Symbols / ELVA $8.17 +5.28%
ELVA Chart
About
Electrovaya Inc. engages in the design, development, manufacture, and sale of lithium-ion batteries, battery management systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications in North America. It operates infinity battery systems comprising of low and high voltage systems. The company also operates solid state battery technology. In addition, it offers lithium-ion battery systems to power MHEV, including fork-lifts, as well as accessories, such as battery chargers to charge the batteries; lithium-ion batteries for robotic applications; lithium ion battery cell and modules for sales to OEM customers in the defense, construction, and other applications; high voltage battery systems for electric bus, truck, and defense applications; and industrial products for energy storage. The company was formerly known as Electrofuel Inc. and changed its name to Electrovaya Inc. in March 2002. Electrovaya Inc. was incorporated in 1996 and is headquartered in Mississauga, Canada.
Fundamentals
Scroll to Statements| Sector | Industrials | Industry | Electrical Equipment & P | Market Cap | 403.47M |
| Enterprise Value | 342.55M | Income | 3.36M | Sales | 63.83M |
| Book/sh | 0.74 | Cash/sh | 0.15 | Dividend Yield | — |
| Payout | 0.00% | Employees | — | IPO | — |
| P/E | 74.27 | Forward P/E | 25.27 | PEG | — |
| P/S | 6.32 | P/B | 11.06 | P/C | — |
| EV/EBITDA | 51.89 | EV/Sales | 5.37 | Quick Ratio | 2.27 |
| Current Ratio | 4.16 | Debt/Eq | 72.47 | LT Debt/Eq | — |
| EPS (ttm) | 0.11 | EPS next Y | 0.32 | EPS Growth | — |
| Revenue Growth | 77.50% | Earnings | 2026-05-14 | ROA | 6.70% |
| ROE | 16.94% | ROIC | — | Gross Margin | 30.90% |
| Oper. Margin | 11.57% | Profit Margin | 5.27% | Shs Outstand | 49.38M |
| Shs Float | 29.39M | Short Float | — | Short Ratio | 0.48 |
| Short Interest | — | 52W High | 11.88 | 52W Low | 2.25 |
| Beta | 0.78 | Avg Volume | 607.50K | Volume | 440.22K |
| Target Price | $9.80 | Recom | None | Prev Close | $7.76 |
| Price | $8.17 | Change | 5.28% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
$9.80
Mean price target
2. Current target
$8.17
Latest analyst target
3. DCF / Fair value
$-2.38
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$8.17
Low
$6.00
High
$12.00
Mean
$9.80
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 2025-12-18 | init | Oppenheimer | — → Outperform | $14 |
| 2025-02-14 | reit | Roth MKM | Buy → Buy | $5 |
| 2025-02-14 | reit | HC Wainwright & Co. | Buy → Buy | $10 |
| 2025-01-23 | init | Raymond James | — → Strong Buy | $5 |
| 2024-12-13 | main | HC Wainwright & Co. | Buy → Buy | $10 |
| 2024-09-26 | init | Alliance Global Partners | — → Buy | $5 |
| 2024-08-14 | main | Craig-Hallum | Buy → Buy | $6 |
| 2024-08-14 | reit | HC Wainwright & Co. | Buy → Buy | $16 |
| 2024-06-14 | reit | HC Wainwright & Co. | Buy → Buy | $16 |
