Q2 Earnings Forecast for Electrovaya Issued By HC Wainwright

Electrovaya Inc. (NASDAQ:ELVA) – Analysts at HC Wainwright lowered their Q2 2026 earnings per share (EPS) estimates for Electrovaya in a note issued to investors on Friday, February 13th. HC Wainwright analyst A. Dayal now expects that the company will earn $0.01 per share for the quarter, down from their previous estimate of $0.02. The consensus estimate for Electrovaya’s current full-year earnings is $0.10 per share. HC Wainwright also issued estimates for Electrovaya’s Q3 2026 earnings at $0.02 EPS, Q4 2026 earnings at $0.06 EPS, FY2026 earnings at $0.11 EPS and FY2030 earnings at $0.96 EPS.

Electrovaya (NASDAQ:ELVA) last announced its earnings results on Thursday, February 12th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. Electrovaya had a net margin of 7.07% and a return on equity of 19.39%. The business had revenue of $15.50 million for the quarter, compared to analyst estimates of $16.71 million.

A number of other equities research analysts also recently weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Electrovaya in a research report on Monday, December 29th. Oppenheimer assumed coverage on Electrovaya in a research report on Thursday, December 18th. They issued an “outperform” rating and a $14.00 price objective for the company. Zacks Research upgraded Electrovaya from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Raymond James Financial restated a “strong-buy” rating and issued a $9.50 target price on shares of Electrovaya in a research note on Thursday, December 11th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $10.00 target price on shares of Electrovaya in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Electrovaya presently has an average rating of “Moderate Buy” and a consensus price target of $11.17.

Electrovaya Stock Performance

NASDAQ:ELVA opened at $7.85 on Monday. The firm’s 50-day moving average is $8.68 and its 200-day moving average is $6.74. The company has a market cap of $376.49 million, a price-to-earnings ratio of 65.42 and a beta of 1.36. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.93 and a current ratio of 4.16. Electrovaya has a 52-week low of $1.80 and a 52-week high of $11.88.

Institutional Investors Weigh In On Electrovaya

Several institutional investors and hedge funds have recently made changes to their positions in the company. Polar Asset Management Partners Inc. grew its holdings in shares of Electrovaya by 145.5% in the 4th quarter. Polar Asset Management Partners Inc. now owns 1,174,800 shares of the company’s stock worth $9,281,000 after purchasing an additional 696,320 shares during the last quarter. Thompson Siegel & Walmsley LLC acquired a new position in Electrovaya in the fourth quarter valued at about $4,976,000. WealthTrust Axiom LLC grew its stake in Electrovaya by 23.1% during the fourth quarter. WealthTrust Axiom LLC now owns 505,854 shares of the company’s stock worth $3,996,000 after buying an additional 94,950 shares during the last quarter. Caldwell Investment Management Ltd. acquired a new stake in shares of Electrovaya during the third quarter worth approximately $2,424,000. Finally, Mink Brook Asset Management LLC increased its holdings in shares of Electrovaya by 4.4% during the second quarter. Mink Brook Asset Management LLC now owns 395,101 shares of the company’s stock worth $1,347,000 after buying an additional 16,713 shares in the last quarter. Institutional investors and hedge funds own 22.47% of the company’s stock.

About Electrovaya

Electrovaya is a Canada-based energy storage company that designs and manufactures advanced lithium-ion battery systems and components. The company’s core business revolves around the development of proprietary electrode and cell technologies that deliver high energy density, rapid charge capability and enhanced safety features. Electrovaya’s product portfolio encompasses large-format battery cells, modules, complete battery packs and integrated energy storage systems tailored to industrial, commercial and utility-scale applications.

In the industrial sector, Electrovaya supplies modular battery systems for material-handling equipment such as electric forklifts, automated guided vehicles and airport ground support vehicles.