ELVA

Electrovaya

2.50 USD
+0.04
1.63%
At close Mar 14, 4:00 PM EDT
1 day
1.63%
5 days
23.76%
1 month
0.00%
3 months
4.17%
6 months
14.68%
Year to date
-1.96%
1 year
-35.90%
5 years
-50.00%
10 years
-50.00%
 

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

0
Funds holding %
of 7,372 funds
0
Analysts bullish %
of 3 analysts

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

700% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 1

163% more capital invested

Capital invested by funds: $6.6M [Q3] → $17.3M (+$10.7M) [Q4]

47% more funds holding

Funds holding: 15 [Q3] → 22 (+7) [Q4]

33% more repeat investments, than reductions

Existing positions increased: 4 | Existing positions reduced: 3

12.27% more ownership

Funds ownership: 8.28% [Q3] → 20.55% (+12.27%) [Q4]

Research analyst outlook

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

Low target
$4.50
80%
upside
Avg. target
$6.50
160%
upside
High target
$10
300%
upside

3 analyst ratings

positive
100%
neutral
0%
negative
0%
Roth MKM
Craig Irwin
22% 1-year accuracy
5 / 23 met price target
100%upside
$5
Buy
Reiterated
14 Feb 2025
HC Wainwright & Co.
Amit Dayal
22% 1-year accuracy
26 / 116 met price target
300%upside
$10
Buy
Reiterated
14 Feb 2025
Raymond James
Daniel Magder
0% 1-year accuracy
0 / 1 met price target
80%upside
$4.50
Strong Buy
Initiated
23 Jan 2025

