Raymond James Comments on Electrovaya FY2025 Earnings

Electrovaya Inc. (NASDAQ:ELVA) – Equities research analysts at Raymond James issued their FY2025 earnings estimates for Electrovaya in a note issued to investors on Wednesday, January 22nd. Raymond James analyst D. Magder anticipates 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 reduced their price objective on Electrovaya from $16.00 to $10.00 and set a “buy” rating on the stock in a report on Friday, December 13th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $6.70.

Electrovaya Price Performance

Shares of ELVA stock opened at $2.74 on Monday. The stock has a 50 day moving average price of $2.50 and a 200 day moving average price of $2.31. The firm has a market capitalization of $109.85 million, a P/E ratio of -91.33 and a beta of 1.84. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.69 and a current ratio of 1.03. Electrovaya has a 52-week low of $1.67 and a 52-week high of $4.35.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Electrovaya stock. Penbrook Management LLC bought a new position in Electrovaya Inc. (NASDAQ:ELVA) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 183,215 shares of the company’s stock, valued at approximately $448,000. Penbrook Management LLC owned approximately 0.46% of Electrovaya as of its most recent SEC filing. 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.