Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial 
Cancel anytime
- Chart
- Upturn Summary
- Highlights
- Valuation
Upturn AI SWOT - About
Electrovaya Inc. Common Shares (ELVA)
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
10/17/2025: ELVA (3-star) is a STRONG-BUY. BUY since 40 days. Simulated Profits (40.25%). Updated daily EoD!
Upturn Star Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Number of Analysts
5 Analysts rated it
Limited analyst coverage, niche firm, research info may be scarce.
1 Year Target Price $8.6
1 Year Target Price $8.6
| 3 | Strong Buy |
| 2 | Buy |
| 0 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 46.4% | Avg. Invested days 33 | Today’s Advisory Regular Buy |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 10/17/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 265.83M USD | Price to earnings Ratio 220.67 | 1Y Target Price 8.6 |
Price to earnings Ratio 220.67 | 1Y Target Price 8.6 | ||
Volume (30-day avg) 5 | Beta 1.89 | 52 Weeks Range 1.73 - 7.72 | Updated Date 10/18/2025 |
52 Weeks Range 1.73 - 7.72 | Updated Date 10/18/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.03 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 2.19% | Operating Margin (TTM) 11.45% |
Management Effectiveness
Return on Assets (TTM) 5.29% | Return on Equity (TTM) 8.02% |
Valuation
Trailing PE 220.67 | Forward PE 24.27 | Enterprise Value 252845574 | Price to Sales(TTM) 4.84 |
Enterprise Value 252845574 | Price to Sales(TTM) 4.84 | ||
Enterprise Value to Revenue 4.61 | Enterprise Value to EBITDA 48.07 | Shares Outstanding 40106915 | Shares Floating 24353721 |
Shares Outstanding 40106915 | Shares Floating 24353721 | ||
Percent Insiders 33.78 | Percent Institutions 17.64 |
Upturn AI SWOT
Electrovaya Inc. Common Shares
Company Overview
History and Background
Electrovaya Inc. was founded in 1996 and is a designer, developer and manufacturer of lithium-ion batteries, battery systems, and battery-related products for the clean energy electric vehicles, electric buses, energy storage systems and other markets.
Core Business Areas
- Battery Technology: Designs, develops, and manufactures advanced lithium-ion batteries and battery systems.
- Electric Vehicles: Provides battery solutions for electric vehicles, particularly for motive power in materials handling and robotics.
- Energy Storage Systems: Offers energy storage systems for various applications, including grid-scale storage.
Leadership and Structure
Electrovaya is led by a management team with expertise in battery technology and manufacturing. The organizational structure typically involves departments for R&D, manufacturing, sales, and finance.
Top Products and Market Share
Key Offerings
- Lithium-Ion Batteries: Electrovaya produces a range of lithium-ion batteries for various applications. Market share information can be hard to pinpoint. Competitors include Panasonic, LG Chem, and CATL.
- market share data: Estimated below 1% global market share
- Battery Systems: Electrovaya designs and manufactures battery systems for electric vehicles and energy storage. Competitors include Tesla, Enphase, and SMA Solar Technology.
- market share data: Estimated below 1% global market share
Market Dynamics
Industry Overview
The lithium-ion battery market is experiencing significant growth due to increasing demand for electric vehicles and energy storage systems. Advancements in battery technology are driving innovation and reducing costs.
Positioning
Electrovaya positions itself as a provider of safe, long-lasting lithium-ion batteries and battery systems. It focuses on high-performance applications.
Total Addressable Market (TAM)
The global lithium-ion battery market is projected to reach hundreds of billions of dollars. Electrovaya is positioned to capture a small portion of this market.
Upturn SWOT Analysis
Strengths
- Proprietary battery technology
- Strong R&D capabilities
- Experience in the lithium-ion battery market
- Focus on safety and longevity
Weaknesses
- Relatively small scale compared to major competitors
- Limited brand recognition
- Dependence on specific niche markets
- Financial losses
Opportunities
- Growing demand for electric vehicles and energy storage
- Partnerships with major OEMs
- Expansion into new markets
- Government incentives for clean energy technologies
Threats
- Intense competition from established battery manufacturers
- Fluctuations in raw material prices
- Technological advancements by competitors
- Economic downturns
Competitors and Market Share
Key Competitors
- TSLA
- QS
- BLDP
- FCEL
Competitive Landscape
Electrovaya faces challenges competing with larger, more established battery manufacturers. Its competitive advantage lies in its proprietary technology and focus on high-performance applications.
Growth Trajectory and Initiatives
Historical Growth: Growth has been dependent on securing key deals and funding
Future Projections: Future growth is projected to be dependent on the EV Market demand and their ability to continue R&D and expand.
Recent Initiatives: Focus on solid-state battery technology and expanding manufacturing capacity.
Summary
Electrovaya is a small player in a rapidly growing lithium-ion battery market. Its proprietary technology offers potential for growth, but it faces stiff competition from larger companies. Securing strategic partnerships and expanding into new markets are crucial for its success. The company still needs to show it can turn a profit.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company filings
- Industry reports
- Market analysis
Disclaimers:
This analysis is based on publicly available information and is not financial advice. Market conditions and company performance may change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Electrovaya Inc. Common Shares
Exchange NASDAQ | Headquaters Mississauga, ON, Canada | ||
IPO Launch date 2016-01-08 | CEO & Director Dr. Rajshekar Das Gupta Ph.D. | ||
Sector Industrials | Industry Electrical Equipment & Parts | Full time employees - | Website https://electrovaya.com |
Full time employees - | Website https://electrovaya.com | ||
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. The company operates infinity battery cells technology comprising of low and high voltage systems. It also operates solid state battery technology. The company was formerly known as Electrofuel Inc. and changed its name to Electrovaya Inc. in March 2002. Electrovaya Inc. was incorporated in 1996 and is headquartered in Mississauga, Canada.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.