What is Roth Capital's Forecast for Electrovaya Q2 Earnings?

Electrovaya Inc. (NASDAQ:ELVA - Free Report) - Equities researchers at Roth Capital dropped their Q2 2025 EPS estimates for shares of Electrovaya in a note issued to investors on Friday, February 14th. Roth Capital analyst C. Irwin now expects that the company will post earnings per share of $0.03 for the quarter, down from their prior forecast of $0.05. The consensus estimate for Electrovaya's current full-year earnings is $0.08 per share. Roth Capital also issued estimates for Electrovaya's Q3 2025 earnings at $0.05 EPS and Q4 2025 earnings at $0.08 EPS.

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

Electrovaya Price Performance

ELVA traded down $0.02 during midday trading on Monday, hitting $2.39. 42,194 shares of the company traded hands, compared to its average volume of 82,603. The company has a market capitalization of $95.81 million, a price-to-earnings ratio of -59.75 and a beta of 1.84. The business has a 50 day simple moving average of $2.48 and a two-hundred day simple moving average of $2.32. The company has a current ratio of 1.03, a quick ratio of 0.69 and a debt-to-equity ratio of 0.22. Electrovaya has a 52-week low of $1.67 and a 52-week high of $4.24.

Electrovaya (NASDAQ:ELVA - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.02) by $0.01. Electrovaya had a negative return on equity of 21.25% and a negative net margin of 3.88%.

Institutional Investors Weigh In On Electrovaya

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Penbrook Management LLC purchased a new position in shares of Electrovaya during the 4th quarter worth $448,000. Citadel Advisors LLC acquired a new position in Electrovaya in the fourth quarter valued at about $64,000. Polar Asset Management Partners Inc. purchased a new position in Electrovaya during the fourth quarter worth about $5,372,000. Mink Brook Asset Management LLC purchased a new stake in shares of Electrovaya in the 4th quarter valued at approximately $867,000. Finally, Alyeska Investment Group L.P. acquired a new position in shares of Electrovaya in the 4th quarter worth approximately $435,000. Institutional investors and hedge funds own 22.47% of the company's stock.

Electrovaya Company Profile

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.