Electrovaya (ELVA) vs NeoVolta (NEOV)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Electrovaya (ELVA) has outperformed NeoVolta (NEOV) over the past year, losing 11.6% versus a loss of 55.9%. Over five years, ELVA leads with a +6.2% price change compared with -62.5% for NEOV. Electrovaya is the larger company by market cap ($284.7 million vs $154.0 million), about 1.8 times the size.
On valuation, NeoVolta trades at a lower forward P/E (4.1x vs 21.0x 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 | NEOV |
|---|---|---|
| Share price | $5.75 | $2.61 |
| Market cap | $284.67M | $154.02M |
| 1-day change | -0.69% | +0.38% |
| YTD return | -26.71% | -14.47% |
| 1-year return | -11.60% | -55.86% |
| 5-year return | +6.24% | -62.54% |
| P/E ratio (TTM) | 57.50 | — |
| Forward P/E | 20.99 | 4.11 |
| EPS (TTM) | $0.10 | $-0.55 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| 52-week high | $12.78 | $7.13 |
| 52-week low | $4.10 | $1.36 |
| Distance from 52-week high | -55.01% | -63.39% |
| Analyst consensus | strong_buy | buy |
| Avg. price target upside | +153.91% | +273.56% |
| Average volume | 1.03M | 1.59M |
| Shares outstanding | 49.51M | 59.01M |
| Sector | Miscellaneous | Miscellaneous |
| 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 NEOV by 44.3 percentage points over the past year.
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 NeoVolta
NEOV stock →NeoVolta Inc. engages in the design, manufacture, and sale of energy storage systems in the United States.
Miscellaneous · Industrial Machinery/Components
ELVA vs NEOV FAQ
Which is bigger, Electrovaya or NeoVolta?
Electrovaya (ELVA) is larger, with a market capitalization of $284.67M compared with $154.02M for NeoVolta (NEOV).
Which stock has performed better over the past year, ELVA or NEOV?
ELVA returned -11.60% over the past 12 months, compared with -55.86% for NEOV (price return, excluding dividends). Past performance does not predict future results.
Are Electrovaya and NeoVolta in the same industry?
Yes. Both are classified in the Industrial Machinery/Components industry within the Miscellaneous sector.