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Electrovaya (ELVA) Company Overview

Profile

Full Name:

Electrovaya Inc.

Country:

Canada

IPO:

January 5, 2010

Indexes:

Not included

Description:

Electrovaya, known as ELVA, specializes in advanced lithium-ion battery technology. The company designs and manufactures batteries for various applications, including electric vehicles and energy storage systems. Their focus is on sustainability, efficiency, and innovation, aiming to provide clean energy solutions for a greener future.

Events Calendar

Earnings

Next earnings date:

Feb 13, 2025

Recent quarterly earnings:

Dec 12, 2024

Recent annual earnings:

Dec 12, 2024
Dividend

Next ex-dividend date:

N/A

Recent ex-dividend date:

N/A
Splits

Next split:

N/A

Recent split:

Jun 16, 2023

Analyst ratings

Recent major analysts updates

Jan 23, 25 Raymond James
Strong Buy
Dec 13, 24 HC Wainwright & Co.
Buy
Sep 26, 24 Alliance Global Partners
Buy
Aug 14, 24 HC Wainwright & Co.
Buy
Aug 14, 24 Craig-Hallum
Buy
Jun 14, 24 HC Wainwright & Co.
Buy
May 15, 24 Roth MKM
Buy
May 15, 24 HC Wainwright & Co.
Buy
May 15, 24 Craig-Hallum
Buy
Mar 26, 24 Roth MKM
Buy

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Electrovaya Announces Commencement of Jamestown Battery Manufacturing Facility Capital Purchases and Hiring
Electrovaya Announces Commencement of Jamestown Battery Manufacturing Facility Capital Purchases and Hiring
Electrovaya Announces Commencement of Jamestown Battery Manufacturing Facility Capital Purchases and Hiring
ELVA
accesswire.comJanuary 14, 2025

The Company has begun placing initial purchase orders for battery system assembly equipment along with commencing hiring with the goal of starting battery assembly by CY Q2 2025 JAMESTOWN, NY / ACCESSWIRE / January 14, 2025 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, is pleased to announce that it has begun making capital investments for its planned Jamestown battery manufacturing facility along with hiring initial personnel. These initial procurements include battery system manufacturing and testing equipment along with awarding engineering work to prepare for further investments pertaining to planned cell manufacturing investments.

Electrovaya Inc. Closes Full Exercise of Over-Allotment Option for an Additional US$1.7 Million
Electrovaya Inc. Closes Full Exercise of Over-Allotment Option for an Additional US$1.7 Million
Electrovaya Inc. Closes Full Exercise of Over-Allotment Option for an Additional US$1.7 Million
ELVA
accesswire.comDecember 18, 2024

TORONTO, ON / ACCESSWIRE / December 18, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, is pleased to announce in connection with its previously completed public offering of 5,175,000 common shares in the capital of the Company (the "Common Shares") at the price of US$2.15 per Common Share (the "Offering Price") for gross proceeds of approximately US$11.1 million (the "Offering") that Roth Capital Partners, acting as sole book-running manager, and Raymond James Ltd. and Craig-Hallum Capital Group LLC acting as the co-lead book-running managers in the Offering, have purchased an additional 776,250 Common Shares at the Offering Price, for additional gross proceeds to the Company of US$1,668,937.50, before deducting the underwriting commissions, pursuant to their exercise in full of the over-allotment option (the "Over-Allotment Option").

Electrovaya Inc. Announces Pricing of US$11.1 Million Public Offering of Common Shares
Electrovaya Inc. Announces Pricing of US$11.1 Million Public Offering of Common Shares
Electrovaya Inc. Announces Pricing of US$11.1 Million Public Offering of Common Shares
ELVA
globenewswire.comDecember 17, 2024

TORONTO, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Electrovaya Inc. (“Electrovaya” or the “Company”) (NASDAQ: ELVA; TSX: ELVA), a leading lithium-ion battery technology and manufacturing company, announced today the pricing of its previously announced public offering (the “Offering”) of 5,175,000 common shares in the capital of the Company (“Common Shares”) at a price to the public of US$2.15 per Common Share.

Electrovaya Inc. Announces Proposed Public Offering of Common Shares and Files Preliminary Prospectus Supplement
Electrovaya Inc. Announces Proposed Public Offering of Common Shares and Files Preliminary Prospectus Supplement
Electrovaya Inc. Announces Proposed Public Offering of Common Shares and Files Preliminary Prospectus Supplement
ELVA
globenewswire.comDecember 16, 2024

TORONTO, Dec. 16, 2024 (GLOBE NEWSWIRE) -- Electrovaya Inc. (“Electrovaya” or the “Company”) (NASDAQ: ELVA; TSX: ELVA), a leading lithium-ion battery technology and manufacturing company, is pleased to announce that the Company is commencing an underwritten public offering (the “Offering”) of its common shares (the “Common Shares”). All of the shares are being offered by the Company.

UL2580 Recognition for Electrovaya's Lithium Iron Phosphate Infinity Cell
UL2580 Recognition for Electrovaya's Lithium Iron Phosphate Infinity Cell
UL2580 Recognition for Electrovaya's Lithium Iron Phosphate Infinity Cell
ELVA
accesswire.comDecember 16, 2024

TORONTO, ON / ACCESSWIRE / December 16, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (Nasdaq:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, is proud to announce that its Infinity Series Lithium Ion Phosphate (LFP) based cell have successfully achieved UL2580 recognition. This milestone underscores the exceptional safety and reliability of Electrovaya's battery technology, meeting the rigorous safety standards set by UL2580, including the stringent external fire test (projectile test).

