ELVA

Electrovaya
ELVA

$2.25

0.9%

Market Cap: $76.8M

About: Electrovaya Inc designs develop and manufacture proprietary lithium-ion batteries, battery systems, and battery-related products for energy storage, clean electric transportation and other specialized applications. It is a technology-focused company with extensive IP. The company generates revenue from the sale of batteries and battery systems. Business operations are segmented based on large format batteries and others. This technology offers enhanced safety and industry leading battery longevity. Geographically it earns key revenue from the United States.

Employees: 97

0

Funds holding %

of 6,728 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

200% more first-time investments, than exits

New positions opened: 3 | Existing positions closed: 1

14% more funds holding

Funds holding: 14 [Q1] → 16 (+2) [Q2]

4.42% less ownership

Funds ownership: 13.13% [Q1] → 8.71% (-4.42%) [Q2]

25% less repeat investments, than reductions

Existing positions increased: 3 | Existing positions reduced: 4

51% less capital invested

Capital invested by funds: $15.7M [Q1] → $7.66M (-$8.02M) [Q2]

100% less funds holding in top 10

Funds holding in top 10: 1 [Q1] → 0 (-1) [Q2]

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Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$6

167%

upside

Avg. target

$11

389%

upside

High target

$16

611%

upside

2 analyst ratings

2 positive

100%

0 neutral

0%

0 negative

0%

Craig-Hallum Eric Stine 44% 1-year accuracy 11 / 25 met price target	167%upside $6	Buy Maintained	14 Aug 2024
HC Wainwright & Co. Amit Dayal 44% 1-year accuracy 41 / 94 met price target	611%upside $16	Buy Reiterated	14 Aug 2024

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Financial journalist opinion

Electrovaya Receives Initial Purchase Orders from Global Japanese Construction Equipment Manufacturer

Entry into a new market sector of construction vehicles and new geographical market of Japan TORONTO, ON / ACCESSWIRE / September 10, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA.TO), a lithium ion battery technology and manufacturing company, today announced the receipt of its first purchase orders for pre-production battery modules to be provided to a global Japanese headquartered manufacturer of construction equipment. This will be part of an electric excavator program with an estimated scaled production start in 2026.

Electrovaya Receives Initial Purchase Orders from Global Japanese Construction Equipment Manufacturer

Electrovaya Inc. (ELVA) Q3 2024 Earnings Call Transcript

Electrovaya Inc. (NASDAQ:ELVA ) Q3 2024 Earnings Conference Call August 13, 2024 5:00 PM ET Company Participants Rajshekar DasGupta - CEO John Gibson - CFO Conference Call Participants Eric Stine - Craig-Hallum Craig Irwin - ROTH Capital Partners Amit Dayal - H.C. Wainwright Operator Greetings.

Electrovaya Inc. (ELVA) Q3 2024 Earnings Call Transcript

Electrovaya Reports Third Quarter FY2024 Financial Results

Continued gross margin growth, Revenue of $10.3 million, Adjusted EBITDA1 of $0.6 million. Progress in meeting strategic financing objectives including refinancing existing working capital facilities and in negotiations with a US federal agency with regards to financing planned Jamestown, New York lithium-ion battery manufacturing facility TORONTO, ON / ACCESSWIRE / August 13, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, today reported its financial results for fiscal 2024 third quarter ended June 30, 2024 ("Q3 FY2024").

Electrovaya Reports Third Quarter FY2024 Financial Results

Electrovaya Announces Date for Q3-2024 Financial Results & Conference Call

TORONTO, ON / ACCESSWIRE / August 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 third quarter ending June 30, 2024, following the market close on Tuesday, August 13, 2024. This will be followed by a conference call at 5:00 p.m.

Electrovaya Announces Date for Q3-2024 Financial Results & Conference Call

Electrovaya's High Voltage Battery System Passes Fire Propagation Testing

Electrovaya's Infinity Technology has demonstrated effectiveness in preventing cell to cell propagation in two high voltage fire propagation tests. This showcases the technology's ability to make lithium ion batteries safer and prevent thermal runaway in battery systems TORONTO, ON / ACCESSWIRE / July 11, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, today announced that it completed and passed fire propagation testing on two of its high voltage battery systems, each with over 50kWh in capacity.

Electrovaya's High Voltage Battery System Passes Fire Propagation Testing

Electrovaya Announces Update to Its Solid-State Battery Development

Development of a Lithium Ion Conducting Ceramic with leading performance; Development of an improved separator membrane that utilizes the in-house ceramics; Plan to start shipping prototypes to a major automaker this calendar year TORONTO, ON / ACCESSWIRE / June 13, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, today announced an update on its solid-state battery program at its annual Battery Technology Day event. Updates regarding Electrovaya's solid state battery program included the following: Development of a scalable and cost-effective lithium ion conducting ceramic that has demonstrated good performance: ionic conductivity in the range of ~8.10-4 S/cm; and work continues to further improve conductivity and scale up of production.

Electrovaya Announces Update to Its Solid-State Battery Development

Electrovaya Launches Lithium Iron Phosphate (LFP) Based Infinity Cell

Expanding Electrovaya's addressable market with the New Infinity LFP cells TORONTO, ON / ACCESSWIRE / June 12, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (Nasdaq:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, today announced the launch of its first Infinity Series Lithium Ion Phosphate (LFP) based cell at its annual Battery Technology Day event. The newly developed EV-FP-44 cells, features LFP chemistry and retains the key competitive advantages of Electrovaya's Infinity technology with respect to enhanced cycle life and safety, while also providing lower costs.

Electrovaya Launches Lithium Iron Phosphate (LFP) Based Infinity Cell

Electrovaya Inc. (ELVA) Q2 2024 Earnings Call Transcript

Electrovaya Inc. (NASDAQ:ELVA ) Q2 2024 Earnings Conference Call May 14, 2024 8:00 AM ET Company Participants John Gibson - CFO Rajshekar DasGupta - CEO Conference Call Participants Eric Stine - Craig Hallum Craig Irwin - ROTH Capital Markets Amit Dayal - H.C. Wainwright Graham Price - Raymond James Orin Hirschman - AIGH Investment Partners Operator Greetings.

Electrovaya Inc. (ELVA) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Electrovaya Inc. (ELVA) Reports Q2 Loss, Misses Revenue Estimates

Electrovaya Inc. (ELVA) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of $0.03. This compares to break-even earnings per share a year ago.

Electrovaya Inc. (ELVA) Reports Q2 Loss, Misses Revenue Estimates

Electrovaya Reports Second Quarter FY2024 Financial Results

$1.5 million in Adjusted EBITDA1, bringing the trailing 12 month Adjusted EBITDA1 to $5.8 million Revenue of $10.7 million and Gross Margins improved by 1240 basis points year over year to 35% Operating profit of $0.7 million with positive cash flow from operations for the quarter TORONTO, ON / ACCESSWIRE / May 14, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (Nasdaq:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, today reported its financial results for the second quarter fiscal year ended March 31, 2024 ("Q2 FY2024"). All dollar amounts are in U.S. dollars unless otherwise noted.

Electrovaya Reports Second Quarter FY2024 Financial Results

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