Electrovaya (ELVA, Financial) has successfully obtained UL2580 certification for 448 unique models of its new 24V, 36V, and 48V lithium-ion battery systems. These systems incorporate both the current 47Ah cell and a new 54Ah cell, with mass production plans set for 2026 at their Jamestown, New York facility. The upgraded models promise enhanced charge rates, energy density, and overall performance, which include ergonomic improvements.
The advancement in Electrovaya's battery systems allows them to deliver the highest energy density available in the material handling sector, giving the company a significant competitive edge. Customers can anticipate access to these advanced battery systems starting this year.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for Electrovaya Inc (ELVA, Financial) is $4.75 with a high estimate of $5.00 and a low estimate of $4.50. The average target implies an upside of 34.94% from the current price of $3.52. More detailed estimate data can be found on the Electrovaya Inc (ELVA) Forecast page.
Based on the consensus recommendation from 2 brokerage firms, Electrovaya Inc's (ELVA, Financial) average brokerage recommendation is currently 1.5, indicating "Buy" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Electrovaya Inc (ELVA, Financial) in one year is $6.85, suggesting a upside of 94.6% from the current price of $3.52. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Electrovaya Inc (ELVA) Summary page.
