Q2 EPS Estimates for Electrovaya Reduced by HC Wainwright

Electrovaya Inc. (NASDAQ:ELVA) – Analysts at HC Wainwright dropped their Q2 2026 earnings estimates for Electrovaya in a research report issued on Friday, February 13th. HC Wainwright analyst A. Dayal now anticipates that the company will post earnings per share of $0.01 for the quarter, down from their previous estimate of $0.02. The consensus estimate for Electrovaya’s current full-year earnings is $0.10 per share. HC Wainwright also issued estimates for Electrovaya’s Q3 2026 earnings at $0.02 EPS, Q4 2026 earnings at $0.06 EPS, FY2026 earnings at $0.11 EPS and FY2030 earnings at $0.96 EPS.

A number of other research firms have also weighed in on ELVA. Zacks Research raised Electrovaya from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Roth Mkm reiterated a “buy” rating and set a $10.00 price target on shares of Electrovaya in a report on Friday. Weiss Ratings reissued a “hold (c)” rating on shares of Electrovaya in a research report on Monday, December 29th. Oppenheimer began coverage on shares of Electrovaya in a research report on Thursday, December 18th. They set an “outperform” rating and a $14.00 price objective for the company. Finally, Raymond James Financial reiterated a “strong-buy” rating and issued a $9.50 target price on shares of Electrovaya in a report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Electrovaya has a consensus rating of “Moderate Buy” and a consensus target price of $11.17.

Electrovaya Price Performance

ELVA stock opened at $7.75 on Monday. Electrovaya has a 1 year low of $1.80 and a 1 year high of $11.88. The company has a debt-to-equity ratio of 0.71, a current ratio of 4.16 and a quick ratio of 2.93. The firm has a market capitalization of $371.69 million, a PE ratio of 64.59 and a beta of 1.35. The business has a 50 day simple moving average of $8.63 and a 200-day simple moving average of $6.72.

Electrovaya (NASDAQ:ELVA) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01. Electrovaya had a net margin of 7.07% and a return on equity of 19.39%. The company had revenue of $15.50 million during the quarter, compared to analysts’ expectations of $16.71 million.

Institutional Investors Weigh In On Electrovaya

A number of institutional investors have recently modified their holdings of ELVA. AMH Equity Ltd raised its holdings in shares of Electrovaya by 100.0% in the 2nd quarter. AMH Equity Ltd now owns 200,000 shares of the company’s stock valued at $682,000 after buying an additional 100,000 shares during the period. WealthTrust Axiom LLC increased its stake in Electrovaya by 5.5% during the second quarter. WealthTrust Axiom LLC now owns 415,604 shares of the company’s stock worth $1,417,000 after purchasing an additional 21,525 shares during the period. Mink Brook Asset Management LLC lifted its position in shares of Electrovaya by 4.4% during the second quarter. Mink Brook Asset Management LLC now owns 395,101 shares of the company’s stock worth $1,347,000 after purchasing an additional 16,713 shares in the last quarter. Calamos Advisors LLC acquired a new stake in shares of Electrovaya during the third quarter worth about $419,000. Finally, Global Retirement Partners LLC purchased a new position in shares of Electrovaya in the third quarter valued at approximately $46,000. 22.47% of the stock is owned by institutional investors and hedge funds.

Electrovaya Company Profile

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.