Added to YB: 2026-04-14
Pitch date: 2026-04-09
ELVA [bullish]
Electrovaya Inc.
+3.72%
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 428.8M
Pitch Price
CAD 11.28
Price Target
12.00 (+5%)
Dividend
N/A
EV/EBITDA
50.29
P/E
83.80
EV/Sales
6.38
Sector
Electrical Equipment
Category
turnaround
Electrovaya (ELVA): Defense Orders, the Jamestown Gigafactory, and the 45X Credit
ELVA: Profitable 4 consecutive qtrs, $15.5M Q1 rev, 32.9% gross margin. Jamestown gigafactory cell production target end CY2026 unlocks IRA 45X credit jump from $10/kWh (modules) to $35/kWh (cells). $10.5M Fortune 500 order Feb '26. Defense OEM sales growing. Ceramic separator moat. FY26 rev >$83M, EPS $0.10-$0.11. PT $12 (~50% upside). Risks: dilution, Jamestown delays, tariffs.
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