Electrovaya Inc. (ELVA)
NASDAQ: ELVA · Real-Time Price · USD
6.61
+0.12 (1.85%)
At close: Sep 18, 2026, 4:00 PM EDT
6.38
-0.23 (-3.48%)
After-hours: Sep 18, 2026, 7:30 PM EDT
Electrovaya Stock Forecast
Stock Price Forecast
According to 6 analysts polled by S&P Global, Electrovaya stock has a consensus rating of "Strong Buy" and an average price target of $14.6. The average 1-year stock price forecast is 120.88% higher than the current stock price, while the lowest is $11 (+66.41%) and the highest is $20 (+202.57%).
Price Target: $14.6 (+120.88%)
Analyst Consensus: Strong Buy
Price Target
Chart* Price targets were last updated on Aug 12, 2026.
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 '26 | May '26 | Jun '26 | Jul '26 | Aug '26 | Sep '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 6 | 6 | 6 | 6 | 6 | 6 |
| 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 | 6 | 6 | 6 | 6 | 6 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Craig-Hallum | Craig-Hallum | Buy Reiterates $14 → $11 | Buy | Reiterates | $14 → $11 | +66.41% | Aug 12, 2026 |
Unknown Analyst Oppenheimer No rating | Oppenheimer | Buy Maintains $14 → $13 | Buy | Maintains | $14 → $13 | +96.67% | Aug 12, 2026 |
| H.C. Wainwright | H.C. Wainwright | Buy Maintains $15 | Buy | Maintains | $15 | +126.93% | Aug 12, 2026 |
| Raymond James | Raymond James | Buy Maintains $14 → $22 | Buy | Maintains | $14 → $22 | +232.83% | Jul 16, 2026 |
| Roth MKM | Roth MKM | Buy Reiterates $20 | Buy | Reiterates | $20 | +202.57% | Jul 15, 2026 |
Financial Forecast
Revenue This Year
71.05M
from 63.83M
Increased by 11.32%
Revenue Next Year
104.73M
from 71.05M
Increased by 47.40%
EPS This Year
0.08
from 0.08
Increased by 2.09%
EPS Next Year
0.27
from 0.08
Increased by 235.50%
EPS and Forward PE are based on non-GAAP adjusted numbers.