| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/23/2025 | $4.50 | Strong Buy | Raymond James |
| 3/6/2024 | $8.00 | Buy | ROTH MKM |
The Company has begun placing initial purchase orders for battery system assembly equipment along with commencing hiring with the goal of starting battery assembly by CY Q2 2025 JAMESTOWN, NY / ACCESSWIRE / January 14, 2025 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, is pleased to announce that it has begun making capital investments for its planned Jamestown battery manufacturing facility along with hiring initial personnel. These initial procurements include battery system manufacturing and testing equipment along with awarding engineering work to prepare for further investments pertaining
TORONTO, ONTARIO / ACCESSWIRE / December 18, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, is pleased to announce in connection with its previously completed public offering of 5,175,000 common shares in the capital of the Company (the "Common Shares") at the price of US$2.15 per Common Share (the "Offering Price") for gross proceeds of approximately US$11.1 million (the "Offering") that Roth Capital Partners, acting as sole book-running manager, and Raymond James Ltd. and Craig-Hallum Capital Group LLC acting as the co-lead book-running managers in the Offering, have purchased an addition
TORONTO, ONTARIO / ACCESSWIRE / December 18, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, has successfully closed its previously announced public offering (the "Offering") of 5,175,000 common shares in the capital of the Company (the "Common Shares") at a price to the public of US$2.15 per Common Share (the "Offering Price") for gross proceeds of approximately US$11.1 million, before deducting the underwriting discounts and commissions and estimated expenses incurred in connection with the Offering. Roth Capital Partners ("Roth") acted as sole book-running manager, and Raymond James Ltd
TORONTO, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA, TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, announced today the pricing of its previously announced public offering (the "Offering") of 5,175,000 common shares in the capital of the Company ("Common Shares") at a price to the public of US$2.15 per Common Share. Roth Capital Partners ("Roth") is acting as sole book-running manager, Raymond James Ltd. and Craig-Hallum Capital Group LLC are acting as the co-lead book-running managers for the proposed Offering. In addition, the Company has granted Roth a 45-day over-allotment option to purchase up to a
TORONTO, Dec. 16, 2024 (GLOBE NEWSWIRE) -- Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA, TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, is pleased to announce that the Company is commencing an underwritten public offering (the "Offering") of its common shares (the "Common Shares"). All of the shares are being offered by the Company. The shares will be offered in the United States pursuant to a shelf registration statement (including a prospectus supplement thereto) previously filed with and declared effective by the Securities and Exchange Commission (the "SEC") on September 25, 2024 in accordance with the Multijurisdictional Disclosure
TORONTO, ON / ACCESSWIRE / December 16, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, is proud to announce that its Infinity Series Lithium Ion Phosphate (LFP) based cell have successfully achieved UL2580 recognition. This milestone underscores the exceptional safety and reliability of Electrovaya's battery technology, meeting the rigorous safety standards set by UL2580, including the stringent external fire test (projectile test). UL2580 is a globally recognized safety standard for rechargeable lithium-ion batteries in electric vehicles. The successful completion of UL2580 certification
Revenue of $44.6M with $4M Adjusted EBITDA1 (6th Consecutive Positive Quarter)Historic Positive Cash Flow from Operations and Improved Gross MarginsApproval of $51million direct loan from The Export-Import Bank of the United States expected to fund Electrovaya's lithium ion cell and battery manufacturing facility in Jamestown, New YorkRemoval of Going Concern note in the financial statements due to improved financial performance TORONTO, ONTARIO / ACCESSWIRE / December 12, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, today reported its financial results for the fourth quarter and fiscal y
