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 between the core stock analysis sections, valuation data, fair value models, technical outlook, and FAQ.

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 Upcoming Dividend Ex-Date Dividend Payment Date Upcoming Dividend 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 Payout Ratio Free Cash Flow / Net Income
NASDAQ-ELVA
$7.68
-24.9% Downside
Overvalued
$17.75
73.5% Upside
Bargain
Good
0.0%
August 12, 2026
90.2x
7.2x
6.3x
451.7 M
465.5 M
7.1%
64.8%
5.0
-95.0%
Valuation • Fair Value

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

Compare the primary fair value estimate for Electrovaya Inc (NASDAQ-ELVA) with model-based valuation references such as DCF, Ben Graham, DDM, EPV and comparable-company valuation.

Primary Valuation Read

Fair Value

$7.68

Estimated downside of 24.9% versus the current market price.

Fair Value Confidence

Med

Confidence level for the primary fair value estimate.

DCF Fair Value

$9.88

Discounted cash flow valuation reference.

Ben Graham Formula Value

$1.12

Classic Ben Graham valuation formula reference.

DDM Fair Value

NM

Dividend discount model valuation reference.

EPV Fair Value

NM

Earnings power value estimate.

Comps Fair Value

$5.85

Comparable-company valuation reference.

Analyst Price Target

$17.75

Analysts imply upside of 73.5%.

How to read these valuation models

Use this section to compare the primary fair value estimate for Electrovaya Inc (NASDAQ-ELVA) with several model-based valuation references. Different models can produce different outputs because each method relies on a different set of assumptions, so the primary fair value estimate should be read alongside the model spread rather than in isolation.

Profitability • Growth

Profitability & Growth for Electrovaya Inc (NASDAQ-ELVA)

A compact read on revenue, forward revenue expectations, EBITDA and operating profitability trends.

Revenue

71.241 M

Current operating scale indicator.

Revenue Forecast

81.1 M

Forward revenue estimate.

EBITDA

8.926 M

Current operating profitability reference.

EBITDA Forecast

13 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 financial health, earnings quality and balance-sheet risk through Piotroski, Beneish, Altman and cash conversion metrics.

Financial Health

Good

Positive financial-health read.

Piotroski Score

7

Relatively strong quality score.

Beneish M-Score

1.09

Higher caution zone on this screen.

Altman Z-Score

5.0

Relatively strong balance-sheet zone.

FCF / Net Income

-95.0%

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 next earnings date, ex-dividend date, dividend payment date, dividend yield and upcoming distribution details where available.

Next Earnings Date

August 12, 2026

Days to Earnings

22

Dividend Payment Date

Not available

Ex-Dividend Date

Not available

Dividend Yield

0.0%

Income yield reference.

Upcoming Dividend

Not available

Data is currently unavailable.

Payment Type

Not available

Data is currently unavailable.

Dividend Currency

Not available

Data is currently unavailable.

Payout Ratio

Not available

Data is currently unavailable.

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 Buy

The daily 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: weekly • weekly
Strong Buy

The weekly 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: monthly • monthly
Strong Buy

The monthly 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.

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

Quick answers about Electrovaya Inc (NASDAQ-ELVA) stock, including fair value, valuation rating, analyst price target, dividends, earnings dates, market capitalization, financial health and other key stock analysis metrics.

Fair Value
$7.68
Estimated downside 24.9%
Valuation Rating
Overvalued
Estimated downside of 24.9%
Analyst Target
$17.75
Implied upside 73.5%
Financial Health
Good
Current financial-health read

The current fair value estimate for Electrovaya Inc (NASDAQ-ELVA) is $7.68. This implies an estimated downside of 24.9% versus the current market price.

Based on the current fair value estimate, the stock appears overvalued, with estimated downside of 24.9% versus the current market price.

The available analyst price target for Electrovaya Inc (NASDAQ-ELVA) is $17.75. The analyst target implies estimated upside of 73.5%.

The current financial health read for Electrovaya Inc (NASDAQ-ELVA) is Good. 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 August 12, 2026.

Based on the current data, dividend yield is 0.0%.

The current P/E ratio listed for Electrovaya Inc (NASDAQ-ELVA) is 90.2x. 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 451.7 M.

The current enterprise value listed for Electrovaya Inc is 465.5 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 7.1%, which helps investors evaluate the company’s financing structure and leverage profile.

The free float listed for Electrovaya Inc is 64.8%. Free float helps investors understand how much of the share base is available for public trading.