Electrovaya Fair Value Estimate Rises to CA$13.99 on Amazon Deal and Jamestown Progress

Analyst
โดย Simply Wall St·US·Read original
Summary · why it matters

Electrovaya's fair value estimate has been raised from CA$12.55 to CA$13.99, reflecting updated analyst assumptions tied to the Amazon commercial agreement and progress at the Jamestown, New York facility. Revenue growth in the model now uses 44.07% instead of 42.30%, net profit margin is set at 15.05% compared with 14.48% previously, the future P/E multiple assumption has shifted from 22.9x to 24.0x, and the discount rate has adjusted from 8.78% to 8.66%. Roth Capital, H.C. Wainwright, and Raymond James have all lifted their price targets in recent months, with Roth moving from US$12 to US$20 after visiting Jamestown, H.C. Wainwright raising from US$10 to US$15 following fiscal Q2 results, and Raymond James increasing from US$14 to US$22 citing the Amazon relationship as a potential market expander. Roth Capital also noted near-term uncertainty around airline customers weighing on airport equipment demand, even as forklift battery demand tracks above earlier assumptions.

Impact on stocks 3

Electrification & Mobility▲ · 1 stocks
Electrovaya Inc.
ELVA
▲ PositiveCapitalrelevance

Fair value estimate raised due to Amazon deal and Jamestown progress, with multiple analyst price target increases.

Financials▲ · 1 stocks
Artificial Intelligence▲ · 1 stocks

Off-coverage companies 2

H.C. Wainwright & Co.Private▲ Positive
Capitalrelevance

H.C. Wainwright raised price target on Electrovaya following fiscal Q2 results.

Roth Capital PartnersPrivate▲ Positive
Capitalrelevance

Roth Capital raised price target on Electrovaya after visiting Jamestown.

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