ELVA logo

Electrovaya Inc. Stock Price

TSX:ELVA Community·CA$678.3m Market Cap
  • 3 Narratives written by author
  • 0 Comments on narratives written by author
  • 25 Fair Values set on narratives written by author

ELVA Share Price Performance

CA$13.87
9.40 (210.29%)
CA$14.00
Fair Value
CA$13.87
9.40 (210.29%)
0.9% undervalued intrinsic discount
CA$14.00
Fair Value
Price CA$13.87
AnalystHighTarget CA$14.00
AnalystConsensusTarget CA$12.55
AnalystLowTarget CA$9.50

ELVA Community Narratives

·
Fair Value CA$14 0.9% undervalued intrinsic discount

Airport Electrification And Robotics Expansion Will Support A Stronger Long Term Outlook

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·
Fair Value CA$12.55 10.5% overvalued intrinsic discount

Warehouse Automation And Robotics Will Fuel Uncertain Yet Promising Trends

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·
Fair Value CA$9.5 46.0% overvalued intrinsic discount

Warehouse Automation And Energy Storage Trends Will Support Long-Term Battery Demand Despite Near-Term Volatility

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CA$14
0.9% undervalued intrinsic discount
Revenue
47.37% p.a.
Profit Margin
17.02%
Future PE
17.96x
Price in 2029
CA$17.76
CA$9.5
46.0% overvalued intrinsic discount
Revenue
34.97% p.a.
Profit Margin
9.98%
Future PE
27.14x
Price in 2028
CA$12.02

Trending Discussion

Updated Narratives

ELVA logo

ELVA: Jamestown Buildout And Forklift Demand Will Offset Airport And Supply Risks

Fair Value: CA$12.55 10.5% overvalued intrinsic discount
12 users have set this as their fair value
0 users have commented on this narrative
0 users have liked this narrative
ELVA logo

Airport Electrification And Robotics Expansion Will Support A Stronger Long Term Outlook

Fair Value: CA$14 0.9% undervalued intrinsic discount
2 users have set this as their fair value
0 users have commented on this narrative
0 users have liked this narrative
ELVA logo

Warehouse Automation And Energy Storage Trends Will Support Long-Term Battery Demand Despite Near-Term Volatility

Fair Value: CA$9.5 46.0% overvalued intrinsic discount
1 users have set this as their fair value
0 users have commented on this narrative
0 users have liked this narrative

Snowflake Analysis

Exceptional growth potential with adequate balance sheet.

1 Risk
2 Rewards

Electrovaya Inc. Key Details

US$71.2m

Revenue

US$48.5m

Cost of Revenue

US$22.8m

Gross Profit

US$17.8m

Other Expenses

US$5.0m

Earnings

Last Reported Earnings
Mar 31, 2026
Next Reporting Earnings
n/a
0.10
31.99%
7.03%
50.9%
View Full Analysis

About ELVA

Founded
1996
Employees
n/a
CEO
Rajshekar Gupta
WebsiteView website
electrovaya.com

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.

Recent ELVA News & Updates

Narrative Update Jun 25

ELVA: Jamestown Buildout And Forklift Demand Will Offset Airport And Supply Risks

Electrovaya's analyst price targets have moved higher, with one firm lifting its view to CA$20 from CA$12, alongside others raising targets to CA$12 and CA$15, as analysts point to recent facility progress, steady execution, and expanding product and customer reach. Analyst Commentary Recent research updates on Electrovaya highlight a mix of enthusiasm around execution at its Jamestown facility and product demand trends, alongside some caution related to customer exposure and near term operational hurdles.
Narrative Update Jun 09

ELVA: Forklift Battery Strength And Jamestown Ramp Will Offset Airport Demand Risks

Analysts lifted their CA$ price targets for Electrovaya, with recent moves from CA$10 to CA$12, CA$15 and most recently CA$20, citing on track progress at the Jamestown facility, steady profitable execution, and resilient demand from core forklift battery customers despite some supply chain and end market headwinds. Analyst Commentary Recent research updates highlight both enthusiasm and caution around Electrovaya, with price targets stepping up alongside progress at the Jamestown facility and ongoing execution, while supply chain friction and certain end markets keep risk on the table.
Narrative Update May 26

ELVA: Forklift Battery Reliance Will Expose Weakness In Airport Equipment Demand

Narrative Update: Electrovaya Analyst Price Target Shift Analysts have nudged their fair value estimate for Electrovaya essentially flat at about CA$12.55, with recent price target moves to CA$12 and CA$15 framed around steady execution, stronger forklift battery demand, and ongoing product and market diversification efforts despite near term uncertainty in airport equipment orders. Analyst Commentary Recent research updates reflect a generally constructive tone on Electrovaya, with price targets lifted into a CA$12 to CA$15 range.

Recent updates

No updates