Sidoti Has Pessimistic Outlook of NeoVolta Q2 Earnings

NeoVolta, Inc. (NASDAQ:NEOV) – Equities research analysts at Sidoti reduced their Q2 2027 earnings per share estimates for shares of NeoVolta in a research report issued on Monday, July 27th. Sidoti analyst S. Ferazani now anticipates that the company will post earnings per share of ($0.14) for the quarter, down from their prior estimate of ($0.12). The consensus estimate for NeoVolta’s current full-year earnings is ($0.37) per share. Sidoti also issued estimates for NeoVolta’s Q3 2027 earnings at ($0.06) EPS, Q4 2027 earnings at ($0.01) EPS, Q1 2028 earnings at $0.02 EPS and FY2028 earnings at $0.15 EPS.

Several other brokerages have also recently weighed in on NEOV. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of NeoVolta in a research note on Friday, June 26th. Lake Street Capital initiated coverage on shares of NeoVolta in a research report on Friday, June 26th. They issued a “buy” rating and a $11.00 price target on the stock. Zacks Research raised shares of NeoVolta to a “hold” rating in a report on Tuesday, April 21st. Finally, Needham & Company LLC restated a “buy” rating and set a $8.00 price objective on shares of NeoVolta in a research report on Thursday, July 2nd. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, NeoVolta has a consensus rating of “Hold” and an average price target of $9.50.

NeoVolta Stock Down 7.8%

Shares of NeoVolta stock opened at $2.01 on Wednesday. The firm has a market cap of $85.85 million, a price-to-earnings ratio of -6.09 and a beta of -1.09. The business has a fifty day simple moving average of $2.28 and a 200-day simple moving average of $3.10. NeoVolta has a fifty-two week low of $1.36 and a fifty-two week high of $7.13.

NeoVolta (NASDAQ:NEOV) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.07. NeoVolta had a negative return on equity of 141.89% and a negative net margin of 63.35%.The company had revenue of $2.02 million for the quarter, compared to analysts’ expectations of $3.41 million.

Hedge Funds Weigh In On NeoVolta

Hedge funds have recently modified their holdings of the stock. Sovran Advisors LLC raised its position in shares of NeoVolta by 97.1% during the fourth quarter. Sovran Advisors LLC now owns 457,687 shares of the company’s stock worth $1,391,000 after purchasing an additional 225,516 shares during the period. 683 Capital Management LLC purchased a new stake in shares of NeoVolta during the fourth quarter valued at $589,000. Legacy Wealth Managment LLC ID lifted its holdings in shares of NeoVolta by 3.1% during the fourth 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. OMERS ADMINISTRATION Corp acquired a new position in shares of NeoVolta in the 4th quarter valued at $230,000. Finally, Vanguard Group Inc. boosted its position in shares of NeoVolta by 11.5% in the 3rd quarter. Vanguard Group Inc. now owns 458,988 shares of the company’s stock valued at $2,047,000 after purchasing an additional 47,521 shares during the period. 5.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Steve Bond purchased 47,000 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were bought at an average price of $2.09 per share, with a total value of $98,230.00. Following the completion of the acquisition, the executive vice president owned 797,000 shares of the company’s stock, valued at approximately $1,665,730. This represents a 6.27% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 4.00% 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.