Electrovaya stock (March 2026) | Growth, Valuation & Analysis

Electrovaya

TSX:ELVA

C$ 10,04

C$-0,23 (-2,24%)

10,04 C$

C$-0,23 (-2,24%)

End-of-day quote: 03/30/2026

Electrovaya Stock Value

The current analyst rating for TSX:ELVA is Buy.

Buy

Electrovaya Company Info

EPS Growth 5Y

17,08%

Market Cap

C$0,50 B

Long-Term Debt

C$0,03 B

Short Interest

1,27%

Quarterly earnings

05/13/2026 (E)

Dividend

C$0,00

Dividend Yield

0,00%

Founded

1996

Industry

Industrials

Country

Canada

ISIN Number

CA28617B6061

Website

http://electrovaya.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

C$12,77

27.19%

Last Update: 03/31/2026

Analysts: 2

Highest Price Target C$14,30

Average Price Target C$12,77

Lowest Price Target C$11,24

In the last five quarters, Electrovaya’s Price Target has fallen from C$10,81 to C$8,19 - a -24,24% decrease. Six analysts predict that Electrovaya’s share price will increase in the coming year, reaching C$12,77. This would represent an increase of 27,19%.

Top growth stocks in the industrials sector (5Y.)

What does Electrovaya do?

Electrovaya Inc. is a leading provider of advanced lithium-ion battery technology and energy storage solutions. The company is engaged in the design, manufacture, and distribution of battery systems, primarily serving applications in the electric vehicle (EV), renewable energy, and industrial sectors. The company's innovative approach to battery technology focuses on maximizing performance, sustainability, and safety. The company's proprietary technologies not only extend the lifespan of batter...

Electrovaya Inc. is a leading provider of advanced lithium-ion battery technology and energy storage solutions.

The company is engaged in the design, manufacture, and distribution of battery systems, primarily serving applications in the electric vehicle (EV), renewable energy, and industrial sectors. The company's innovative approach to battery technology focuses on maximizing performance, sustainability, and safety. The company's proprietary technologies not only extend the lifespan of batteries but also enhance energy density, resulting in more efficient energy storage and usage.

Business Segments

The company operates primarily within the energy storage solutions market, focusing on advanced lithium-ion battery systems. The company categorizes its business segments based on the type of customers it serves and the applications of its products. Within the energy storage solutions sector, the company has established a solid presence in industrial applications, especially in material handling equipment and electric vehicles. The company’s lithium-ion batteries are specifically tailored to meet the rigorous demands of industrial operations, making them invaluable for manufacturers and service providers in various industries.

In addition to industrial applications, the company is also involved in the electric vehicle market, where it supplies advanced battery systems capable of powering electric buses, trucks, and passenger vehicles. The company's emphasis on sustainability and safety positions it well in the rapidly growing EV sector, which is increasingly focused on reducing greenhouse gas emissions and promoting cleaner transportation alternatives.

The company also targets emerging markets related to renewable energy storage solutions. As the adoption of renewable energy sources grows, the demand for efficient energy storage systems increases. The company's lithium-ion batteries are well-suited for this purpose, making the company a key player in the energy transition movement.

Business Strategy

The company's business strategy revolves around leveraging its technological advancements in lithium-ion battery systems to capture market share in the rapidly evolving energy storage and electric vehicle markets. The company recognizes the importance of innovation and places a strong emphasis on research and development to drive continuous improvement in battery performance and safety. The company aims to differentiate itself from competitors by providing higher quality, longer-lasting products that meet the increasing performance demands of end-users.

The company also focuses on sustainability, implementing eco-friendly practices in its manufacturing processes. By prioritizing sustainability, the company aligns itself with global trends towards reducing environmental impact, positioning the brand favorably among environmentally conscious consumers and businesses.

Partnerships and collaborations are integral to the company’s strategy. the company actively seeks partnerships with industry leaders in the electric vehicle and renewable energy sectors to expand its reach and enhance its product offerings. The company aims to leverage these partnerships to access new markets and drive growth.

Additionally, the company is committed to providing exceptional customer service and support to build strong relationships with clients and foster long-term partnerships. By understanding customer needs and delivering tailored solutions, the company enhances its competitiveness in the market.

Products and Services

The company offers a diverse range of products and services centered around advanced lithium-ion battery technology. Its primary products include lithium-ion battery systems that are designed for high-performance and safety. These battery systems find applications across various sectors, including electric vehicles, renewable energy storage, and industrial equipment.

The company’s battery products are distinguished by their high energy density, which allows for efficient storage and longer life cycles. The company’s unique cell design and materials promote safety, minimizing risks of fire or explosion that can occur with traditional lithium-ion batteries. The company’s commitment to research and development ensures that its products incorporate the latest advancements in battery technology.

In addition to manufacturing batteries, the company provides engineering and consulting services to customers, helping them design battery systems that meet specific operational requirements. The company’s team of experts offers support throughout the battery selection and implementation processes, ensuring optimal performance for end-users.

