Q1 Earnings Forecast for Electrovaya Issued By HC Wainwright

Electrovaya Inc. (NASDAQ:ELVA) – Equities research analysts at HC Wainwright issued their Q1 2025 earnings per share (EPS) estimates for shares of Electrovaya in a research note issued on Friday, December 13th. HC Wainwright analyst A. Dayal anticipates that the company will post earnings per share of $0.00 for the quarter. HC Wainwright currently has a “Buy” rating and a $10.00 price objective on the stock. The consensus estimate for Electrovaya’s current full-year earnings is ($0.05) per share. HC Wainwright also issued estimates for Electrovaya’s Q2 2025 earnings at $0.02 EPS, Q3 2025 earnings at $0.03 EPS, Q4 2025 earnings at $0.06 EPS and FY2029 earnings at $1.00 EPS.

Separately, Alliance Global Partners began coverage on shares of Electrovaya in a research report on Thursday, September 26th. They set a “buy” rating and a $5.00 price objective for the company. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $7.25.

Electrovaya Price Performance

Shares of NASDAQ ELVA opened at $2.58 on Monday. The stock has a fifty day moving average price of $2.35 and a 200 day moving average price of $2.37. Electrovaya has a 1-year low of $1.67 and a 1-year high of $4.58. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.99 and a quick ratio of 0.54. The company has a market cap of $88.08 million, a PE ratio of -258.00 and a beta of 1.91.

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.