Zacks Research Upgrades NeoVolta (NASDAQ:NEOV) to “Hold”

NeoVolta (NASDAQ:NEOV) was upgraded by research analysts at Zacks Research to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other equities research analysts also recently issued reports on NEOV. Wall Street Zen downgraded shares of NeoVolta from a “hold” rating to a “strong sell” rating in a research report on Saturday, February 21st. Weiss Ratings restated a “sell (e+)” rating on shares of NeoVolta in a research note on Thursday, January 22nd. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

NeoVolta Stock Performance

Shares of NEOV stock traded down $0.01 during mid-day trading on Tuesday, reaching $2.85. 133,019 shares of the company’s stock traded hands, compared to its average volume of 788,970. NeoVolta has a 12 month low of $2.18 and a 12 month high of $7.13. The firm has a 50 day moving average price of $3.42 and a two-hundred day moving average price of $3.92. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.60 and a current ratio of 2.10. The firm has a market capitalization of $121.72 million, a PE ratio of -9.83 and a beta of -0.66.

NeoVolta (NASDAQ:NEOV) last issued its quarterly earnings data on Friday, February 13th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.12). NeoVolta had a negative net margin of 54.71% and a negative return on equity of 284.92%. The business had revenue of $4.65 million for the quarter, compared to the consensus estimate of $4.40 million. On average, research analysts forecast that NeoVolta will post -0.53 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Qube Research & Technologies Ltd purchased a new position in shares of NeoVolta during the 3rd quarter valued at $48,000. Virtu Financial LLC purchased a new stake in NeoVolta in the 4th quarter worth $49,000. Millennium Management LLC purchased a new stake in NeoVolta in the 3rd quarter worth $53,000. Bank of America Corp DE lifted its stake in NeoVolta by 4,929.4% in the 3rd quarter. Bank of America Corp DE now owns 14,736 shares of the company’s stock worth $66,000 after purchasing an additional 14,443 shares in the last quarter. Finally, Truist Financial Corp purchased a new stake in NeoVolta in the 4th quarter worth $129,000. Hedge funds and other institutional investors own 5.11% of the company’s stock.

NeoVolta News Roundup

Here are the key news stories impacting NeoVolta this week:

• Positive Sentiment: Sidoti raised its Q3 2028 EPS forecast to $0.05 and boosted its FY2029 EPS view to $0.55 (from $0.47), signaling stronger long?term earnings expectations that can support higher shares as the market prices in future profitability. Sidoti ups Q3 2028 & FY2029 estimates
• Positive Sentiment: Zacks Research upgraded NeoVolta to a “Hold” rating, which can reduce selling pressure and attract buyers who follow Zacks’ signals. Zacks upgrade to Hold
• Neutral Sentiment: Sidoti published a detailed multi?year model update (Q3 2026–FY2029) with quarterly and annual forecasts showing losses through FY2027 but gradual improvement to modestly positive EPS in FY2028 and stronger profits in FY2029 — useful guidance for investors setting time horizons. Sidoti multi?year estimates
• Negative Sentiment: Near?term fundamentals remain weak: NeoVolta missed EPS expectations in its last quarter, posts negative margins and ROE, and the consensus for the current fiscal year remains a loss (around -$0.53 EPS). That raises execution and cash?flow risk even as analysts model a future recovery. Recent earnings & consensus

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.