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Stock impact report

Electrovaya: An Ideal Time To Buy This Profitable Battery Tech Specialist [Seeking Alpha]

Electrovaya Inc. - Common Shares (ELVA) 
Company Research Source: Seeking Alpha
Gross margins have improved by 600 bps in two years, with further gains expected from vertical integration with the onset of Jamestown manufacturing and Section 45X tax credits. Unlike a lot of battery tech entities, ELVA has been EBITDA profitable for the last 11 quarters, with EBITDA expected to grow by 75% over the next two years. ELVA's valuations are not exactly cheap, but we also highlight why those premium multiples could be justified. The overall technical setup is favorable post-correction, with insider buying and potential index inclusion providing additional catalysts. onurdongel/iStock via Getty Images Introduction Electrovaya Inc. ( ELVA ), a lithium-ion battery tech small-cap stock (market cap of $372M), has turned out to be an astounding source of alpha over the past year. During a period when other global small-caps have notched up This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the Show less Read more
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