Electrovaya Inc. (ELVA)
| Market Cap | 109.01M |
| Revenue (ttm) | 43.69M |
| Net Income (ttm) | -1.70M |
| Shares Out | 40.09M |
| EPS (ttm) | -0.05 |
| PE Ratio | n/a |
| Forward PE | 18.04 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 35,227 |
| Open | 2.750 |
| Previous Close | 2.710 |
| Day's Range | 2.580 - 2.750 |
| 52-Week Range | 1.670 - 3.950 |
| Beta | 1.42 |
| Analysts | Strong Buy |
| Price Target | 6.10 (+136.43%) |
| Earnings Date | May 12, 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... [Read more]
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.
Financial StatementsAnalyst 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 136.43% from the latest price.
News
Electrovaya Secures $20M Credit Facility from Bank of Montreal to Accelerate Growth and Reduce Costs
Three year term includes an accordion of US$5.0 million expansion option to fuel future growth Lower-cost facility replaces existing debt, reducing servicing costs Supports operations in both the Unit...
Electrovaya Closes $50.8 Million Direct Loan with Export-Import Bank of the United States (“EXIM”) to Expand U.S. Battery Manufacturing
Funding Under EXIM‘s Make More in America Initiative to Fuel Expansion of Electrovaya's Jamestown Battery Manufacturing Facility Combination of EXIM Funding with $20 million BMO Credit Facility and $1...
Electrovaya Wins Orders From Second Global Japanese Headquartered Construction Equipment OEM
Orders placed through Sumitomo Corporation Power & Mobility for high-voltage battery systems to be used by a Major Japanese Headquartered OEM's Vehicle Project TORONTO, ON / ACCESS Newswire / March 6,...
Electrovaya Receives Additional US$4.2 Million Battery Order for Existing Cold Storage Operator
Repeat order represents over $13 million in purchases by this end user with further plans to add incremental batteries to their existing facilities as well as batteries for new construction sites ...
Electrovaya Announces April 2025 Startup for Jamestown Battery System Assembly Operations
The Initial Assembly of Battery Systems is Part of a Larger Planned Investment in Jamestown, New York. JAMESTOWN, NY / ACCESS Newswire / March 3, 2025 / Electrovaya Inc. ("Electrovaya" or the "Company...
Electrovaya, Inc. (ELVA) Q1 2025 Earnings Call Transcript
Electrovaya, Inc. (NASDAQ:ELVA) Q1 2025 Earnings Conference Call February 13, 2025 5:00 PM ET Company Participants John Gibson - CFO Raj DasGupta - CEO Conference Call Participants Daniel Magder - Ra...
Electrovaya Reports Q1 Fiscal Year 2025 Results
Revenue of $11.2M and Positive Adjusted EBITDA for Seventh Consecutive Quarter Strengthened Balance Sheet and improved financial position Significant Progress in Closing EXIM and Bank Financing to sup...
Electrovaya Announces Date for Q1-2025 Financial Results & Conference Call
TORONTO, ON / ACCESS Newswire / February 3, 2025 / Electrovaya Inc. (Nasdaq:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, announces that it will file and release...
Electrovaya Announces Commencement of Jamestown Battery Manufacturing Facility Capital Purchases and Hiring
JAMESTOWN, NY / ACCESSWIRE / January 14, 2025 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, is please...
Electrovaya Inc. Closes Full Exercise of Over-Allotment Option for an Additional US$1.7 Million
TORONTO, ON / ACCESSWIRE / December 18, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, is pleased...
Electrovaya Inc. Closes US$11.1 Million Public Offering of Common Shares
TORONTO, ON / ACCESSWIRE / December 18, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, has succes...
Electrovaya Inc. Announces Pricing of US$11.1 Million Public Offering of Common Shares
TORONTO, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Electrovaya Inc. (“Electrovaya” or the “Company”) (NASDAQ: ELVA; TSX: ELVA), a leading lithium-ion battery technology and manufacturing company, announced to...
UL2580 Recognition for Electrovaya's Lithium Iron Phosphate Infinity Cell
TORONTO, ON / ACCESSWIRE / December 16, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (Nasdaq:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, is proud t...
Electrovaya Inc. (ELVA) Q4 2024 Earnings Call Transcript
Electrovaya Inc. (NASDAQ:ELVA) Q4 2024 Earnings Conference Call December 12, 2024 5:00 PM ET Company Participants John Gibson - Chief Financial Officer Raj DasGupta - Chief Executive Officer Conferen...
Electrovaya Reports Fiscal Year 2024 Results
Revenue of $44.6M with $4M Adjusted EBITDA1 (6th Consecutive Positive Quarter) Historic Positive Cash Flow from Operations and Improved Gross Margins Approval of $51million direct loan from The Export...
Electrovaya Announces Date for Q4 and FY-2024 Financial Results & Conference Call
TORONTO, ON / ACCESSWIRE / December 6, 2024 / Electrovaya Inc. (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, announces that it will file and release its ...
Electrovaya to Host Investor Webcast on December 5, 2024
TORONTO, ON / ACCESSWIRE / December 4, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a lithium ion battery technology and manufacturing company, today announced tha...
Electrovaya Receives Purchase Orders for Batteries From Fortune 500 Customer for Re-Powering Two Existing Distribution Centers
Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, today announced it has received a purchase order valued a...
Electrovaya Provides a Shareholder Update including Unaudited Preliminary FY2024 Annual Financial Results and Positive Outlook for 2025
Unaudited FY2024 Revenue Estimate of approximately $45 million with a Gross Margin of 31% Expects FY 2024 Year Operating Profit and Improved Adjusted EBITDA Expects FY2025 Revenues to Exceed $60 milli...
Electrovaya Receives Follow On Orders for High Voltage Battery Systems from Global Aerospace and Defense Company Following Extensive Testing
Electrovaya's High Voltage Battery Systems demonstrated strong reliability and performance in mission critical off-road defense application over several months of extensive testing TORONTO, ON / ACCES...
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" ...