NeoVolta Stock Sees Q2 Earnings Estimate Increased at Sidoti

NeoVolta, Inc. (NASDAQ:NEOV) – Sidoti upped their Q2 2028 EPS estimates for shares of NeoVolta in a research note issued to investors on Thursday, September 24th. Sidoti analyst S. Ferazani now expects that the company will post earnings per share of $0.04 for the quarter, up from their previous estimate of $0.03. The consensus estimate for NeoVolta’s current full-year earnings is ($0.37) per share. Sidoti also issued estimates for NeoVolta’s FY2028 earnings at $0.16 EPS.

Several other analysts have also weighed in on NEOV. Needham & Company LLC reaffirmed a “buy” rating and issued a $8.00 price objective on shares of NeoVolta in a research note on Thursday. Lake Street Capital started coverage on shares of NeoVolta in a report on Friday, June 26th. They issued a “buy” rating and a $11.00 target price for the company. Northland Securities started coverage on shares of NeoVolta in a research note on Wednesday, July 29th. They issued an “outperform” rating on the stock. UBS Group reaffirmed a “buy” rating on shares of NeoVolta in a report on Tuesday, September 1st. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of NeoVolta in a research report on Tuesday. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $9.50.

NeoVolta Stock Performance

Shares of NEOV stock opened at $2.39 on Friday. NeoVolta has a fifty-two week low of $1.36 and a fifty-two week high of $7.13. The stock’s fifty day moving average price is $3.11 and its two-hundred day moving average price is $2.88. The company has a market cap of $135.30 million, a PE ratio of -4.60 and a beta of -0.87.

NeoVolta (NASDAQ:NEOV) last announced its quarterly earnings data on Wednesday, September 23rd. The company reported ($0.24) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $0.01 million for the quarter, compared to analyst estimates of $1.27 million.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE grew 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 worth $118,000 after buying an additional 38,158 shares during the period. BIP Wealth LLC bought a new stake in shares of NeoVolta during the second quarter worth about $675,000. BlackRock Inc. bought a new stake in NeoVolta during the 2nd quarter worth approximately $1,633,000. Alyeska Investment Group L.P. purchased a new stake in NeoVolta in the 2nd quarter valued at $4,882,000. Finally, AWM Investment Company Inc. purchased a new stake in shares of NeoVolta in the second quarter valued at about $5,184,000. 5.11% of the stock is owned by institutional investors and hedge funds.

NeoVolta News Roundup

Here are the key news stories impacting NeoVolta this week:

• Positive Sentiment: Needham & Company reaffirmed its “buy” rating and $8.00 price target, implying substantial upside from recent trading levels. Needham analyst rating reference
• Positive Sentiment: NeoVolta reported fiscal 2026 revenue growth of 58% to $13.3 million, said its U.S. battery-storage manufacturing facility is progressing toward production ramp-up, and highlighted an SK On collaboration intended to expand domestic cell capacity from 2027 through 2031. NeoVolta fiscal 2026 results
• Positive Sentiment: Sidoti modestly raised its Q2 and full-year fiscal 2028 EPS estimates to $0.04 and $0.16, respectively, suggesting analysts still expect profitability as capacity expands.
• Neutral Sentiment: Northland Securities maintained an “outperform” view but reduced its fiscal 2031 EPS forecast to $2.03 from $2.17, indicating a positive long-term stance tempered by lower expectations.
• Negative Sentiment: NeoVolta’s fiscal fourth-quarter loss widened to $0.24 per share, versus the $0.09 consensus loss and a $0.05 loss a year earlier. Quarterly revenue was approximately $10,000, far below the $1.27 million analyst estimate. NeoVolta earnings miss
• Negative Sentiment: Analysts cited inconsistent revenue, widening losses, execution delays, ongoing share dilution to fund operations, and potentially aggressive growth assumptions. These concerns overshadow the company’s strategic partnerships and attractive industry opportunity. NeoVolta investment analysis

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.