Added to YB: 2026-05-06
Pitch date: 2026-05-01
ELVA [neutral]
Electrovaya Inc.
+0.78%
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 12.78
Price Target
12.00 (-7%)
Dividend
N/A
EV/EBITDA
50.29
P/E
83.80
EV/Sales
6.38
Sector
Electrical Equipment
Category
turnaround
Multibaggers, Turnarounds and Steady Eddies - Electrovaya Inc.
ELVA (holding update): Q1 FY26 first profitable quarter: $1M net profit, 32.9% gross margin, $15.5M rev (+39% YoY). Three-pillar turnaround: 1) Defense OEM revenue via 2 contractors, EXIM $50M+ loan, 2) Jamestown gigafactory cell production starts end CY26, 3) 45X tax credits jump $10→$35/kWh once cells online = $35M at 1GWh. $12 PT (~30% upside). Q2 catalyst: $10.5M Fortune 500 PO.
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