Electrovaya Inc. (ELVA)
NASDAQ: ELVA · Real-Time Price · USD
2.710
-0.025 (-0.91%)
At close: May 12, 2025, 4:00 PM
2.840
+0.130 (4.80%)
After-hours: May 12, 2025, 7:59 PM EDT
Electrovaya Stock Forecast
Stock Price Forecast
The 5 analysts with 12-month price forecasts for Electrovaya stock have an average target of 6.10, with a low estimate of 4.50 and a high estimate of 10. The average target predicts an increase of 125.09% from the current stock price of 2.71.
Analyst Consensus: Strong Buy
* Price targets were last updated on Feb 14, 2025.
Analyst Ratings
The average analyst rating for Electrovaya stock from 5 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Nov '24 | Dec '24 | Jan '25 | Feb '25 | Mar '25 | Apr '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 4 | 5 | 5 | 5 | 5 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 4 | 5 | 5 | 5 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Roth MKM | Roth MKM | Strong Buy Reiterates $4 → $5 | Strong Buy | Reiterates | $4 → $5 | +84.50% | Feb 14, 2025 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $10 | Strong Buy | Reiterates | $10 | +269.00% | Feb 14, 2025 |
| Raymond James | Raymond James | Strong Buy Initiates $4.5 | Strong Buy | Initiates | $4.5 | +66.05% | Jan 23, 2025 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Maintains $16 → $10 | Strong Buy | Maintains | $16 → $10 | +269.00% | Dec 13, 2024 |
| Alliance Global Partners | Alliance Global Partners | Strong Buy Initiates $5 | Strong Buy | Initiates | $5 | +84.50% | Sep 26, 2024 |
Financial Forecast
Revenue This Year
69.28M
from 44.62M
Increased by 55.29%
Revenue Next Year
113.41M
from 69.28M
Increased by 63.69%
EPS This Year
0.12
from -0.04
EPS Next Year
0.42
from 0.12
Increased by 234.69%
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 73.1M | 122.4M | 167.8M | ||
| Avg | 69.3M | 113.4M | 163.0M | ||
| Low | 64.3M | 102.9M | 156.6M |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 63.8% | 76.7% | 47.9% | ||
| Avg | 55.3% | 63.7% | 43.7% | ||
| Low | 44.1% | 48.5% | 38.1% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 0.16 | 0.55 | 0.46 | ||
| Avg | 0.12 | 0.42 | 0.45 | ||
| Low | 0.07 | 0.23 | 0.43 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | - | 337.0% | 10.5% | ||
| Avg | - | 234.7% | 7.3% | ||
| Low | - | 80.4% | 3.1% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.