TORONTO, ON / ACCESSWIRE / December 6, 2024 / Electrovaya Inc. (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, announces that it will file and release its fourth quarter and fiscal year ending September 30, 2024, following the market close on Thursday, December 12, 2024. This will be followed by a conference call at 5:00 p.m. ET on the same day, presented by CEO, Dr. Raj DasGupta and CFO, John Gibson to discuss the financial results and provide a business update. Conference Call details:Date: Thursday, December 12, 2024Time: 5:00 pm. Eastern Standard Time (ET)Toll Free: 877-545-0523International: 973-528-0016Participant Access Code: 841419To he
TORONTO, ON / ACCESSWIRE / December 4, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a lithium ion battery technology and manufacturing company, today announced that it will host an investor webcast presentation on December 5, 2024 at 2:00 pm EST hosted by Bristol Capital. Electrovaya's CEO, Dr. Raj DasGupta and CFO, John Gibson will walk through the Company's corporate presentation. After the formal presentation, investors will have an opportunity to ask relevant questions through an interactive Q&A portal.To listen to the webcast or to ask questions during the live event, please pre-register at the following link: https://us02web.zoom.us/webinar/register
This purchase order, valued at $4.1million, represents the start of the customer's fleet conversion strategy with another four additional sites being planned TORONTO, ON / ACCESSWIRE / December 3, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, today announced it has received a purchase order valued at approximately US$4.1 million for immediate delivery of its batteries. The batteries will be used by a leading Fortune 500 retailer in the United States for powering material handling electric vehicles in two existing warehouse sites. Additional sites are also being planned for conversion on to
Raymond James initiated coverage of Electrovaya with a rating of Strong Buy and set a new price target of $4.50
ROTH MKM initiated coverage of Electrovaya with a rating of Buy and set a new price target of $8.00
Revenue of $44.6M with $4M Adjusted EBITDA1 (6th Consecutive Positive Quarter)Historic Positive Cash Flow from Operations and Improved Gross MarginsApproval of $51million direct loan from The Export-Import Bank of the United States expected to fund Electrovaya's lithium ion cell and battery manufacturing facility in Jamestown, New YorkRemoval of Going Concern note in the financial statements due to improved financial performance TORONTO, ONTARIO / ACCESSWIRE / December 12, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, today reported its financial results for the fourth quarter and fiscal y
TORONTO, ON / ACCESSWIRE / December 6, 2024 / Electrovaya Inc. (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, announces that it will file and release its fourth quarter and fiscal year ending September 30, 2024, following the market close on Thursday, December 12, 2024. This will be followed by a conference call at 5:00 p.m. ET on the same day, presented by CEO, Dr. Raj DasGupta and CFO, John Gibson to discuss the financial results and provide a business update. Conference Call details:Date: Thursday, December 12, 2024Time: 5:00 pm. Eastern Standard Time (ET)Toll Free: 877-545-0523International: 973-528-0016Participant Access Code: 841419To he
Continued gross margin growth, Revenue of $10.3 million, Adjusted EBITDA1 of $0.6 million.Progress in meeting strategic financing objectives including refinancing existing working capital facilities and in negotiations with a US federal agency with regards to financing planned Jamestown, New York lithium-ion battery manufacturing facility TORONTO, ON / ACCESSWIRE / August 13, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, today reported its financial results for fiscal 2024 third quarter ended June 30, 2024 ("Q3 FY2024"). All dollar amounts are in U.S. dollars unless otherwise noted. "We
TORONTO, ON / ACCESSWIRE / August 5, 2024 / Electrovaya Inc. (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, announces that it will file and release its third quarter ending June 30, 2024, following the market close on Tuesday, August 13, 2024. This will be followed by a conference call at 5:00 p.m. ET on the same day, presented by CEO, Dr. Raj DasGupta and CFO, John Gibson to discuss the financial results and provide a business update. Conference Call details:Date: Tuesday, August 13, 2024Time: 5:00 pm. Eastern Time (ET)Toll Free: 877-545-0523International: 973-528-0016Participant Access Code: 302979To help ensure that the conference begins in
