Electrovaya's Risk Is Receding And Potential Is Growing I picked this up on another site.
Summary
- I value Electrovaya at somewhere between $3.24 and $5.18 per share, more than 300% above its current price of $0.74.
- I believe the market is not correctly valuing the impact of the FY2022 revenue increase of 72% and the forecast 119% increase for FY2023 on EFL's finances.
- A 600% increase in capacity is coming online at the newly acquired NY manufacturing facility. EFL has proven its ability to manufacture batteries at scale.
- The risk premium associated with Electrovaya is falling, evidenced by its primary lender reducing a key interest rate.
https://seekingalpha.com/article/4568139-electovaya-risk-receding-potential-growing-top-pick-2023