Electrovaya price target lowered to $10 from $14 at Craig-Hallum

Craig-Hallum analyst Eric Stine lowered the firm’s price target on Electrovaya to $10 from $14 and keeps a Buy rating on the shares. While investors had to wait a bit longer than hoped, the firm thinks it was worth it as Q4 results capped off a strong full year for Electrovaya. Importantly, this positive momentum is set to continue, Craig-Hallum adds.