ElectrovayaELVA
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 battery longevity. Geographically it earns key revenue from the United States.
Employees: 97
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
0.43% less ownership
Funds ownership: 8.71% [Q2] → 8.28% (-0.43%) [Q3]
6% less funds holding
Funds holding: 16 [Q2] → 15 (-1) [Q3]
14% less capital invested
Capital invested by funds: $7.66M [Q2] → $6.6M (-$1.06M) [Q3]
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
75% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 4
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
HC Wainwright & Co. Amit Dayal 37% 1-year accuracy 43 / 115 met price target | 361%upside $10 | Buy Maintained | 13 Dec 2024 |
Alliance Global Partners Jeff Grampp 23% 1-year accuracy 3 / 13 met price target | 130%upside $5 | Buy Initiated | 26 Sept 2024 |
Financial journalist opinion
Based on 10 articles about ELVA published over the past 30 days