HC Wainwright Reduces Earnings Estimates for Electrovaya

Electrovaya Inc. (NASDAQ:ELVA) – Investment analysts at HC Wainwright reduced their FY2025 earnings per share (EPS) estimates for Electrovaya in a report released on Thursday, May 15th. HC Wainwright analyst A. Dayal now anticipates that the company will earn $0.05 per share for the year, down from their previous forecast of $0.07. HC Wainwright currently has a “Buy” rating and a $10.00 target price on the stock. The consensus estimate for Electrovaya’s current full-year earnings is $0.10 per share. HC Wainwright also issued estimates for Electrovaya’s Q4 2025 earnings at $0.03 EPS, FY2026 earnings at $0.17 EPS, FY2027 earnings at $0.42 EPS, FY2028 earnings at $0.65 EPS and FY2029 earnings at $0.84 EPS.

Electrovaya (NASDAQ:ELVA) last posted its quarterly earnings data on Wednesday, May 14th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). Electrovaya had a negative return on equity of 15.42% and a negative net margin of 3.88%. The firm had revenue of $15.02 million for the quarter, compared to analyst estimates of $15.95 million.

Several other analysts have also issued reports on the company. Raymond James set a $4.50 target price on Electrovaya and gave the stock a “strong-buy” rating in a report on Thursday, January 30th. Roth Mkm reiterated a “buy” rating and set a $5.00 target price (up previously from $4.00) on shares of Electrovaya in a report on Friday, February 14th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $6.10.

Electrovaya Stock Performance

ELVA opened at $3.04 on Friday. Electrovaya has a 52-week low of $1.67 and a 52-week high of $3.12. The firm has a market capitalization of $121.93 million, a PE ratio of -76.00 and a beta of 1.22. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.69 and a current ratio of 1.55. The business’s 50-day simple moving average is $2.58 and its 200 day simple moving average is $2.48.

Institutional Trading of Electrovaya

Several institutional investors and hedge funds have recently bought and sold shares of ELVA. Penbrook Management LLC bought a new stake in Electrovaya in the fourth quarter valued at approximately $448,000. AIGH Capital Management LLC raised its stake in Electrovaya by 3.2% in the fourth quarter. AIGH Capital Management LLC now owns 2,525,099 shares of the company’s stock valued at $6,262,000 after buying an additional 77,473 shares during the period. WealthTrust Axiom LLC raised its stake in Electrovaya by 181.2% in the fourth quarter. WealthTrust Axiom LLC now owns 168,450 shares of the company’s stock valued at $418,000 after buying an additional 108,550 shares during the period. XTX Topco Ltd bought a new stake in Electrovaya in the fourth quarter valued at approximately $27,000. Finally, Herald Investment Management Ltd raised its stake in Electrovaya by 372.0% in the fourth quarter. Herald Investment Management Ltd now owns 1,180,000 shares of the company’s stock valued at $2,856,000 after buying an additional 930,000 shares during the period. Institutional investors own 22.47% of the company’s stock.

About Electrovaya

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 offers lithium-ion batteries and systems for materials handling electric vehicles, including forklifts and automated guided vehicles, as well as battery chargers to charge the batteries; electromotive power products for electric trucks, electric buses, and other transportation applications; industrial products for energy storage; and power solutions, such as competencies in building systems for third parties.