$11.84 USD (+50.06%) as of approximately 3:57 PM EDT on July 15, 2026 (NasdaqCM real-time).
Links for more information: Yahoo Finance ELVA | Nasdaq ELVA
| Period | ELVA Return | S&P/TSX Composite |
|---|---|---|
| YTD | +52.71% | +11.12% |
| 1-Year | +202.29% | +30.88% |
| 3-Year | +130.85% | +74.75% |
| 5-Year | +165.61% | +75.43% |
Interpretation: ELVA has significantly outperformed the broader market over multiple periods, consistent with growth in the battery sector and recent positive developments.
| Metric | Value | Notes |
|---|---|---|
| Revenue (TTM) | $71.24 million | Up significantly YoY; recent quarters show growth |
| Net Income (TTM) | $5.01 million | Profit margin 7.03% |
| EPS (TTM) | $0.11 | Diluted |
| PE Ratio (TTM) | 107.45 / 71.73 (varies by source) | High due to growth stage |
| Forward PE | ~23.92 | Based on estimates |
| ROE (TTM) | 11.94% | Positive |
| Cash (mrq) | $20.38 million | |
| Total Debt/Equity | 54.58% | Moderate leverage |
Recent quarterly: Q2 FY2026 Revenue $18.05M, Earnings $1.02M (beat estimates of ~$0.012 EPS with actual +$0.02).
Interpretation: Company has achieved 9 consecutive quarters of positive adjusted EBITDA and recent GAAP profitability, signaling an inflection toward sustainable operations.
Uncertainties: Exact full-year guidance and future revenue from Amazon deal not yet quantified in public filings; financials are trailing twelve months and subject to quarterly updates.
Links: Yahoo Financials | Company Investors Page | Official Site
Consensus: Strong Buy (limited coverage typical for micro-cap).
| Analyst / Firm | Rating | Price Target | Date / Action |
|---|---|---|---|
| HC Wainwright & Co. | Buy (Maintained) | $15 (raised from $10) | May 15, 2026 |
| Consensus / Average | Strong Buy | $14.80 | Recent (range $11–$20) |
Interpretation: Upward target revisions reflect optimism around growth trajectory, profitability, and new partnerships.
Uncertainties: Sparse analyst coverage; targets may shift rapidly with news flow like the Amazon announcement.
Interpretation: Diversified blue-chip base with proven safety and longevity advantages driving repeat business in mission-critical applications.
| Company (Ticker) | Focus | Market Cap (approx.) | Key Notes |
|---|---|---|---|
| Electrovaya (ELVA) | Industrial Li-ion (Infinity ceramic tech) | ~$585M | Strong safety record, profitable growth |
| Amprius Technologies (AMPX) | High-energy density Si-anode batteries | Small-cap | Aerospace/defense focus |
| Eos Energy (EOSE) | Zinc-based batteries | Small-cap | Long-duration storage |
| Enovix (ENVX) | 3D silicon Li-ion | Small-cap | Consumer/electronics |
| FREYR Battery (FREY) | Li-ion gigafactory | Small-cap | European focus |
| Ballard Power (BLDP) | Hydrogen fuel cells | ~$900M–1.3B | Alternative clean tech |
| Energizer (ENR) | Batteries (consumer/industrial) | Larger | Established brand |
Other peers mentioned in analyses: GRID.TO, NEOV, FLUX, etc.
Interpretation: ELVA differentiates via proprietary ceramic separator technology for superior safety and cycle life in harsh industrial environments vs. many competitors focused on EV or consumer markets.
Uncertainties: Exact competitive positioning depends on specific application; market shares not publicly detailed for niche segments.
Links: MarketBeat Competitors | Electrovaya Customers/Tech | Amazon Deal Press Release
Overview: Electrovaya designs, develops, manufactures, and sells lithium-ion batteries, battery management systems, and related products primarily for energy storage, clean electric transportation (e.g., forklifts, AGVs, buses, trucks), robotics, defense, and specialized industrial uses in North America. Key technologies: Infinity (ceramic composite separator for safety/long life) and emerging solid-state. ~123 employees; facilities in Canada and U.S. (including Jamestown Gigafactory).
History: Incorporated 1996 as Electrofuel Inc. by Sankar Das Gupta; renamed Electrovaya Inc. in March 2002. Over 30 years of innovation, 100+ patents. Expanded U.S. manufacturing after Canadian funding challenges. Recent milestones include consistent profitability, UL approvals, and gigafactory ramp.
Interpretation: Transition from early-stage R&D to scaled manufacturing and commercial traction positions the company for potential acceleration, especially with Amazon relationship.