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ELVA Stock Forecast 2026-2027
$8.62
Current Price
$425.69M
Market Cap
Buy 6
Hold 0
Sell 0
Wall St Analyst Ratings
Distance to ELVA Price Targets
+39.2%
To High Target of $12.00
+16.0%
To Median Target of $10.00
-30.4%
To Low Target of $6.00
ELVA Price Momentum
+10.7%
1 Week Change
+11.2%
1 Month Change
+250.4%
1 Year Change
+9.1%
Year-to-Date Change
-27.4%
From 52W High of $11.88
+283.1%
From 52W Low of $2.25
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Did ELVA Make This Month's Elite Buy List?
We don't follow just any analyst — only the top 3% with a proven track record make our cut. See if Electrovaya is one of their latest high-conviction picks.
Latest ELVA Stock Price Targets & Analyst Predictions
Based on our analysis of 7 Wall Street analysts, ELVA has a bullish consensus with a median price target of $10.00 (ranging from $6.00 to $12.00). The overall analyst rating is Strong Buy (10.0/10). Currently trading at $8.62, the median forecast implies a 16.0% upside. This outlook is supported by 6 Buy, 0 Hold, and 0 Sell ratings.
Conversely, the most conservative target is provided by Eric Stine at Craig-Hallum, suggesting a 30.4% downside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
ELVA Analyst Ratings
6
Buy
0
Hold
0
Sell
ELVA Price Target Range
Low
$6.00
Average
$10.00
High
$12.00
Current: $8.62
Latest ELVA Stock Forecasts by Analyst
These are the latest 20 analyst ratings and price targets for ELVA.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| Dec 18, 2025 | Oppenheimer | Colin Rusch | Outperform | Initiates | $14.00 |
| Feb 14, 2025 | HC Wainwright & Co. | Amit Dayal | Buy | Reiterates | $10.00 |
| Feb 14, 2025 | Roth MKM | Craig Irwin | Buy | Reiterates | $5.00 |
| Jan 23, 2025 | Raymond James | Daniel Magder | Strong Buy | Initiates | $4.50 |
| Dec 13, 2024 | HC Wainwright & Co. | Amit Dayal | Buy | Maintains | $10.00 |
| Sep 26, 2024 | Alliance Global Partners | Jeff Grampp | Buy | Initiates | $5.00 |
| Aug 14, 2024 | HC Wainwright & Co. | Amit Dayal | Buy | Reiterates | $16.00 |
| Aug 14, 2024 | Craig-Hallum | Eric Stine | Buy | Maintains | $6.00 |
| Jun 14, 2024 | HC Wainwright & Co. | Amit Dayal | Buy | Reiterates | $16.00 |
| May 15, 2024 | Craig-Hallum | Eric Stine | Buy | Maintains | $9.00 |
| May 15, 2024 | HC Wainwright & Co. | Amit Dayal | Buy | Reiterates | $16.00 |
| May 15, 2024 | Roth MKM | Craig Irwin | Buy | Maintains | $8.00 |
| Mar 26, 2024 | Roth MKM | Craig Irwin | Buy | Maintains | $8.00 |
| Mar 6, 2024 | Roth MKM | Craig Irwin | Buy | Initiates | $8.00 |
| Jan 4, 2024 | Craig-Hallum | Eric Stine | Buy | Maintains | $10.00 |
| Oct 26, 2023 | Seaport Global | Jeff Campbell | Buy | Initiates | $7.00 |
| Aug 16, 2023 | HC Wainwright & Co. | Amit Dayal | Buy | Reiterates | $16.00 |
Electrovaya Inc. (ELVA) Competitors
The following stocks are similar to Electrovaya based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
Electrovaya Inc. (ELVA) Financial Data
Electrovaya Inc. has a market capitalization of $425.69M with a P/E ratio of 79.5x. The company generates $63.83M in trailing twelve-month revenue with a 5.3% profit margin.
Revenue growth is +77.5% quarter-over-quarter, while maintaining an operating margin of +11.6% and return on equity of +16.9%.
Valuation Metrics
Market Cap
$425.69M
Enterprise Value
$342.55M
P/E Ratio
79.5x
PEG Ratio
-0.3x
Price/Sales
6.8x
Growth & Margins
Revenue Growth (YoY)
+77.5%
Gross Margin
+32.9%
Operating Margin
+11.6%
Net Margin
+5.3%
EPS Growth
N/A
Financial Health
Cash/Price Ratio
+1.8%
Current Ratio
4.2x
Debt/Equity
72.5x
ROE
+16.9%
ROA
+6.7%
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Electrovaya Inc. (ELVA) Business Model
About Electrovaya Inc.
What They Do
Manufactures advanced lithium-ion batteries for clean energy.
Business Model
Electrovaya Inc. generates revenue through the design, development, and manufacturing of lithium-ion batteries used in electric vehicles, stationary energy storage, and various industrial applications. Their high-performance battery solutions cater to key industries, enabling efficient energy storage and supporting the transition to sustainable energy.
