Electrovaya Inc. (ELVA)
| Market Cap | 77.52M |
| Revenue (ttm) | 49.49M |
| Net Income (ttm) | 592,000 |
| Shares Out | 34.14M |
| EPS (ttm) | 0.02 |
| PE Ratio | 130.94 |
| Forward PE | 56.34 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 15,805 |
| Open | 2.293 |
| Previous Close | 2.320 |
| Day's Range | 2.280 - 2.333 |
| 52-Week Range | 1.670 - 4.580 |
| Beta | 1.38 |
| Analysts | Strong Buy |
| Price Target | 8.75 (+277.16%) |
| Earnings Date | Dec 31, 2024 |
About ELVA
Electrovaya Inc. engages in the design, development, manufacture, and sale of lithium-ion batteries, battery management systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications in North America. It offers lithium-ion batteries and systems for materials handling electric vehicles, including forklifts and automated guided vehicles, as well as battery chargers to charge the batteries; electromotive power products for electric trucks, electric buses, and other transportation applica... [Read more]
Financial Performance
In 2023, Electrovaya's revenue was $44.06 million, an increase of 170.80% compared to the previous year's $16.27 million. Losses were -$1.48 million, -83.94% less than in 2022.
Financial StatementsAnalyst Forecast
According to 4 analysts, the average rating for ELVA stock is "Strong Buy." The 12-month stock price forecast is $8.75, which is an increase of 277.16% from the latest price.
News
The Export-Import Bank of the United States (EXIM) Approves a direct loan in the amount of $50.8 million to fund Electrovaya's Jamestown Lithium-Ion Battery Expansion
Funding under EXIM‘s Make More in America initiative will fund equipment, engineering and setup costs for Electrovaya's Jamestown Battery Manufacturing Facility JAMESTOWN, NY / ACCESSWIRE / November 1...
Electrovaya Receives US$3.5 million Order for Batteries for Use by Existing Fortune 100 Customer
Customer is largest global end user of Company's batteries with more than 30 warehouse locations operating vehicles powered by Electrovaya batteries TORONTO, ON / ACCESSWIRE / November 12, 2024 / Elec...
Electrovaya Named One of Canada's Clean Technology Winners in Deloitte's Technology Fast 50TM Program
TORONTO, ON / ACCESSWIRE / November 7, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, is pleased ...
Electrovaya to Attend Two Investor Conferences
-15th Annual Craig-Hallum Alpha Select Conference- -UBS Global Industrials & Transportation Conference- TORONTO, ON / ACCESSWIRE / November 5, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") ...
Electrovaya Receives Funding from the Government of Canada
C$2 million in funding to support investments in Electrovaya's Canadian facility for automation and capacity enhancements TORONTO, ON / ACCESSWIRE / October 17, 2024 / Electrovaya Inc. ("Electrovaya" ...
Electrovaya and Innovative Rail Technologies Enter into Strategic Supply Agreement for the Supply of Battery Systems for Electric Rail Applications
Electrovaya to supply battery systems for IRT's full electric locomotives serving a variety of rail applications including industrial operations, ports, short line railroads, defense, and commuter rai...
Electrovaya Receives Initial Purchase Orders from Global Japanese Construction Equipment Manufacturer
Entry into a new market sector of construction vehicles and new geographical market of Japan TORONTO, ON / ACCESSWIRE / September 10, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:E...
Electrovaya Inc. (ELVA) Q3 2024 Earnings Call Transcript
Electrovaya Inc. (NASDAQ:ELVA) Q3 2024 Earnings Conference Call August 13, 2024 5:00 PM ET Company Participants Rajshekar DasGupta - CEO John Gibson - CFO Conference Call Participants Eric Stine - Cr...
Electrovaya Reports Third Quarter FY2024 Financial Results
Continued gross margin growth, Revenue of $10.3 million, Adjusted EBITDA1 of $0.6 million. Progress in meeting strategic financing objectives including refinancing existing working capital facilities ...
