ELVA
Strong SellSinkerElectrovaya Inc. · Industrials · Canada · $329M · Avg Vol: $4M/d
Sinker: Weak, expensive and falling. Nothing here to keep it afloat.
ABOUT ELECTROVAYA INC.
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Electrovaya Inc. is a leading manufacturer of proprietary lithium-ion batteries and battery systems for electric vehicles and industrial applications, known for their enhanced safety, longevity, and energy density. The company holds a competitive advantage through its unique ceramic separator technology and extensive patent portfolio, which enables superior performance and cycle life compared to conventional lithium-ion batteries. Its focus on specialized, high-performance battery solutions positions it in a growing niche market.
FINANCIAL SUMMARY (USD)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 15.6M | 43.4M | 44.6M | 63.6M | 59.7% | 71.8M | 70.8M | 104.3M | 28.1% |
| EPS | -0.31 | -0.04 | -0.04 | 0.09 | — | 0.10 | 0.09 | — | 2.1% |
| Shares | 29.4M | 33.8M | 34.1M | 42.1M | +43.0% | 49.5M | — | — | — |
| Debt | 23.1M | 19.0M | 20.8M | 22.6M | -0.8% | 41.1M | — | — | — |
| Equity | -6.7M | 7.1M | 8.6M | 31.1M | 108.7% | — | — | — | — |
| Op CF | -8.8M | -5.2M | 1.0M | 1.7M | 65.4% | -8.3M | — | — | — |
| Inv CF | -0.2M | -0.9M | -0.7M | -12.0M | — | — | — | — | — |
| Fin CF | 7.9M | 6.6M | -0.6M | 15.9M | — | — | — | — | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Industrials, ranked by industry match, size, and score similarity. Cross-listings of ELVA are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| ELVA | Electrovaya Inc.(you) | $329M | 11 | Strong Sell |
| BLDP | Ballard Power Systems Inc. | $678M | 10 | Strong Sell |
| GRID.TO | Tantalus Systems Holding Inc. | $153M | 16 | Strong Sell |
| SPRQ.V | SPARQ Systems Inc. | $85M | 17 | Strong Sell |
| QESS.CN | Aegis Critical Energy Defence Corp. | $38M | 9 | Strong Sell |
| UVC.V | Illumisoft Lighting Corp. | $32M | 2 | Strong Sell |
| HPS-A.TO | Hammond Power Solutions Inc. | $1.9B | 45 | Hold |
| HMM-A.TO | Hammond Manufacturing Company Limited | $207M | 99 | Strong Buy |
| ANRG.TO | Anaergia Inc. | $328M | 19 | Strong Sell |
| ZDC.V | Zedcor Inc. | $381M | 3 | Strong Sell |
Peer medians: ROE 9.2% · P/E 24.7x · Gross margin 28.7%
Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.