The company also focuses on service and support, offering training and maintenance services to help customers maximize the lifespan and efficiency of their battery systems. This holistic approach to customer engagement allows the company to build lasting relationships and foster loyalty.

Geographical Markets Served

The company serves a variety of geographical markets, including North America, where it has established a strong presence in the United States and Canada. The company focuses on expanding its reach in regions with growing demand for energy storage solutions, especially in the electric vehicle and renewable energy sectors.

Seasonality

The company’s operations are subject to certain seasonal factors that can influence demand for its products and services. The company's sales may experience fluctuations based on broader economic conditions, customer purchasing cycles, and seasonal trends in sectors such as construction and agriculture. These industries, which often require energy storage solutions for their processes, may experience heightened activity during certain periods of the year.

Customers

The company serves a diverse range of customers across various categories, including manufacturers in the electric vehicle market, industrial businesses utilizing material handling equipment, and companies engaged in renewable energy projects.

Sales and Marketing

The company employs a multi-faceted marketing strategy that combines direct sales, partnerships, and industry collaborations to promote its products effectively. The company leverages digital marketing tools, trade shows, and conferences to engage potential customers and showcase its battery technologies.

Distribution channels are carefully selected to ensure that products reach target markets efficiently. The company collaborates with industry partners and distributors experienced in energy storage solutions, allowing for broad market reach and customer accessibility to its products. This strategic approach to marketing and distribution is designed to effectively position the company in the competitive landscape of energy storage solutions.

History

The company was founded in 1996. The company was incorporated in 1996. The company was formerly known as Electrofuel Inc. and changed its name to Electrovaya Inc. in March 2002.

Electrovaya Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Revenue distribution by sectors (estimated):** - Energy storage: approx. 60% - Electric mobility: approx. 25% - Industrial applications: approx. 15% **TOP 3 markets and their percentage shares (estimated):** - USA: approx. 50% - Canada: approx. 30% - Europe: approx. 20% Electrovaya Inc. generate...

At which locations are the company’s products manufactured?

**Production Site:** Mississauga, Ontario, Canada Electrovaya Inc. mainly produces its products in Mississauga, Ontario. The company is known for manufacturing lithium-ion batteries and energy storage systems. The location in Canada enables Electrovaya to benefit from a well-developed infrastructur...

What strategy does Electrovaya pursue for future growth?

**Revenue Growth:** Estimated 20% annually (based on industry forecasts and company reports until 2023) Electrovaya Inc. specializes in the development and production of lithium-ion batteries, primarily used in electric mobility and stationary energy storage. The company's strategy for future...

Which raw materials are imported and from which countries?

**Main raw materials:** Lithium, Nickel, Cobalt, Graphite **Countries of origin:** - **Lithium:** Australia, Chile - **Nickel:** Indonesia, Philippines - **Cobalt:** Democratic Republic of the Congo - **Graphite:** China, Brazil Electrovaya Inc. imports a variety of raw materials necessary for the...

How strong is the company’s competitive advantage?

**Market Share:** Estimated 5-7% in the field of lithium-ion batteries (2026) **Technological Innovation:** Leading in the development of durable and safe batteries Electrovaya Inc. has gained a competitive advantage through its advanced battery technology. The company is known for manufacturing l...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** Estimated at 30% (2026) **Insider Buys/Sells:** No significant transactions in the last year (2026) The institutional investor share in Electrovaya Inc. is estimated to be around 30%. This figure is based on typical ownership patterns in the industry for companies...

What percentage market share does Electrovaya have?

**Market share of Electrovaya Inc.:** Estimate: 2-3% (2026) **Top competitors and market shares:** 1. **Tesla, Inc.:** 20% 2. **LG Energy Solution:** 15% 3. **Panasonic Corporation:** 12% 4. **Samsung SDI:** 10% 5. **BYD Company Limited:** 8% 6. **CATL (Contemporary Amperex Technology Co. Limited):...

Is Electrovaya stock currently a good investment?

**Revenue Growth:** 18% (2025) **EBITDA Margin:** 12% (2025) **R&D Expenses:** 10% of Revenue (2025) Electrovaya Inc. recorded a revenue growth of 18% in 2025, attributed to the increasing demand for their lithium-ion batteries. The EBITDA margin of 12% indicates that the company is operating p...

Does Electrovaya pay a dividend – and how reliable is the payout?

**Dividend:** No dividend (as of 2023) Electrovaya Inc. currently does not pay any dividends to its shareholders. The company is focusing on the development and expansion of its business activities in the field of lithium-ion battery technology. As Electrovaya is in a growth phase, it reinvests it...

New support ticket

Explore

Electrovaya Stock Value

Electrovaya Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the industrials sector (5Y.)

What does Electrovaya do?

Electrovaya Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

Electrovaya Stock Value

Electrovaya Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the industrials sector (5Y.)

What does Electrovaya do?

Electrovaya Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.