Added to YB: 2026-03-19
Pitch date: 2026-03-17
ELVA [bullish]
Electrovaya Inc.
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 428.8M
Pitch Price
N/A
Price Target
14.00
Dividend
N/A
EV/EBITDA
50.29
P/E
83.80
EV/Sales
6.38
Sector
Electrical Equipment
Category
growth
Electrovaya Stage Set for Successful Turnaround
ELVA: Canadian Li-ion battery maker w/ 100+ patents on ceramic separator tech, zero safety incidents across 30K+ deployments. FY25 rev $63.8M (+43% YoY), first-ever profit $3.3M, adj EBITDA $8.8M (+115%). Q1 FY26 rev $15.5M (+39%), net income $1M, 8 consecutive quarters positive EBITDA. FY26 guide >$83M rev (+30%). Customers: Walmart, Toyota/Raymond, Mondelez, defense contractor. $50.8M US govt loan for Jamestown gigafactory (H2 2026), unlocks IRA 45X tax credits. Stock -34% from peak on minor Q1 miss despite intact fundamentals. Risks: customer concentration, manufacturing execution, dilution history. Trading 5x EV/rev, 50x EBITDA.
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