Electrovaya ELVA Peer Comparison

NASDAQ ELVA
$6.59 -0.19 (-2.80%)
At close: Sep 10, 2026 · 4:00 PM EDT
Peer Comparison

69 Comparable Companies

Industry Energy Storage

Electrovaya Inc. (ELVA) is the 28th largest of 69 Energy Storage companies by market capitalisation, at 257.13 Mn, behind Amprius Technologies, Inc. at 436.15 Mn. It trades on a P/E of 119.15, 327% above the peer median of 27.91. The table below compares all 69 on 8 financial metrics.

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# Ticker Company match industry_code industry_group industry_group_code Market Capitalization P/E P/S Enterprise Value
1 ENS EnerSys primary I-43 Clean Energy Equipment IG-10 6.54 Bn 0.00 Mn 1.72 6.01 Bn
2 QS QuantumScape Corp primary I-43 Clean Energy Equipment IG-10 3.20 Bn 0.00 Mn — 3.20 Bn
3 EOSE Eos Energy Enterprises, Inc. primary I-43 Clean Energy Equipment IG-10 1.35 Bn 0.00 Mn 6.31 1.00 Bn
4 FLNC Fluence Energy, Inc. primary I-43 Clean Energy Equipment IG-10 1.34 Bn 0.00 Mn 0.51 0.77 Bn
5 NRGV Energy Vault Holdings, Inc. primary I-43 Clean Energy Equipment IG-10 0.75 Bn 0.00 Mn 3.33 0.65 Bn
6 ENVX Enovix Corp primary I-43 Clean Energy Equipment IG-10 0.69 Bn 0.00 Mn 19.21 0.69 Bn
7 AMPX-WT Amprius Technologies, Inc. primary I-43 Clean Energy Equipment IG-10 0.44 Bn 0.00 Mn 3.99 0.36 Bn
8 ELVA Electrovaya Inc. primary I-43 Clean Energy Equipment IG-10 0.26 Bn 0.00 Mn 3.58 0.24 Bn
9 MVST Microvast Holdings, Inc. primary I-43 Clean Energy Equipment IG-10 0.22 Bn 0.00 Mn 0.59 0.07 Bn
10 SES SES AI Corp primary I-43 Clean Energy Equipment IG-10 0.18 Bn 0.00 Mn 7.52 0.18 Bn
11 NEOV NeoVolta Inc. primary I-43 Clean Energy Equipment IG-10 0.15 Bn 0.00 Mn 8.14 0.14 Bn
12 KULR KULR Technology Group, Inc. primary I-43 Clean Energy Equipment IG-10 0.11 Bn 0.00 Mn 7.00 0.10 Bn
13 ULBI Ultralife Corp primary I-43 Clean Energy Equipment IG-10 0.09 Bn 0.00 Mn 0.50 0.09 Bn
14 CBAT CBAK Energy Technology, Inc. primary I-43 Clean Energy Equipment IG-10 0.09 Bn 0.00 Mn 0.39 -0.01 Bn
15 ATVK Ameritek Ventures, Inc. primary I-43 Clean Energy Equipment IG-10 0.06 Bn 0.00 Mn 2,133.11 0.06 Bn
16 STI Solidion Technology Inc. primary I-43 Clean Energy Equipment IG-10 0.06 Bn 0.00 Mn 270.09 0.06 Bn
17 TURB Turbo Energy, S.A. primary I-43 Clean Energy Equipment IG-10 0.01 Bn 0.00 Mn 0.60 0.01 Bn
18 DFLI Dragonfly Energy Holdings Corp. primary I-43 Clean Energy Equipment IG-10 0.01 Bn 0.00 Mn 0.17 0.01 Bn
