Added to YB: 2026-05-21
Pitch date: 2026-05-19
ELVA [bullish]
Electrovaya Inc.
+6.66%
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 551.7M
Pitch Price
CAD 13.07
Price Target
14.00 (+8%)
Dividend
N/A
EV/EBITDA
59.16
P/E
106.00
EV/Sales
7.94
Sector
Electrical Equipment
Category
growth
Electrovaya Energy Storage Pivot
ELVA (new position): Pivoting to high-power ESS w/ hyperscaler talks; robotics now #2 vertical; defense channel expanding. Q2: $18M rev (+20% YoY), 33.4% GM (+230bps), $2.8M adj EBITDA (15.7%). 5th straight profitable Q. Korean FAT de-risks Jamestown cell line startup late '26/early '27. StoreDot hire + DOE project validate tech. PT raised $12→$14 (+50% upside, +90% from $7.24 entry) on ESS ramp, $35/kWh 45X credit, niobium platform shared across verticals.
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