What Will Happen to Electrovaya Inc. Next? The Stock Just Increased A Lot


The stock of Electrovaya Inc. (TSE:EFL) is a huge mover today! About 61,816 shares traded hands. Electrovaya Inc. (TSE:EFL) has risen 328.57% since February 5, 2016 and is uptrending. It has outperformed by 312.08% the S&P500.
The move comes after 5 months positive chart setup for the $258.69 million company. It was reported on Sep, 13 by Barchart.com. We have $5.60 PT which if reached, will make TSE:EFL worth $214.71M more.

Electrovaya Inc. is a Canada-based company, which is engaged in developing, manufacturing and marketing of power technology products. The company has a market cap of $258.69 million. The Firm develops energy storage products, including electrodes, separators, cells, modules and advanced battery systems. It currently has negative earnings. The Firm develops Lithium Ion SuperPolymer batteries and battery-related products for the clean electric transportation, utility scale energy storage and smart grid power, consumer and healthcare markets.

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