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Electrovaya Inc T.ELVA

Alternate Symbol(s):  ELVA

Industrials
Electrovaya Inc. is a Canada-based lithium-ion battery technology and manufacturing company. The Company designs, develops and manufactures lithium-ion batteries and battery systems for energy storage, clean electric transportation, heavy duty electric vehicles and other specialized applications based on its Infinity Battery Technology Platform. The Company is focused on contributing to the prevention of climate change by supplying safe and long-lasting lithium-ion batteries. The Company is also developing next generation solid state battery technology at its Labs division. The Company has two operating sites in Canada and has a 52-acre site with approximately 135,000 square foot manufacturing facility in New York state. Its battery products are used across various applications, including material handling, e-mobility and energy storage.


TSX:ELVA - Post by User

Electrovaya Inc
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Comment by GerritEtmanson Jan 14, 2016 4:43pm
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Post# 24459607

RE:Electrovaya receives Cdn $23 million) contract

RE:Electrovaya receives Cdn $23 million) contract
varadero822 wrote: Get the champagne ready Gerrit...
At customary margins, a onetime order for $23 million should drive up the enterprise value at most by 1.5Million. In EFL's case, that would be $0.02 per share.  Anything above that is hype.  If one could trust that it would be recurring annually, then the share price increase is about right.  So far, recurring orders are not an EFL specialty.  The correction from the $0.84 peak two days ago is thus rational.   However, your champagne is waiting.  And waiting.  And waiting...

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