Seaport Res Ptn Raises Earnings Estimates for Electrovaya

Electrovaya Inc. (NASDAQ:ELVA) – Stock analysts at Seaport Res Ptn increased their FY2025 earnings per share (EPS) estimates for shares of Electrovaya in a report issued on Tuesday, February 18th. Seaport Res Ptn analyst J. Campbell now forecasts that the company will post earnings per share of $0.14 for the year, up from their prior forecast of $0.03. The consensus estimate for Electrovaya’s current full-year earnings is $0.10 per share. Seaport Res Ptn also issued estimates for Electrovaya’s Q4 2025 earnings at $0.02 EPS and FY2026 earnings at $0.49 EPS.

Electrovaya (NASDAQ:ELVA) last posted its quarterly earnings data on Thursday, February 13th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. Electrovaya had a negative return on equity of 15.42% and a negative net margin of 3.88%.

A number of other research firms have also commented on ELVA. HC Wainwright reissued a “buy” rating and issued a $10.00 target price on shares of Electrovaya in a report on Friday, February 14th. Raymond James set a $4.50 target price on Electrovaya and gave the stock a “strong-buy” rating in a report on Thursday, January 30th. Finally, Roth Mkm reissued a “buy” rating and issued a $5.00 target price (up previously from $4.00) on shares of Electrovaya in a report on Friday, February 14th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $6.10.

Electrovaya Stock Down 4.2 %

ELVA stock opened at $2.29 on Thursday. The firm has a market cap of $91.81 million, a PE ratio of -57.25 and a beta of 1.84. The business has a 50 day moving average of $2.46 and a 200 day moving average of $2.32. Electrovaya has a twelve month low of $1.67 and a twelve month high of $4.24. The company has a quick ratio of 0.69, a current ratio of 1.55 and a debt-to-equity ratio of 0.08.

Institutional Trading of Electrovaya

Several large investors have recently modified their holdings of ELVA. Polar Asset Management Partners Inc. bought a new stake in shares of Electrovaya in the fourth quarter worth $5,372,000. Herald Investment Management Ltd grew its holdings in shares of Electrovaya by 372.0% in the fourth quarter. Herald Investment Management Ltd now owns 1,180,000 shares of the company’s stock worth $2,856,000 after acquiring an additional 930,000 shares during the period. Mink Brook Asset Management LLC bought a new stake in shares of Electrovaya in the fourth quarter worth $867,000. Penbrook Management LLC bought a new stake in shares of Electrovaya in the fourth quarter worth $448,000. Finally, Alyeska Investment Group L.P. bought a new stake in shares of Electrovaya in the fourth quarter worth $435,000. Institutional investors own 22.47% of the company’s stock.

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.