Electrovaya Inc. (ELVA)

Market Cap	124.36M
Revenue (ttm)	48.02M
Net Income (ttm)	-30,000
Shares Out	40.09M
EPS (ttm)	-0.00
PE Ratio	n/a
Forward PE	26.58
Dividend	n/a
Ex-Dividend Date	n/a

Volume	31,648
Open	3.180
Previous Close	3.130
Day's Range	3.150 - 3.180
52-Week Range	1.670 - 3.440
Beta	2.00
Analysts	Strong Buy
Price Target	6.10 (+93.65%)
Earnings Date	May 14, 2025

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. The company operates infinity battery cells technology comprising of low and high voltage systems. It also operates solid state battery technology. The company was formerly known as Electrofuel Inc. and changed its name to Electrovaya Inc. in March 2002. Electrovaya Inc. was incorporated...

• Industry: Electrical Equipment & Parts
• Sector: Industrials
• Founded: 1996
• Employees: 97
• Stock Exchange: NASDAQ
• Ticker Symbol: ELVA
• Website: https://electrovaya.com

Financial Performance

In 2024, Electrovaya's revenue was $44.62 million, an increase of 1.26% compared to the previous year's $44.06 million. Losses were -$1.49 million, 0.41% more than in 2023.

Analyst Forecast

According to 5 analysts, the average rating for ELVA stock is "Strong Buy." The 12-month stock price forecast is $6.1, which is an increase of 93.65% from the latest price.

Price Target

$6.1

(93.65% upside)

Analyst Consensus: Strong Buy