FY2027 EPS Estimates for Electrovaya Cut by HC Wainwright

Electrovaya Inc. (NASDAQ:ELVA) – Stock analysts at HC Wainwright reduced their FY2027 earnings estimates for Electrovaya in a research report issued on Friday, May 15th. HC Wainwright analyst A. Dayal now forecasts that the company will post earnings per share of $0.15 for the year, down from their previous forecast of $0.29. HC Wainwright has a “Buy” rating and a $15.00 price objective on the stock. The consensus estimate for Electrovaya’s current full-year earnings is $0.14 per share. HC Wainwright also issued estimates for Electrovaya’s FY2028 earnings at $0.42 EPS.

Electrovaya (NASDAQ:ELVA) last posted its earnings results on Thursday, May 14th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. Electrovaya had a return on equity of 13.21% and a net margin of 7.03%.The firm had revenue of $18.05 million for the quarter, compared to the consensus estimate of $17.74 million.

Other equities analysts also recently issued research reports about the company. Raymond James Financial reiterated a “strong-buy” rating on shares of Electrovaya in a report on Wednesday, March 18th. Roth Mkm restated a “buy” rating and set a $12.00 target price on shares of Electrovaya in a report on Friday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Electrovaya in a research report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $12.63.

Electrovaya Trading Up 2.3%

ELVA opened at $9.77 on Tuesday. The company has a quick ratio of 4.69, a current ratio of 6.02 and a debt-to-equity ratio of 0.48. Electrovaya has a 52 week low of $2.98 and a 52 week high of $11.88. The stock has a market cap of $483.71 million, a PE ratio of 81.42, a PEG ratio of 1.26 and a beta of 1.44. The business has a 50 day moving average of $8.83 and a 200-day moving average of $7.91.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Polar Asset Management Partners Inc. raised its stake in Electrovaya by 145.5% during the fourth quarter. Polar Asset Management Partners Inc. now owns 1,174,800 shares of the company’s stock valued at $9,281,000 after buying an additional 696,320 shares during the last quarter. Thompson Siegel & Walmsley LLC purchased a new stake in shares of Electrovaya in the fourth quarter worth $4,976,000. WealthTrust Axiom LLC grew its stake in shares of Electrovaya by 23.1% in the fourth quarter. WealthTrust Axiom LLC now owns 505,854 shares of the company’s stock worth $3,996,000 after acquiring an additional 94,950 shares during the last quarter. Mink Brook Asset Management LLC increased its holdings 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 valued at $1,347,000 after acquiring an additional 16,713 shares in the last quarter. Finally, Penbrook Management LLC raised its position in shares of Electrovaya by 13.6% in the 4th quarter. Penbrook Management LLC now owns 349,861 shares of the company’s stock worth $2,764,000 after purchasing an additional 41,950 shares during the last quarter. Institutional investors own 22.47% of the company’s stock.

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.