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Electrovaya Inc. Common Shares - $ELVA STOCK NEWS

Welcome to our dedicated page for Electrovaya Common Shares news (Ticker: $ELVA), a resource for investors and traders seeking the latest updates and insights on Electrovaya Common Shares stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Electrovaya Common Shares's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Electrovaya Common Shares's position in the market.

Rhea-AI Summary

Electrovaya Inc. will be participating in the Export-Import Bank of the United States (EXIM) 2024 Annual Conference, with its CEO Dr. Raj DasGupta joining a panel discussion on energy transition and the green economy. The conference will take place in Washington, DC, and aims to bring together various industry stakeholders.

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1.25%
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Rhea-AI Summary

Electrovaya Inc. (NASDAQ:ELVA)(TSX:ELVA) will release its Q2-2024 financial results on May 13, 2024, followed by a conference call led by CEO Dr. Raj DasGupta and CFO John Gibson. The call will discuss the financial results and provide business updates.

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0.63%
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Electrovaya and Sumitomo Power & Mobility have entered into a supply agreement for lithium-ion battery products. The partnership aims to supply battery modules to a leading Japanese construction equipment OEM. The agreement will enhance Electrovaya's sales reach and ability to serve large market opportunities primarily in the Asia-Pacific region.

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-2.79%
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Electrovaya, a lithium-ion battery technology company, will host a Battery Technology & Investor Day on June 12, 2024, to showcase their current technologies and production plans, including updates on Solid State Battery developments. The event will feature Dr. Raj DasGupta and other senior management members.
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2.75%
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conferences
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Electrovaya Inc. announces the successful approval of all resolutions at its 2024 Annual General Meeting. Six directors were elected with over 98% of votes for each. The auditors were re-appointed, and detailed voting results are available on SEDAR.
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-1.09%
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Electrovaya successfully integrates and tests its latest battery systems with wireless chargers, achieving performance metrics similar to wired chargers. The technology is being implemented for material handling battery products up to 60kWh capacity, enhancing integration with autonomous vehicles. The Company plans to showcase its products at MODEX 2024 and ACT Expo.
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0.75%
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Electrovaya Inc. announced that Dr. Raj DasGupta, CEO, will attend investor conferences in March 2024, including the 36th Annual Roth Conference and Piper Sandler 24th Annual Energy Conference.
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-1.73%
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conferences
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Electrovaya Inc. announces UL recognition for its latest GEN V Battery Management System (BMS) technology, meeting safety standards. The BMS platform offers remote monitoring and advanced analytics, enhancing fleet and warehouse management. CEO Dr. Raj DasGupta highlights the significance of UL approvals for the new high voltage battery system products. The Company plans to showcase its latest products at upcoming expos, MODEX 2024 and ACT 2024.
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0.98%
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Electrovaya Inc. increases its credit facility by C$6 million to C$22 million, with potential to expand to C$26 million, to support working capital needs for sales and production growth. The term has been extended to July 29, 2025, aiming to meet revenue targets and address purchase order backlog.
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Electrovaya Inc. reported $0.6 million in Adjusted EBITDA, with improved gross margins and reaffirmed fiscal 2024 guidance of $65 to $75 million. Revenue for Q1 FY2024 was $12.1 million, a 41% increase from Q1 FY2023. The company is making progress in reaching a new debt facility and project financing goals for its gigafactory build out.
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-4.65%
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Electrovaya Inc. Common Shares

Nasdaq:ELVA

ELVA Rankings

ELVA Stock Data

108.67M
19.19M
34.15%
11.31%
0.12%
Storage Battery Manufacturing
Manufacturing
Link
United States of America
Mississauga