Well as they will need to raise cash again, before to be at 8$ they will have at least 100M shares, so 800M$ value.

Saft who is a leading specialty/industrial batteries manufacturer is valorized equivalent of 1132MCAD as of today with sales of 962MCAD and net profit of 68MCAD, and they have win numerous storage contract includes last two one in Japan and Canada ...

Who could electrovaya valued at 800M$ ????????????????????????????????????????

http://www.saftbatteries.com/press/press-releases/saft-lithium-ion-battery-energy-storage-system-harnesses-solar-deliver-reliable

http://www.saftbatteries.com/press/press-releases/saftintensiummax20ioenergystoragesystem

• Sales of €678.4 million, strong growth of 8.7%, in line with Saft’s medium term ambitions.
• Improved profitability with an EBITDA margin of 15.3% compared to 14.8% in 2013 and EBITDA of €104.0 million.
• Net profit of €48.1 million, up 31.8%.
• Strong free cash flow of €46.2 million in 2014.
• Proposed dividend of €0.82 per share, an increase of 5.1%.