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Electrovaya Inc. (ELVA $12.05)
- $12.05 P/E (TTM): 128.96X Cap: $472M
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Q: In the past month ELVA has doubled. Why?

Has it run ahead of itself that is quite an increase in a very short period of time.

Should one wait for a retracement?

Thanks

Sheldon

Asked by Sheldon on January 07, 2026

5i Research Answer:

ELVAs recent quarter was quite strong, with sales growth of 43% for the year and it also marked...

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