| 2024-05-15 | main | Craig-Hallum | Buy → Buy | $9 |
| 2024-05-15 | reit | HC Wainwright & Co. | Buy → Buy | $16 |
| 2024-05-15 | main | Roth MKM | Buy → Buy | $8 |
| 2024-03-26 | main | Roth MKM | Buy → Buy | $8 |
| 2024-03-06 | init | Roth MKM | — → Buy | $8 |
- Inside the brutal safety tests Electrovaya’s high-voltage industrial batteries just passed - Stock Titan ue, 10 Mar 2026 11
- Electrovaya (ELVA)’s Shareholder Meeting Sees Key Resolution Approvals - Yahoo Finance UK ue, 10 Mar 2026 12
- (ELVA) Stock Evaluation Report (ELVA:CA) - Stock Traders Daily Mon, 09 Mar 2026 20
- Electrovaya: An Ideal Time To Buy This Profitable Battery Tech Specialist (NASDAQ:ELVA) - Seeking Alpha Wed, 04 Mar 2026 08
- Electrovaya Inc. (ELVA) Q1 Earnings Surpass Estimates - Nasdaq hu, 12 Feb 2026 08
- Would You Still Hold Electrovaya Stock If It Fell 30%? - Trefis Sun, 21 Dec 2025 08
- Inside Electrovaya’s battery strategy: investor webcast with CEO and CFO - Stock Titan hu, 26 Feb 2026 08
- Here’s What Buoyed Investors’ Optimism in Electrovaya (ELVA) - Yahoo Finance Fri, 20 Feb 2026 08
- Electrovaya: Profits Are Here And A 2X Is More Realistic - Seeking Alpha Sat, 13 Dec 2025 08
- Electrovaya (ELVA) Price Target Increased by 12.50% to 7.98 - Nasdaq hu, 26 Feb 2026 03
- Electrovaya (NASDAQ: ELVA) turns first annual profit as revenue jumps 43% in FY 2025 - Stock Titan Wed, 10 Dec 2025 08
- Electrovaya Inc.'s (TSE:ELVA) Stock Is Going Strong: Have Financials A Role To Play? - Yahoo Finance Mon, 01 Sep 2025 07
- The Smartest Growth Stock to Buy With $1,000 Right Now - Yahoo! Finance Canada Mon, 23 Feb 2026 08
- Board chair lifts Electrovaya stake to 23.66% with warrant buy - Stock Titan ue, 20 Jan 2026 08
- Electrovaya Inc. (ELVA) Q1 Earnings Surpass Estimates - Yahoo Finance hu, 12 Feb 2026 08
Insider Transactions
| Date | Shares | Value | Url | Text | Insider | Position | Transaction | Start Date | Ownership |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 5000 | 14415.0 | — | Exercise of options at price 2.88 per share. | Dasgupta (Rajshekar) | Senior Officer of Issuer | — | 2026-02-24 00:00:00 | D |
| 1 | 1420000 | 918740.0 | — | Exercise of warrants at price 0.65 per share. | Das Gupta (Sankar) | 10% Security Holder of Issuer | — | 2026-01-16 00:00:00 | D |
| 2 | 75000 | 80850.0 | — | Exercise of options at price 1.08 per share. | Dasgupta (Rajshekar) | Senior Officer of Issuer | — | 2026-01-16 00:00:00 | D |
| 3 | 25000 | nan | — | — | Das Gupta (Sankar) | 10% Security Holder of Issuer | — | 2025-12-29 00:00:00 | D |
| 4 | 25000 | nan | — | — | Dasgupta (Rajshekar) | Senior Officer of Issuer | — | 2025-12-29 00:00:00 | D |
| 5 | 1000 | 5112.0 | — | Acquisition in the public market at price 5.11 per share. | Gibson (Francis John) | Senior Officer of Issuer | — | 2025-11-12 00:00:00 | D |
