Electrovaya Inc. (ELVA)
NASDAQ: ELVA · Real-Time Price · USD
6.09
-0.51 (-7.73%)
At close: Sep 26, 2025, 4:00 PM EDT
6.12
+0.03 (0.49%)
After-hours: Sep 26, 2025, 6:39 PM EDT
Electrovaya Stock Forecast
Stock Price Forecast
The 4 analysts that cover Electrovaya stock have a consensus rating of "Strong Buy" and an average price target of $6.13, which forecasts a 0.66% increase in the stock price over the next year. The lowest target is $4.50 and the highest is $10.
Price Target: $6.13 (+0.66%)
Analyst Consensus: Strong Buy
* Price targets were last updated on Feb 14, 2025.
Analyst Ratings
The average analyst rating for Electrovaya stock is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Apr '25 | May '25 | Jun '25 | Jul '25 | Aug '25 | Sep '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 5 | 5 | 5 | 4 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 5 | 5 | 5 | 5 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Roth MKM | Roth MKM | Strong Buy Reiterates $4 → $5 | Strong Buy | Reiterates | $4 → $5 | -17.90% | Feb 14, 2025 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $10 | Strong Buy | Reiterates | $10 | +64.20% | Feb 14, 2025 |
| Raymond James | Raymond James | Strong Buy Initiates $4.5 | Strong Buy | Initiates | $4.5 | -26.11% | Jan 23, 2025 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Maintains $16 → $10 | Strong Buy | Maintains | $16 → $10 | +64.20% | Dec 13, 2024 |
| Alliance Global Partners | Alliance Global Partners | Strong Buy Initiates $5 | Strong Buy | Initiates | $5 | -17.90% | Sep 26, 2024 |
Financial Forecast
Revenue This Year
65.32M
from 44.62M
Increased by 46.40%
Revenue Next Year
95.42M
from 65.32M
Increased by 46.08%
EPS This Year
0.25
from -0.04
EPS Next Year
0.22
from 0.25
Decreased by -12.12%
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|
| High | 70.4M | 110.3M | ||||
| Avg | 65.3M | 95.4M | ||||
| Low | 60.4M | 83.7M |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|
| High | 57.7% | 68.8% | ||||
| Avg | 46.4% | 46.1% | ||||
| Low | 35.3% | 28.1% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|
| High | 0.74 | 0.42 | ||||
| Avg | 0.25 | 0.22 | ||||
| Low | 0.07 | 0.12 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|
| High | - | 66.4% | ||||
| Avg | - | -12.1% | ||||
| Low | - | -53.4% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.