Electrovaya’s Strong Financial Performance and Strategic Growth Plans Justify Buy Rating
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Amit Dayal from H.C. Wainwright reiterated a Buy rating on Electrovaya with a $10.00 price target, citing strong financial performance and strategic growth plans. Electrovaya reported significant increases in net revenues, gross profit, operating profit, and net income for F4Q25. The company projects at least 30% topline growth in FY2026, supported by a robust purchase order backlog, a strengthened balance sheet, and expanded production capacity. Craig-Hallum also reiterated a Buy rating with a $9.00 price target.
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