Electrovaya has been doing well. From 2017 to 2020 sales went from $2.28 million to $14.53 million and with that increase a nice run in the stock price plus some validation that the company had risen from the ashes of the European debacle.
Now, who knows what this year will bring. They have announced $40 million of sales thus far. Let's imagine they can deliver $30-35 million. That's a huge jump from 2017, not a bad increase from 2020, and more than their original forecast of $26 million for the year.
These numbers are also now at a production scale that should result in some profits. Plus there is the potential of their solid-state technology coming to fruition in the next couple of years. One would hope that all of this might be worth an increase in share price.
I don't think Electrovaya will get the kind of share price skyrockets that QS and SLDP have received (and subsequently fallen from). But it would be nice to get a bump that reflects the new, less-on-the-verge-of-collapse value of the company.
