$ELVA

2 stories mentioning ELVAUpdated 60d ago

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Electrovaya (ELVA) said Wednesday it is partnering with Amazon (AMZN) to deploy its infinity battery technology in Amazon's material handling operations.Shares surged 51% as intraday trading volume catapulted to over 26 million from a daily average of about 413,000.Aehr Test Systems (AEHR) reported late Tuesday it swung to fiscal Q4 earnings from a loss a year earlier, while revenue also increased.Shares soared 27% amid a jump in intraday trading volume to over 10.5 million from a daily average of roughly 2.5 million.Payments firm Stripe and Advent International have offered to acquire PayPal (PYPL) for $60.50 per share in a deal that would value the company at more than $53 billion, Reuters reported, citing two unnamed people familiar with the matter.Shares of PayPal jumped 16% as intraday trading volume soared to over 66.0 million from a daily average of about 15.3 million.Price: $11.75, Change: $+3.86, Percent Change: +48.94%

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Mining & Metals122d ago

Electrovaya Down 7.7% After Hours as it Posts Higher Profit and Revenue for Fiscal Second Quarter

Electrovaya (ELVA.TO, ELVA) was last seen down 7.7% in after-hours Nasdaq trade after the company on Thursday said its fiscal second-quarter profit and revenue rose year-over-year.The battery company earned US$1.02 million, or US$0.02 per share, in the period, up from US$828,000, or US$0.02, a year ago. FactSet expected US$0.01 per share.Revenue rose to US$18.05 million from US$15.02 million a year prior. FactSet projected US$17.7 million.The company said it expects continued growth into fiscal 2026 with revenue projected to grow 30% year-over-year, mainly due to rising demand from its largest end users of material handling batteries."Revenue guidance is subject to change and is made barring any unforeseen circumstances, including evolving geopolitical and economic conditions that have recently emerged and may impact supply chains, customer demand, and the timing of revenue realization," it added.The company's shares were last seen down US$0.87 to US$10.30 after hours. They closed up C$0.86 to C$15.33 on the Toronto Stock Exchange.

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