| 6 | 38885 | 146713.0 | — | Exercise of warrants at price 3.77 per share. | Dasgupta (Rajshekar) | Senior Officer of Issuer | — | 2025-11-07 00:00:00 | D |
| 7 | 2700 | 14115.0 | — | Acquisition in the public market at price 5.23 per share. | Dasgupta (Rajshekar) | Senior Officer of Issuer | — | 2025-11-06 00:00:00 | D |
| 8 | 500 | 2653.0 | — | Acquisition in the public market at price 5.31 per share. | Gibson (Francis John) | Senior Officer of Issuer | — | 2025-11-06 00:00:00 | D |
| 9 | 1000 | 5509.0 | — | Acquisition in the public market at price 5.51 per share. | Gibson (Francis John) | Senior Officer of Issuer | — | 2025-11-05 00:00:00 | D |
Financials
| Line Item | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | -221.25K | 0.00 | -165.50K | 0.00 |
| TaxRateForCalcs | 0.15 | 0.00 | 0.31 | 0.00 |
| NormalizedEBITDA | 6.92M | 1.44M | 1.77M | -7.51M |
| TotalUnusualItems | -1.48M | 1.49M | -526.00K | 1.09M |
| TotalUnusualItemsExcludingGoodwill | -1.48M | 1.49M | -526.00K | 1.09M |
| NetIncomeFromContinuingOperationNetMinorityInterest | 3.36M | -1.49M | -1.48M | -9.21M |
| ReconciledDepreciation | 1.45M | 1.21M | 907.00K | 503.00K |
| ReconciledCostOfRevenue | 44.18M | 30.93M | 32.20M | 12.40M |
| EBITDA | 5.44M | 2.92M | 1.25M | -6.42M |
| EBIT | 3.91M | 1.72M | 341.00K | -6.92M |
| NetInterestIncome | -2.75M | -3.70M | -2.83M | -3.03M |
| InterestExpense | 2.60M | 3.20M | 2.50M | 2.29M |
| NormalizedIncome | 4.62M | -2.97M | -1.12M | -10.30M |
| NetIncomeFromContinuingAndDiscontinuedOperation | 3.36M | -1.49M | -1.48M | -9.21M |
| TotalExpenses | 58.04M | 43.86M | 42.16M | 22.89M |
| TotalOperatingIncomeAsReported | 5.54M | 729.00K | 1.20M | -7.27M |
| DilutedAverageShares | 41.37M | 34.01M | 33.83M | 29.34M |
| BasicAverageShares | 39.08M | 34.01M | 33.83M | 29.34M |
| DilutedEPS | 0.08 | -0.04 | -0.04 | -0.31 |
| BasicEPS | 0.09 | -0.04 | -0.04 | -0.31 |
| DilutedNIAvailtoComStockholders | 3.36M | -1.49M | -1.48M | -9.21M |
| NetIncomeCommonStockholders | 3.36M | -1.49M | -1.48M | -9.21M |
| NetIncome | 3.36M | -1.49M | -1.48M | -9.21M |
| NetIncomeIncludingNoncontrollingInterests | 3.36M | -1.49M | -1.48M | -9.21M |
| NetIncomeContinuousOperations | 3.36M | -1.49M | -1.48M | -9.21M |
| TaxProvision | -2.05M | 0.00 | -679.00K | 0.00 |
| PretaxIncome | 1.31M | -1.49M | -2.16M | -9.21M |
| OtherIncomeExpense | -1.48M | 1.49M | -526.00K | 1.09M |
| GainOnSaleOfSecurity | -1.48M | 1.49M | -526.00K | 1.09M |
| NetNonOperatingInterestIncomeExpense | -2.75M | -3.70M | -2.83M | -3.03M |
| TotalOtherFinanceCost | 151.00K | 500.00K | 336.00K | 742.00K |
| InterestExpenseNonOperating | 2.60M | 3.20M | 2.50M | 2.29M |
| OperatingIncome | 5.54M | 729.00K | 1.20M | -7.27M |
| OperatingExpense | 13.93M | 12.93M | 9.96M | 10.49M |
| OtherOperatingExpenses | -339.00K | -342.00K | -1.08M | -860.00K |
| DepreciationAmortizationDepletionIncomeStatement | 1.53M | 1.21M | 907.00K | 503.00K |
