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Electrovaya (ELVA) Competitors

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$4.86 -0.04 (-0.82%)
Closing price 08/1/2025 04:00 PM Eastern
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$4.86 0.00 (-0.10%)
As of 08/1/2025 07:50 PM Eastern
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ELVA vs. BLDP, NPWR, BYRN, SES, EAF, RONI, NVX, NRGV, FREY, and NEOV

Should you be buying Electrovaya stock or one of its competitors? The main competitors of Electrovaya include Ballard Power Systems (BLDP), NET Power (NPWR), Byrna Technologies (BYRN), SES AI (SES), GrafTech International (EAF), Rice Acquisition Corp. II (RONI), NOVONIX (NVX), Energy Vault (NRGV), FREYR Battery (FREY), and NeoVolta (NEOV). These companies are all part of the "electrical equipment" industry.

Electrovaya vs. Its Competitors

Electrovaya (NASDAQ:ELVA) and Ballard Power Systems (NASDAQ:BLDP) are both small-cap electrical equipment companies, but which is the better business? We will contrast the two companies based on the strength of their institutional ownership, analyst recommendations, risk, profitability, media sentiment, dividends, valuation and earnings.

Electrovaya has a beta of 1.55, meaning that its share price is 55% more volatile than the S&P 500. Comparatively, Ballard Power Systems has a beta of 1.71, meaning that its share price is 71% more volatile than the S&P 500.

In the previous week, Ballard Power Systems had 1 more articles in the media than Electrovaya. MarketBeat recorded 4 mentions for Ballard Power Systems and 3 mentions for Electrovaya. Ballard Power Systems' average media sentiment score of 0.17 beat Electrovaya's score of 0.13 indicating that Ballard Power Systems is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Electrovaya
1 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
2 Negative mention(s)
0 Very Negative mention(s)
Neutral
Ballard Power Systems
0 Very Positive mention(s)
1 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Electrovaya presently has a consensus target price of $6.10, indicating a potential upside of 25.51%. Ballard Power Systems has a consensus target price of $2.14, indicating a potential upside of 19.51%. Given Electrovaya's stronger consensus rating and higher probable upside, research analysts plainly believe Electrovaya is more favorable than Ballard Power Systems.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Electrovaya
0 Sell rating(s)
0 Hold rating(s)
4 Buy rating(s)
1 Strong Buy rating(s)
3.20
Ballard Power Systems
6 Sell rating(s)
11 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
1.72

Electrovaya has higher earnings, but lower revenue than Ballard Power Systems.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Electrovaya$44.62M4.37-$1.49MN/AN/A
Ballard Power Systems$70.67M7.60-$324.24M-$1.02-1.75

Electrovaya has a net margin of -0.06% compared to Ballard Power Systems' net margin of -430.17%. Electrovaya's return on equity of -0.21% beat Ballard Power Systems' return on equity.

Company Net Margins Return on Equity Return on Assets
Electrovaya-0.06% -0.21% -0.07%
Ballard Power Systems -430.17%-20.41%-17.90%

22.5% of Electrovaya shares are owned by institutional investors. Comparatively, 28.0% of Ballard Power Systems shares are owned by institutional investors. 0.2% of Ballard Power Systems shares are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.

Summary

Electrovaya beats Ballard Power Systems on 8 of the 15 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding ELVA and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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ELVA vs. The Competition

MetricElectrovayaELEC PRODS IndustryComputer SectorNASDAQ Exchange
Market Cap$196.52M$8.55B$29.13B$9.54B
Dividend YieldN/A1.75%3.08%4.09%
P/E RatioN/A13.1448.1723.83
Price / Sales4.3733.801,546.2066.02
Price / CashN/A15.6138.0757.96
Price / Book19.448.807.415.54
Net Income-$1.49M$255.91M$782.80M$259.28M
7 Day Performance8.00%-6.18%-3.70%-4.68%
1 Month Performance46.83%8.61%-0.17%4.36%
1 Year Performance117.98%1.40%52,681.94%17.88%

Electrovaya Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
ELVA
Electrovaya
2.9563 of 5 stars
$4.86
-0.8%
$6.10
+25.5%
+105.9%$196.52M$44.62M0.0097
BLDP
Ballard Power Systems
1.0769 of 5 stars
$2.04
-4.2%
$2.14
+4.9%
-16.4%$638.68M$69.73M-2.001,370
NPWR
NET Power
2.7765 of 5 stars
$2.88
+2.9%
$4.00
+38.9%
-71.8%$613.39M$250K-1.4024
BYRN
Byrna Technologies
2.8371 of 5 stars
$23.48
-0.7%
$38.75
+65.0%
+134.3%$536.95M$85.76M37.87150Gap Down
SES
SES AI
1.7547 of 5 stars
$1.36
+14.8%
$1.50
+10.7%
+10.0%$432.89M$2.04M-4.52130Upcoming Earnings
High Trading Volume
EAF
GrafTech International
2.7611 of 5 stars
$1.64
+6.2%
$1.63
-0.6%
+82.1%$397.55M$538.78M-1.991,072Earnings Report
Analyst Forecast
Gap Up
RONI
Rice Acquisition Corp. II
N/A$2.80
+2.2%
N/A-69.9%$338.11MN/A0.0024News Coverage
Gap Down
High Trading Volume
NVX
NOVONIX
0.622 of 5 stars
$1.43
-4.0%
N/A-35.7%$237.08M$5.85M0.00N/A
NRGV
Energy Vault
2.7057 of 5 stars
$1.21
-8.7%
$1.42
+17.6%
+0.5%$205.98M$46.20M-1.3070News Coverage
Upcoming Earnings
Gap Down
FREY
FREYR Battery
1.9996 of 5 stars
$1.42
-4.1%
$4.00
+181.7%
-29.2%$199.50MN/A-1.87210Upcoming Earnings
NEOV
NeoVolta
1.1696 of 5 stars
$5.01
+5.0%
$7.50
+49.7%
+86.2%$162.78M$2.64M-41.755

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This page (NASDAQ:ELVA) was last updated on 8/2/2025 by MarketBeat.com Staff
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