Electrovaya (ELVA)
Makes Infinity-based lithium-ion battery systems for demanding industrial, mobility, defense, and storage applications.
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Builds lithium-ion cells, modules and battery systems around its proprietary Infinity Battery Technology. It sells into industrial handling, mobility, defense and stationary storage applications while expanding North American manufacturing.
Builds lithium-ion cells, modules and battery systems around its proprietary Infinity Battery Technology. Target applications include material handling, robotic and autonomous vehicles, heavy-duty electric vehicles, defense platforms and stationary storage.
Operations pair an Ontario base with a Jamestown, New York site where cell and module assembly began in 2025. The business is pursuing North American manufacturing scale following its Nasdaq listing.
Infinity uses ceramic-enhanced construction and advanced materials designed for safety, long cycle life and durability in demanding environments. Sales depend on a limited number of customers, and execution depends on achieving high-volume production on time and cost-effectively.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 12, 2026 | Oppenheimer | Reiterate | Rating: —Target: $14 | Target: $13 |
| Jul 16, 2026 | Raymond James | Reiterate | Rating: —Target: $9.50 | Target: $22 |
| Jun 5, 2026 | Roth Capital | Target | Target: $12 | Target: $20 |
| May 15, 2026 | Roth Capital | Target | Target: $10 | Target: $12 |
| May 15, 2026 | H.C. Wainwright | Target | Target: — | Target: $15 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $13.1M · Total debt $41.1M · Total assets $118.5M · Shareholders' equity $67.2M
- Revenue
- $17.3M
- Operating income
- $1.5M
- Net income
- $297.3K
No dividends on record.
| Institutions | ≈ 29.30% | 14.51M shares | |
|---|---|---|---|
| 101 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Other | ≈ 70.70% | 35.00M shares | |
| remainder | |||
49.51M company shares as of Aug 30, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
FMR LLCInstitution | 10.21% | 5.06M | as of Jun 30, 2026 |
Picton Mahoney Asset ManagementInstitution | 1.55% | 766,348 | as of Jun 30, 2026 |
Thompson Siegel & Walmsley LLCInstitution | 1.53% | 757,612 | as of Jun 30, 2026 |
Hood River Capital Management LLCInstitution | 1.48% | 730,318 | as of Jun 30, 2026 |
Herald Investment Management LtdInstitution | 1.42% | 704,500 | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Electrovaya | $6.70 | −1.11% | $335.2M | 70.4 | 25.4 | 4.7 | +3.4% |
| EnerSys | $179.31 | +0.41% | $6.51B | 19.1 | 14.4 | 1.7 | +4.8% |
| Flux Power | $0.5413 | +0.09% | $11.6M | — | — | 0.3 | −50.7% |
| Plug Power | $2.09 | +0.00% | $2.92B | — | — | 3.9 | +2.5% |
| Microvast | $0.6670 | +2.27% | $217.3M | — | 6.7 | 0.6 | −4.5% |
| Ballard Power Systems | $2.23 | +0.23% | $669.3M | — | — | 6.3 | +14.0% |
| Tesla | $377.53 | +0.59% | $1.48T | 347.5 | 183.2 | 14.3 | +25.5% |
| Median | 183.3 | 14.4 | 2.8 | +3.6% |