation and earnings, ELVA or NRGV?

Does the media favor ELVA or NRGV?

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