Electrovaya Inc. (ELVA)
NASDAQ: ELVA · Real-Time Price · USD
9.74
-0.41 (-4.04%)
At close: Apr 24, 2026, 4:00 PM EDT
9.55
-0.19 (-1.95%)
After-hours: Apr 24, 2026, 7:42 PM EDT
Electrovaya Stock Forecast
Stock Price Forecast
The 1 analyst with a 12-month price forecast for Electrovaya stock has a target of 14, which predicts a 43.74% increase from the current stock price of 9.74.
Price Target: $14 (+43.74%)
Analyst Consensus: Buy
* Price targets were last updated on Dec 18, 2025.
Analyst Ratings
According to 1 stock analyst, the rating for Electrovaya is "Buy". This means that the analyst believes this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Nov '25 | Dec '25 | Jan '26 | Feb '26 | Mar '26 | Apr '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 3 | 3 | 3 | 3 | 0 |
| Buy | 0 | 1 | 1 | 1 | 1 | 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 | 4 | 4 | 4 | 4 | 1 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Oppenheimer | Oppenheimer | Buy Initiates $14 | Buy | Initiates | $14 | +43.74% | Dec 18, 2025 |
| Roth MKM | Roth MKM | Strong Buy Reiterates $4 → $5 | Strong Buy | Reiterates | $4 → $5 | -48.67% | Feb 14, 2025 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $10 | Strong Buy | Reiterates | $10 | +2.67% | Feb 14, 2025 |
| Raymond James | Raymond James | Strong Buy Initiates $4.5 | Strong Buy | Initiates | $4.5 | -53.80% | Jan 23, 2025 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Maintains $16 → $10 | Strong Buy | Maintains | $16 → $10 | +2.67% | Dec 13, 2024 |
Financial Forecast
Revenue This Year
85.96M
from 63.83M
Increased by 34.68%
Revenue Next Year
130.21M
from 85.96M
Increased by 51.48%
EPS This Year
0.14
from 0.08
Increased by 75.31%
EPS Next Year
0.38
from 0.14
Increased by 169.09%
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|
| High | 90.0M | 157.5M | ||||||
| Avg | 86.0M | 130.2M | ||||||
| Low | 81.3M | 114.0M |
Revenue Growth
| Revenue Growth | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|
| High | 41.0% | 83.2% | ||||||
| Avg | 34.7% | 51.5% | ||||||
| Low | 27.4% | 32.6% |
EPS Forecast
| EPS | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|
| High | 0.22 | 0.63 | ||||||
| Avg | 0.14 | 0.38 | ||||||
| Low | 0.11 | 0.25 |
EPS Growth
| EPS Growth | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|
| High | 175.6% | 349.2% | ||||||
| Avg | 75.3% | 169.1% | ||||||
| Low | 34.8% | 74.7% |
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.