| DepreciationAndAmortizationInIncomeStatement | 1.53M | 1.21M | 907.00K | 503.00K |
| Amortization | 399.00K | 319.00K | ||
| AmortizationOfIntangiblesIncomeStatement | 399.00K | 319.00K | ||
| DepreciationIncomeStatement | 907.00K | 503.00K | ||
| ResearchAndDevelopment | 4.38M | 3.04M | 3.38M | 3.43M |
| SellingGeneralAndAdministration | 8.36M | 9.03M | 6.75M | 7.42M |
| SellingAndMarketingExpense | 2.93M | 2.94M | 1.90M | 1.15M |
| GeneralAndAdministrativeExpense | 5.43M | 6.09M | 4.85M | 6.27M |
| OtherGandA | 3.68M | 3.94M | 3.69M | 3.05M |
| SalariesAndWages | 1.76M | 2.15M | 1.17M | 3.22M |
| GrossProfit | 19.47M | 13.66M | 11.16M | 3.22M |
| CostOfRevenue | 44.11M | 30.93M | 32.20M | 12.40M |
| TotalRevenue | 63.58M | 44.59M | 43.37M | 15.62M |
| OperatingRevenue | 63.58M | 43.95M | 42.38M | 15.33M |
| Line Item | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| OrdinarySharesNumber | 42.11M | 34.14M | 33.83M | 29.44M |
| ShareIssued | 42.11M | 34.14M | 33.83M | 29.44M |
| NetDebt | 14.39M | 17.65M | 15.27M | 20.08M |
| TotalDebt | 22.56M | 20.77M | 19.03M | 23.11M |
| TangibleBookValue | 31.13M | 8.59M | 7.15M | -6.71M |
| InvestedCapital | 51.87M | 27.02M | 23.45M | 14.00M |
| WorkingCapital | 31.88M | 887.00K | -705.00K | -7.87M |
| NetTangibleAssets | 31.13M | 8.59M | 7.15M | -6.71M |
| CapitalLeaseObligations | 1.81M | 2.34M | 2.73M | 2.40M |
| CommonStockEquity | 31.13M | 8.59M | 7.15M | -6.71M |
| TotalCapitalization | 51.87M | 8.59M | 7.15M | -3.25M |
| TotalEquityGrossMinorityInterest | 31.13M | 8.59M | 7.15M | -6.71M |
| StockholdersEquity | 31.13M | 8.59M | 7.15M | -6.71M |
| OtherEquityInterest | 4.72M | 4.72M | 4.72M | 4.72M |
| GainsLossesNotAffectingRetainedEarnings | 5.91M | 5.79M | 5.89M | 6.13M |
| OtherEquityAdjustments | 5.91M | 5.79M | 5.89M | 6.13M |
| RetainedEarnings | -125.88M | -129.24M | -127.76M | -128.97M |
| AdditionalPaidInCapital | 11.51M | 10.90M | 9.25M | 8.10M |
| CapitalStock | 134.87M | 116.41M | 115.04M | 103.31M |
| CommonStock | 134.87M | 116.41M | 115.04M | 103.31M |
| TotalLiabilitiesNetMinorityInterest | 32.80M | 30.90M | 29.37M | 28.90M |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 22.73M | 2.37M | 2.76M | 6.23M |
| TradeandOtherPayablesNonCurrent | 525.00K | 495.00K | 419.00K | 542.00K |
| LongTermDebtAndCapitalLeaseObligation | 22.20M | 1.87M | 2.34M | 5.69M |
| LongTermCapitalLeaseObligation | 1.46M | 1.87M | 2.34M | 2.23M |
| LongTermDebt | 20.74M | 3.46M | ||
| CurrentLiabilities | 10.08M | 28.53M | 26.61M | 22.66M |
| OtherCurrentLiabilities | 144.00K | 155.00K | 1.49M | |
| CurrentDeferredLiabilities | 70.00K | 1.00M | ||
| CurrentDeferredRevenue | 70.00K | 1.00M | ||
| CurrentDebtAndCapitalLeaseObligation | 358.00K | 18.90M | 16.69M | 17.42M |
| CurrentCapitalLeaseObligation | 358.00K | 471.00K | 389.00K | 164.00K |
| CurrentDebt | 18.43M | 16.30M | 17.25M | 8.64M |
