HC Wainwright Forecasts Electrovaya Q1 Earnings

by · The Cerbat Gem

Electrovaya Inc. (NASDAQ:ELVA – Free Report) – HC Wainwright issued their Q1 2026 EPS estimates for shares of Electrovaya in a report released on Friday, December 12th. HC Wainwright analyst A. Dayal anticipates that the company will post earnings per share of $0.01 for the quarter. The consensus estimate for Electrovaya’s current full-year earnings is $0.10 per share. HC Wainwright also issued estimates for Electrovaya’s Q2 2026 earnings at $0.02 EPS, Q3 2026 earnings at $0.03 EPS, Q4 2026 earnings at $0.07 EPS, FY2026 earnings at $0.12 EPS, FY2028 earnings at $0.60 EPS, FY2029 earnings at $0.76 EPS and FY2030 earnings at $0.95 EPS.

A number of other research firms have also recently issued reports on ELVA. Roth Capital set a $7.00 price target on Electrovaya in a report on Thursday, December 11th. Weiss Ratings reissued a “hold (c-)” rating on shares of Electrovaya in a research note on Monday. Raymond James Financial restated a “strong-buy” rating and issued a $9.50 price objective on shares of Electrovaya in a research report on Thursday, December 11th. Zacks Research upgraded Electrovaya from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Finally, Wall Street Zen downgraded Electrovaya from a “buy” rating to a “hold” rating in a research report on Sunday, September 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $7.88.

View Our Latest Report on Electrovaya

Electrovaya Trading Down 1.7%

Shares of ELVA opened at $6.55 on Monday. The stock has a fifty day moving average price of $5.71 and a two-hundred day moving average price of $5.09. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.88 and a current ratio of 4.03. The company has a market cap of $311.19 million, a price-to-earnings ratio of 72.79 and a beta of 1.66. Electrovaya has a 52-week low of $1.80 and a 52-week high of $7.72.

Electrovaya (NASDAQ:ELVA – Get Free Report) last posted its earnings results on Wednesday, December 10th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The company had revenue of $20.51 million during the quarter, compared to analysts’ expectations of $20.26 million. Electrovaya had a net margin of 5.27% and a return on equity of 15.88%.

Institutional Trading of Electrovaya

Institutional investors and hedge funds have recently modified their holdings of the stock. Solstein Capital LLC acquired a new position in Electrovaya during the third quarter valued at approximately $29,000. Global Retirement Partners LLC bought a new position in Electrovaya during the third quarter worth about $46,000. Dimensional Fund Advisors LP bought a new stake in shares of Electrovaya in the third quarter worth about $74,000. Millennium Management LLC acquired a new stake in shares of Electrovaya during the third quarter worth about $95,000. Finally, Virtu Financial LLC bought a new position in shares of Electrovaya during the 3rd quarter valued at about $96,000. 22.47% of the stock is owned by institutional investors.

About Electrovaya

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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.

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