NeoVolta’s (NEOV) “Buy” Rating Reiterated at Needham & Company LLC

NeoVolta (NASDAQ:NEOV)‘s stock had its “buy” rating reiterated by equities research analysts at Needham & Company LLC in a note issued to investors on Thursday, Benzinga reports. They currently have a $8.00 price target on the stock. Needham & Company LLC’s price objective would suggest a potential upside of 239.70% from the stock’s previous close.

NEOV has been the subject of a number of other reports. UBS Group restated a “buy” rating on shares of NeoVolta in a research report on Tuesday, September 1st. Lake Street Capital assumed coverage on NeoVolta in a research report on Friday, June 26th. They issued a “buy” rating and a $11.00 price target for the company. Northland Securities assumed coverage on NeoVolta in a research report on Wednesday, July 29th. They issued an “outperform” rating for the company. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of NeoVolta in a research report on Friday, June 26th. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $9.50.

NeoVolta Trading Down 25.7%

Shares of NEOV stock traded down $0.82 on Thursday, reaching $2.36. The company’s stock had a trading volume of 1,736,598 shares, compared to its average volume of 1,546,514. The stock’s fifty day simple moving average is $3.11 and its 200-day simple moving average is $2.89. NeoVolta has a 1 year low of $1.36 and a 1 year high of $7.13. The company has a market capitalization of $133.32 million, a price-to-earnings ratio of -7.20 and a beta of -0.87.

NeoVolta (NASDAQ:NEOV) last posted its earnings results on Wednesday, September 23rd. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.15). NeoVolta had a negative net margin of 63.35% and a negative return on equity of 141.89%. The business had revenue of $0.01 million during the quarter, compared to analysts’ expectations of $1.27 million. Equities research analysts forecast that NeoVolta will post -0.38 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE grew its stake in NeoVolta by 131,579.3% in the first quarter. Bank of America Corp DE now owns 38,187 shares of the company’s stock worth $118,000 after purchasing an additional 38,158 shares in the last quarter. BIP Wealth LLC bought a new stake in shares of NeoVolta in the second quarter valued at about $675,000. BlackRock Inc. bought a new stake in shares of NeoVolta in the second quarter valued at about $1,633,000. Alyeska Investment Group L.P. bought a new stake in shares of NeoVolta in the second quarter valued at about $4,882,000. Finally, AWM Investment Company Inc. bought a new stake in shares of NeoVolta in the second quarter valued at about $5,184,000. Institutional investors own 5.11% of the company’s stock.

More NeoVolta News

Here are the key news stories impacting NeoVolta this week:

• Positive Sentiment: Needham reiterates Buy rating: Needham & Company reaffirmed its “Buy” rating and assigned an $8.00 price target, implying substantial upside from recent trading levels. Benzinga analyst rating report
• Positive Sentiment: Full-year revenue growth and capacity expansion: NeoVolta reported fiscal 2026 revenue of $13.3 million, up 58% year over year. Management also said its U.S. battery energy-storage-system manufacturing facility is progressing toward production ramp-up, while its collaboration with SK On is expected to support expanded access to U.S.-made battery cells from 2027 through 2031. NeoVolta fiscal 2026 financial results
• Neutral Sentiment: Investor focus remains on execution: The fiscal 2026 earnings call transcript may provide additional details on the production ramp, SK On relationship, and the company’s path toward improving operating results. NeoVolta Q4 2026 earnings call transcript
• Negative Sentiment: Fourth-quarter results significantly missed expectations: NeoVolta reported a loss of $0.24 per share, versus the expected $0.09 loss and a $0.05 loss a year earlier. Revenue was approximately $0.01 million, well below the $1.27 million consensus estimate. The weak results triggered after-hours selling and are the primary reason for the stock’s decline. Zacks NeoVolta earnings report

NeoVolta Company Profile

NeoVolta, Inc develops and supplies energy storage systems for residential solar installations. Its products are designed to store electricity generated by rooftop solar panels and provide backup power during outages or periods when solar production is limited.

The company’s product portfolio includes modular battery-based systems such as the NV14 and related energy storage solutions. These systems are intended to help homeowners increase the use of self-generated solar power, improve energy resilience and manage household electricity consumption.

NeoVolta was founded in 2018 and is headquartered in San Diego, California.