Electrovaya (EFLVF) Receives a New Rating from a Top Analyst
Howard Kim
May 23, 2022, 03:07 AM
Electrovaya (EFLVF – Research Report) received a Buy rating and a C$3.25 price target from H.C. Wainwright analyst Amit Dayal today. The company’s shares closed last Friday at $0.46, equals to its 52-week low of $0.46.
According to TipRanks.com, Dayal is a top 100 analyst with an average return of 49.1% and a 43.1% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as TOMI Environmental Solutions, Pioneer Power Solutions, and Ballard Power Systems.
Currently, the analyst consensus on Electrovaya is a Moderate Buy with an average price target of $2.54.
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The company has a one-year high of $1.37 and a one-year low of $0.46. Currently, Electrovaya has an average volume of 60.16K.
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Electrovaya, Inc. develops and manufactures proprietary Lithium Ion. The firm engages in designing, developing and manufacturing batteries, battery systems and battery-related products for energy storage, clean electric transportation and other specialized applications. Its main businesses include: lithium-ion batteries to power MHEVs including forklifts and Automated Guided Vehicles as well as accessories such as battery chargers to charge the batteries; electromotive power products for electric trucks, electric buses and other transportation applications; industrial products for energy storage; and specialty applications which require complex power solutions, including competencies in building systems for third parties. The company was founded by Sankar Das Gupta and James K. Jacobs in September 1996 and is headquartered in Mississauga, Canada.
