Contract Win Sends Shares Of Battery Technology Company Higher [Globe and Mail, The (Toronto, Canada)]
Electrovaya Inc. - Common Shares (ELVA)
Company Research
Source: Globe and Mail, The
The company's shares are moving higher on the news that the Company has received orders from a second global construction OEM through their partnership with Sumitomo Corporation Power & Mobility ("SCPM"), a 100% subsidiary of Sumitomo Corporation. This order is for high voltage battery systems for a leading global Japanese headquartered construction equipment manufacturer. The orders were placed under Electrovaya's existing Supply Agreement with SCPM and will be delivered in Japan in 2025. "We are excited to have a second major construction equipment OEM win in addition to both overall increased traction in the Japanese market and expansion of new verticals for our products," said Dr. Raj DasGupta, CEO of Electrovaya. "We believe that our competitive advantages with respect to safety and cycle life continue to provide a key benefit for heavy duty electrified applications." As mentioned, shares of ELVA on the TSX are currently trading up 5.8% at $3.10, while U.S. listed shares of
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ELVA
News
- Electrovaya (TSX:ELVA) Is Up 23.1% After First Full Year of Profitability - What's Changed [Yahoo! Finance]Yahoo! Finance
- Electrovaya: Profits Are Here And A 2X Is More Realistic [Seeking Alpha]Seeking Alpha
- Electrovaya: Expanding Market Opportunity Can Continue Strong Growth Trend [Seeking Alpha]Seeking Alpha
- Electrovaya (NASDAQ:ELVA) had its "strong-buy" rating reaffirmed by analysts at Raymond James Financial, Inc..MarketBeat
- Electrovaya (NASDAQ:ELVA) was given a new $7.00 price target on by analysts at Roth Capital.MarketBeat
ELVA
Analyst Actions
- 12/11/25 - Raymond James Financial, Inc.
ELVA
Sec Filings
- 11/12/25 - Form 6-K
- 11/10/25 - Form SCHEDULE
- 11/6/25 - Form 6-K
- ELVA's page on the SEC website