Electrovaya Inc. (ELVA)
NASDAQ: ELVA · Real-Time Price · USD
7.92
+0.19 (2.46%)
Dec 24, 2025, 4:00 PM EST - Market closed
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 $8.38, which forecasts a 5.81% increase in the stock price over the next year. The lowest target is $4.50 and the highest is $14.
Price Target: $8.38 (+5.81%)
Analyst Consensus: Strong Buy
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 | Jul '25 | Aug '25 | Sep '25 | Oct '25 | Nov '25 | Dec '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 5 | 5 | 5 | 3 |
| Buy | 0 | 0 | 0 | 0 | 0 | 1 |
| 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 |
|---|---|---|---|---|---|---|---|
| Oppenheimer | Oppenheimer | Buy Initiates $14 | Buy | Initiates | $14 | +76.77% | Dec 18, 2025 |
| Roth MKM | Roth MKM | Strong Buy Reiterates $4 → $5 | Strong Buy | Reiterates | $4 → $5 | -36.87% | Feb 14, 2025 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $10 | Strong Buy | Reiterates | $10 | +26.26% | Feb 14, 2025 |
| Raymond James | Raymond James | Strong Buy Initiates $4.5 | Strong Buy | Initiates | $4.5 | -43.18% | Jan 23, 2025 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Maintains $16 → $10 | Strong Buy | Maintains | $16 → $10 | +26.26% | Dec 13, 2024 |
Financial Forecast
Revenue This Year
89.48M
from 63.83M
Increased by 40.20%
Revenue Next Year
134.08M
from 89.48M
Increased by 49.84%
EPS This Year
0.18
from 0.08
Increased by 121.00%
EPS Next Year
0.33
from 0.18
Increased by 84.62%
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| High | 100.4M | 157.5M | |||
| Avg | 89.5M | 134.1M | |||
| Low | 81.3M | 119.0M |
Revenue Growth
| Revenue Growth | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| High | 57.2% | 76.0% | |||
| Avg | 40.2% | 49.8% | |||
| Low | 27.4% | 33.0% |
EPS Forecast
| EPS | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| High | 0.23 | 0.38 | |||
| Avg | 0.18 | 0.33 | |||
| Low | 0.10 | 0.27 |
EPS Growth
| EPS Growth | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| High | 188.8% | 113.8% | |||
| Avg | 121.0% | 84.6% | |||
| Low | 22.5% | 55.2% |
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.