Electrovaya (ELVA) vs Energy Recovery (ERII)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Electrovaya (ELVA) has outperformed Energy Recovery (ERII) over the past year, losing 11.6% versus a loss of 55.7%. Over five years, ELVA leads with a +6.2% price change compared with -65.7% for ERII. Energy Recovery is the larger company by market cap ($349.1 million vs $286.6 million), about 1.2 times the size.
On valuation, Energy Recovery trades at a lower forward P/E (20.4x vs 21.1x for Electrovaya).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | ELVA | ERII |
|---|---|---|
| Share price | $5.79 | $6.84 |
| Market cap | $286.65M | $349.15M |
| 1-day change | -9.11% | +1.63% |
| YTD return | -26.71% | -49.30% |
| 1-year return | -11.60% | -55.70% |
| 5-year return | +6.24% | -65.70% |
| P/E ratio (TTM) | 57.90 | 26.31 |
| Forward P/E | 21.13 | 20.42 |
| EPS (TTM) | $0.10 | $0.26 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| 52-week high | $12.78 | $18.32 |
| 52-week low | $4.10 | $6.60 |
| Distance from 52-week high | -54.69% | -62.66% |
| Analyst consensus | strong_buy | none |
| Avg. price target upside | +152.16% | +16.96% |
| Average volume | 1.03M | 943.83K |
| Shares outstanding | 49.51M | 51.04M |
| Employees | — | 230 |
| Sector | Miscellaneous | Technology |
| Industry | Industrial Machinery/Components | Industrial Machinery/Components |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- ELVA has outperformed ERII by 44.1 percentage points over the past year.
- Electrovaya trades at a higher earnings multiple (57.9x vs 26.3x trailing P/E).
- The two companies sit in different sectors: Electrovaya in Miscellaneous and Energy Recovery in Technology.
About Electrovaya
ELVA stock →Electrovaya Inc. engages in the design, development, manufacture, and sale of lithium-ion batteries, battery management systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications in North America.
Miscellaneous · Industrial Machinery/Components
About Energy Recovery
ERII stock →Energy Recovery, Inc., together with its subsidiaries, designs, manufactures, and sells energy efficiency technology solutions in the United States, North, South and Latin America, the Middle East, Northern Africa, Asia, and Europe. It operates through Water and Emerging Technologies segments.
Technology · Industrial Machinery/Components · 230 employees
ELVA vs ERII FAQ
Which is bigger, Electrovaya or Energy Recovery?
Energy Recovery (ERII) is larger, with a market capitalization of $349.15M compared with $286.65M for Electrovaya (ELVA).
Which stock has performed better over the past year, ELVA or ERII?
ELVA returned -11.60% over the past 12 months, compared with -55.70% for ERII (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, ELVA or ERII?
ERII has the lower trailing P/E at 26.3, versus 57.9 for ELVA. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Are Electrovaya and Energy Recovery in the same industry?
Yes. Both are classified in the Industrial Machinery/Components industry within the Miscellaneous sector.