Electrovaya
Makes Infinity-based lithium-ion battery systems for demanding industrial, mobility, defense, and storage applications.
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Profile
Builds lithium-ion cells, modules and battery systems around its proprietary Infinity Battery Technology. It sells into industrial handling, mobility, defense and stationary storage applications while expanding North American manufacturing.
Builds lithium-ion cells, modules and battery systems around its proprietary Infinity Battery Technology. Target applications include material handling, robotic and autonomous vehicles, heavy-duty electric vehicles, defense platforms and stationary storage.
Operations pair an Ontario base with a Jamestown, New York site where cell and module assembly began in 2025. The business is pursuing North American manufacturing scale following its Nasdaq listing.
Infinity uses ceramic-enhanced construction and advanced materials designed for safety, long cycle life and durability in demanding environments. Sales depend on a limited number of customers, and execution depends on achieving high-volume production on time and cost-effectively.
Company facts
Key statistics
Year to date −16.2% · Average volume (30d) 666.7K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 12, 2026 | Oppenheimer | Reiterate | Outperform | $14 | $13 |
| Jul 16, 2026 | Raymond James | Reiterate | Strong Buy | $9.50 | $22 |
| Jun 5, 2026 | Roth Capital | Target | $12 | $20 | |
| May 15, 2026 | Roth Capital | Target | $10 | $12 | |
| May 15, 2026 | H.C. Wainwright | Target | $15 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 10, 2026Q3 FY26 | $0.03 | $0.01 | −66.7% | $21.4M | $17.7M | −17.4% | −21.01% |
| May 14, 2026Q2 FY26 | $0.01 | $0.02 | +100.0% | $17.7M | $18.0M | +1.7% | −14.43% |
| Feb 12, 2026Q1 FY26 | $0.01 | $0.02 | +100.0% | $16.7M | $15.5M | −7.2% | −11.43% |
| Dec 10, 2025Q4 FY25 | $0.05 | $0.06 | +20.0% | $20.3M | $20.3M | 0.0% | +29.00% |
Financial highlights
| 12 quarters | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $15.0M | $17.1M | $20.3M | $15.6M | $17.8M | $17.3M | |
| Gross profit | $4.7M | $5.3M | $6.1M | $5.1M | $5.5M | $5.5M | |
| Operating income | $1.4M | $2.0M | $2.4M | $1.4M | $1.5M | $1.5M | |
| Net income | $828.0K | $907.0K | $2.0M | $1.0M | $1.0M | $297.3K | |
| Diluted EPS | $0.02 | $0.02 | $0.05 | $0.02 | $0.02 | $0.01 | |
| Gross margin | 31.1% | 30.8% | 30.2% | 32.9% | 31.0% | 32.1% | |
| Operating margin | 9.3% | 11.5% | 11.7% | 8.8% | 8.5% | 8.6% |
Fiscal years (4-quarter sums)FY21 $9.8M · FY22 $19.2M · FY23 $43.4M · FY24 $44.6M · FY25 $63.6M
Balance sheet, Jun 30, 2026Cash & short-term investments $13.1M · Total debt $41.8M · Total assets $118.5M · Shareholders' equity $67.2M
Dividends
No dividends on record.
Ownership
Shares outstanding 49.51M · Float 33.96M · 68.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| FMR LLC | 5.29M | 10.68% | 13F | May 15, 2026 |
| Herald Investment Management Ltd | 1.15M | 2.32% | 13F | May 13, 2026 |
| Thompson Siegel & Walmsley LLC | 899.9K | 1.82% | 13F | May 11, 2026 |
| Picton Mahoney Asset Management | 807.5K | 1.63% | 13F | May 13, 2026 |
| Polar Asset Management Partners Inc. | 755.7K | 1.53% | 13F | May 15, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- EnerSys
Industrial lift-truck batteries and lithium-ion motive power
- Flux Power
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- Plug Power
Hydrogen fuel-cell power for material-handling fleets
- Microvast
Lithium-ion systems for heavy equipment, AGVs, and storage
- Ballard Power Systems
Fuel-cell power for off-road and material-handling equipment
- Tesla
Lithium-ion energy storage for commercial and utility customers
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Electrovaya | $6.73 | +1.35% | $329.2M | 69.1 | 27.1 | 4.6 | +3.4% |
| EnerSys | $189.16 | +1.98% | $6.76B | 19.9 | 14.9 | 1.8 | +4.8% |
| Flux Power | $0.6465 | +1.81% | $13.3M | — | — | 0.3 | −50.7% |
| Plug Power | $2.20 | +0.46% | $3.06B | — | — | 4.1 | +2.5% |
| Microvast | $0.7342 | +1.68% | $240.6M | — | 6.9 | 0.7 | −4.5% |
| Ballard Power Systems | $2.28 | +1.10% | $678.3M | — | — | 6.4 | +14.0% |
| Tesla | $348.19 | −0.16% | $1.38T | 322.9 | 174.6 | 13.3 | +25.5% |
| Median | 171.4 | 14.9 | 2.9 | +3.6% |