<div id="readability-page-1"><p>AIGH Capital Management LLC reduced its stake in  Electrovaya Inc. (NASDAQ:ELVA - Free Report) by 91.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor  owned 192,100 shares of the company's stock after selling 1,963,736 shares during the quarter. AIGH Capital Management LLC owned about 0.48% of Electrovaya worth $1,132,000 as of its most recent filing with the Securities and Exchange Commission (SEC).</p><p>A number of other hedge funds and other institutional investors have also bought and sold shares of ELVA. Herald Investment Management Ltd increased its holdings in shares of  Electrovaya by 7.2% in the 2nd quarter. Herald Investment Management Ltd now owns 1,265,000 shares of the company's stock worth $4,314,000 after buying an additional 85,000 shares during the last quarter.  Penbrook Management LLC grew its position in  Electrovaya by 69.1% in the second quarter. Penbrook Management LLC now owns 308,111 shares of the company's stock worth $1,050,000 after acquiring an additional 125,896 shares in the last quarter.  AMH Equity Ltd grew its position in  Electrovaya by 100.0% in the second quarter. AMH Equity Ltd now owns 200,000 shares of the company's stock worth $682,000 after acquiring an additional 100,000 shares in the last quarter.  WealthTrust Axiom LLC increased its stake in  Electrovaya by 5.5% in the second quarter. WealthTrust Axiom LLC now owns 415,604 shares of the company's stock valued at $1,417,000 after acquiring an additional 21,525 shares during the last quarter.  Finally, Mink Brook Asset Management LLC raised its position in  Electrovaya by 4.4% during the second quarter. Mink Brook Asset Management LLC now owns 395,101 shares of the company's stock valued at $1,347,000 after purchasing an additional 16,713 shares in the last quarter. Hedge funds and other institutional investors own  22.47% of the company's stock. </p><h2>Wall Street Analysts Forecast Growth</h2><p>A number of equities analysts have recently issued reports on ELVA shares. Zacks Research upgraded Electrovaya from a &#34;strong sell&#34; rating to a &#34;hold&#34; rating in a report on Tuesday, November 11th. Roth Mkm  set a $7.00 target price on Electrovaya in a research note on Thursday, December 11th. Oppenheimer assumed coverage on shares of Electrovaya in a research note on Thursday, December 18th. They set an &#34;outperform&#34; rating and a $14.00 price target on the stock. Wall Street Zen lowered shares of Electrovaya from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a report on Sunday, September 28th. Finally, Raymond James Financial  reaffirmed a &#34;strong-buy&#34; rating and set a $9.50 target price on shares of Electrovaya in a report on Thursday, December 11th. One equities research analyst  has rated the stock with a Strong Buy rating, three have issued  a Buy rating and two have assigned  a Hold rating to the company. According to data from MarketBeat.com, Electrovaya presently has a consensus rating of &#34;Moderate Buy&#34; and an average price target of $10.13.</p><p><b>Read Our Latest Research Report on Electrovaya</b></p><h2>Electrovaya Stock Performance</h2><p>Shares of ELVA stock opened at $11.02 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.93 and a current ratio of 4.16. Electrovaya Inc. has a fifty-two week low of $1.80 and a fifty-two week high of $11.46. The stock has a 50 day moving average price of $7.06 and a two-hundred day moving average price of $6.07. The company has a market capitalization of $528.52 million, a P/E ratio of 122.46 and a beta of 1.37. </p><p>Electrovaya (NASDAQ:ELVA - Get Free Report) last issued its earnings results on Wednesday, December 10th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.01. Electrovaya had a net margin of 5.27% and a return on equity of 14.21%. The firm had revenue of $20.51 million for the quarter, compared to analysts' expectations of $20.26 million.  Analysts expect that  Electrovaya Inc. will post 0.1 earnings per share for the current year. </p><h2>Electrovaya Company Profile</h2> (Free Report)<p>Electrovaya is a Canada-based energy storage company that designs and manufactures advanced lithium-ion battery systems and components. The company's core business revolves around the development of proprietary electrode and cell technologies that deliver high energy density, rapid charge capability and enhanced safety features. Electrovaya's product portfolio encompasses large-format battery cells, modules, complete battery packs and integrated energy storage systems tailored to industrial, commercial and utility-scale applications.  </p><p>In the industrial sector, Electrovaya supplies modular battery systems for material-handling equipment such as electric forklifts, automated guided vehicles and airport ground support vehicles.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Electrovaya</li><li>INVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting Off</li><li>The $100 Trillion AI Story No One Is Telling You</li><li>Buy This Stock at 9:30 AM on MONDAY!</li><li>A U.S. “birthright” claim worth trillions - activated quietly</li><li>Elon Taking SpaceX Public! $100 Pre-IPO Opportunity!</li></ul><p><strong>Want to see what other hedge funds are holding ELVA?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Electrovaya Inc. (NASDAQ:ELVA - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9RUxWQQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9RUxWQQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Electrovaya Right Now?</h2><p>Before you consider Electrovaya, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Electrovaya wasn't on the list.</p><p>While Electrovaya currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

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<p>AIGH Capital Management LLC has significantly reduced its stake in Electrovaya Inc. by 91.1%, now holding 192,100 shares after selling 1,963,736 shares in Q3. Other institutional investors have also adjusted their positions, with notable increases from Herald Investment Management and Penbrook Management. Analysts have mixed ratings on Electrovaya, with a consensus rating of "Moderate Buy" and an average price target of $10.13. The stock opened at $11.02, with a market cap of $528.52 million and a recent EPS of $0.06, exceeding expectations.</p>

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AIGH Capital Management LLC Cuts Stock Holdings in Electrovaya Inc. $ELVA