19 GWH ESS Tech, Inc. primary I-43 Clean Energy Equipment IG-10 0.01 Bn 0.00 Mn -10.74 0.01 Bn
20 FLUX Flux Power Holdings, Inc. primary I-43 Clean Energy Equipment IG-10 0.01 Bn 0.00 Mn 0.30 0.01 Bn
21 XPON Expion Energy, Inc. primary I-43 Clean Energy Equipment IG-10 0.00 Bn 0.00 Mn 0.60 0.00 Bn
22 ELPW Elong Power Holding Ltd. primary I-43 Clean Energy Equipment IG-10 0.00 Bn 0.00 Mn 1.30 -0.01 Bn
23 JZXN Jiuzi Holdings, Inc. primary I-43 Clean Energy Equipment IG-10 0.00 Bn — — 0.00 Bn
24 BRNX Brenx Ltd. primary I-43 Clean Energy Equipment IG-10 0.00 Bn 0.00 Mn 0.08 0.00 Bn
25 TSLA Tesla, Inc. secondary D-01 Automobiles and Components DG-01 1,176.42 Bn 0.00 Mn 11.35 1,132.90 Bn
26 GEV GE Vernova Inc. secondary I-40 Clean Energy Equipment IG-10 247.48 Bn 0.00 Mn 5.98 234.36 Bn
27 VRT Vertiv Holdings Co secondary I-07 Machinery IG-02 95.42 Bn 0.00 Mn 8.31 92.31 Bn
28 CMI Cummins Inc secondary I-05 Machinery IG-02 75.77 Bn 0.00 Mn 2.18 71.10 Bn
29 BWA Borgwarner Inc secondary I-05 Machinery IG-02 13.34 Bn 0.00 Mn 0.93 10.89 Bn
30 GNRC Generac Holdings Inc. secondary I-40 Clean Energy Equipment IG-10 10.69 Bn 0.00 Mn 2.41 10.42 Bn
31 ORA Ormat Technologies, Inc. secondary U-02 Power Generation UG-01 5.93 Bn 0.00 Mn 4.99 5.27 Bn
32 ENPH Enphase Energy, Inc. secondary I-41 Clean Energy Equipment IG-10 4.86 Bn 0.00 Mn 3.66 3.93 Bn
33 LBRT Liberty Energy Inc. secondary E-10 Oilfield Services and Equipment EG-04 3.40 Bn 0.00 Mn 0.81 2.84 Bn
34 VC Visteon Corp secondary I-07 Machinery IG-02 2.68 Bn 0.00 Mn 0.71 2.03 Bn
35 BBUC Brookfield Business Corp secondary I-15 Construction Services IG-04 2.28 Bn 0.00 Mn 0.08 -2.48 Bn
36 SEDG Solaredge Technologies, Inc. secondary I-41 Clean Energy Equipment IG-10 2.25 Bn 0.00 Mn 1.75 1.67 Bn
37 IE Ivanhoe Electric Inc. secondary M-10 Metals and Mining MG-02 1.64 Bn 0.00 Mn 542.94 1.64 Bn
38 AMRC Ameresco, Inc. secondary I-15 Construction Services IG-04 1.20 Bn — — 1.11 Bn
39 SHLS Shoals Technologies Group, Inc. secondary I-41 Clean Energy Equipment IG-10 1.19 Bn 0.00 Mn 2.03 1.18 Bn
40 CSIQ Canadian Solar Inc. secondary I-41 Clean Energy Equipment IG-10 0.88 Bn 0.00 Mn 0.18 -0.59 Bn
41 WGO Winnebago Industries Inc secondary D-04 Automobiles and Components DG-01 0.80 Bn 0.00 Mn 0.28 0.74 Bn
42 ADSE Ads-Tec Energy Public Ltd Co secondary I-45 Clean Energy Equipment IG-10 0.67 Bn 0.00 Mn 6.35 0.67 Bn
43 MATW Matthews International Corp secondary D-30 Consumer Services DG-09 0.63 Bn 0.00 Mn 0.57 0.59 Bn
