Roth MKM Initiates Coverage On Electrovaya with Buy Rating, Announces Price Target of $8
$ELVA
Roth MKM analyst Craig Irwin initiates coverage on Electrovaya (NASDAQ:ELVA) with a Buy rating and announces Price Target of $8.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/6/2024 | $8.00 | Buy | ROTH MKM |
C$2 million in funding to support investments in Electrovaya's Canadian facility for automation and capacity enhancements TORONTO, ON / ACCESSWIRE / October 17, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a lithium ion battery technology and manufacturing company, announced a C$2-million investment from the Government of Canada through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario). This funding will be used to support investments in automation, AI and capacity enhancements at Electrovaya's Mississauga, Ontario manufacturing facility. "We are pleased to receive this non-dilutive funding from FedDev Ontario, which will be
Electrovaya to supply battery systems for IRT's full electric locomotives serving a variety of rail applications including industrial operations, ports, short line railroads, defense, and commuter rail TORONTO, ON / ACCESSWIRE / September 30, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a lithium-ion battery technology and manufacturing company, today announced the establishment of a Strategic Supply Agreement with Innovative Rail Technologies, LLC (IRT). The Agreement will initially cover the supply of Electrovaya's Infinity battery systems for IRT's electric locomotive systems. IRT is focused on the electrification of locomotives to battery electric thr
Entry into a new market sector of construction vehicles and new geographical market of Japan TORONTO, ON / ACCESSWIRE / September 10, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a lithium ion battery technology and manufacturing company, today announced the receipt of its first purchase orders for pre-production battery modules to be provided to a global Japanese headquartered manufacturer of construction equipment. This will be part of an electric excavator program with an estimated scaled production start in 2026. The initial shipments are expected to be delivered in Q2 FY2025 to a manufacturing site in Japan. The order was received under the Compan
ROTH MKM initiated coverage of Electrovaya with a rating of Buy and set a new price target of $8.00
HC Wainwright & Co. analyst Amit Dayal reiterates Electrovaya (NASDAQ:ELVA) with a Buy and maintains $16 price target.
Craig-Hallum analyst Eric Stine maintains Electrovaya (NASDAQ:ELVA) with a Buy and lowers the price target from $10 to $9.
HC Wainwright & Co. analyst Amit Dayal reiterates Electrovaya (NASDAQ:ELVA) with a Buy and maintains $16 price target.
6-K - Electrovaya Inc. (0001844450) (Filer)
6-K - Electrovaya Inc. (0001844450) (Filer)
EFFECT - Electrovaya Inc. (0001844450) (Filer)
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
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