Electrovaya (ELVA) Stock Price, News & Analysis

Company Overview

Electrovaya Inc. is a Canadian battery technology company that develops and manufactures lithium-ion batteries, battery systems and related energy-storage solutions. Its technologies are designed to provide high energy density, long cycle life and enhanced safety for applications that require reliable rechargeable power.

The company’s products serve markets including electric material-handling equipment, such as industrial forklifts, as well as electric mobility, transportation and stationary energy storage. Electrovaya offers battery modules, battery packs and complete systems that can be integrated into commercial and industrial equipment.

Electrovaya was founded in 1996 and is headquartered in Ontario, Canada. The company serves customers in North America, Europe and other international markets through its commercial and technology relationships. Its leadership includes founder and Chief Executive Officer Dr. Jeremy Dang.

Key Stats

• Today's Range: $5.65 to $5.84
• 50-Day Range: $5.75 to $9.71
• 52-Week Range: $4.10 to $12.78
• Volume: 531,637 shs
• Average Volume: 348,188 shs
• Market Capitalization: $287.50 million
• P/E Ratio: 52.28
• Dividend Yield: N/A
• Price Target: $17.50
• Consensus Rating: Moderate Buy

Electrovaya Stock Analysis - MarketRank™

Electrovaya scored higher than 86% of companies evaluated by MarketBeat, and ranked 220th out of 661 stocks in the industrials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.2 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Electrovaya has received a consensus rating of Moderate Buy. The company's average rating score is 2.83, and is based on 1 strong buy rating, 3 buy ratings, 2 hold ratings, and no sell ratings.

Upside Potential

Electrovaya has a consensus price target of $17.50, representing about 204.3% upside from its current price of $5.75.

Amount of Analyst Coverage

Electrovaya has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 250.00%

Earnings Growth

Earnings for Electrovaya are expected to grow by 250.00% in the coming year, from $0.06 to $0.21 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Electrovaya is 52.28, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 39.06.

Price to Earnings Ratio vs. Sector

The P/E ratio of Electrovaya is 52.28, which means that it is trading at a more expensive P/E ratio than the Industrials sector average P/E ratio of about 26.75.

Price to Earnings Growth Ratio

Electrovaya has a PEG Ratio of 0.46. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Electrovaya has a P/B Ratio of 7.77. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

7.93% of the float of Electrovaya has been sold short.

Short Interest Ratio / Days to Cover

Electrovaya has a short interest ratio ("days to cover") of 11.08, which indicates bearish sentiment.

Change versus previous month

Short interest in Electrovaya has recently decreased by 9.10%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Electrovaya does not currently pay a dividend.

Dividend Growth

Electrovaya does not have a long track record of dividend growth.

News and Social Media

• Score: 3.6 / 5
• News Sentiment: 0.78

News Sentiment

Electrovaya has a news sentiment score of 0.78. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.52 average news sentiment score of Industrials companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Electrovaya this week, compared to 3 articles on an average week.

Search Interest

Only 4 people have searched for ELVA on MarketBeat in the last 30 days. This is a decrease of -56% compared to the previous 30 days.

MarketBeat Follows

3 people have added Electrovaya to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

Company Ownership

• Score: 0.3 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Electrovaya insiders have not sold or bought any company stock.

Percentage Held by Institutions

22.47% of the stock of Electrovaya is held by institutions.

Company Calendar

• Last Earnings: 8/10/2026
• Today: 10/10/2026
• Next Earnings (Estimated): 12/09/2026
• Fiscal Year End: 9/30/2027

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Industrials
• Industry: Electrical Equipment
• Sub-Industry: Electrical Components & Equipment
• Current Symbol: NASDAQ:ELVA
• Previous Symbol: NASDAQ:ELVA
• CIK: 1844450
• Web: electrovaya.com
• Phone: 905-855-4610
• Fax: N/A
• Employees: 123
• Year Founded: 1996

Price Target and Rating

• Average Price Target for Electrovaya: $17.50
• High Price Target: $22.00
• Low Price Target: $13.00
• Potential Upside/Downside: +204.3%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.83
• Research Coverage: 6 Analysts

Profitability

• EPS (Trailing Twelve Months): $0.11
• Trailing P/E Ratio: 52.28
• Forward P/E Ratio: 95.83
• P/E Growth: 0.46
• Net Income: $3.36 million
• Net Margins: 6.14%
• Pretax Margin: 3.14%
• Return on Equity: 7.96%
• Return on Assets: 4.54%

Debt

• Debt-to-Equity Ratio: 0.60
• Current Ratio: 7.53
• Quick Ratio: 5.72

Sales & Book Value

• Annual Sales: $63.83 million
• Price / Sales: 4.50
• Cash Flow: $0.11 per share
• Price / Cash Flow: 50.62
• Book Value: $0.74 per share
• Price / Book: 7.77

Miscellaneous

• Outstanding Shares: 50,000,000
• Free Float: N/A
• Market Cap: $287.50 million
• Optionable: Not Optionable
• Beta: 1.64