TORONTO, ON / ACCESSWIRE / May 13, 2024 / Electrovaya Inc. (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, announces that it will file and release its second quarter ending March 31, 2024, prior to the market open on Tuesday, May 14, 2024. This will be followed by a conference call at 8:00 a.m. ET on the same day, presented by CEO, Dr. Raj DasGupta and CFO, John Gibson to discuss the financial results and provide a business update with slides. Conference Call details:Date: Tuesday, May 14, 2024Time: 8:00 am. Eastern Time (ET)Toll Free: 888-506-0062International: 973-528-0011Participant Access Code: 427679Webcast URL: https://www.webcaster4.com/W
TORONTO, ON / ACCESSWIRE / May 2, 2024 / Electrovaya Inc. (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, announces that it will file and release its second quarter ending March 31, 2024, following the market close on Monday, May 13, 2024. This will be followed by a conference call at 5:00 p.m. ET on the same day, presented by CEO, Dr. Raj DasGupta and CFO, John Gibson to discuss the financial results and provide a business update with slides. Conference Call details: Date: Monday, May 13, 2024Time: 5:00 pm. Eastern Time (ET)Toll Free: 888-506-0062International: 973-528-0011Participant Access Code: 427679Webcast URL: https://www.webcaster4.com
$0.6 million in Adjusted EBITDA1, the fourth consecutive quarter with positive Adjusted EBITDAGross Margins improved by 360 basis points to 29% with battery systems exceeding 30%Reaffirmed Fiscal 2024 Guidance of $65 to 75 million underpinned by increasing order backlog and an updated Three Year Strategic Supply Agreement with two of the largest OEMs in the Material Handling sectorTORONTO, ON / ACCESSWIRE / February 12, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA),(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, today reported its financial results for the first quarter fiscal year ended September 30, 2024 ("Q1 FY2024"). All dollar amo
TORONTO, ON / ACCESSWIRE / February 5, 2024 / Electrovaya Inc. (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, announces that it will file and release its first quarter ending December 31, 2023, following the market close on Monday, February 12, 2024. This will be followed by a conference call at 5:00 p.m. ET on the same day, presented by CEO, Dr. Raj DasGupta and CFO, John Gibson to discuss the financial results and provide a business update. Conference Call details:Date: Monday, February 12, 2024Time: 5:00 pm. Eastern Time (ET)Toll Free: 888-506-0062International: 973-528-0011Participant Access Code: 437462To help ensure that the conference be
Over $3.2 million in Adjusted EBITDA1 with an Operating Profit of $1.2 million for Fiscal 2023; Two-year Revenue CAGR of 100%;Fiscal 2024 Guidance of $65 to 75 million underpinned by increasing order backlog and an updated Three Year Strategic Supply Agreement with two of the largest OEMs in the Material Handling sectorExpects continued strong growth into Fiscal 2025 and beyond supported by new high voltage battery system product lines and anticipated capacity expansionTORONTO, ON / ACCESSWIRE / January 3, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, today reported its financial results f
TORONTO, ON / ACCESSWIRE / January 2, 2024 / Electrovaya Inc. (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, announces that it will file and release its fourth quarter and fiscal year ending September 30, 2023 (Q4 FY2023" & "FY 2023", respectively) financial results, after market close on Tuesday, January 2, 2024. This will be followed by a conference call at 8:00 a.m. EST on Wednesday, January 3, 2024 presented by CEO, Dr. Raj DasGupta and CFO, John Gibson to discuss the financial results and provide a business update. The conference call details will be included in the Q4 FY2023 & FY2023 financial results press release. Conference Call & Webc
Former Board Chair of Sierra Club Foundation, Barclays Head of cleantech joins Electrovaya's board of directors to enhance climate tech and capital markets depthTORONTO, ON / ACCESSWIRE / October 24, 2023 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA);(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, announced the appointment of Steven Berkenfeld to the Company's board of directors. Steven Berkenfeld is a renowned and passionate Climate and Clean Technology advocate and has been acting as an advisor to Electrovaya's CEO since 2021. Steven retired from a long career in Investment Banking at the end of 2019 to focus entirely on impact and susta
6-K - Electrovaya Inc. (0001844450) (Filer)
6-K - Electrovaya Inc. (0001844450) (Filer)
6-K - Electrovaya Inc. (0001844450) (Filer)
6-K - Electrovaya Inc. (0001844450) (Filer)
6-K - Electrovaya Inc. (0001844450) (Filer)
6-K - Electrovaya Inc. (0001844450) (Filer)
6-K - Electrovaya Inc. (0001844450) (Filer)
6-K - Electrovaya Inc. (0001844450) (Filer)
6-K - Electrovaya Inc. (0001844450) (Filer)
6-K - Electrovaya Inc. (0001844450) (Filer)