Brokers Set Expectations for Electrovaya FY2026 Earnings

Electrovaya Inc. (NASDAQ:ELVA) – Equities researchers at HC Wainwright reduced their FY2026 earnings per share estimates for shares of Electrovaya in a note issued to investors on Wednesday, August 12th. HC Wainwright analyst A. Dayal now anticipates that the company will earn $0.05 per share for the year, down from their prior forecast of $0.09. HC Wainwright currently has a “Buy” rating and a $15.00 price target on the stock. The consensus estimate for Electrovaya’s current full-year earnings is $0.14 per share. HC Wainwright also issued estimates for Electrovaya’s Q4 2026 earnings at $0.00 EPS, FY2028 earnings at $0.34 EPS and FY2029 earnings at $0.67 EPS.

ELVA has been the subject of a number of other research reports. Roth Capital restated a “buy” rating on shares of Electrovaya in a research report on Wednesday, July 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Electrovaya in a research report on Wednesday, June 24th. Raymond James Financial reissued a “strong-buy” rating on shares of Electrovaya in a research note on Thursday, July 16th. Finally, Oppenheimer dropped their target price on shares of Electrovaya from $14.00 to $13.00 and set an “outperform” rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $17.50.

Electrovaya Stock Up 4.5%

ELVA opened at $7.66 on Thursday. The business’s fifty day moving average is $9.38 and its two-hundred day moving average is $9.23. The company has a debt-to-equity ratio of 0.54, a quick ratio of 5.93 and a current ratio of 7.66. The company has a market cap of $379.25 million, a price-to-earnings ratio of 69.64, a PEG ratio of 0.98 and a beta of 1.69. Electrovaya has a one year low of $4.10 and a one year high of $12.78.

Electrovaya (NASDAQ:ELVA) last released its quarterly earnings data on Monday, August 10th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.02). The firm had revenue of $17.71 million during the quarter, compared to analysts’ expectations of $21.44 million. Electrovaya had a net margin of 6.14% and a return on equity of 8.58%.

Institutional Investors Weigh In On Electrovaya

A number of large investors have recently bought and sold shares of ELVA. Allworth Financial LP increased its position in Electrovaya by 4,900.0% during the 4th quarter. Allworth Financial LP now owns 4,000 shares of the company’s stock worth $32,000 after purchasing an additional 3,920 shares in the last quarter. Granahan Investment Management LLC lifted its holdings in Electrovaya by 2.7% in the 1st quarter. Granahan Investment Management LLC now owns 200,195 shares of the company’s stock valued at $1,566,000 after purchasing an additional 5,234 shares in the last quarter. TD Waterhouse Canada Inc. lifted its holdings in Electrovaya by 737.3% in the 4th quarter. TD Waterhouse Canada Inc. now owns 9,085 shares of the company’s stock valued at $72,000 after purchasing an additional 8,000 shares in the last quarter. Lazard Asset Management LLC boosted its stake in shares of Electrovaya by 10.3% during the 4th quarter. Lazard Asset Management LLC now owns 86,347 shares of the company’s stock worth $682,000 after purchasing an additional 8,090 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Electrovaya by 18.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 57,908 shares of the company’s stock worth $451,000 after purchasing an additional 8,983 shares during the last quarter. Institutional investors and hedge funds own 22.47% of the company’s stock.

About Electrovaya

Electrovaya is a Canada-based energy storage company that designs and manufactures advanced lithium-ion battery systems and components. The company’s core business revolves around the development of proprietary electrode and cell technologies that deliver high energy density, rapid charge capability and enhanced safety features. Electrovaya’s product portfolio encompasses large-format battery cells, modules, complete battery packs and integrated energy storage systems tailored to industrial, commercial and utility-scale applications.

In the industrial sector, Electrovaya supplies modular battery systems for material-handling equipment such as electric forklifts, automated guided vehicles and airport ground support vehicles.