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Stock impact report

The Smartest Growth Stock to Buy With $1,000 Right Now [Yahoo! Finance Canada]

Electrovaya Inc. - Common Shares (ELVA) 
If you have $1,000 to invest right now and you're looking for a growth stock that isn't getting the attention it deserves, it might be time to take a closer look at Electrovaya TSX:ELVA ). Valued at a market cap of $517 million, ELVA stock has more than tripled in the last 12 months. The Canada-based battery maker is not a household name. But the customers it serves are. Electrovaya makes advanced lithium-ion batteries for some of the most demanding industrial applications in the world, from warehouse forklifts at major retailers to defence vehicles to robotic systems. More than a dozen Fortune 100 companies trust the company's technology. And based on the latest earnings results and analyst projections, the growth runway ahead looks compelling. Why Electrovaya is different from battery peers Electrovaya has spent more than 25 years developing its battery technology. It now holds more than 100 patents covering cell architecture, safety systems, and manufacturing. Its flagship Show less Read more
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