Electrovaya Inc. (ELVA)
Summary
Electrovaya Targets Data Centers, Defense as Jamestown Battery Plant Nears 2027 Launch
Electrovaya NASDAQ: ELVA plans to expand its battery manufacturing footprint and enter additional markets including data-center energy storage, robotics, airport ground-support equipment and defense, CFO John Gibson said during a company presentation.
Electrovaya: A Bad Case Of Overpromising And Underdelivering - Sell
Electrovaya reported disappointing Q3-FY2026 results with both sales and profitability falling short of consensus expectations. Management blamed the miss on customer project delays. As a result, the company's fiscal year results will fall well short of expectations for the third time in the past five years. With analysts projecting more than 50% sales growth in FY2027, the company will require substantial contributions from new verticals like battery energy storage.
Electrovaya Q3 Earnings Call Highlights
Electrovaya NASDAQ: ELVA reported third-quarter fiscal 2026 revenue of $17.7 million, up from $17.1 million a year earlier, while highlighting a recently announced commercial agreement with Amazon, the launch of its ElvaPulse stationary energy-storage system and progress toward opening its Jamestown, New York, manufacturing facility.
Electrovaya Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| ABB Alexander Bjornager Bonde Danske Bank A/S | 1 | $2.33 | $9.71 | $7.38 | 316.74% |
| NA Nizar Araji National Bank Of Canada /FI/ | 14,316 | $66,993.64 | $139,008.36 | $72,014.72 | 107.49% |
| SN Stephanie Nee HARBOR CAPITAL ADVISORS Inc. | 21,092 | $166,626.8 | $204,803.32 | $38,176.52 | 22.91% |
 Jeff Ameen Spire Wealth Management | 280 | $2,867.2 | $2,301.6 | -$565.6 | -19.73% |
 Joseph Castro Nuveen LLC | 14,125 | $148,313 | $131,080 | -$17,233 | -11.62% |
Electrovaya Inc. Analysts
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| DM Daniel Magder Raymond James | 10,404.82 | $99,261.99 | $83,134.52 | -$16,127.47 | -16.25% |
Electrovaya Inc. (ELVA) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
Has Electrovaya Inc. ever had a stock split?
Electrovaya Inc. Profile
| Electrical Equipment Industry | Industrials Sector | Rajshekar Das Gupta CEO | NASDAQ (CM) Exchange | 28617B606 CUSIP |
| CA Country | 123 Employees | - Last Dividend | 16 Jun 2023 Last Split | 8 Jan 2016 IPO Date |
Overview
Electrovaya Inc. is at the forefront of advanced energy solutions, specializing in the design, development, manufacturing, and sale of lithium-ion batteries, battery management systems, and related products for energy storage and clean electric transportation. The company's reach extends across North America, catering to a variety of specialized applications. Initially founded as Electrofuel Inc. in 1996, the entity rebranded to Electrovaya Inc. in March 2002, marking a significant evolution in its operational focus. Headquartered in Mississauga, Canada, Electrovaya has positioned itself as a key player in the shift towards environmentally friendly and efficient electric power technologies.
Products and Services
- Lithium-Ion Batteries and Systems for Materials Handling Electric Vehicles:
Electrovaya produces high-quality lithium-ion batteries and systems specifically designed for electric material handling vehicles. These include forklifts and automated guided vehicles (AGVs). The company's solutions offer substantial advantages in terms of energy efficiency, reliability, and operational lifespan over traditional power sources for industrial vehicles.
- Battery Chargers:
To complement its range of lithium-ion batteries, Electrovaya provides specialized battery chargers. These chargers are engineered to efficiently and safely charge the company's advanced battery systems, ensuring they are optimally maintained and ready for prolonged use in various industrial and transportation settings.
- Electromotive Power Products for Electric Trucks and Buses:
Electrovaya's portfolio extends to electromotive power products tailored for heavier transportation applications, including electric trucks and buses. These innovations cater to the growing demand for more sustainable public and freight transportation options by providing durable, high-capacity power solutions.
- Industrial Products for Energy Storage:
The need for reliable and efficient energy storage solutions in industrial settings is met with Electrovaya's cutting-edge products. Catering to applications such as grid energy storage and backup power systems, the company offers versatile and robust solutions that support the integration of renewable energy sources and enhance energy security.
- Power Solutions and System Building:
Electrovaya demonstrates its broad technical competencies by offering power solutions that include the development and construction of systems for third parties. This service underscores the company's flexibility and expertise in tailoring its technological innovations to meet the specific needs of clients across different sectors.