Electrovaya Announces Date for Q3-2024 Financial Results & Conference Call
TORONTO, ON / ACCESSWIRE / August 5, 2024 / Electrovaya Inc. (Nasdaq:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, announces that it will file and release its th...
Electrovaya's High Voltage Battery System Passes Fire Propagation Testing
Electrovaya's Infinity Technology has demonstrated effectiveness in preventing cell to cell propagation in two high voltage fire propagation tests. This showcases the technology's ability to make lith...
Electrovaya Announces Update to Its Solid-State Battery Development
Development of a Lithium Ion Conducting Ceramic with leading performance; Development of an improved separator membrane that utilizes the in-house ceramics; Plan to start shipping prototypes to a majo...
Electrovaya Launches Lithium Iron Phosphate (LFP) Based Infinity Cell
Expanding Electrovaya's addressable market with the New Infinity LFP cells TORONTO, ON / ACCESSWIRE / June 12, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (Nasdaq:ELVA)(TSX:ELVA), a leadi...
Electrovaya Inc. (ELVA) Q2 2024 Earnings Call Transcript
Electrovaya Inc. (NASDAQ:ELVA) Q2 2024 Earnings Conference Call May 14, 2024 8:00 AM ET Company Participants John Gibson - CFO Rajshekar DasGupta - CEO Conference Call Participants Eric Stine - Craig...
Electrovaya Reports Second Quarter FY2024 Financial Results
$1.5 million in Adjusted EBITDA1, bringing the trailing 12 month Adjusted EBITDA1 to $5.8 million Revenue of $10.7 million and Gross Margins improved by 1240 basis points year over year to 35% Operati...
Electrovaya Announces Rescheduling of Q2-2024 Financial Results & Conference Call
TORONTO, ON / ACCESSWIRE / May 13, 2024 / Electrovaya Inc. (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, announces that it will file and release its seco...
Electrovaya Presenting at the Upcoming EXIM Bank Annual Conference
90th Anniversary Annual Conference of Export-Import Bank of the United States(EXIM) in Washington DC TORONTO, ON / ACCESSWIRE / May 6, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:...
Electrovaya Announces date for Q2-2024 Financial Results & Conference Call
TORONTO, ON / ACCESSWIRE / May 2, 2024 / Electrovaya Inc. (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, announces that it will file and release its secon...
Electrovaya and Sumitomo Corporation Power & Mobility Enter into Supply Agreement for Electrovaya Lithium Ion Battery Products
Sumitomo Corporation Power & Mobility, a 100% subsidiary of Sumitomo Corporation and Electrovaya have expanded their sales partnership with a formal supply agreement with the intention to supply batte...
Electrovaya to Host a Battery Technology & Investor Day
TORONTO, ON / ACCESSWIRE / April 19, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a lithium-ion battery technology and manufacturing company, is pleased to announc...
Electrovaya Announces Results of Annual Meeting of Shareholders
TORONTO, ON / ACCESSWIRE / April 1, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a lithium-ion battery technology and manufacturing company, is pleased to announce...
Electrovaya Announces Integration of Wireless Charging for its Batteries
Electrovaya's batteries have been successfully integrated and tested with wireless chargers TORONTO, ON / ACCESSWIRE / March 11, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(...
Electrovaya to Present at Upcoming Investor Conferences in March
TORONTO, ON / ACCESSWIRE / March 5, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, today announce...
Electrovaya Announces Receipt of UL Functional Safety Approval for Next Generation Battery Management System
Generation V BMS System Optimized for new Electrovaya's High Voltage Applications has achieved UL991 and UL 1998 Recognition TORONTO, ON / ACCESSWIRE / February 27, 2024 / Electrovaya Inc. ("Electrova...
Electrovaya Announces Increase in Credit Facility to C$22 million
Increase in availability by C$6 million from current working capital facility with an 18 month term also including uncommitted accordions to increase the facility to C$26 million TORONTO, ON / ACCESSW...