The average one-year price target for Electrovaya (TSX:ELVA) has been revised to $7.40 / share. This is an increase of 20.81% from the prior estimate of $6.13 dated August 19, 2025.

The price target is an average of many targets provided by analysts. The latest targets range from a low of $5.05 to a high of $9.45 / share. The average price target represents a decrease of 11.44% from the latest reported closing price of $8.36 / share.

What is the Fund Sentiment?

There are 26 funds or institutions reporting positions in Electrovaya. This is an increase of 2 owner(s) or 8.33% in the last quarter. Average portfolio weight of all funds dedicated to ELVA is 0.25%, an increase of 38.62%. Total shares owned by institutions increased in the last three months by 0.49% to 6,741K shares.

What are Other Shareholders Doing?

AIGH Capital Management holds 2,156K shares representing 5.38% ownership of the company. In its prior filing, the firm reported owning 2,262K shares , representing a decrease of 4.94%. The firm increased its portfolio allocation in ELVA by 20.55% over the last quarter.

Polar Asset Management Partners holds 1,677K shares representing 4.18% ownership of the company. In its prior filing, the firm reported owning 1,941K shares , representing a decrease of 15.74%. The firm decreased its portfolio allocation in ELVA by 13.58% over the last quarter.

Herald Investment Management holds 1,265K shares representing 3.15% ownership of the company. In its prior filing, the firm reported owning 1,180K shares , representing an increase of 6.72%. The firm increased its portfolio allocation in ELVA by 25.10% over the last quarter.

WealthTrust Axiom holds 416K shares representing 1.04% ownership of the company. In its prior filing, the firm reported owning 394K shares , representing an increase of 5.18%. The firm increased its portfolio allocation in ELVA by 50.33% over the last quarter.

Mink Brook Asset Management holds 395K shares representing 0.99% ownership of the company. In its prior filing, the firm reported owning 378K shares , representing an increase of 4.23%. The firm increased its portfolio allocation in ELVA by 27.27% over the last quarter.