Additional Information
Based in Ontario, Canada, Electrovaya plays a crucial role in the global shift towards renewable energy, contributing to reduced carbon emissions and promoting greener transportation methods. The company's focus on innovation and safety features in battery technology positions it well within the competitive energy technology market.
Company Information
Sector
Industrials
Industry
Electrical Equipment & Parts
Employees
97
CEO
Dr. Rajshekar Das Gupta Ph.D.
Country
Canada
IPO Year
2001
Website
electrovaya.comElectrovaya Inc. (ELVA) Latest News & Analysis
Latest News
Electrovaya Achieves First UL 2580 Certification for High-Voltage Batter Systems in Its Class
3 days ago
Quick Summary
Electrovaya Inc. (NASDAQ:ELVA) has achieved UL2580 safety certification for six models of its high-voltage lithium-ion battery systems, enhancing its leadership in heavy-duty applications.
Why It Matters
Electrovaya's UL2580 certification enhances its competitive edge in heavy-duty battery systems, potentially boosting market share and investor confidence in future growth.
Source: Accesswire
Market Sentiment:
Neutral
Quick Summary
Electrovaya Inc. (ELVA:CA) reported on advancements in battery technology and outlined its business growth strategy in a recent transcript.
Why It Matters
Electrovaya's advancements in battery technology and growth strategy could enhance its market position, potentially driving revenue and investor interest in the electric vehicle and energy storage sectors.
Source: Seeking Alpha
Market Sentiment:
Neutral
Quick Summary
Electrovaya Inc. announced that all shareholder resolutions were approved at its 2025 Annual General Meeting on February 27, 2026, including the election of six directors.
Why It Matters
Approval of resolutions and directors at Electrovaya's AGM signals strong shareholder confidence, potentially boosting stock stability and attracting new investors.
Source: Accesswire
Market Sentiment:
Neutral
Quick Summary
Electrovaya's ceramic separator battery technology is gaining market traction. Gross margins have improved by 600 bps, and EBITDA has been profitable for 11 quarters, expected to grow 75% in two years.
Why It Matters
Electrovaya's growing market traction, improved margins, and consistent profitability signal strong future financial health, enhancing its attractiveness to investors in the competitive battery sector.
Source: Seeking Alpha
Market Sentiment:
Positive
Quick Summary
Electrovaya Inc. (NASDAQ:ELVA, TSX:ELVA) has secured purchase orders worth $10.5 million for its Infinity battery systems from a Fortune 500 customer for electric vehicles in distribution centers.
Why It Matters
New purchase orders worth $10.5 million from a Fortune 500 client enhance Electrovaya's revenue prospects and validate its technology, positively impacting investor confidence and stock performance.
Source: Accesswire
Market Sentiment:
Neutral
Quick Summary
Electrovaya Inc. (NASDAQ:ELVA)(TSX:ELVA) will host an investor webcast on March 5, 2026, at 2:00 PM EST, featuring CEO Dr. Raj DasGupta and CFO John Gibson discussing corporate strategy and technology.
Why It Matters
The upcoming investor webcast by Electrovaya will provide insights into its corporate strategy and technology, potentially influencing investor sentiment and stock performance.
Source: Accesswire
Market Sentiment:
Neutral
Frequently Asked Questions About ELVA Stock
What is Electrovaya Inc.'s (ELVA) stock forecast for 2026?
Based on our analysis of 7 Wall Street analysts, Electrovaya Inc. (ELVA) has a median price target of $10.00. The highest price target is $12.00 and the lowest is $6.00.
Is ELVA stock a good investment in 2026?
According to current analyst ratings, ELVA has 6 Buy ratings, 0 Hold ratings, and 0 Sell ratings. The stock is currently trading at $8.62. Always conduct your own research and consider your investment goals before making investment decisions.
What is the long-term price prediction for ELVA stock?
Wall Street analysts predict ELVA stock could reach $10.00 in the next 12 months. This represents a 16.0% increase from the current price of $8.62. Please note that this is a projection by Wall Street analysts and not a guarantee.
What is Electrovaya Inc.'s business model?
Electrovaya Inc. generates revenue through the design, development, and manufacturing of lithium-ion batteries used in electric vehicles, stationary energy storage, and various industrial applications. Their high-performance battery solutions cater to key industries, enabling efficient energy storage and supporting the transition to sustainable energy.
What is the highest forecasted price for ELVA Electrovaya Inc.?
The highest price target for ELVA is $12.00 from at , which represents a 39.2% increase from the current price of $8.62.
What is the lowest forecasted price for ELVA Electrovaya Inc.?
The lowest price target for ELVA is $6.00 from Eric Stine at Craig-Hallum, which represents a -30.4% decrease from the current price of $8.62.
What is the overall ELVA consensus from analysts for Electrovaya Inc.?
The overall analyst consensus for ELVA is bullish. Out of 7 Wall Street analysts, 6 rate it as Buy, 0 as Hold, and 0 as Sell, with a median price target of $10.00.
How accurate are ELVA stock price projections?
Stock price projections, including those for Electrovaya Inc., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
Important Disclaimer
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.
Last updated: March 13, 2026 9:45 AM UTC