Electrovaya Inc. (ELVA) Q4 2024 Earnings Call Transcript
Electrovaya Inc. (ELVA) Q4 2024 Earnings Call Transcript
Electrovaya Inc. (ELVA) Q4 2024 Earnings Call Transcript
ELVA
seekingalpha.comDecember 12, 2024

Electrovaya Inc. (NASDAQ:ELVA ) Q4 2024 Earnings Conference Call December 12, 2024 5:00 PM ET Company Participants John Gibson - Chief Financial Officer Raj DasGupta - Chief Executive Officer Conference Call Participants Eric Stine - Craig-Hallum Amit Dayal - H.C. Wainwright Jeff Grampp - Alliance Global Daniel Magder - Raymond James Orin Hirschman - AIGH Investments Operator Greetings.

Electrovaya Reports Fiscal Year 2024 Results
Electrovaya Reports Fiscal Year 2024 Results
Electrovaya Reports Fiscal Year 2024 Results
ELVA
accesswire.comDecember 12, 2024

Revenue of $44.6M with $4M Adjusted EBITDA1 (6th Consecutive Positive Quarter) Historic Positive Cash Flow from Operations and Improved Gross Margins Approval of $51million direct loan from The Export-Import Bank of the United States expected to fund Electrovaya's lithium ion cell and battery manufacturing facility in Jamestown, New York Removal of Going Concern note in the financial statements due to improved financial performance TORONTO, ON / ACCESSWIRE / December 12, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (Nasdaq:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, today reported its financial results for the fourth quarter and fiscal year ended September 30, 2024 ("Q4 2024" & "FY 2024", respectively). All dollar amounts are in U.S. dollars unless otherwise noted.

Electrovaya to Host Investor Webcast on December 5, 2024
Electrovaya to Host Investor Webcast on December 5, 2024
Electrovaya to Host Investor Webcast on December 5, 2024
ELVA
accesswire.comDecember 4, 2024

TORONTO, ON / ACCESSWIRE / December 4, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a lithium ion battery technology and manufacturing company, today announced that it will host an investor webcast presentation on December 5, 2024 at 2:00 pm EST hosted by Bristol Capital. Electrovaya's CEO, Dr. Raj DasGupta and CFO, John Gibson will walk through the Company's corporate presentation.

Electrovaya: Mispriced Potential For Industry-Leading Battery Technology
Electrovaya: Mispriced Potential For Industry-Leading Battery Technology
Electrovaya: Mispriced Potential For Industry-Leading Battery Technology
ELVA
seekingalpha.comNovember 25, 2024

Electrovaya's Infinity Battery, with its superior cycle life and safety profile, is significantly undervalued by the market, presenting a strong buy opportunity. The company's strategic focus on heavy-duty applications and recent design wins in multiple verticals signal a prolonged growth stage. The Sumitomo agreement and the upcoming Jamestown facility build-out are game-changers, positioning Electrovaya for exponential growth.

​​The Export-Import Bank of the United States (EXIM) Approves a direct loan in the amount of $50.8 million to fund Electrovaya's Jamestown Lithium-Ion Battery Expansion
​​The Export-Import Bank of the United States (EXIM) Approves a direct loan in the amount of $50.8 million to fund Electrovaya's Jamestown Lithium-Ion Battery Expansion
​​The Export-Import Bank of the United States (EXIM) Approves a direct loan in the amount of $50.8 million to fund Electrovaya's Jamestown Lithium-Ion Battery Expansion
ELVA
accesswire.comNovember 14, 2024

Funding under EXIM‘s Make More in America initiative will fund equipment, engineering and setup costs for Electrovaya's Jamestown Battery Manufacturing Facility JAMESTOWN, NY / ACCESSWIRE / November 14, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, is pleased to announce that it has secured a direct loan in the amount of US$50.8 million from the Export-Import Bank of the United States ("EXIM") under the bank's ‘Make More in America' initiative. This financing will fund Electrovaya's battery manufacturing buildout in Jamestown, New York including equipment, engineering and setup costs for the facility.

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FAQ

  • What is the ticker symbol for Electrovaya?
  • Does Electrovaya pay dividends?
  • What sector is Electrovaya in?
  • What industry is Electrovaya in?
  • What country is Electrovaya based in?
  • When did Electrovaya go public?
  • Is Electrovaya in the S&P 500?
  • Is Electrovaya in the NASDAQ 100?
  • Is Electrovaya in the Dow Jones?
  • When was Electrovaya's last earnings report?
  • When does Electrovaya report earnings?
  • Should I buy Electrovaya stock now?

What is the ticker symbol for Electrovaya?

The ticker symbol for Electrovaya is NASDAQ:ELVA

Does Electrovaya pay dividends?

No, Electrovaya does not pay dividends

What sector is Electrovaya in?

Electrovaya is in the Industrials sector

What industry is Electrovaya in?

Electrovaya is in the Electrical Equipment & Parts industry

What country is Electrovaya based in?

Electrovaya is headquartered in Canada

When did Electrovaya go public?

Electrovaya's initial public offering (IPO) was on January 5, 2010

Is Electrovaya in the S&P 500?

No, Electrovaya is not included in the S&P 500 index

Is Electrovaya in the NASDAQ 100?

No, Electrovaya is not included in the NASDAQ 100 index

Is Electrovaya in the Dow Jones?

No, Electrovaya is not included in the Dow Jones index

When was Electrovaya's last earnings report?

Electrovaya's most recent earnings report was on Dec 12, 2024

When does Electrovaya report earnings?

The next expected earnings date for Electrovaya is Feb 13, 2025

Should I buy Electrovaya stock now?

As of today, analysts generally recommend a 'Strong buy' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions