Sidoti Analysts Increase Earnings Estimates for NeoVolta

NeoVolta, Inc. (NASDAQ:NEOV) – Analysts at Sidoti boosted their Q2 2028 earnings per share (EPS) estimates for shares of NeoVolta in a research note issued to investors on Monday, May 18th. Sidoti analyst S. Ferazani now forecasts that the company will post earnings per share of $0.04 for the quarter, up from their previous forecast of $0.03. The consensus estimate for NeoVolta’s current full-year earnings is ($0.53) per share. Sidoti also issued estimates for NeoVolta’s Q3 2028 earnings at $0.06 EPS and FY2028 earnings at $0.18 EPS.

NeoVolta (NASDAQ:NEOV) last posted its earnings results on Thursday, May 14th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.07. The business had revenue of $2.02 million during the quarter, compared to the consensus estimate of $3.41 million. NeoVolta had a negative return on equity of 341.39% and a negative net margin of 63.35%.

Several other equities analysts also recently commented on NEOV. Wall Street Zen downgraded NeoVolta from a “hold” rating to a “strong sell” rating in a research report on Saturday, February 21st. Zacks Research upgraded NeoVolta to a “hold” rating in a research report on Tuesday, April 21st. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of NeoVolta in a research report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce”.

NeoVolta Price Performance

NeoVolta stock opened at $1.60 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.10 and a quick ratio of 1.60. The company has a market capitalization of $68.34 million, a PE ratio of -4.85 and a beta of -0.81. NeoVolta has a one year low of $1.36 and a one year high of $7.13. The business has a 50 day simple moving average of $3.17 and a 200 day simple moving average of $3.67.

Hedge Funds Weigh In On NeoVolta

Institutional investors have recently bought and sold shares of the business. Sovran Advisors LLC raised its position in NeoVolta by 97.1% in the 4th quarter. Sovran Advisors LLC now owns 457,687 shares of the company’s stock valued at $1,391,000 after purchasing an additional 225,516 shares during the last quarter. Legacy Wealth Managment LLC ID raised its position in NeoVolta by 3.1% in the 4th quarter. Legacy Wealth Managment LLC ID now owns 5,669,083 shares of the company’s stock valued at $17,234,000 after purchasing an additional 169,822 shares during the last quarter. Truist Financial Corp bought a new position in NeoVolta in the 4th quarter valued at $129,000. Virtu Financial LLC bought a new position in NeoVolta in the 4th quarter valued at $49,000. Finally, OMERS ADMINISTRATION Corp bought a new position in NeoVolta in the 4th quarter valued at $230,000. Institutional investors own 5.11% of the company’s stock.

About NeoVolta

NeoVolta, Inc is a clean-energy technology company that designs, manufactures and markets integrated battery storage systems for residential and light-commercial applications. Headquartered in San Jose, California, the company develops hardware and software solutions aimed at enhancing the value of rooftop solar installations, providing backup power and enabling homeowners to optimize time-of-use rate plans. NeoVolta’s modular approach to energy storage allows customers to scale capacity to match their changing needs.

The company’s flagship product family combines lithium-ion battery modules, a hybrid inverter and an energy management platform under a single enclosure.