Electrovaya Inc. (NASDAQ:ELVA – Free Report) – Equities researchers at Seaport Res Ptn boosted their Q4 2025 earnings per share estimates for Electrovaya in a research report issued to clients and investors on Friday, August 29th. Seaport Res Ptn analyst J. Campbell now forecasts that the company will earn $0.07 per share for the quarter, up from their prior estimate of $0.04. The consensus estimate for Electrovaya’s current full-year earnings is $0.10 per share. Seaport Res Ptn also issued estimates for Electrovaya’s Q3 2026 earnings at $0.07 EPS, Q1 2027 earnings at $0.09 EPS, Q2 2027 earnings at $0.11 EPS, Q3 2027 earnings at $0.12 EPS and FY2027 earnings at $0.44 EPS.
ELVA has been the subject of a number of other research reports. Zacks Research cut shares of Electrovaya from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 13th. Wall Street Zen downgraded Electrovaya from a “buy” rating to a “hold” rating in a research report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $6.13.
Electrovaya Trading Up 0.5%
NASDAQ ELVA opened at $6.07 on Monday. Electrovaya has a one year low of $1.73 and a one year high of $6.20. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.88 and a current ratio of 4.03. The company has a market capitalization of $243.47 million, a price-to-earnings ratio of 202.40 and a beta of 1.58. The company’s 50-day simple moving average is $4.31 and its two-hundred day simple moving average is $3.27.
Electrovaya (NASDAQ:ELVA – Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.02). The firm had revenue of $17.13 million during the quarter, compared to the consensus estimate of $17.25 million. Electrovaya had a return on equity of 6.66% and a net margin of 2.19%. Electrovaya has set its FY 2025 guidance at EPS.
Hedge Funds Weigh In On Electrovaya
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC purchased a new stake in Electrovaya during the 4th quarter valued at about $64,000. AMH Equity Ltd acquired a new stake in shares of Electrovaya during the first quarter worth about $231,000. WealthTrust Axiom LLC lifted its holdings in shares of Electrovaya by 133.9% during the first quarter. WealthTrust Axiom LLC now owns 394,079 shares of the company’s stock worth $910,000 after purchasing an additional 225,629 shares during the period. Polar Asset Management Partners Inc. purchased a new stake in Electrovaya in the fourth quarter valued at approximately $5,372,000. Finally, Mink Brook Asset Management LLC acquired a new position in Electrovaya in the 4th quarter worth approximately $867,000. Hedge funds and other 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.
Recommended Stories
- Five stocks we like better than Electrovaya
- What Investors Need to Know About Upcoming IPOs
- Auto Tariffs Are Coming Down: 3 Stocks to Benefit Soon
- Are Penny Stocks a Good Fit for Your Portfolio?
- Tencent Music Stock Outshines Spotify as China’s Music Giant
- What is the NASDAQ Stock Exchange?
- DICKS’s Sporting Goods Stock Dropped After Earnings—Is It a Buy?
Receive News & Ratings for Electrovaya Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electrovaya and related companies with MarketBeat.com's FREE daily email newsletter.