Electrovaya Inc. (ELVA)
| Market Cap | 109.76M |
| Revenue (ttm) | 44.06M |
| Net Income (ttm) | -1.48M |
| Shares Out | 34.09M |
| EPS (ttm) | -0.04 |
| PE Ratio | n/a |
| Forward PE | 19.73 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 16,134 |
| Open | 3.160 |
| Previous Close | 3.200 |
| Day's Range | 3.060 - 3.370 |
| 52-Week Range | 2.340 - 5.500 |
| Beta | 1.41 |
| Analysts | Strong Buy |
| Price Target | 10.25 (+220.31%) |
| Earnings Date | Feb 12, 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 $10.25, which is an increase of 220.31% from the latest price.
News
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...
Electrovaya Reports Revenue of $12.1 Million for Q1 FY2024; Up 41% Y/Y
$0.6 million in Adjusted EBITDA1, the fourth consecutive quarter with positive Adjusted EBITDA Gross Margins improved by 360 basis points to 29% with battery systems exceeding 30% Reaffirmed Fiscal 20...
Electrovaya Announces Date for Q1-2024 Financial Results & Conference Call
TORONTO, ON / ACCESSWIRE / February 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 ...
Electrovaya to Participate in the iAccess Alpha Tax Loss Recovery Summit 2024 - Buyside Best Ideas Virtual Conference on January 9th and 10th, 2024
TORONTO, ON / ACCESSWIRE / January 5, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, today announ...
Electrovaya Reports Record Revenue of $44.1 Million for Fiscal Year 2023; Up 171% Y/Y
Over $3.2 million in Adjusted EBITDA1 with an Operating Profit of $1.2 million for Fiscal 2023; Two-year Revenue CAGR of 100%; Fiscal 2024 Guidance of $65 to 75 million underpinned by increasing order...
Electrovaya Announces Date for Q4 FY-2023 and FY-2023 Financial Results and Conference Call
TORONTO, ON / ACCESSWIRE / January 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 f...
Electrovaya Begins Shipping Infinity-HV Battery Systems
First Shipment Made to Global Aerospace Company TORONTO, ON / ACCESSWIRE / December 26, 2023 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA) a leading lithium-ion battery t...
Electrovaya Named One of Canada's Clean Technology Winners in Deloitte's Technology Fast 50TM Program
TORONTO, ON / ACCESSWIRE / November 8, 2023 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, is pleased ...
Electrovaya Receives Additional US$8 Million Battery Order from Existing Fortune 100 Customer
Repeat order represents over $12 million in purchases by this customer over the last 12 months for material handling electric vehicle batteries TORONTO, ON / ACCESSWIRE / November 7, 2023 / Electrovay...
Electrovaya Announces Three Year Strategic Supply Agreement with Existing and New Global OEM Partners
Expands prior agreement with one of the partners for longer term, higher minimum purchases and adds a new large OEM partner and affiliates TORONTO, ON / ACCESSWIRE / November 2, 2023 / Electrovaya Inc...
Electrovaya to attend the Gabelli Funds - 47th Annual Automotive Symposium, the UBS - Industrials Summit and the Craig-Hallum - Alpha Select Conference
TORONTO, ON / ACCESSWIRE / October 30, 2023 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, announces t...
Electrovaya Appoints Steven Berkenfeld to its Board of Directors
Former Board Chair of Sierra Club Foundation, Barclays Head of cleantech joins Electrovaya's board of directors to enhance climate tech and capital markets depth TORONTO, ON / ACCESSWIRE / October 24,...
Electrovaya's Preliminary FY2023 Revenue of $42.2 Million, Up 113% Y/Y
FY 2023 Revenue In line with Guidance; CAGR of 100% over 2 years TORONTO, ON / ACCESSWIRE / October 3, 2023 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithi...
Electrovaya Provides a Business Update
Improved operational efficiency with increased manufacturing capacity; expansion of engineering capabilities; product updates; management open market share purchases TORONTO, ON / ACCESSWIRE / Septemb...
Electrovaya to Present at the Piper Sandler Growth Frontiers Conference and the H.C Wainwright Annual Global Investment Conference in September
TORONTO, ON / ACCESSWIRE / August 31, 2023 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, announced to...
Electrovaya Reports Q3 FY2023 Results
Improved quarterly revenue, EBITDA and gross margins with positive cash flow year to date Maintains fiscal year revenue guidance of $42 million TORONTO, ON / ACCESSWIRE / August 14, 2023 / Electrovaya...
Electrovaya Announces Date for Q3 2023 Financial Results & Conference Call
TORONTO, ON / ACCESSWIRE / August 7, 2023 / Electrovaya Inc. (NASDAQ:ELVA)(TSX:ELVA), a lithium-ion battery technology and manufacturing company, announces that it will release its third quarter finan...
Electrovaya Provides Update on Planned New York Gigafactory
Over 80% of the first-phase facility costs expected to be covered by government-backed debt TORONTO, ON / ACCESSWIRE / August 2, 2023 / Electrovaya Inc. ("Electrovaya" or the "Company")(NASDAQ:ELVA) (...