Financial journalist opinion

Based on 8 articles about ELVA published over the past 30 days

Neutral
Accesswire
5 days ago
Electrovaya Secures $20M Credit Facility from Bank of Montreal to Accelerate Growth and Reduce Costs
Three year term includes an accordion of US$5.0 million expansion option to fuel future growth Lower-cost facility replaces existing debt, reducing servicing costs Supports operations in both the United States and Canada and enables financing from the United States Export-Import Bank ("EXIM") for Jamestown manufacturing investments TORONTO, ONTARIO / ACCESS Newswire / March 10, 2025 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, is pleased to announce that it has closed a credit agreement with the Bank of Montreal Corporate Finance ("BMO") for a senior secured asset based lending facility (the "Facility") which includes a three year term and which includes the following features: Revolving asset based facility of US $20.0 Million Accordion of US $5.0 million to support further growth when required Ancillary credit products for foreign currency hedging and credit cards This facility lowers Electrovaya's cost of capital with reduced interest rates and fees, strengthening its financial position for expansion. The new Facility, with an initial three year term, will support Electrovaya's growth plans over the next few years and includes lending capabilities for both Electrovaya's US and Canadian operations.
Electrovaya Secures $20M Credit Facility from Bank of Montreal to Accelerate Growth and Reduce Costs
Neutral
Accesswire
5 days ago
Electrovaya Closes $50.8 Million Direct Loan with Export-Import Bank of the United States (“EXIM”) to Expand U.S. Battery Manufacturing
Funding Under EXIM‘s Make More in America Initiative to Fuel Expansion of Electrovaya's Jamestown Battery Manufacturing Facility Combination of EXIM Funding with $20 million BMO Credit Facility and $12 Million Equity Capital from December 2024 Provides Electrovaya with Over $80 million for Aggressive U.S. Expansion Electrovaya has Met Substantially All Condition Precedent Requirements to Drawdown on the EXIM Facility JAMESTOWN, NEW YORK / ACCESS Newswire / March 10, 2025 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, is pleased to announce that it has closed a direct loan in the amount of US$50.8 million from the Export-Import Bank of the United States ("EXIM") under the bank's ‘Make More in America' initiative. The Company has also met substantially all of EXIM's condition precedents required to begin drawdowns on the loan.
Electrovaya Closes $50.8 Million Direct Loan with Export-Import Bank of the United States (“EXIM”) to Expand U.S. Battery Manufacturing
Neutral
Accesswire
1 week ago
Electrovaya Wins Orders From Second Global Japanese Headquartered Construction Equipment OEM
Orders placed through Sumitomo Corporation Power & Mobility for high-voltage battery systems to be used by a Major Japanese Headquartered OEM's Vehicle Project TORONTO, ON / ACCESS Newswire / March 6, 2025 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a lithium ion battery technology and manufacturing company, today announced that it has received orders from a second global construction OEM through its partnership with Sumitomo Corporation Power & Mobility ("SCPM"), a 100% subsidiary of Sumitomo Corporation (TYO:8053). This order is for high voltage battery systems for a leading global Japanese headquartered construction equipment manufacturer.
Electrovaya Wins Orders From Second Global Japanese Headquartered Construction Equipment OEM
Neutral
Accesswire
1 week ago
Electrovaya Receives Additional US$4.2 Million Battery Order for Existing Cold Storage Operator
Repeat order represents over $13 million in purchases by this end user with further plans to add incremental batteries to their existing facilities as well as batteries for new construction sites     TORONTO, ON / ACCESS Newswire / March 4, 2025 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, today announced it has received a purchase order through its OEM sales channel valued at approximately US$4.2 million. The batteries will be used by a rapidly growing cold storage third party logistics operator in the United States for powering material handling electric vehicles.
Electrovaya Receives Additional US$4.2 Million Battery Order for Existing Cold Storage Operator
Neutral
Accesswire
1 week ago
Electrovaya Announces April 2025 Startup for Jamestown Battery System Assembly Operations
The Initial Assembly of Battery Systems is Part of a Larger Planned Investment in Jamestown, New York. JAMESTOWN, NY / ACCESS Newswire / March 3, 2025 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, is pleased to announce that it is completing preparations to be in a position to startup the first phase of battery system manufacturing operations in April 2025, earlier than initially planned.
Electrovaya Announces April 2025 Startup for Jamestown Battery System Assembly Operations
Neutral
Seeking Alpha
4 weeks ago
Electrovaya, Inc. (ELVA) Q1 2025 Earnings Call Transcript
Electrovaya, Inc. (NASDAQ:ELVA ) Q1 2025 Earnings Conference Call February 13, 2025 5:00 PM ET Company Participants John Gibson - CFO Raj DasGupta - CEO Conference Call Participants Daniel Magder - Raymond James Eric Stine - Craig-Hallum Craig Irwin - Roth Capital Jeffrey Campbell - Seaport Research Partners Jeff Grampp - Alliance Global Partners Amit Dayal - H.C. Wainwright Operator Greetings.
Electrovaya, Inc. (ELVA) Q1 2025 Earnings Call Transcript
Negative
Zacks Investment Research
4 weeks ago
Electrovaya Inc. (ELVA) Reports Q1 Loss, Lags Revenue Estimates
Electrovaya Inc. (ELVA) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to break-even earnings per share a year ago.
Electrovaya Inc. (ELVA) Reports Q1 Loss, Lags Revenue Estimates
Neutral
Accesswire
4 weeks ago
Electrovaya Reports Q1 Fiscal Year 2025 Results
Revenue of $11.2M and Positive Adjusted EBITDA for Seventh Consecutive Quarter Strengthened Balance Sheet and improved financial position Significant Progress in Closing EXIM and Bank Financing to support US Manufacturing Expansion and Overall Growth Plans Reaffirms Fiscal 2025 Revenue Guidance Exceeding $60M, Driven by Strong Order Pipeline TORONTO, ONTARIO / ACCESS Newswire / February 13, 2025 / 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 first quarter of the fiscal year ending September 30, 2025 ("Q1 2025"). All dollar amounts are in U.S. dollars unless otherwise noted.
Electrovaya Reports Q1 Fiscal Year 2025 Results
Neutral
Accesswire
1 month ago
Electrovaya Announces Date for Q1-2025 Financial Results & Conference Call
TORONTO, ON / ACCESS Newswire / February 3, 2025 / Electrovaya Inc. (Nasdaq:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, announces that it will file and release its first quarter financial results ending December 31, 2024, following the market close on Thursday, February 13, 2025. This will be followed by a conference call at 5:00 p.m.
Electrovaya Announces Date for Q1-2025 Financial Results & Conference Call
Neutral
Accesswire
1 month ago
Electrovaya Announces Commencement of Jamestown Battery Manufacturing Facility Capital Purchases and Hiring
The Company has begun placing initial purchase orders for battery system assembly equipment along with commencing hiring with the goal of starting battery assembly by CY Q2 2025 JAMESTOWN, NY / ACCESSWIRE / January 14, 2025 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, is pleased to announce that it has begun making capital investments for its planned Jamestown battery manufacturing facility along with hiring initial personnel. These initial procurements include battery system manufacturing and testing equipment along with awarding engineering work to prepare for further investments pertaining to planned cell manufacturing investments.
Electrovaya Announces Commencement of Jamestown Battery Manufacturing Facility Capital Purchases and Hiring
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