Sidoti Analysts Increase Earnings Estimates for NeoVolta

NeoVolta, Inc. (NASDAQ:NEOV) – Equities research analysts at Sidoti lifted their Q2 2028 earnings per share estimates for shares of NeoVolta in a research report issued on Monday, May 18th. Sidoti analyst S. Ferazani now anticipates that the company will post earnings per share of $0.04 for the quarter, up from their prior 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.

A number of other analysts have also issued reports on the company. Zacks Research raised NeoVolta to a “hold” rating in a report on Tuesday, April 21st. Wall Street Zen lowered NeoVolta from a “hold” rating to a “strong sell” rating in a report on Saturday, February 21st. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of NeoVolta in a report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce”.

NeoVolta Stock Performance

NEOV opened at $1.60 on Tuesday. The firm has a market capitalization of $68.34 million, a P/E ratio of -4.85 and a beta of -0.81. The stock’s 50 day moving average price is $3.17 and its two-hundred day moving average price is $3.67. The company has a quick ratio of 1.60, a current ratio of 2.10 and a debt-to-equity ratio of 0.13. NeoVolta has a 12-month low of $1.36 and a 12-month high of $7.13.

NeoVolta (NASDAQ:NEOV) last released its earnings results on Thursday, May 14th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.07. The firm had revenue of $2.02 million for the quarter, compared to analyst estimates of $3.41 million. NeoVolta had a negative return on equity of 341.39% and a negative net margin of 63.35%.

Institutional Trading of NeoVolta

Several institutional investors have recently modified their holdings of the company. Geode Capital Management LLC grew its holdings in shares of NeoVolta by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 329,747 shares of the company’s stock worth $1,003,000 after purchasing an additional 9,385 shares in the last quarter. State Street Corp grew its holdings in shares of NeoVolta by 8.5% during the 4th quarter. State Street Corp now owns 135,964 shares of the company’s stock worth $413,000 after purchasing an additional 10,700 shares in the last quarter. Qube Research & Technologies Ltd acquired a new stake in shares of NeoVolta during the 3rd quarter worth approximately $48,000. Millennium Management LLC acquired a new stake in shares of NeoVolta during the 3rd quarter worth approximately $53,000. Finally, Bank of America Corp DE grew its holdings in shares of NeoVolta by 4,929.4% during 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. Institutional investors and hedge funds 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.