Electrovaya (NASDAQ:ELVA) Issues Earnings Results, Misses Estimates By $0.02 EPS

Posted by Francis Steltz on Aug 12th, 2026

Electrovaya (NASDAQ:ELVA – Get Free Report) issued its quarterly earnings data on Monday. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.02), Zacks reports. Electrovaya had a net margin of 6.14% and a return on equity of 8.58%. The firm had revenue of $17.71 million during the quarter, compared to the consensus estimate of $21.44 million.

Electrovaya Stock Up 1.0%

NASDAQ:ELVA traded up $0.07 on Wednesday, hitting $7.40. 438,570 shares of the company’s stock were exchanged, compared to its average volume of 715,813. The firm has a 50-day moving average price of $9.45 and a 200-day moving average price of $9.25. Electrovaya has a 52 week low of $4.10 and a 52 week high of $12.78. The company has a debt-to-equity ratio of 0.54, a current ratio of 7.66 and a quick ratio of 5.93. The company has a market cap of $366.35 million, a P/E ratio of 67.28, a price-to-earnings-growth ratio of 1.24 and a beta of 1.69.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. State Street Corp acquired a new stake in Electrovaya in the fourth quarter valued at $267,000. Wells Fargo & Company MN raised its holdings in shares of Electrovaya by 286.8% in the 4th quarter. Wells Fargo & Company MN now owns 15,510 shares of the company’s stock valued at $123,000 after purchasing an additional 11,500 shares during the period. Dimensional Fund Advisors LP lifted its stake in Electrovaya by 297.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 48,925 shares of the company’s stock valued at $386,000 after purchasing an additional 36,601 shares during the last quarter. LPL Financial LLC acquired a new stake in Electrovaya in the 4th quarter valued at about $219,000. Finally, Geode Capital Management LLC grew its holdings in Electrovaya by 76.5% during the fourth quarter. Geode Capital Management LLC now owns 25,962 shares of the company’s stock worth $205,000 after purchasing an additional 11,253 shares during the period. Institutional investors and hedge funds own 22.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Electrovaya in a report on Wednesday, June 24th. Roth Capital restated a “buy” rating on shares of Electrovaya in a research note on Wednesday, July 15th. Oppenheimer reduced their price objective on shares of Electrovaya from $14.00 to $13.00 and set an “outperform” rating for the company in a research note on Wednesday. HC Wainwright raised their target price on shares of Electrovaya from $10.00 to $15.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of Electrovaya in a research note on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $17.50.

Get Our Latest Stock Analysis on Electrovaya

Electrovaya Company Profile

(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.