Raymond James reaffirms a "Strong Buy" rating for Electrovaya Inc. (NASDAQ:ELVA), raising the price target from $6 to$9.50.The company reports a 43% increase in top-line growth for fiscal year 2025, marking its first annual profitability.Electrovaya's backlog, valued between $100 million and$125 million, is expected to fuel further growth.Electrovaya Inc. (NASDAQ:ELVA) specializes in developing and manufacturing lithium-ion batteries for various sectors, including industrial robotics and defense. The comp ...