ELVA
ElectrovayaELVA
ELVA
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 7,407 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q4 regulatory disclosures 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
79%
upside
Avg. target
$6.50
158%
upside
High target
$10
297%
upside
3 analyst ratings
3 positive
100%
0 neutral
0%
0 negative
0%
Roth MKM Craig Irwin 11% 1-year accuracy 2 / 19 met price target | 98%upside $5 | Buy Reiterated | 14 Feb 2025 |
HC Wainwright & Co. Amit Dayal 18% 1-year accuracy 22 / 122 met price target | 297%upside $10 | Buy Reiterated | 14 Feb 2025 |
Raymond James Daniel Magder 0% 1-year accuracy 0 / 1 met price target | 79%upside $4.50 | Strong Buy Initiated | 23 Jan 2025 |
Financial journalist opinion
Based on 6 articles about ELVA published over the past 30 days
Neutral
Accesswire
2 days ago
Prof. Donald Sadoway of MIT, Joins the Electrovaya Board
2012 Time Magazine: 100 most Influential People in the World TORONTO, ONTARIO / ACCESS Newswire / April 17, 2025 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, announced the appointment of Prof. Donald R. Sadoway to the Company's Board of Directors.
Positive
Zacks Investment Research
2 days ago
Electrovaya Inc. (ELVA) Upgraded to Buy: Here's What You Should Know
Electrovaya Inc. (ELVA) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Neutral
Accesswire
3 days ago
Electrovaya Presenting at the 2025 EXIM Bank Annual Conference
Electrovaya's CEO to Discuss Strengthening Domestic Manufacturing at the Annual Conference of Export-Import Bank of the United States(EXIM) in Washington DC TORONTO, ONTARIO / ACCESS Newswire / April 16, 2025 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, announced that its CEO, Dr. Raj DasGupta will be participating in a panel discussion focused on Strengthening Domestic Manufacturing at the Export-Import Bank of the United States (EXIM) 2025 Annual Conference. The conference will be held on Tuesday April 29 and Wednesday April 30 at the Omni Shoreham Hotel in Washington, DC.
Neutral
Accesswire
2 weeks ago
Electrovaya Receives Purchase Orders for Batteries from Fortune 500 Customer to Re-Power Three Existing Distribution Centers
This purchase order, valued at $8.7 million, is a follow on from a December $4.1 million order, represents the continuation of the customer's fleet conversion strategy with potential further sites planned later in the year TORONTO, ON / ACCESS Newswire / April 1, 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 valued at approximately US$8.7 million. The batteries will be used by a leading Fortune 500 retailer in the United States for powering material handling electric vehicles in three existing warehouse sites.
Neutral
Accesswire
2 weeks ago
Electrovaya Announces Results of Annual Meeting of Shareholders
TORONTO, ON / ACCESS Newswire / March 31, 2025 / Electrovaya Inc. ("Electrovaya" or the "Company")(NASDAQ:ELVA)(TSX:ELVA), a lithium-ion battery technology and manufacturing company, is pleased to announce that all of the resolutions that shareholders were asked to consider at its 2024 Annual General Meeting held on March 28th, 2025 in Toronto, Ontario, were approved. The six directors named in the management information circular of the Company, being Dr. Sankar Das Gupta, Dr. Raj Das Gupta, Dr. James Jacobs, Dr. Carolyn Hansson, Mr.
Neutral
Accesswire
3 weeks ago
Electrovaya Receives Additional US$7.3 Million Order for Fortune 100 Customer
This purchase order is a follow on from a November 2024 $3.5 million order Further demands for additional sites expected later in the year TORONTO, ON / ACCESS Newswire / March 27, 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 purchase orders through its OEM sales channel valued at approximately US$7.3 million. The batteries will be used by a leading Fortune 100 e-commerce company in the United States and Canada for powering material handling electric vehicles in multiple distribution centers.
Neutral
Accesswire
1 month 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.
Neutral
Accesswire
1 month 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.
Neutral
Accesswire
1 month 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.
Neutral
Accesswire
1 month 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.
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