Electrovaya (ELVA) Stock Price, News & Analysis

Company Overview

Electrovaya is a Canada-based energy storage company that designs and manufactures advanced lithium-ion battery systems and components. The company’s core business revolves around the development of proprietary electrode and cell technologies that deliver high energy density, rapid charge capability and enhanced safety features. Electrovaya’s product portfolio encompasses large-format battery cells, modules, complete battery packs and integrated energy storage systems tailored to industrial, commercial and utility-scale applications.

In the industrial sector, Electrovaya supplies modular battery systems for material-handling equipment such as electric forklifts, automated guided vehicles and airport ground support vehicles. The company also provides turnkey electric mobility solutions, including bus and coach battery packs, and offers fleet charging infrastructure through its eScout smart charging platform. For stationary energy projects, Electrovaya deploys containerized energy storage units designed for peak-shaving, microgrid support and renewable energy integration.

Underlying Electrovaya’s offerings is its patented NanoSafe® silicon nanoparticle coating technology, which enhances cell longevity, thermal stability and cyclic performance. This technology platform enables the company to deliver cells that can withstand fast-charging profiles and extended duty cycles, addressing the reliability and safety requirements of demanding commercial and grid-tied applications.

Founded in 1996 and headquartered in Mississauga, Ontario, Electrovaya operates research and manufacturing facilities in North America. The company’s solutions have been adopted across multiple geographies, including the United States, Europe and Asia, by original equipment manufacturers and end-users seeking to electrify fleets and bolster energy resiliency. Electrovaya is publicly traded on the NASDAQ under the symbol ELVA.

Key Stats

• Today's Range: $6.43 to $6.92
• 50-Day Range: $4.52 to $7.61
• 52-Week Range: $1.73 to $7.72
• Volume: 278,014 shs
• Average Volume: 192,892 shs
• Market Capitalization: $266.21 million
• P/E Ratio: 220.91
• Dividend Yield: N/A
• Price Target: $6.50
• Consensus Rating: Moderate Buy

Electrovaya Stock Analysis - MarketRank™

Electrovaya scored higher than 38% of companies evaluated by MarketBeat, and ranked 496th out of 660 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.7 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Electrovaya has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 2 buy ratings, 1 hold rating, and 1 sell rating.

Upside/Downside

The consensus price target for Electrovaya is close to its current price, suggesting limited near-term upside or downside.

Amount of Analyst Coverage

Electrovaya has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 220.00%

Earnings Growth

Earnings for Electrovaya are expected to grow by 220.00% in the coming year, from $0.10 to $0.32 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Electrovaya is 220.91, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 79.15.

Price to Earnings Ratio vs. Sector

The P/E ratio of Electrovaya is 220.91, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 730.54.

Price to Book Value per Share Ratio

Electrovaya has a P/B Ratio of 26.55. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.87% 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 0.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Electrovaya has recently increased by 61.89%, indicating that investor sentiment is decreasing 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.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.87% 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 0.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Electrovaya has recently increased by 61.89%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.5 / 5
• News Sentiment: 1.35

News Sentiment

Electrovaya has a news sentiment score of 1.35. 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 0.73 average news sentiment score of Computer and Technology 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 13 people have searched for ELVA on MarketBeat in the last 30 days. This is a decrease of -7% compared to the previous 30 days.

MarketBeat Follows

2 people have added Electrovaya to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 0.0 / 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

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

ELVA Stock Analysis - Frequently Asked Questions

How have ELVA shares performed this year?

Electrovaya's stock was trading at $2.48 on January 1st, 2025. Since then, ELVA shares have increased by 167.6% and is now trading at $6.6370.

How were Electrovaya's earnings last quarter?

Electrovaya Inc. (NASDAQ:ELVA) issued its quarterly earnings results on Wednesday, August, 13th. The company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.04 by $0.02. The firm had revenue of $17.13 million for the quarter, compared to analysts' expectations of $17.25 million. Electrovaya had a net margin of 2.19% and a trailing twelve-month return on equity of 6.66%.
Read the conference call transcript.

Who are Electrovaya's major shareholders?

Top institutional shareholders of Electrovaya include Calamos Advisors LLC (0.18%) and Global Retirement Partners LLC (0.02%).

How do I buy shares of Electrovaya?

Shares of ELVA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Electrovaya own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Electrovaya investors own include Medical Properties Trust (MPW), Oxford Square Capital (OXSQ), Abrdn Global Infrastructure Income Fund (ASGI), Aberdeen Total Dynamic Dividend Fund (AOD), Annaly Capital Management (NLY), Realty Income (O) and Oxford Lane Capital (OXLC).

Company Calendar

• Last Earnings: 8/13/2025
• Today: 10/24/2025
• Next Earnings (Estimated): 12/11/2025
• Fiscal Year End: 9/30/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: ELEC PRODS - MISC
• Sub-Industry: Electrical Equipment
• Current Symbol: NASDAQ:ELVA
• Previous Symbol: NASDAQ:ELVA
• CIK: 1844450
• Web: electrovaya.com
• Phone: 905-855-4610
• Fax: N/A
• Employees: 97
• Year Founded: 1996

Price Target and Rating

• Average Price Target for Electrovaya: $6.50
• High Price Target: $10.00
• Low Price Target: $4.50
• Potential Upside/Downside: +0.2%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.60
• Research Coverage: 5 Analysts

Profitability

• EPS (Trailing Twelve Months): $0.03
• Trailing P/E Ratio: 216.27
• Forward P/E Ratio: 64.85
• P/E Growth: N/A
• Net Income: -$1.49 million
• Net Margins: 2.19%
• Pretax Margin: 2.19%
• Return on Equity: 6.66%
• Return on Assets: 2.61%

Debt

• Debt-to-Equity Ratio: 0.91
• Current Ratio: 4.03
• Quick Ratio: 2.88

Sales & Book Value

• Annual Sales: $44.62 million
• Price / Sales: 5.83
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $0.25 per share
• Price / Book: 25.94

Miscellaneous

• Outstanding Shares: 40,110,000
• Free Float: N/A
• Market Cap: $260.11 million
• Optionable: Not Optionable
• Beta: 1.54