Brokers Offer Predictions for Electrovaya FY2025 Earnings

Electrovaya Inc. (NASDAQ:ELVA) – Equities research analysts at Raymond James issued their FY2025 earnings per share (EPS) estimates for Electrovaya in a report issued on Wednesday, January 22nd. Raymond James analyst D. Magder forecasts that the company will post earnings of $0.05 per share for the year. Raymond James currently has a “Strong-Buy” rating on the stock. The consensus estimate for Electrovaya’s current full-year earnings is $0.13 per share. Raymond James also issued estimates for Electrovaya’s FY2026 earnings at $0.17 EPS and FY2027 earnings at $0.28 EPS.

Separately, HC Wainwright dropped their price target on shares of Electrovaya from $16.00 to $10.00 and set a “buy” rating for the company in a research note on Friday, December 13th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $6.70.

Electrovaya Stock Up 1.1 %

Shares of ELVA opened at $2.74 on Monday. The stock has a market capitalization of $109.85 million, a price-to-earnings ratio of -91.33 and a beta of 1.84. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.69 and a current ratio of 1.03. Electrovaya has a one year low of $1.67 and a one year high of $4.35. The stock has a 50 day moving average price of $2.50 and a 200 day moving average price of $2.31.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Electrovaya stock. Penbrook Management LLC purchased a new position in shares of Electrovaya Inc. (NASDAQ:ELVA) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 183,215 shares of the company’s stock, valued at approximately $448,000. Penbrook Management LLC owned approximately 0.46% of Electrovaya at the end of the most recent reporting period. 22.47% of the stock is currently owned by institutional investors.

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.