44 JKS JinkoSolar Holding Co., Ltd. secondary I-41 Clean Energy Equipment IG-10 0.61 Bn 0.00 Mn 0.07 -2.07 Bn
45 RELL Richardson Electronics, Ltd. secondary I-07 Machinery IG-02 0.25 Bn 0.00 Mn 1.08 0.22 Bn
46 SHMD SCHMID Group N.V. secondary I-04 Machinery IG-02 0.12 Bn 0.00 Mn 3.39 0.10 Bn
47 MAAS Maase Inc. secondary F-16 Insurance FG-04 0.12 Bn — 21.73 0.12 Bn
48 ACRG American Clean Resources Group, Inc. secondary I-04 Machinery IG-02 0.10 Bn 0.00 Mn — 0.10 Bn
49 OZSC Ozop Energy Solutions, Inc. secondary I-45 Clean Energy Equipment IG-10 0.09 Bn — — 0.09 Bn
50 TYGO Tigo Energy, Inc. secondary I-41 Clean Energy Equipment IG-10 0.08 Bn 0.00 Mn 0.71 0.06 Bn
51 KNDI Kandi Technologies Group, Inc. secondary D-01 Automobiles and Components DG-01 0.05 Bn -46.28 Mn 0.59 -0.08 Bn
52 LGO Largo Inc. secondary M-10 Metals and Mining MG-02 0.05 Bn 0.00 Mn 0.37 0.04 Bn
53 STEM Stem, Inc. secondary T-40 Infrastructure Software TG-06 0.05 Bn 0.00 Mn 0.31 0.01 Bn
54 CVV Cvd Equipment Corp secondary I-04 Machinery IG-02 0.04 Bn 0.00 Mn 1.70 0.04 Bn
55 XOS Xos, Inc. secondary I-05 Machinery IG-02 0.04 Bn 0.00 Mn 0.78 0.02 Bn
56 BEEM Beam Global secondary I-45 Clean Energy Equipment IG-10 0.03 Bn 0.00 Mn 1.15 0.03 Bn
57 RECT Rectitude Holdings Ltd. secondary I-31 Distribution and Rental IG-07 0.02 Bn 0.00 Mn 0.45 0.01 Bn
58 EFOI Energy Focus, Inc/De secondary I-07 Machinery IG-02 0.02 Bn 0.00 Mn 2.76 0.02 Bn
59 PBK POWERBANK Corp secondary U-02 Power Generation UG-01 0.01 Bn 0.00 Mn 0.43 0.00 Bn
60 XCH XCHG Ltd secondary I-45 Clean Energy Equipment IG-10 0.01 Bn 0.00 Mn 0.88 -11,385.37 Bn
61 SMXT SolarMax Technology, Inc. secondary I-17 Construction Services IG-04 0.01 Bn 0.00 Mn 0.11 0.01 Bn
62 GCDT Green Circle Decarbonize Technology Ltd secondary I-14 Construction Products IG-03 0.01 Bn 0.00 Mn 1.19 0.00 Bn
63 WKSP Worksport Ltd secondary D-02 Automobiles and Components DG-01 0.01 Bn 0.00 Mn 0.30 0.00 Bn
64 POLA Polar Power, Inc. secondary I-07 Machinery IG-02 0.00 Bn 0.00 Mn 1.05 0.00 Bn
65 PN PN Smart Energy Ltd secondary I-41 Clean Energy Equipment IG-10 0.00 Bn — — 0.00 Bn
66 ZEOWW Zeo Energy Corp. secondary I-17 Construction Services IG-04 0.00 Bn 0.00 Mn 0.02 0.02 Bn
67 CREG Smart Powerr Corp. secondary I-36 Waste Management IG-08 0.00 Bn 0.00 Mn 1.10 0.00 Bn
68 RAYA Erayak Power Solution Group Inc. secondary I-07 Machinery IG-02 0.00 Bn 0.00 Mn 0.01 -0.01 Bn
69 INLF INLIF Ltd secondary I-04 Machinery IG-02 0.00 Bn 0.00 Mn 0.00 -0.01 Bn