Raymond James Forecasts Electrovaya FY2025 Earnings

Electrovaya Inc. (NASDAQ:ELVA) – Investment analysts at Raymond James issued their FY2025 earnings per share estimates for shares of Electrovaya in a report issued on Wednesday, January 22nd. Raymond James analyst D. Magder forecasts that the company will post earnings per share of $0.05 for the year. Raymond James has a “Strong-Buy” rating on the stock. The consensus estimate for Electrovaya’s current full-year earnings is $0.13 per share. Raymond James also issued estimates for Electrovaya’s FY2026 earnings at $0.17 EPS and FY2027 earnings at $0.28 EPS.

Separately, HC Wainwright cut their price objective on shares of Electrovaya from $16.00 to $10.00 and set a “buy” rating on the stock in a research report on Friday, December 13th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $6.70.

Electrovaya Trading Down 0.8 %

Shares of NASDAQ ELVA opened at $2.64 on Monday. The business has a fifty day moving average price of $2.52 and a 200 day moving average price of $2.32. Electrovaya has a 1-year low of $1.67 and a 1-year high of $4.35. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.03 and a quick ratio of 0.69. The stock has a market capitalization of $105.84 million, a P/E ratio of -88.00 and a beta of 1.84.

Hedge Funds Weigh In On Electrovaya

An institutional investor recently bought a new position in Electrovaya stock. Penbrook Management LLC acquired a new stake in Electrovaya Inc. (NASDAQ:ELVA) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 183,215 shares of the company’s stock, valued at approximately $448,000. Penbrook Management LLC owned 0.46% of Electrovaya as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 22.47% of the company’s stock.

Electrovaya Company Profile

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.