Electrovaya Inc. (NASDAQ:ELVA) Receives Average Recommendation of “Moderate Buy” from Analysts

Posted by Francis Steltz on May 15th, 2026

Shares of Electrovaya Inc. (NASDAQ:ELVA – Get Free Report) have earned an average recommendation of “Moderate Buy” from the five brokerages that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $11.1667.

A number of equities analysts have commented on ELVA shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Electrovaya in a research report on Friday, March 27th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Electrovaya in a research report on Wednesday, March 18th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $10.00 target price on shares of Electrovaya in a research report on Friday, February 13th.

Check Out Our Latest Report on Electrovaya

Electrovaya Stock Up 5.8%

ELVA opened at $11.16 on Friday. The company has a current ratio of 6.02, a quick ratio of 4.69 and a debt-to-equity ratio of 0.48. The business has a 50 day moving average of $8.76 and a 200-day moving average of $7.86. Electrovaya has a 1-year low of $2.81 and a 1-year high of $11.88. The stock has a market capitalization of $552.53 million, a price-to-earnings ratio of 93.01, a P/E/G ratio of 1.31 and a beta of 1.44.

Electrovaya (NASDAQ:ELVA – Get Free Report) last posted its earnings results on Thursday, May 14th. The company reported $999.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $998.99. Electrovaya had a net margin of 7.07% and a return on equity of 14.29%. As a group, sell-side analysts anticipate that Electrovaya will post 0.15 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Allworth Financial LP increased its holdings in Electrovaya by 4,900.0% during the fourth quarter. Allworth Financial LP now owns 4,000 shares of the company’s stock valued at $32,000 after buying an additional 3,920 shares during the last quarter. Solstein Capital LLC purchased a new position in shares of Electrovaya during the 3rd quarter worth about $29,000. Global Retirement Partners LLC purchased a new position in Electrovaya during the 3rd quarter valued at $46,000. TD Waterhouse Canada Inc. lifted its position in shares of Electrovaya by 737.3% in the 4th quarter. TD Waterhouse Canada Inc. now owns 9,085 shares of the company’s stock worth $72,000 after purchasing an additional 8,000 shares during the period. Finally, Lazard Asset Management LLC lifted its stake in shares of Electrovaya by 10.3% during the 4th quarter. Lazard Asset Management LLC now owns 86,347 shares of the company’s stock worth $682,000 after purchasing an additional 8,090 shares during the last quarter. Institutional investors own 22.47% of the company’s stock.

About Electrovaya

(Get Free Report)

Electrovaya is a Canada-based energy storage company that designs and manufactures advanced lithium-ion battery systems and components. The company’s core business revolves around the development of proprietary electrode and cell technologies that deliver high energy density, rapid charge capability and enhanced safety features. Electrovaya’s product portfolio encompasses large-format battery cells, modules, complete battery packs and integrated energy storage systems tailored to industrial, commercial and utility-scale applications.

In the industrial sector, Electrovaya supplies modular battery systems for material-handling equipment such as electric forklifts, automated guided vehicles and airport ground support vehicles.