Q1 Earnings Forecast for Electrovaya Issued By HC Wainwright

Electrovaya Inc. (NASDAQ:ELVA) – Research analysts at HC Wainwright issued their Q1 2025 EPS estimates for shares of Electrovaya in a report issued on Friday, December 13th. HC Wainwright analyst A. Dayal expects that the company will post earnings per share of $0.00 for the quarter. HC Wainwright currently has a “Buy” rating and a $10.00 target price on the stock. The consensus estimate for Electrovaya’s current full-year earnings is ($0.05) per share. HC Wainwright also issued estimates for Electrovaya’s Q2 2025 earnings at $0.02 EPS, Q3 2025 earnings at $0.03 EPS, Q4 2025 earnings at $0.06 EPS and FY2029 earnings at $1.00 EPS.

Separately, Alliance Global Partners initiated coverage on Electrovaya in a research report on Thursday, September 26th. They issued a “buy” rating and a $5.00 price target for the company. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $7.25.

Electrovaya Stock Performance

Shares of ELVA stock opened at $2.15 on Monday. The stock has a fifty day moving average price of $2.36 and a 200 day moving average price of $2.37. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.54 and a current ratio of 0.99. The stock has a market cap of $73.40 million, a PE ratio of -71.67 and a beta of 1.91. Electrovaya has a 1 year low of $1.67 and a 1 year high of $4.58.

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.