Electrovaya Inc.

Equities

ELVA

CA28617B6061

Electrical Components & Equipment

Market Closed - Toronto S.E. Other stock markets 04:00:00 2024-04-26 pm EDT			5-day change	1st Jan Change
4.32 ^CAD	+2.37%		+5.11%	+6.67%

Apr. 01	Electrovaya Inc. Approves Appointment of Steven Berkenfeld as Director	CI
Mar. 11	Electrovaya Inc. Announces Integration of Wireless Charging for its Batteries	CI

Electrovaya looks back on a year of 100% growth in the green energy market

May 15, 2023 at 11:57 am EDT

(via NewsDirect)

Electrovaya CEO Raj DasGupta joins Natalie Stoberman from the Proactive studio to discuss how the company has grown as a battery supplier for globally recognized corporations. DasGupta says the company has seen 100% rate of growth over the past year as a supplier in the material handling sector.

In the last quarter, DasGupta adds Electrovaya has achieved its first net profit with record revenue of $10.5 million and over $20 million in purchase orders. Electrovaya is a technology-focused company with extensive IP, designs, develops, and manufactures proprietary lithium-ion batteries, battery systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications.

Contact Details

Proactive Investors

+1 604-688-8158

na-editorial@proactiveinvestors.com

Latest news about Electrovaya Inc.

Electrovaya Inc. Approves Appointment of Steven Berkenfeld as Director	Apr. 01	CI
Electrovaya Inc. Announces Integration of Wireless Charging for its Batteries	Mar. 11	CI
Electrovaya Receives Third-Party Validation For Next Generation Battery Management System	Feb. 27	MT
Electroya Brief: Announcing Receipt of UL Functional Safety Approval for Next Generation Battery Management System	Feb. 27	MT
Electrovaya Inc. Announces Receipt of UL Functional Safety Approval for Next Generation Battery Management System	Feb. 27	CI
Electroya Down 2.4% In US Premarket As Announces Increase in Credit Facility to C$22 million	Feb. 14	MT
Electroya Brief: Cites Increase in availability by C$6 million from current working capital facility with an 18 month term also including uncommitted accordions to increase the facility to C$26 million	Feb. 14	MT
Electroya Brief: Announcing Increase in Credit Facility to C$22 million	Feb. 14	MT
Electrovaya Inc. Announces Increase in Credit Facility from CAD 16 Million to CAD 22 Million	Feb. 14	CI
Electrovaya Inc. Reports Earnings Results for the First Quarter Ended December 31, 2023	Feb. 13	CI
Electrovaya Fiscal Q1 Loss Narrows on Sales Gains	Feb. 12	MT
Transcript : Electrovaya Inc., Q1 2024 Earnings Call, Feb 12, 2024	Feb. 12
Electrovaya Inc. Re-Affirms Earnings Guidance for the Fiscal Year Ending September 30, 2024	Feb. 12	CI
Electrovaya Gains Near 6% As Reports 171% Increase In FY'23 Revenue YOY	Jan. 03	MT
Transcript : Electrovaya Inc., Q4 2023 Earnings Call, Jan 03, 2024	Jan. 03
Electrovaya Inc. Reports Earnings Results for the Full Year Ended September 30, 2023	Jan. 03	CI
Electrovaya Jumps 3.5% In US Pre-Market Trading as Reports 171% Increase In FY'23 Revenue YOY	Jan. 03	MT
Electrovaya Inc. Provides Earnings Guidance for the Fiscal Year Ending September 30, 2024	Jan. 03	CI
Electrovaya Reports First Shipment of Infinity-HV Battery Systems; Down 1.2%	Dec. 27	MT
Electrovaya Reports First Shipment of Infinity-HV Battery Systems	Dec. 27	MT
Electrovaya Inc. Begins Shipping Infinity-HV Battery Systems	Dec. 26	CI
Electroya Brief: Co Says "Remains optimistic and is making all efforts" to release the Reporting Documents by Required Deadline, But is "Taking steps to notify the market in the case additional time is required"	Dec. 22	MT
Electroya Brief: Announcing Potential Delay In Filing Year-End Reporting Documents	Dec. 22	MT
Electrovaya Inc. Receives USD 8 Million Battery Purchase Order	Nov. 07	CI
Electrovaya Inc. Announces Three Year Strategic Supply Agreement with Existing and New Global OEM Partners	Nov. 02	CI

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Company Profile

Electrovaya Inc. is a Canada-based lithium-ion battery technology and manufacturing company. The Company designs, develops and manufactures lithium-ion batteries and battery systems for energy storage, clean electric transportation, heavy duty electric vehicles and other specialized applications based on its Infinity Battery Technology Platform. The Company is focused on contributing to the prevention of climate change by supplying safe and long-lasting lithium-ion batteries. The Company is also developing next generation solid state battery technology at its Labs division. The Company has two operating sites in Canada and has a 52-acre site with approximately 135,000 square foot manufacturing facility in New York state. Its battery products are used across various applications, including material handling, e-mobility and energy storage.

Sector

Electrical Components & Equipment

Calendar

2024-05-15 - Q2 2024 Earnings Release (Projected)

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Ratings for Electrovaya Inc.

Trading Rating

Investor Rating

ESG Refinitiv

C-

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

3.156 USD

Average target price

8.146 USD

Spread / Average Target

+158.15%

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Sector Batteries & Uninterruptable Power Supplies

	1st Jan change	Capi.
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CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED	+21.57%	120B
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VOLTRONIC POWER TECHNOLOGY CORP.	-12.28%	4.03B
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ENERSYS	-9.59%	3.69B

Batteries & Uninterruptable Power Supplies