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Message: A Good Long Term Stock

Electrovaya (TSE:ELVA) shareholder returns have been fantastic, earning 323% in 5 years

We think all investors should try to buy and hold high quality multi-year winners. While not every stock performs well, when investors win, they can win big. For example, the Electrovaya Inc. (TSE:ELVA) share price is up a whopping 323% in the last half decade, a handsome return for long term holders. This just goes to show the value creation that some businesses can achieve. And in the last month, the share price has gained 15%.

After a strong gain in the past week, it's worth seeing if longer term returns have been driven by improving fundamentals.

https://simplywall.st/stocks/ca/capital-goods/tsx-elva/electrovaya-shares/news/electrovaya-tseelva-shareholder-returns-have-been-fantastic

 

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