Added to YB: 2026-10-05
Pitch date: 2026-10-01
ELVA [neutral]
Electrovaya Inc.
-17.85%
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 327.5M
Pitch Price
CAD 9.30
Price Target
6.25 (-18%)
Dividend
N/A
EV/EBITDA
43.34
P/E
69.96
EV/Sales
4.95
Sector
Electrical Equipment
Category
growth
Robots Need Power. Let’s Look At Which Companies Supply It. - Electrovaya Inc.
ELVA (monitor): Electrovaya offers the clearest dedicated robot-battery shipment evidence, with commercial shipments to multiple manufacturers underway, but robotics revenue remains undisclosed. FY2026 guidance was cut to $70–73M, nine-month operating cash flow was approximately -$17.4M, and two customers were 88% of Q3 revenue. The $150M 2028 base case supports $5.60–6.25; interest begins around $4.50, contingent on improving collections and a credible factory ramp.
Read full article (2 min)