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Electrovaya Inc. (ELVA.TO)
CAD15.91
+4.85 (+43.85%)
CA TSX Industrials Electrical Equipment & Parts
Address
6688 Kitimat Road L5N 1P8
Mississauga, ON, CA
Mississauga, ON, CA
CEO
Rajshekar Das Gupta
Website
electrovaya.com
IPO
2000-11-10
ISIN CA28617B6061
Also trades on
NASDAQ Capital Market · ELVA (USD)
Other OTC · EFLVF (USD)
Toronto Stock Exchange · EFL.TO (CAD)
Toronto Stock Exchange · ELVA.TO (CAD)
Description
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 operates infinity battery systems comprising of low and high voltage systems. The company also operates solid state battery technology. In addition, it offers lithium-ion battery systems to power MHEV, including fork-lifts, as well as accessories, such as battery chargers to charge the batteries; lithium-ion batteries for robotic applications; lithium ion battery cell and modules for sales to OEM customers in the defense, construction, and other applications; high voltage battery systems for electric bus, truck, and defense applications; and industrial products for energy storage. The company was formerly known as Electrofuel Inc. and changed its name to Electrovaya Inc. in March 2002. Electrovaya Inc. was incorporated in 1996 and is headquartered in Mississauga, Canada.
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
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Signal Summary
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| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
CAD15.91
+4.85 (+43.85%)
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Volume Profile
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Liquidity & share structure
Average Volume
120.5K
Beta
0.58
Float Shares
29.39M
Free Float %
75.2%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -13.96% | -8.53% | -0.23% | +23.85% | +103.24% | +21.68% | +195.08% | +161.19% | +87.09% | +156.12% | -62.31% |
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From
To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Analyst Consensus (3 ratings, all time)
Buy
Price Targets & DCF
Current price
15.91
Ratings Trend (MoM)
100% Bullish
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 0 | 0 |
| Buy | 6 | 0 |
| Hold | 0 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
Quality scores
Altman Z-Score
5.10
Safe zone
Piotroski F-Score
4 / 9
Average
MOAT Score
0 / 10
No MOAT
Composite Rating
C+
Overall Score
2 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
2 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
-
Revenue growth Electrical Equipment & Parts: +13.1%+43.5% ★ Q1'26: +18.2% (vs Q1'25)
-
EPS growth Electrical Equipment & Parts: +22.4%+283.9% ★ Q1'26: -3.0% (vs Q1'25)
-
FCF margin FCF growth · Electrical Equipment & Parts: +27.2%-7.8% Q1'26: -124.4% (vs Q1'25)
-
EBIT margin Electrical Equipment & Parts: +8.2%+6.1% Q1'26: +8.5% (vs Q1'25)
-
ROIC Electrical Equipment & Parts: +6.4%+8.9% ★ Q1'26: +8.2% (vs Q1'25)
-
Share dilution Electrical Equipment & Parts: +0.0%+21.2% Q1'26: +28.8% (vs Q1'25)
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Debt / EBITDA Net debt/EBITDA · Electrical Equipment & Parts: -0.54×4.15× Q1'26: 4.43× (vs Q1'25)
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
Theoretical Return — If Invested Today
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Consensus Estimates
| Metric |
Sep 2015 actual |
Sep 2016 actual |
Sep 2017 actual |
Sep 2018 actual |
Sep 2019 actual |
Sep 2020 actual |
Sep 2021 actual |
Sep 2022 actual |
Sep 2023 actual |
Sep 2024 actual |
Sep 2025 actual |
Sep 2026 4 Rev. Ana. 5 EPS Ana. |
Sep 2027 6 Rev. Ana. 4 EPS Ana. |
Sep 2028 2 Rev. Ana. 2 EPS Ana. |
Sep 2029 1 Rev. Ana. 1 EPS Ana. |
Sep 2030 1 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
16.57M
est: 28.43M (-41.7%)
|
19.54M
est: 19.70M (-0.9%)
|
8.77M
est: 12.26M (-28.5%)
|
5.63M
est: 8.57M (-34.3%)
|
4.89M
est: 4.88M (+0.2%)
|
13.67M
est: 13.90M (-1.7%)
|
9.92M
est: 11.76M (-15.7%)
|
15.62M
est: 19.71M (-20.7%)
|
43.37M
est: 36.68M (+18.2%)
|
44.59M
est: 45.03M (-1.0%)
|
63.98M
est: 63.56M (+0.7%)
|
81.87M
81.02M – 83.25M
+28.8% YoY
|
121.30M
107.61M – 147.41M
+48.2% YoY
|
161.10M
149.49M – 183.05M
+32.8% YoY
|
243.14M
225.62M – 276.28M
+50.9% YoY
|
316.30M
293.51M – 359.41M
+30.1% YoY
|
| EBITDA |
-1.43M
est: -2.57M (+44.2%)
|
-7.18M
est: -1.78M (-303.8%)
|
-1.41M
est: -1.11M (-27.6%)
|
-6.41M
est: -773.8K (-728.8%)
|
-608.0K
est: -440.5K (-38.0%)
|
4.42M
est: -1.26M (+452.0%)
|
-4.55M
est: -1.06M (-328.0%)
|
-6.42M
est: -1.78M (-260.7%)
|
1.25M
est: -5.06M (+124.7%)
|
2.92M
est: -6.21M (+147.1%)
|
5.44M
est: -8.77M (+162.1%)
|
-11.29M
-11.48M – -11.17M
-28.8% YoY
|
-16.73M
-20.33M – -14.84M
-48.2% YoY
|
-22.22M
-25.25M – -20.62M
-32.8% YoY
|
-33.54M
-38.11M – -31.12M
-50.9% YoY
|
-43.63M
-49.57M – -40.48M
-30.1% YoY
|
| EBIT |
-2.05M
est: -3.29M (+37.6%)
|
-7.76M
est: -2.28M (-240.1%)
|
-1.72M
est: -1.42M (-21.2%)
|
-6.72M
est: -992.7K (-577.0%)
|
-717.0K
est: -565.1K (-26.9%)
|
4.21M
est: -1.61M (+361.4%)
|
-4.87M
est: -1.36M (-257.1%)
|
-6.92M
est: -2.28M (-203.2%)
|
341.0K
est: -6.06M (+105.6%)
|
1.71M
est: -7.44M (+123.0%)
|
3.91M
est: -10.50M (+137.3%)
|
-13.52M
-13.75M – -13.38M
-28.8% YoY
|
-20.03M
-24.35M – -17.77M
-48.2% YoY
|
-26.61M
-30.23M – -24.69M
-32.8% YoY
|
-40.16M
-45.63M – -37.27M
-50.9% YoY
|
-52.24M
-59.36M – -48.48M
-30.1% YoY
|
| Net Income |
-3.19M
est: 1.73M (-284.9%)
|
-8.79M
est: -11.95M (+26.4%)
|
-21.17M
est: -34.29M (+38.3%)
|
-22.66M
est: -40.83M (+44.5%)
|
-2.84M
est: -22.06M (+87.1%)
|
1.11M
est: 3.42M (-67.5%)
|
-7.53M
est: -8.54M (+11.8%)
|
-9.21M
est: -7.76M (-18.7%)
|
-1.48M
est: 327.1K (-552.2%)
|
-1.49M
est: -2.11M (+29.8%)
|
3.36M
est: 4.37M (-23.1%)
|
4.76M
3.83M – 7.32M
+8.8% YoY
|
13.06M
7.96M – 19.10M
+174.5% YoY
|
17.10M
15.78M – 18.42M
+30.9% YoY
|
29.72M
26.94M – 34.99M
+73.8% YoY
|
43.56M
39.48M – 51.28M
+46.6% YoY
|
| SGA |
2.00M
est: 7.82M (-74.4%)
|
5.46M
est: 5.42M (+0.7%)
|
6.80M
est: 3.37M (+101.7%)
|
4.37M
est: 2.36M (+85.3%)
|
3.91M
est: 1.34M (+190.9%)
|
3.05M
est: 3.83M (-20.3%)
|
4.53M
est: 3.24M (+39.9%)
|
5.28M
est: 5.42M (-2.6%)
|
6.75M
est: 9.42M (-28.3%)
|
9.03M
est: 11.56M (-21.9%)
|
8.36M
est: 16.32M (-48.7%)
|
21.02M
20.80M – 21.37M
+28.8% YoY
|
31.14M
27.62M – 37.84M
+48.2% YoY
|
41.35M
38.37M – 46.99M
+32.8% YoY
|
62.42M
57.92M – 70.92M
+50.9% YoY
|
81.20M
75.35M – 92.26M
+30.1% YoY
|
| EPS |
-0.20
est: 0.05 (-495.3%)
|
-0.52
est: -0.35 (-48.5%)
|
-1.20
est: -1.00 (-19.4%)
|
-1.15
est: -1.20 (+3.9%)
|
-0.13
est: -0.65 (+79.9%)
|
0.05
est: 0.10 (-50.2%)
|
-0.27
est: -0.25 (-7.9%)
|
-0.31
est: -0.23 (-36.3%)
|
-0.04
est: 0.01 (-672.2%)
|
-0.04
est: -0.05 (+11.3%)
|
0.09
est: 0.10 (-15.3%)
|
0.12
0.09 – 0.18
+21.2% YoY
|
0.28
0.19 – 0.46
+131.4% YoY
|
0.41
0.38 – 0.45
+45.2% YoY
|
0.72
0.65 – 0.85
+73.8% YoY
|
1.05
0.95 – 1.24
+46.6% YoY
|
Recent Grade Changes (3M)
| Date | Firm | Previous | New Grade | Action |
|---|---|---|---|---|
| 2026-05-15 | HC Wainwright & Co. | Buy | Buy | Maintain |
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-15 | C+ | 2/5 | 1/5 | 3/5 | 4/5 | 2/5 | 1/5 | 1/5 |
| 2026-05-14 | C+ | 2/5 | 1/5 | 3/5 | 4/5 | 2/5 | 1/5 | 1/5 |
| 2026-05-13 | C+ | 2/5 | 1/5 | 3/5 | 4/5 | 2/5 | 1/5 | 1/5 |
| 2026-05-12 | C+ | 2/5 | 1/5 | 3/5 | 4/5 | 2/5 | 1/5 | 1/5 |
| 2026-05-11 | C+ | 2/5 | 1/5 | 3/5 | 4/5 | 2/5 | 1/5 | 1/5 |
| 2026-05-08 | C+ | 2/5 | 1/5 | 3/5 | 4/5 | 2/5 | 1/5 | 1/5 |
| 2026-05-07 | C+ | 2/5 | 1/5 | 3/5 | 4/5 | 2/5 | 1/5 | 1/5 |
| 2026-05-06 | C+ | 2/5 | 1/5 | 3/5 | 4/5 | 2/5 | 1/5 | 1/5 |
| 2026-05-05 | C+ | 2/5 | 1/5 | 3/5 | 4/5 | 2/5 | 1/5 | 1/5 |
| 2026-05-04 | C+ | 2/5 | 1/5 | 3/5 | 4/5 | 2/5 | 1/5 | 1/5 |
| 2026-05-01 | C+ | 2/5 | 1/5 | 3/5 | 4/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-30 | C+ | 2/5 | 1/5 | 3/5 | 4/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-29 | C+ | 2/5 | 1/5 | 3/5 | 4/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-28 | C+ | 2/5 | 1/5 | 3/5 | 4/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-27 | C | 2/5 | 1/5 | 3/5 | 4/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-24 | C+ | 2/5 | 1/5 | 3/5 | 5/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-23 | C+ | 2/5 | 1/5 | 3/5 | 5/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-22 | C+ | 2/5 | 1/5 | 3/5 | 5/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-21 | C+ | 2/5 | 1/5 | 3/5 | 5/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-20 | C+ | 2/5 | 1/5 | 3/5 | 5/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-17 | C+ | 2/5 | 1/5 | 3/5 | 5/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-16 | C+ | 2/5 | 1/5 | 3/5 | 5/5 | 1/5 | 1/5 | 1/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
-13.44M
OE per share TTM
-0.22
Owner's Yield
-2.07%
Maintenance CapEx ratio
1,406.33%
Maint CapEx / Avg PPE
20.4%
Ownership Overview
Ownership breakdown
Ownership breakdown not available.
At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional ownership trend
Institutional history not available.
Top institutional holders
Top holders not available.
ETF Ownership
Top ETFs holding this stock
Held by 3 ETFs in our universe
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | iShares S&P/TSX SmallCap Index ETF XCS.TO | 0.13% | 220.5K | 0.60% |
| 2 | Lazard US Systematic Small Cap Equity ETF SYZ | 0.07% | 36.9K | 0.74% |
| 3 | Dimensional - International Small Cap ETF DFIS | 0.00% | 3.8K | 0.39% |
Insider Activity
Insider Activity — Latest Quarter
No insider activity available.
Insider buys vs sells (history)
Insider history not available.
Recent insider transactions
No recent insider transactions.
Executive team
Top executives
EBIT / Employee
31.8K
Shares Outstanding
39.09M
Executive compensation
Executive compensation (annual)
Executive compensation not available.
CEO compensation breakdown
No CEO compensation history available.
Proxy statements
Proxy statements (DEF 14A)
No proxy statements available for this company yet.
Recent SEC filings
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Rajshekar Das Gupta | Chief Executive Officer & Director | 703.8K | — |
| Francis John Gibson | Chief Financial Officer & Secretary | 351.0K | male |
| Sankar Das Gupta | Co-Founder & Executive Chairman | 305.6K | — |
| James K. Jacobs | Co-Founder & Director | 9.8K | — |
| Jason Roy | Vice President of Corporate Development & Investor Relations | — | male |
| Jeremy Dang | Vice President of Business & Project Development | — | — |
ESG Score History
No data available for this company.
Senate Trading Activity
No Senate trading activity found for this company.
House Trading Activity
No House trading activity found for this company.
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for ELVA.TO
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
