Why Is Electrovaya (ELVA) Stock Climbing On The Charts?

The stock of Electrovaya Inc. (NASDAQ: ELVA), which was up 12.67% to trade at $4.45 on Monday morning, is carrying over its Friday surge. Electrovaya’s shares increased 14.37% over the weekend trading session, ending at $3.82. The increase in ELVA shares is coincidental with the company’s participation in a noteworthy occasion this week.

On January 9 and 10, 2024, the management of Electrovaya (ELVA) will be attending the iAccess Alpha Tax Loss Recovery Summit Virtual Conference. The CEO of Electrovya, Dr. Raj DasGupta, will conduct one-on-one meetings on Wednesday, January 10, after giving a corporate presentation at 10:30 a.m. Eastern time on Tuesday, January 9.

#1 Small-Cap Uranium Stock for Ultra-Fast Gains in 2024

We've uncovered THE ONE small-cap uranium stock that has unearthed a near-surface, high-grade uranium discovery in the Saudi Arabia of Uranium — Canada's prolific Athabasca Basin. Best of all, this small-cap uranium stock is currently flying just below Wall Street's radar… giving you the early-entry opportunity around US$0.30 per share. But that won't last long. Drills are turning right now with results set to be released to the market very, very soon.

Learn all about it in this brand new FREE online report.
Sponsored

A network of investors recognized for producing alpha recommends presenting firms at virtual investor conferences hosted by iAccess Alpha. The two-day conference format consists of webcast presentations from the firm on day one and one-on-one sessions with the management teams of the company on day two.

As a recent addition to its Infinity product range, ELVA also announced the first shipment of its Infinity-HV battery systems. A major aerospace client received the first Infinity-HV battery product, and ELVA plans to dispatch more pre-production units to other seed customers.

The Infinity-HV batteries are the best energy storage technology for demanding applications because they have exceptional performance qualities, particularly in terms of safety and cycle life. Heavy-duty, high-voltage applications such as buses, delivery trucks, construction vehicles, hybrid fuel cell/battery systems, and stationary energy storage systems are the focus of the Infinity-HV systems.

For these applications, Electrovaya’s Infinity-HV systems provide industry-leading lifespan and safety, which eventually results in lower liability costs, improved warranty coverage, and a lower total cost of ownership. For a new class of vehicle, the first shipment was made to a multinational aerospace business.

Additionally, Electrovaya plans to send more pre-production systems for electrified airport diesel generator replacement devices early in the upcoming year. Electrovaya is striving to obtain long-term contracts and is still seeing a lot of interest in the electric bus industry as well as other applications.

Most Popular

Related posts