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ELVA
Volume: 916.54K
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Electrovaya Inc (ELVA) Stock Forecast & Price Target

Electrovaya Inc (ELVA) Analyst Ratings

Based on 6 analyst ratings
Strong Buy
Strong Buy 100%
Buy 0%
Hold 0%
Sell 0%
Strong Sell 0%

Bulls say

Electrovaya Inc. is projected to achieve revenues of $649.5 million in FY2034, supported by a robust nine-year compound annual growth rate (CAGR) of approximately 28.4%, driven by key relationships with major OEM customers and an expansion into existing warehouse locations. The company is also set to benefit from a $50.8 million EXIM bank loan, which will enhance its capacity and accelerate revenue growth beginning in FY2026. Additionally, Electrovaya maintains healthy gross margins at 30.5% and has identified new market opportunities in areas such as mining and military applications, further strengthening its growth outlook.

Bears say

Electrovaya Inc. reported a year-on-year revenue decline of 7.6% for F1Q25, indicating potential challenges in maintaining sales momentum amidst stiff competition and market uncertainties. The company faces significant risks associated with its capital-intensive business model, including reliance on external financing for growth and vulnerability to shifts in federal subsidies that could affect demand for its battery systems. Additionally, Electrovaya's smaller scale compared to larger competitors, compounded by potential product liability issues and evolving technological demands, raises concerns about its competitiveness and long-term financial stability.

Electrovaya Inc (ELVA) has been analyzed by 6 analysts, with a consensus rating of Strong Buy. 100% of analysts recommend a Strong Buy, 0% recommend Buy, 0% suggest Holding, 0% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of Electrovaya Inc and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About Electrovaya Inc (ELVA) Forecast

Analysts have given Electrovaya Inc (ELVA) a Strong Buy based on their latest research and market trends.

According to 6 analysts, Electrovaya Inc (ELVA) has a Strong Buy consensus rating as of Jul 24, 2025. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $6.25, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $6.25, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

Electrovaya Inc (ELVA)

Volume: 916.54K

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