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Electrovaya (ELVA) Competitors

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$4.72 +0.20 (+4.42%)
Closing price 08/22/2025 04:00 PM Eastern
Extended Trading
$4.70 -0.01 (-0.32%)
As of 08/22/2025 04:10 PM Eastern
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ELVA vs. BLDP, NPWR, BYRN, SES, EAF, RONI, NRGV, NVX, FREY, and ELPW

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), Energy Vault (NRGV), NOVONIX (NVX), FREYR Battery (FREY), and Elong Power (ELPW). 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 businesses based on the strength of their profitability, media sentiment, valuation, risk, earnings, dividends, analyst recommendations and institutional ownership.

Electrovaya presently has a consensus price target of $6.13, suggesting a potential upside of 29.77%. Ballard Power Systems has a consensus price target of $1.51, suggesting a potential downside of 24.69%. Given Electrovaya's stronger consensus rating and higher possible 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
1 Sell rating(s)
0 Hold rating(s)
3 Buy rating(s)
1 Strong Buy rating(s)
2.80
Ballard Power Systems
4 Sell rating(s)
11 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
1.73

Electrovaya has a net margin of 2.19% compared to Ballard Power Systems' net margin of -409.35%. Electrovaya's return on equity of 6.66% beat Ballard Power Systems' return on equity.

Company Net Margins Return on Equity Return on Assets
Electrovaya2.19% 6.66% 2.61%
Ballard Power Systems -409.35%-21.52%-18.62%

Electrovaya has a beta of 1.56, suggesting that its share price is 56% more volatile than the S&P 500. Comparatively, Ballard Power Systems has a beta of 1.76, suggesting that its share price is 76% more volatile than the S&P 500.

22.5% of Electrovaya shares are held by institutional investors. Comparatively, 28.0% of Ballard Power Systems shares are held by institutional investors. 0.2% of Ballard Power Systems shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.

Electrovaya has higher earnings, but lower revenue than Ballard Power Systems. Ballard Power Systems is trading at a lower price-to-earnings ratio than Electrovaya, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Electrovaya$44.62M4.24-$1.49M$0.03157.33
Ballard Power Systems$72.51M8.31-$324.24M-$0.99-2.03

In the previous week, Ballard Power Systems had 4 more articles in the media than Electrovaya. MarketBeat recorded 10 mentions for Ballard Power Systems and 6 mentions for Electrovaya. Electrovaya's average media sentiment score of 1.01 beat Ballard Power Systems' score of 0.52 indicating that Electrovaya is being referred to more favorably in the media.

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

Summary

Electrovaya beats Ballard Power Systems on 11 of the 17 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$189.31M$8.80B$29.75B$9.76B
Dividend YieldN/A1.75%3.09%4.06%
P/E Ratio157.3918.9154.5026.05
Price / Sales4.2435.701,261.3588.42
Price / CashN/A15.7635.9859.36
Price / Book8.438.849.606.60
Net Income-$1.49M$278.65M$805.43M$265.65M
7 Day PerformanceN/A0.61%1.69%2.00%
1 Month Performance1.07%-2.99%0.02%0.46%
1 Year Performance123.70%1.13%24,310.30%18.88%

Electrovaya Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
ELVA
Electrovaya
3.2975 of 5 stars
$4.72
+4.4%
$6.13
+29.8%
+123.7%$189.31M$44.62M157.3997Positive News
Short Interest ↑
BLDP
Ballard Power Systems
1.0861 of 5 stars
$1.99
-0.5%
$1.51
-23.9%
+1.0%$599.74M$69.73M-2.011,370Analyst Revision
NPWR
NET Power
2.8397 of 5 stars
$2.44
+2.5%
$4.00
+63.9%
-70.0%$521.38M$250K-1.0324News Coverage
BYRN
Byrna Technologies
3.189 of 5 stars
$19.40
+1.1%
$38.75
+99.7%
+82.5%$435.46M$85.76M31.29150Positive News
SES
SES AI
1.8839 of 5 stars
$1.13
+4.2%
$1.50
+33.3%
+3.8%$394.98M$2.04M-3.63130
EAF
GrafTech International
2.1291 of 5 stars
$1.23
-4.3%
$1.63
+32.7%
+34.7%$330.43M$538.78M-1.491,072News Coverage
Analyst Downgrade
Stock Split
Gap Up
RONI
Rice Acquisition Corp. II
N/A$2.38
-4.4%
N/A-69.4%$287.39MN/A0.0024News Coverage
High Trading Volume
NRGV
Energy Vault
1.4328 of 5 stars
$1.52
+2.4%
$1.42
-6.5%
+53.0%$239.55M$46.20M-1.5670News Coverage
NVX
NOVONIX
0.765 of 5 stars
$1.29
-3.4%
N/A-14.1%$213.16M$5.85M0.00N/ANews Coverage
Gap Up
FREY
FREYR Battery
1.866 of 5 stars
$1.48
+17.5%
$4.00
+170.3%
+19.5%$207.93MN/A-1.95210High Trading Volume
ELPW
Elong Power
N/A$3.44
-5.5%
N/AN/A$182.20M$1.40M0.00N/ANews Coverage
Analyst Upgrade

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This page (NASDAQ:ELVA) was last updated on 8/24/2025 by MarketBeat.com Staff
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