Electrovaya shares are trading lower after the company reported Q3 financial results. The company issued FY26 sales guidance below estimates.

Electrovaya's 2026 Outlook: Scaling Manufacturing to Support New Data Center Energy Storage

Electrovaya achieved profitability in fiscal 2025 with 43% revenue growth and a Superscore of 71, driven by proprietary ceramic-separator battery technology and expansion into data center energy storage. However, the stock faces headwinds from stretched valuation (forward P/E of 58), negative free cash flow (-$3.6M), and intense competition from larger incumbents. The company's success depends on executing large Fortune 500 deals and delivering on aggressive growth guidance.

Electrovaya Narrows FY2026 Sales Guidance from $70.000M-$73.000M to $71.000M vs $71.053M Est

Electrovaya (NASDAQ:ELVA) narrows FY2026 sales outlook from $70.000 million-$73.000 million to $71.000 million vs $71.053 million estimate.

Shares of data center infrastructure-related companies are trading higher as retreating oil prices and bond yields help risk assets rebound. Also, the sector may be reacting positively to Generac and Vicor hyperscaler-related deals.

Oppenheimer Maintains Outperform on Electrovaya, Lowers Price Target to $13

Oppenheimer analyst Colin Rusch maintains Electrovaya (NASDAQ:ELVA) with a Outperform and lowers the price target from $14 to $13.