NeoVolta (NASDAQ:NEOV) Earns “Buy” Rating from Needham & Company LLC

NeoVolta (NASDAQ:NEOV)‘s stock had its “buy” rating reissued by research analysts at Needham & Company LLC in a note issued to investors on Thursday, Benzinga reports. They presently have a $8.00 target price on the stock. Needham & Company LLC’s target price suggests a potential upside of 247.07% from the company’s previous close.

A number of other equities analysts have also weighed in on the stock. Northland Securities initiated coverage on shares of NeoVolta in a report on Wednesday, July 29th. They issued an “outperform” rating on the stock. UBS Group restated a “buy” rating on shares of NeoVolta in a report on Tuesday, September 1st. Lake Street Capital started coverage on NeoVolta in a report on Friday, June 26th. They set a “buy” rating and a $11.00 target price for the company. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of NeoVolta in a research report on Friday, June 26th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, NeoVolta has an average rating of “Hold” and a consensus target price of $9.50.

NeoVolta Stock Down 27.3%

Shares of NEOV stock traded down $0.87 during mid-day trading on Thursday, hitting $2.31. 3,140,003 shares of the company’s stock were exchanged, compared to its average volume of 1,554,308. The stock has a market cap of $130.48 million, a price-to-earnings ratio of -6.98 and a beta of -0.87. The stock has a 50-day simple moving average of $3.11 and a two-hundred day simple moving average of $2.89. NeoVolta has a fifty-two week low of $1.36 and a fifty-two week high of $7.13.

NeoVolta (NASDAQ:NEOV) last posted its quarterly earnings results on Wednesday, September 23rd. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.15). The business had revenue of $0.01 million during the quarter, compared to analysts’ expectations of $1.27 million. NeoVolta had a negative net margin of 63.35% and a negative return on equity of 141.89%. As a group, analysts anticipate that NeoVolta will post -0.38 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NeoVolta

A number of hedge funds have recently modified their holdings of the stock. Bank of America Corp DE lifted its position in 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 in the last quarter. BIP Wealth LLC bought a new stake in shares of NeoVolta during the 2nd quarter valued at $675,000. BlackRock Inc. bought a new stake in NeoVolta in the second quarter valued at about $1,633,000. Alyeska Investment Group L.P. acquired a new position in NeoVolta in the second quarter valued at about $4,882,000. Finally, AWM Investment Company Inc. bought a new position in shares of NeoVolta during the 2nd quarter valued at about $5,184,000. 5.11% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about NeoVolta

Here are the key news stories impacting NeoVolta this week:

• Positive Sentiment: Needham & Company reaffirmed its Buy rating and assigned an $8.00 price target, implying significant potential upside from recent trading levels. The target reflects optimism about NeoVolta’s longer-term energy-storage opportunity.
• Positive Sentiment: For fiscal 2026, revenue increased 58% year over year to $13.3 million. NeoVolta also said its U.S. battery-energy-storage manufacturing facility is progressing toward a production ramp-up, while its collaboration with SK On is expected to support expanded domestic cell capacity from 2027 through 2031. NeoVolta Reports Fourth Quarter and Fiscal Year 2026 Financial Results
• Neutral Sentiment: NeoVolta’s fiscal 2026 earnings conference call provided additional management commentary on the manufacturing ramp, capacity expansion and business outlook. NeoVolta Q4 2026 Earnings Call Transcript
• Negative Sentiment: Fiscal fourth-quarter results were far below expectations: NeoVolta reported a $0.24 per-share loss versus the $0.09 consensus loss, compared with a $0.05 loss a year earlier. Revenue was approximately $10,000, versus analyst expectations of $1.27 million. NeoVolta Reports Q4 Loss, Lags Revenue Estimates
• Negative Sentiment: The quarterly miss, sharply lower fourth-quarter sales and continued losses—including a negative net margin—triggered a negative market reaction and raised concerns about near-term execution and demand.

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.