Electrovaya Inc (ELVA)

Electrovaya Inc. is a Canadian company listed on the NASDAQ under the ticker ELVA. The company develops, manufactures, and sells lithium-ion battery systems, battery management systems, and related products for energy storage, clean electric transportation, and specialized industrial applications in North America. Its product lineup includes infinity battery systems with low- and high-voltage configurations, solid-state battery technology, battery systems for material handling equipment such as forklifts, charging accessories, robotic applications, and battery cells and modules supplied to OEM customers in defense, construction, and other uses. Electrovaya also provides high-voltage battery systems for electric buses, trucks, and defense applications, along with industrial energy storage products. Founded in 1996 and headquartered in Mississauga, Canada, the company was previously known as Electrofuel Inc. before adopting its current name in 2002.


Jump directly to the stock analysis sections supported by the latest available data.

Data update note: Fair value and stock analysis metrics are updated after regular market sessions when new data becomes available.
Ticker Fair Value Fair Value Upside/Downside Fair Value Rating Analyst Price Target Analyst Target Upside/Downside Analyst Target Rating Overall Financial Health Dividend Yield Next Earnings Date P/E Ratio Price-to-Book Ratio Price-to-Sales Ratio Market Cap Enterprise Value Total Debt / Total Capital Free Float / Shares Outstanding Altman Z-Score Free Cash Flow / Net Income
NASDAQ-ELVA
$6.45
-2.4% Downside
Fair
$14.60
120.9% Upside
Bargain
Fair
0.0%
December 11, 2026
75.0x
4.9x
4.6x
330.5 M
358.9 M
11.2%
65.1%
5.3
-354.5%
Valuation • Fair Value

Electrovaya Inc (NASDAQ-ELVA) Fair Value by Valuation Model

Review the available estimates for Electrovaya Inc (NASDAQ-ELVA), including DCF Fair Value, Ben Graham Formula Value, Comps Fair Value.

Primary Valuation Read

Fair Value

$6.45

Estimated downside of 2.4% versus the current market price.

Fair Value Confidence

Med

Confidence level for the primary fair value estimate.

DCF Fair Value

$8.66

Discounted cash flow valuation reference.

Ben Graham Formula Value

$0.98

Classic Ben Graham valuation formula reference.

Comps Fair Value

$4.61

Comparable-company valuation reference.

Analyst Price Target

$14.60

Analysts imply upside of 120.9%.

How to read these valuation models

Use the 6 available valuation references for Electrovaya Inc (NASDAQ-ELVA) as analytical inputs, not a standalone conclusion. Valuation methods can differ because they rely on different assumptions, time horizons and financial inputs; compare the estimates with the current price and the company’s financial quality.

Profitability • Growth

Profitability & Growth for Electrovaya Inc (NASDAQ-ELVA)

Review the profitability and growth indicators currently supported by the latest data.

Revenue

71.824 M

Current operating scale indicator.

Revenue Forecast

70.933 M

Forward revenue estimate.

EBITDA

7.716 M

Current operating profitability reference.

EBITDA Forecast

11.7 M

Forward operating profitability estimate.

How to read profitability and growth

This section helps investors review Electrovaya Inc (NASDAQ-ELVA) from an operating perspective by combining current scale, forward revenue expectations and EBITDA-related profitability measures.

Quality • Risk

Quality & Financial Risk for Electrovaya Inc (NASDAQ-ELVA)

Review the financial quality and risk indicators currently supported by the latest data.

Financial Health

Fair

Mixed or neutral financial-health read.

Piotroski Score

5

Mid-range quality score.

Beneish M-Score

1.41

Higher caution zone on this screen.

Altman Z-Score

5.3

Relatively strong balance-sheet zone.

FCF / Net Income

-354.5%

Cash conversion quality indicator.

How to read quality and risk

This section combines quality, balance-sheet and accounting-risk indicators for Electrovaya Inc (NASDAQ-ELVA). Read the metrics together: no single score is a complete investment conclusion, but the combined view can highlight financial strength, earnings quality and areas that may deserve closer review.

Events • Dividends

Upcoming Events & Dividends for Electrovaya Inc (NASDAQ-ELVA)

Track the upcoming dates and dividend metrics currently supported by the latest data.

