Q2 EPS Estimates for Electrovaya Boosted by Seaport Res Ptn

Electrovaya Inc. (NASDAQ:ELVA - Free Report) - Equities researchers at Seaport Res Ptn upped their Q2 2025 earnings per share estimates for shares of Electrovaya in a research note issued to investors on Tuesday, February 18th. Seaport Res Ptn analyst J. Campbell now expects that the company will post earnings of $0.05 per share for the quarter, up from their previous estimate of $0.03. The consensus estimate for Electrovaya's current full-year earnings is $0.10 per share. Seaport Res Ptn also issued estimates for Electrovaya's Q3 2025 earnings at $0.06 EPS, Q1 2026 earnings at $0.04 EPS, Q2 2026 earnings at $0.10 EPS, Q3 2026 earnings at $0.15 EPS and Q4 2026 earnings at $0.19 EPS.

A number of other equities research analysts have also recently issued reports on ELVA. HC Wainwright reiterated a "buy" rating and set a $10.00 price objective on shares of Electrovaya in a research note on Friday, February 14th. Roth Mkm reaffirmed a "buy" rating and set a $5.00 price target (up from $4.00) on shares of Electrovaya in a research report on Friday, February 14th. Finally, Raymond James set a $4.50 price objective on shares of Electrovaya and gave the company a "strong-buy" rating in a research report on Thursday, January 30th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $6.10.

Electrovaya Stock Down 4.2 %

ELVA traded down $0.10 on Wednesday, hitting $2.29. 117,636 shares of the company were exchanged, compared to its average volume of 83,431. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.69 and a current ratio of 1.55. The stock's fifty day moving average is $2.47 and its 200-day moving average is $2.32. The company has a market cap of $91.81 million, a PE ratio of -57.25 and a beta of 1.84. Electrovaya has a 12 month low of $1.67 and a 12 month high of $4.24.

Electrovaya (NASDAQ:ELVA - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01. Electrovaya had a negative net margin of 3.88% and a negative return on equity of 15.42%.

Hedge Funds Weigh In On Electrovaya

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ELVA. XTX Topco Ltd acquired a new stake in shares of Electrovaya during the 4th quarter worth about $27,000. Citadel Advisors LLC acquired a new stake in Electrovaya during the fourth quarter worth approximately $64,000. WealthTrust Axiom LLC boosted its holdings in shares of Electrovaya by 181.2% during the fourth quarter. WealthTrust Axiom LLC now owns 168,450 shares of the company's stock worth $418,000 after acquiring an additional 108,550 shares during the period. Manatuck Hill Partners LLC acquired a new position in shares of Electrovaya in the fourth quarter valued at approximately $434,000. Finally, Alyeska Investment Group L.P. bought a new position in shares of Electrovaya during the fourth quarter worth approximately $435,000. 22.47% of the stock is owned by institutional investors.

About Electrovaya

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. It offers lithium-ion batteries and systems for materials handling electric vehicles, including forklifts and automated guided vehicles, as well as battery chargers to charge the batteries; electromotive power products for electric trucks, electric buses, and other transportation applications; industrial products for energy storage; and power solutions, such as competencies in building systems for third parties.