ELECTROVAYA INC (ELVA.CA) Forecast, Price Target & Analyst Ratings

TSX:ELVA • CA28617B6061

10.89 CAD

-0.88 (-7.48%)

Last: Mar 13, 2026, 07:00 PM

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for ELECTROVAYA INC (ELVA.CA).

Consensus Price Target

Price Target

CA$10.97

+ 0.69% Upside

→ Price target details

Next Earnings Forecast

Earnings Estimate

Release Date: May 12, 2026
Period: Q2 / 2026
EPS Estimate: $0.02
Revenue Estimate: 19.194M

→ Full earnings forecast details

ChartMill Buy Consensus

Rating

82.00%

Weighted Analyst Rating Score

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Price Target Details & History

Consensus Price Target and Range

Mean target

CA$10.97

Upside

+ 0.69%

From current price of CA$10.89 to mean target of CA$10.97, Based on 10 analyst forecasts

Low

CA$10.10

Median

CA$10.71

High

CA$12.60

Price Target Revisions

1 Month

13.16%

3 Months

48.11%

Price Target Summary

10 Wall Street analysts provided a forecast for the next 12 months for ELVA.CA. The average price target is 10.97 CAD. This implies a price increase of 0.69% is expected in the next year compared to the current price of 10.89.

The average price target has been revised upward by 48.11% in the past 3 months.

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Analyst Ratings & History

Current Analyst Ratings

Analyst Ratings History

Analyst Ratings Consensus

ChartMill Buy Consensus

82.00%

ELVA.CA was analyzed by 10 analysts. The buy percentage consensus is at 82. So analysts seem to be very confident about ELVA.CA.

In the previous month the buy percentage consensus was at a similar level.

ELVA.CA was analyzed by 10 analysts. More opinions would make the average more meaningful.

→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

Date	Firm	Action	From → To
2025-12-12	H.C. WAINWRIGHT & CO., LLC	Maintains	Buy -> Buy

Next Earnings Forecast Details

Next Earnings Details

Release Date: May 12, 2026
Period: Q2 / 2026
EPS Estimate: $0.02
Revenue Estimate: 19.194M
Revenue Q2Q: 27.81%
EPS Q2Q: -14.98%
Number of Analysts: 6

Next Earnings Revisions

Revenue (1 Month)

1.41%

Revenue (3 Months)

-3.75%

EPS (1 Month)

-28.55%

EPS (3 Months)

-16.65%

Next Earnings Summary

ELVA.CA is expected to report earnings on 5/12/2026. The consensus EPS estimate for the next earnings is 0.02 CAD and the consensus revenue estimate is 19.19M CAD.

The next earnings revenue estimate has been revised downward by 3.75% in the past 3 months.

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Full Analyst Estimates

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
Revenue YoY % growth	44.059M 122.30%	44.615M 1.26%	63.826M 43.06%	85.476M 33.92%	134.08M 56.86%	197.57M 47.35%	236.98M 19.95%	280.73M 18.46%	328.38M 16.97%	380.88M 15.99%	438.01M 15.00%
EBITDA YoY % growth	1.723M 141.02%	1.622M -5.86%	6.905M 325.71%	14.486M 109.79%	31.054M 114.37%	46.797M 50.70%	N/A	N/A	N/A	N/A	N/A
EBIT YoY % growth	816K 117.74%	413K -49.39%	5.451M 1,219.85%	11.39M 108.95%	27.193M 138.74%	45.31M 66.62%	56.427M 24.54%	69.111M 22.48%	83.345M 20.60%	99.491M 19.37%	117.42M 18.02%
Operating Margin	1.85%	0.93%	8.54%	13.33%	20.28%	22.93%	23.81%	24.62%	25.38%	26.12%	26.81%
EPS YoY % growth	-0.08 64.44%	-0.03 62.50%	0.09 400.00%	0.15 62.44%	0.42 186.05%	0.62 48.78%	0.80 27.87%	0.98 23.08%	1.19 21.88%	1.44 20.51%	1.70 18.44%

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

	Q2 / 26	Q3 / 26	Q4 / 26	Q1 / 27	Q2 / 27	Q3 / 27	Q4 / 27
EPS Q2Q % growth	0.02 -14.98%	0.03 69.98%	0.08 36.00%	0.03 53.00%	0.09 439.89%	0.11 230.03%	0.12 50.00%
Revenue Q2Q % growth	19.194M 27.81%	21.647M 26.35%	28.407M 38.53%	24.072M 54.76%	31.824M 65.80%	34.272M 58.32%	35.292M 24.24%
EBITDA Q2Q % growth	2.817M 39.32%	3.839M 28.22%	6.426M 68.13%	4.284M 168.09%	7.038M 149.84%	8.058M 109.90%	8.364M 30.16%
EBIT Q2Q % growth	2.106M 52.94%	2.82M 43.80%	5.151M 117.53%	3.162M 167.06%	5.916M 180.91%	6.936M 145.96%	7.242M 40.59%

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year

90.50%

EPS Next 5 Year

61.19%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year

44.62%

Revenue Next 5 Year

33.86%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year

95.46%

EBIT Next 5 Year

N/A

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ELECTROVAYA INC / ELVA.CA Forecast FAQ

What is the average price target for ELECTROVAYA INC (ELVA.CA) stock?

10 analysts have analysed ELVA.CA and the average price target is 10.97 CAD. This implies a price increase of 0.69% is expected in the next year compared to the current price of 10.89.

What is the next earnings date for ELVA stock?

ELECTROVAYA INC (ELVA.CA) will report earnings on 2026-05-12.

What are the consensus estimates for ELECTROVAYA INC (ELVA.CA) next earnings?

The consensus EPS estimate for the next earnings of ELECTROVAYA INC (ELVA.CA) is 0.02 CAD and the consensus revenue estimate is 19.19M CAD.

Can you provide the analyst count for ELECTROVAYA INC stock?

The number of analysts covering ELECTROVAYA INC (ELVA.CA) is 10.

Analyst forecast overview

Forecast Snapshot