Electrovaya Sees FY24 Revenue $45M Vs $65.8M Est.
Portfolio Pulse from Benzinga Newsdesk
Electrovaya has announced its FY24 revenue forecast of $45 million, which is significantly lower than the estimated $65.8 million.
August 13, 2024 | 8:51 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Electrovaya's FY24 revenue forecast of $45 million is significantly below the estimated $65.8 million, which could negatively impact investor sentiment and the stock price in the short term.
The revenue forecast being significantly lower than the estimate suggests potential challenges in the company's operations or market conditions, which could lead to a negative reaction from investors and a drop in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100