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Electrovaya is a “Strong Buy”, Raymond James says

Summary by Cantech Letter
Electrovaya (Electrovaya Stock Quote, Chart, News, Analysts, Financials NASDAQ:ELVA) is gaining momentum as demand grows for lithium-ion batteries in material handling, with analyst Daniel Magder of Raymond James reaffirming a “Strong Buy” and $4.50 target in a May 15 note. Following a 40% year-over-year jump in revenue and fresh funding for its New York facility, […] Source
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Cantech Letter broke the news in on Friday, May 30, 2025.
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