MarketBeat Analyst action
Electrovaya (NASDAQ:ELVA) Downgraded to Sell Rating by Wall Street Zen
Wall Street Zen downgraded Electrovaya (NASDAQ:ELVA) from "hold" to "sell" after the company missed its latest earnings and revenue expectations. Despite this downgrade, other analysts largely maintain a "Moderate Buy" consensus rating with an average price target of $17.50. The stock has a market cap of $393.58 million, and institutional investors own 22.47% of its shares.