What’s Ahead for Electrovaya Inc. After Today’s Huge Increase?

 What's Ahead for Electrovaya Inc. After Today's Huge Increase?

The stock of Electrovaya Inc. (TSE:EFL) is a huge mover today! About 44,430 shares traded hands. Electrovaya Inc. (TSE:EFL) has risen 236.67% since March 10, 2016 and is uptrending. It has outperformed by 231.05% the S&P500.
The move comes after 6 months positive chart setup for the $265.77M company. It was reported on Oct, 17 by Barchart.com. We have $4.19 PT which if reached, will make TSE:EFL worth $98.33 million more.

More notable recent Electrovaya Inc. (TSE:EFL) news were published by: Marketwatch.com which released: “Electrovaya Inc.” on April 15, 2011, also Business.Financialpost.com with their article: “Podcast: Electrovaya Inc. CEO says products superior to Tesla, Panasonic, and BYD” published on March 28, 2016, Bloomberg.com published: “Tiny Battery Company Electrovaya Is Taking on Tesla, Panasonic” on June 30, 2016. More interesting news about Electrovaya Inc. (TSE:EFL) were released by: Business.Financialpost.com and their article: “Canadian lithium-ion battery maker Electrovaya racks up orders, cranks up …” published on July 07, 2016 as well as Globenewswire.com‘s news article titled: “Electrovaya Completes Transformational Acquisition of Evonik Litarion GmbH and …” with publication date: April 29, 2015.

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 $265.77 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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