Seaport Res Ptn Reduces Earnings Estimates for Electrovaya

Electrovaya Inc. (NASDAQ:ELVA) – Investment analysts at Seaport Res Ptn dropped their Q1 2026 EPS estimates for Electrovaya in a report released on Monday, May 19th. Seaport Res Ptn analyst J. Campbell now expects that the company will earn $0.00 per share for the quarter, down from their prior estimate of $0.04. The consensus estimate for Electrovaya’s current full-year earnings is $0.10 per share.

Electrovaya (NASDAQ:ELVA) last issued its earnings results on Wednesday, May 14th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $15.02 million for the quarter, compared to the consensus estimate of $15.95 million.

A number of other brokerages have also weighed in on ELVA. Raymond James set a $4.50 target price on shares of Electrovaya and gave the stock a “strong-buy” rating in a research report on Thursday, January 30th. HC Wainwright reaffirmed a “buy” rating and set a $10.00 price target on shares of Electrovaya in a research note on Friday, February 14th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $5.00 price target (up previously from $4.00) on shares of Electrovaya in a research note on Friday, February 14th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $6.10.

Electrovaya Price Performance

Shares of NASDAQ:ELVA opened at $3.13 on Wednesday. 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 firm has a fifty day moving average price of $2.63 and a 200 day moving average price of $2.50. Electrovaya has a fifty-two week low of $1.67 and a fifty-two week high of $3.44. The firm has a market cap of $125.53 million, a price-to-earnings ratio of -78.25 and a beta of 1.22.

Institutional Investors Weigh In On Electrovaya

Hedge funds have recently bought and sold shares of the business. XTX Topco Ltd purchased a new stake in Electrovaya during the fourth quarter valued at $27,000. Citadel Advisors LLC purchased a new stake in Electrovaya during the fourth quarter valued at $64,000. AMH Equity Ltd purchased a new stake in shares of Electrovaya in the first quarter valued at $231,000. WealthTrust Axiom LLC raised its stake in shares of 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 acquiring an additional 108,550 shares during the period. Finally, Manatuck Hill Partners LLC purchased a new stake in shares of Electrovaya in the fourth quarter valued at $434,000. Hedge funds and other institutional investors own 22.47% of the company’s stock.

Electrovaya Company Profile

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.