Next Earnings Date

December 11, 2026

Days to Earnings

84

Dividend Yield

0.0%

No current dividend yield is indicated.

How to read events and dividends

This section helps investors track time-sensitive items for Electrovaya Inc (NASDAQ-ELVA), including the next earnings date and dividend-related milestones. These items can matter for short-term volatility, income planning and event-driven positioning.

Stock Forecast • Technical Outlook

Electrovaya Inc (NASDAQ-ELVA) Stock Forecast & Technical Outlook

Review Electrovaya Inc (NASDAQ-ELVA) across multiple technical time frames, alongside analyst recommendation data, to form a faster read on market positioning and near-term sentiment.

Technical Signals by Time Frame

Switch between time frames to review the current technical signal for the stock.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: 15-minute • intraday
Strong Buy

The 15-minute technical read for Electrovaya Inc (NASDAQ-ELVA) is currently Strong Buy. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: 1-hour • short-term
Strong Buy

The 1-hour technical read for Electrovaya Inc (NASDAQ-ELVA) is currently Strong Buy. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: daily • daily
Strong Sell

The daily technical read for Electrovaya Inc (NASDAQ-ELVA) is currently Strong Sell. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: weekly • weekly
Strong Sell

The weekly technical read for Electrovaya Inc (NASDAQ-ELVA) is currently Strong Sell. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: monthly • monthly
Neutral

The monthly technical read for Electrovaya Inc (NASDAQ-ELVA) is currently Neutral. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Analyst Consensus for Electrovaya Inc (NASDAQ-ELVA)

A consolidated view of buy, hold and sell recommendations based on the currently available analyst data.

Strong Sell Sell Neutral Buy Strong Buy
Consolidated analyst recommendation mix
Strong Buy

Based on the available recommendation mix, Electrovaya Inc (NASDAQ-ELVA) has a Strong Buy consensus, with 6 buy, 0 hold and 0 sell recommendations in the current data set.

Buy 6
Hold 0
Sell 0
FAQ Fast Investor Answers

Electrovaya Inc (NASDAQ-ELVA) Stock FAQ

Data-supported answers about Electrovaya Inc (NASDAQ-ELVA), including explicit coverage status where a reliable valuation estimate is not currently available.

Fair Value
$6.45
Estimated downside 2.4%
Valuation Rating
Overvalued
Estimated downside of 2.4%
Analyst Target
$14.60
Implied upside 120.9%
Financial Health
Fair
Current financial-health read

The current fair value estimate for Electrovaya Inc (NASDAQ-ELVA) is $6.45. This implies an estimated downside of 2.4% versus the current market price.

Based on the current fair value estimate, the stock appears overvalued, with estimated downside of 2.4% versus the current market price.

The available analyst price target for Electrovaya Inc (NASDAQ-ELVA) is $14.60. The analyst target implies estimated upside of 120.9%.

The current financial health read for Electrovaya Inc (NASDAQ-ELVA) is Fair. This should be reviewed alongside valuation, profitability, debt and cash-flow quality metrics.

The next earnings date currently listed for Electrovaya Inc (NASDAQ-ELVA) is December 11, 2026.

The latest available data indicates no current dividend yield for Electrovaya Inc (NASDAQ-ELVA).

The current P/E ratio listed for Electrovaya Inc (NASDAQ-ELVA) is 75.0x. Use it together with growth, margins and sector comparisons rather than as a standalone valuation signal.

The current market capitalization listed for Electrovaya Inc is 330.5 M.

The current enterprise value listed for Electrovaya Inc is 358.9 M. Enterprise value can provide a broader valuation view than market capitalization alone because it also considers net debt.

The ticker symbol for Electrovaya Inc is NASDAQ-ELVA, and the stock is listed on NASDAQ.

Electrovaya Inc (NASDAQ-ELVA) is listed on NASDAQ.

The current debt-to-total-capital ratio listed for Electrovaya Inc is 11.2%, which helps investors evaluate the company’s financing structure and leverage profile.

The free float listed for Electrovaya Inc is 65.1%. Free float helps investors understand how much of the share base is available for public trading.