| OtherCurrentBorrowings | 1.63M | 3.46M | 1.25M | 4.73M |
| LineOfCredit | 0.00 | 16.28M | 11.82M | 11.63M |
| CurrentNotesPayable | 0.00 | 519.00K | 1.03M | 4.36M |
| PayablesAndAccruedExpenses | 9.58M | 9.47M | 8.43M | 5.25M |
| CurrentAccruedExpenses | 2.05M | 1.73M | 1.20M | 545.00K |
| Payables | 7.53M | 7.74M | 7.23M | 4.70M |
| OtherPayable | 776.00K | 704.00K | 1.20M | 1.04M |
| DuetoRelatedPartiesCurrent | 0.00 | 531.00K | ||
| AccountsPayable | 6.75M | 7.04M | 6.04M | 3.13M |
| TotalAssets | 63.93M | 39.48M | 36.51M | 22.19M |
| TotalNonCurrentAssets | 21.98M | 10.06M | 10.61M | 7.40M |
| NonCurrentPrepaidAssets | 6.87M | 90.00K | 459.00K | 88.00K |
| NonCurrentDeferredAssets | 2.07M | 0.00 | ||
| NonCurrentDeferredTaxesAssets | 2.07M | 0.00 | ||
| NetPPE | 13.04M | 9.97M | 10.15M | 7.31M |
| AccumulatedDepreciation | -4.79M | -3.86M | -2.61M | -1.71M |
| GrossPPE | 17.84M | 13.83M | 12.76M | 9.02M |
| Leases | 329.00K | 76.00K | 76.00K | 39.00K |
| ConstructionInProgress | 2.05M | 0.00 | ||
| OtherProperties | 7.64M | 5.95M | 1.71M | 1.24M |
| MachineryFurnitureEquipment | 120.00K | 105.00K | 73.00K | 56.00K |
| BuildingsAndImprovements | 7.49M | 7.49M | 3.20M | 2.58M |
| LandAndImprovements | 215.00K | 215.00K | 7.70M | 5.11M |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 |
| CurrentAssets | 41.96M | 29.42M | 25.91M | 14.79M |
| RestrictedCash | 656.00K | 0.00 | ||
| PrepaidAssets | 6.02M | 7.65M | 6.00M | 3.89M |
| Inventory | 12.45M | 9.70M | 8.27M | 7.36M |
| FinishedGoods | 1.10M | 941.00K | 1.55M | 2.42M |
| WorkInProcess | 0.00 | 324.00K | 165.00K | 755.00K |
| RawMaterials | 11.35M | 8.43M | 6.55M | 4.18M |
| Receivables | 16.47M | 11.29M | 10.61M | 2.91M |
| OtherReceivables | 2.76M | 779.00K | 1.46M | 51.00K |
| DuefromRelatedPartiesCurrent | 374.00K | 0.00 | ||
| AccountsReceivable | 13.71M | 10.51M | 9.15M | 2.86M |
| AllowanceForDoubtfulAccountsReceivable | -82.00K | -64.00K | -257.00K | -54.00K |
| GrossAccountsReceivable | 13.80M | 10.58M | 9.40M | 2.92M |
| CashCashEquivalentsAndShortTermInvestments | 6.36M | 781.00K | 1.03M | 626.00K |
| CashAndCashEquivalents | 6.36M | 781.00K | 1.03M | 626.00K |
| Line Item | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| FreeCashFlow | -9.50M | 372.00K | -5.74M | -9.03M |
| RepaymentOfDebt | -80.78M | -50.42M | -40.59M | -12.33M |
| IssuanceOfDebt | 84.13M | 52.25M | 35.73M | 21.52M |
| IssuanceOfCapitalStock | 11.58M | 0.00 | 7.17M | 780.00K |
| CapitalExpenditure | -11.22M | -666.00K | -505.00K | -203.00K |
| InterestPaidSupplementalData | 2.12M | 2.23M | 1.79M | 2.31M |
| IncomeTaxPaidSupplementalData | 0.00 | 0.00 | 0.00 | 0.00 |
| EndCashPosition | 6.36M | 781.00K | 1.03M | 626.00K |
| BeginningCashPosition | 781.00K | 1.03M | 626.00K | 4.20M |
| EffectOfExchangeRateChanges | 0.00 | 6.00K | -9.00K | -2.42M |
| ChangesInCash | 5.58M | -257.00K | 415.00K | -1.15M |
