Added to YB: 2026-07-03
Pitch date: 2026-07-01
ELVA [neutral]
Electrovaya Inc.
-9.1%
current return
Author Info
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Company Info
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.
Market Cap
CAD 519.8M
Pitch Price
CAD 15.27
Price Target
22.00 (+48%)
Dividend
N/A
EV/EBITDA
57.00
P/E
99.70
EV/Sales
7.49
Sector
Electrical Equipment
Category
turnaround
Microcap Opportunities | Turnarounds - Electrovaya Inc.
ELVA (holding update): Added 3/30/26 at $7.24, now $14.91 (+105.9%). 2027 PT $18-22. Jamestown gigafactory targets cell production end-2026, re-rating from pre-rev to production-stage battery co w/ IRA 45X subsidy tailwind. UL 2580 cert across 448 models opens defense/robotics/ESS verticals. Roth Buy PT $20 (up from $12), HC Wainwright $15, consensus Strong Buy. Catalysts: Korean FAT late summer, Q3 print, backlog disclosure, first ESS customer, mission-critical bookings.
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