| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/6/2024 | $8.00 | Buy | ROTH MKM |
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.
Roth MKM analyst Craig Irwin maintains Electrovaya (NASDAQ:ELVA) with a Buy and maintains $8 price target.
Positive Financial Outlook & Fiscal 2024 Guidance: The Company continues to anticipate revenue of approximately $65-75 million for the fiscal year ending September 30, 2024 ("FY 2024"). Approximately $20 million of this anticipated revenue is dependent on customers' new distribution center sites. Any delays in the startup of these sites may lead to a proportion of revenue moving into the subsequent fiscal year. The Company expects to have further clarity on firm delivery dates for these sites over the next several months. The annual revenue forecast takes into consideration revenue from already delivered orders, the Company's current purchase order backlog, which as of May 13, 2024 is over
Electrovaya (NASDAQ:ELVA) reported quarterly sales of $10.70 million which missed the analyst consensus estimate of $17.05 million by 37.27 percent. This is a 26.27 percent increase over sales of $8.47 million the same period last year.
Roth MKM analyst Craig Irwin maintains Electrovaya (NASDAQ:ELVA) with a Buy and maintains $8 price target.
Roth MKM analyst Craig Irwin initiates coverage on Electrovaya (NASDAQ:ELVA) with a Buy rating and announces Price Target of $8.
Companies Reporting Before The Bell • Beasley Broadcast Group (NASDAQ:BBGI) is projected to report quarterly loss at $0.07 per share on revenue of $66.05 million. • Trimble (NASDAQ:TRMB) is likely to report quarterly earnings at $0.59 per share on revenue of $911.34 million. • Monday.Com (NASDAQ:MNDY) is estimated to report quarterly earnings at $0.32 per share on revenue of $197.95 million. • Alexander's (NYSE:ALX) is projected to report earnings for its fourth quarter. Companies Reporting After The Bell • Cemtrex (NASDAQ:CETX) is estimated to report earnings for its first quarter. • Star Bulk Carriers (NASDAQ:SBLK) is projected to report quarterly earnings at $0.73 per share on reve
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
Electrovaya's High Voltage Battery Systems demonstrated strong reliability and performance in mission critical off-road defense application over several months of extensive testing TORONTO, ON / ACCESSWIRE / November 21, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA) a leading lithium-ion battery technology and manufacturing company, is pleased to announce follow-on order for Infinity-HV battery systems, from a global aerospace and defense company. "We are excited that our first Infinity-HV battery product, which shipped nearly a year ago, met the extreme performance requirements for this off-road autonomous defense application, which represents some of th
Funding under EXIM‘s Make More in America initiative will fund equipment, engineering and setup costs for Electrovaya's Jamestown Battery Manufacturing Facility JAMESTOWN, NY / ACCESSWIRE / November 14, 2024 / 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 secured a direct loan in the amount of US$50.8 million from the Export-Import Bank of the United States ("EXIM") under the bank's ‘Make More in America' initiative. This financing will fund Electrovaya's battery manufacturing buildout in Jamestown, New York including equipment, engineering and setup costs for
Customer is largest global end user of Company's batteries with more than 30 warehouse locations operating vehicles powered by Electrovaya batteries TORONTO, ON / ACCESSWIRE / November 12, 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$3.5 million for immediate delivery of its batteries from one of its OEM sales channels. The batteries will be used by a leading Fortune 100 e-commerce company in the United States and Australia for powering material handling electric vehicles in its warehouse operations. "We are
TORONTO, ON / ACCESSWIRE / November 7, 2024 / 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 received a Clean Technology award as part of Deloitte's 2024 Technology Fast 50 program for the second consecutive year. Launched in 2021, this leadership category recognizes Canada's top clean innovators providing processes, goods, or services that reduce environmental impacts. "We are pleased to make this list for the second year running. Electrovaya's Infinity Battery technology is a game changing battery technology that provides industry leading longevity and safe
-15th Annual Craig-Hallum Alpha Select Conference--UBS Global Industrials & Transportation Conference- TORONTO, ON / ACCESSWIRE / November 5, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a lithium ion battery technology and manufacturing company, today announced that Dr. Raj DasGupta, Electrovaya's CEO will be attending the following upcoming conferences: Event: 15th Annual Craig-Hallum Alpha Select ConferenceDate: November 19, 2024Location: Sheraton NY Times Square Hotel, New York, NYFormat: 1x1 MeetingsFor more information, please visit: https://www.meetmax.com/sched/event_110237/conference_home.html?bank_access=0&event_id=110237Event: UBS Global Ind
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
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
ROTH MKM initiated coverage of Electrovaya with a rating of Buy and set a new price target of $8.00
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6-K - Electrovaya Inc. (0001844450) (Filer)
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6-K - Electrovaya Inc. (0001844450) (Filer)
6-K - Electrovaya Inc. (0001844450) (Filer)
6-K - Electrovaya Inc. (0001844450) (Filer)
6-K - Electrovaya Inc. (0001844450) (Filer)
EFFECT - Electrovaya Inc. (0001844450) (Filer)
F-X - Electrovaya Inc. (0001844450) (Subject)
F-10/A - 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
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
Improved quarterly revenue, EBITDA and gross margins with positive cash flow year to dateMaintains fiscal year revenue guidance of $42 millionTORONTO, ON / ACCESSWIRE / August 14, 2023 / 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 fiscal third quarter ended June 30, 2023 ("Q3 FY2023"). All dollar amounts are in U.S. dollars unless otherwise noted and have been prepared in accordance with International Financial Reporting Standards (IFRS). "We generated strong growth in revenue and profitability during the third quarter, with battery system gross ma
TORONTO, ON / ACCESSWIRE / August 7, 2023 / Electrovaya Inc. (NASDAQ:ELVA)(TSX:ELVA), a lithium-ion battery technology and manufacturing company, announces that it will release its third quarter financial results ending June 30, 2023, after market close on August 14, 2023. This will be followed by a conference call at 6:00 p.m. EST 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 / Webcast details:Date: August 14, 2023Time: 6:00 p.m. Eastern Standard Time (EST)Toll Free: 888-506-0062International: 973-528-0011Participant Access Code: 622219Webcast URL: https://www.webcaster4.com/Webcast/P