| FinancingCashFlow | 15.90M | -629.00K | 6.55M | 7.89M |
| CashFlowFromContinuingFinancingActivities | 15.90M | -629.00K | 6.55M | 7.89M |
| NetOtherFinancingCharges | -1.71M | -55.00K | -28.00K | -17.00K |
| InterestPaidCFF | -2.12M | -2.53M | -2.01M | -2.11M |
| ProceedsFromStockOptionExercised | 4.80M | 131.00K | 6.28M | 27.00K |
| CashDividendsPaid | 0.00 | 0.00 | 0.00 | 0.00 |
| NetCommonStockIssuance | 11.58M | 0.00 | 7.17M | 780.00K |
| CommonStockIssuance | 11.58M | 0.00 | 7.17M | 780.00K |
| NetIssuancePaymentsOfDebt | 3.35M | 1.83M | -4.86M | 9.19M |
| NetShortTermDebtIssuance | -287.00K | 2.56M | -4.15M | 9.94M |
| ShortTermDebtPayments | -80.04M | -49.68M | -39.88M | -11.59M |
| ShortTermDebtIssuance | 79.76M | 52.25M | 35.73M | 21.52M |
| NetLongTermDebtIssuance | 3.64M | -735.00K | -707.00K | -744.00K |
| LongTermDebtPayments | -732.00K | -735.00K | -707.00K | -744.00K |
| LongTermDebtIssuance | 4.37M | 0.00 | ||
| InvestingCashFlow | -12.04M | -666.00K | -903.00K | -212.00K |
| CashFlowFromContinuingInvestingActivities | -12.04M | -666.00K | -903.00K | -212.00K |
| NetOtherInvestingChanges | -823.00K | -374.00K | ||
| NetInvestmentPurchaseAndSale | -541.00K | -398.00K | -9.00K | |
| NetPPEPurchaseAndSale | -11.22M | -666.00K | -505.00K | -203.00K |
| PurchaseOfPPE | -11.22M | -666.00K | -505.00K | -203.00K |
| OperatingCashFlow | 1.72M | 1.04M | -5.24M | -8.82M |
| CashFlowFromContinuingOperatingActivities | 1.72M | 1.04M | -5.24M | -8.82M |
| ChangeInWorkingCapital | -7.12M | -2.25M | -8.12M | -6.37M |
| ChangeInOtherWorkingCapital | -934.00K | -1.08M | ||
| ChangeInPayablesAndAccruedExpense | 68.00K | 1.59M | 2.55M | 116.00K |
| ChangeInPayable | 68.00K | 1.59M | 2.55M | 116.00K |
| ChangeInAccountPayable | 3.05M | 43.00K | -665.00K | |
| ChangeInPrepaidAssets | 1.03M | -1.69M | -2.10M | -2.08M |
| ChangeInInventory | -3.04M | -1.42M | -724.00K | -2.79M |
| ChangeInReceivables | -5.18M | -732.00K | -7.84M | -1.63M |
| OtherNonCashItems | 2.75M | 3.70M | 2.97M | 3.03M |
| StockBasedCompensation | 1.76M | 2.15M | 1.17M | 3.22M |
| AssetImpairmentCharge | 0.00 | 51.00K | 0.00 | |
| DeferredTax | -2.05M | 0.00 | -679.00K | |
| DeferredIncomeTax | -2.05M | 0.00 | -679.00K | |
| DepreciationAmortizationDepletion | 1.45M | 1.21M | 907.00K | 503.00K |
| DepreciationAndAmortization | 1.45M | 1.21M | 907.00K | 503.00K |
| Depreciation | 1.21M | 907.00K | 503.00K | 319.00K |
| OperatingGainsLosses | 1.56M | -2.34M | 1.00K | |
| GainLossOnInvestmentSecurities | 915.00K | -1.33M | ||
| NetForeignCurrencyExchangeGainLoss | 576.00K | -67.00K | 1.00K | |
| NetIncomeFromContinuingOperations | 3.36M | -1.49M | -1.48M | -9.21M |
SEC Filings
No SEC filings found for this symbol (may be non-US or ticker not in SEC index).
Public Trades for ELVA
| Date | User | Broker | Pattern | Type | Position Size | Entry Price | Trade P&L | Status |
|---|