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

NeoVolta (NASDAQ:NEOV)‘s stock had its “buy” rating restated by stock analysts at Needham & Company LLC in a report issued on Thursday, Benzinga reports. They presently have a $8.00 price objective on the stock. Needham & Company LLC’s target price would indicate a potential upside of 248.58% from the stock’s current price.

A number of other analysts have also recently commented on the stock. UBS Group reiterated a “buy” rating on shares of NeoVolta in a research note on Tuesday, September 1st. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of NeoVolta in a research report on Friday, June 26th. Northland Securities began coverage on shares of NeoVolta in a research report on Wednesday, July 29th. They set an “outperform” rating on the stock. Finally, Lake Street Capital assumed coverage on shares of NeoVolta in a research note on Friday, June 26th. They set a “buy” rating and a $11.00 price objective on the stock. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $9.50.

NeoVolta Trading Down 27.6%

Shares of NEOV traded down $0.88 on Thursday, reaching $2.30. 2,594,725 shares of the company’s stock were exchanged, compared to its average volume of 1,550,436. The stock has a market capitalization of $129.91 million, a P/E ratio of -6.98 and a beta of -0.87. The business has a 50 day moving average price of $3.11 and a two-hundred day moving average price of $2.89. NeoVolta has a 12 month low of $1.36 and a 12 month high of $7.13.

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

Hedge Funds Weigh In On NeoVolta

A number of hedge funds have recently bought and sold shares of NEOV. Bank of America Corp DE increased its position in shares of NeoVolta by 131,579.3% during the 1st quarter. Bank of America Corp DE now owns 38,187 shares of the company’s stock valued at $118,000 after purchasing an additional 38,158 shares during the last quarter. BIP Wealth LLC purchased a new stake in shares of NeoVolta in the 2nd quarter worth $675,000. BlackRock Inc. bought a new stake in NeoVolta during the second quarter valued at about $1,633,000. Alyeska Investment Group L.P. bought a new stake in NeoVolta during the second quarter valued at about $4,882,000. Finally, AWM Investment Company Inc. bought a new stake in NeoVolta during the second quarter valued at about $5,184,000. 5.11% of the stock is owned by hedge funds and other institutional investors.

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

About NeoVolta

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.