FINWIRES · TerminalLIVE
FINWIRES

Electrovaya Launches Lithium-Ion Battery Systems For Walkie Pallet Jacks

-- Electrovaya (ELVA.TO) said Monday that it has launched its Infinity lithium-ion battery systems for application in walkie pallet jacks.

Walkie pallet jacks are common in distribution centers, warehouses, manufacturing plants, and retail stores.

The battery line, which features two capacities, includes an onboard charger. The combination of multiple battery sizes and charger options allows for precise configuration to match specific application needs, the company said.

"With this product line launch, our material handling equipment battery portfolio is further enhanced, positioning us to offer a complete and unified solution to our customers," said Jeremy Dang, head of business development at Electrovaya.

Electrovaya shares closed up $0.09, to $11.46 on Friday on Toronto Stock Exchange.

Related Articles

Australia

Jefferies Raises Quest Diagnostics Price Target to $225 From $220

Quest Diagnostics (DGX) has an average rating of overweight and mean price target of $219, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $204.33, Change: $+8.02, Percent Change: +4.09%

$DGX
Australia

Truist Securities Cuts Tractor Supply Price Target to $44 From $55, Hold Rating Kept

Tractor Supply (TSCO) has an average rating of overweight and mean price target of $56.19, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $39.92, Change: $-4.90, Percent Change: -10.92%

$TSCO
Sectors

Sector Update: Energy

Energy stocks were higher Tuesday afternoon, with the NYSE Energy Sector Index rising 1.1% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.2%.The Philadelphia Oil Service Sector Index was climbing 1.8%, while the Dow Jones US Utilities Index fell 1.3%.Front-month West Texas Intermediate crude oil was rising 4.8% to $93.94 a barrel, and the global benchmark Brent crude contract was advancing 4.4% to $99.68 a barrel. Henry Hub natural gas futures increased 0.3% to $2.70 per 1 million BTU.In corporate news, Halliburton (HAL) shares gained 4.1% after it reported lower Q1 adjusted net income and revenue that still topped analysts' expectations.

$HAL