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Model output · Signal date 2026-10-16

Evolution Metals & Technologies Corp. (EMAT) Stock Forecast Oct. 16, 2026

Analysis updated on Oct. 16, 2026 (UTC) · Alpha · vs marketSwitch to Total · Nasdaq

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Rating · 90D ▼ Bearish Exact rating locked
90-day forecast Sign up free to reveal
30-day forecast Alpha
Rank in coverage Bottom 35% of 5172 stocks scored
Rank correlation · 90D -61.0% Spearman, 141 dates
Market Cap $958M small-cap · #9 of 43 peers
Summary

Evolution Metals & Technologies Corp. (EMAT) stock forecast summary

Our AI ranks Evolution Metals & Technologies Corp. outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.

Evolution Metals & Technologies Corp. is a small-cap company with a market capitalization of $958M. It ranks number 9 by market capitalization among the 43 Miscellaneous Electrical Machinery, Equipment & Supplies issuers in our coverage with a current forecast.

For EMAT, the Spearman rank correlation between our 90-day forecasts and the returns that followed is -61.0%, measured on 141 forecast dates between 2026-01-02 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 0.0%, measured on 184 forecast dates between 2026-01-02 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report

Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +1.8%, buy ≥ +0.2%, sell < -0.9%, strong sell < -1.2% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-16 signals)

A free account shows the exact forecast, rating and rank of 3 tickers you follow, EMAT included.

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Price

EMAT price chart and AI forecast

EMAT
Cross-section · 2026-10-16

How EMAT ranks among 5172 stocks

90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).

Fundamentals · 2026-09-30

Evolution Metals & Technologies Corp. (EMAT) fundamentals

Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Miscellaneous Electrical Machinery, Equipment & Supplies peers listed below that report each metric.

Valuation & Market

MetricEMATIndustry medianRank
Market Cap $958M $110M 9/43

Profitability & Margins

MetricEMATIndustry medianRank
ROA -926.9% -30.1% 25/26
Tax Rate -0.0% – –

Financial Health

MetricEMATIndustry medianRank
Interest Coverage -20.4x -9.6x 22/32

Cash Flow

MetricEMATIndustry medianRank
Operating Cash Flow -$6M -$7M 20/40

Income Statement

MetricEMATIndustry medianRank
Operating Income -$17M -$14M 20/37
Net Income -$881M -$30M 26/26

Dividend & Shareholder Information

MetricEMATIndustry medianRank
Shares Outstanding 622M – –

Balance Sheet Highlights (USD millions)

Total Liabilities$114M
Quarterly Financial Reports

EMAT quarterly financials and insider trading

Industry Peers · Miscellaneous Electrical Machinery, Equipment & Supplies

Evolution Metals & Technologies Corp. (EMAT) industry peers

Companies classified under the same SEC industry code as Evolution Metals & Technologies Corp. (Miscellaneous Electrical Machinery, Equipment & Supplies): 44 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.

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Company 90-Day AI Forecast (Alpha) Market Cap P/E Ratio P/B Ratio
EMAT Evolution Metals & Technologies Corp. ▼ $958M – –
CAE Cae Inc ▼ $7.75B – –
ENS Enersys ▼ $6.08B 18.1x 3.1x
NOVT Novanta Inc ▼ $4.87B 78.1x 3.0x
ATKR Atkore Inc. ▼ $3.21B – 2.5x
QS Quantumscape Corp ▲ $2.48B – 2.4x
SPB Spectrum Brands Holdings, Inc. ▶ $1.85B 19.5x 1.1x
ENR Energizer Holdings, Inc. ▼ $1.49B 12.3x 7.3x
AMPX Amprius Technologies, Inc. ▶ $1.13B – 9.0x
FLNC Fluence Energy, Inc. ▶ $830M – 2.2x
ADSE Ads-Tec Energy Public Ltd Co ▲ $745M – –
EOSE Eos Energy Enterprises, Inc. ▶ $663M – –
ENVX Enovix Corp ▲ $546M – 2.6x
NRGV Energy Vault Holdings, Inc. ▲ $516M – 75.0x
FAC Factorial Energy Inc. ▼ $509M – 6.0x
SLDP Solid Power, Inc. ▲ $459M – 0.9x
ELVA Electrovaya Inc. ▼ $256M – –
SES Ses Ai Corp ▲ $239M – 1.3x
MVST Microvast Holdings, Inc. ▶ $199M 2.5x 0.4x
CHPT Chargepoint Holdings, Inc. ▲ $186M – –
NEOV Neovolta Inc. ▲ $129M – 3.3x
BYRN Byrna Technologies Inc. ▶ $110M 26.9x 2.0x
ULBI Ultralife Corp ▲ $102M – 0.8x
WBX Wallbox N.V. ▶ $66M – –
BLNK Blink Charging Co. ▲ $61M – 1.3x
NVX Novonix Ltd ▶ $57M – –
LASE Laser Photonics Corp ▼ $44M – –
STI Solidion Technology Inc. ▼ $37M – 1.7x
PPSI Pioneer Power Solutions, Inc. ▶ $30M – 1.2x
AUSI Aura Systems Inc ▲ $30M 2.5x –
BEEM Beam Global ▶ $20M – 1.0x
AETN Aeternum Health, Inc. ▼ $12M 122.4x –
FLUX Flux Power Holdings, Inc. ▼ $9M – 3.5x
DFLI Dragonfly Energy Holdings Corp. ▲ $5M – –
GAUZ Gauzy Ltd. ▼ $4M – 0.2x
XPON Expion Energy, Inc. ▶ $4M – 0.8x
TOGI Turnongreen, Inc. ▲ $4M – –
GWH Ess Tech, Inc. ▼ $3M – –
POLA Polar Power, Inc. ▶ $3M – 3.8x
GWHT Ess Tech, Inc. ▼ $3M – –
CETI Cyber Enviro-Tech, Inc. ▼ $1M – –
NVVE Nuvve Holding Corp. ▼ $970K – –
ADNH Advent Technologies Holdings, Inc. ▼ $10K – –
OZSC Ozop Energy Solutions, Inc. ▼ N/A – –

Where EMAT sits on the market map

Manufacturing · Miscellaneous Electrical Machinery, Equipment & Supplies
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News

Evolution Metals & Technologies Corp. (EMAT) stock news

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FAQ

Evolution Metals & Technologies Corp. (EMAT) stock forecast FAQ

What is the Evolution Metals & Technologies Corp. (EMAT) stock forecast?

Our AI ranks Evolution Metals & Technologies Corp. outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.

How accurate are Evolution Metals & Technologies Corp. stock predictions?

For EMAT, the Spearman rank correlation between our 90-day forecasts and the returns that followed is -61.0%, measured on 141 forecast dates between 2026-01-02 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 0.0%, measured on 184 forecast dates between 2026-01-02 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report

How often are Evolution Metals & Technologies Corp. forecasts updated?

Evolution Metals & Technologies Corp. forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 16, 2026.

Which companies are Evolution Metals & Technologies Corp.'s industry peers?

44 issuers in our coverage, EMAT included, share the SEC industry code Miscellaneous Electrical Machinery, Equipment & Supplies. The largest are: Cae Inc (CAE), Enersys (ENS), Novanta Inc (NOVT), Atkore Inc. (ATKR), Quantumscape Corp (QS), Spectrum Brands Holdings, Inc. (SPB).

This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.