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

NeoVolta (NASDAQ:NEOV)‘s stock had its “buy” rating reaffirmed by investment analysts at Needham & Company LLC in a research report issued on Thursday, Benzinga reports. They presently have a $8.00 price objective on the stock. Needham & Company LLC’s price objective would indicate a potential upside of 245.57% from the company’s current price.

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

NeoVolta Stock Performance

NeoVolta stock traded down $0.86 during midday trading on Thursday, hitting $2.32. 2,062,937 shares of the company’s stock were exchanged, compared to its average volume of 1,547,947. NeoVolta has a 52-week low of $1.36 and a 52-week high of $7.13. The stock has a 50-day moving average price of $3.11 and a two-hundred day moving average price of $2.89. The company has a market cap of $131.05 million, a P/E ratio of -7.02 and a beta of -0.87.

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

Institutional Investors Weigh In On NeoVolta

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Alyeska Investment Group L.P. purchased a new position in shares of NeoVolta during the 2nd quarter valued at about $4,882,000. AWM Investment Company Inc. purchased a new position in shares of NeoVolta in the 2nd quarter valued at about $5,184,000. BlackRock Inc. purchased a new position in shares of NeoVolta in the 2nd quarter valued at about $1,633,000. BIP Wealth LLC purchased a new position in shares of NeoVolta in the 2nd quarter valued at about $675,000. Finally, Bank of America Corp DE increased its stake 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. 5.11% of the stock is currently owned by hedge funds and other institutional investors.

More NeoVolta News

Here are the key news stories impacting NeoVolta this week:

• Positive Sentiment: Needham reiterates Buy rating: Needham & Company reaffirmed its “Buy” rating and assigned an $8.00 price target, implying substantial upside from recent trading levels. Benzinga analyst rating report
• Positive Sentiment: Full-year revenue growth and capacity expansion: NeoVolta reported fiscal 2026 revenue of $13.3 million, up 58% year over year. Management also said its U.S. battery energy-storage-system manufacturing facility is progressing toward production ramp-up, while its collaboration with SK On is expected to support expanded access to U.S.-made battery cells from 2027 through 2031. NeoVolta fiscal 2026 financial results
• Neutral Sentiment: Investor focus remains on execution: The fiscal 2026 earnings call transcript may provide additional details on the production ramp, SK On relationship, and the company’s path toward improving operating results. NeoVolta Q4 2026 earnings call transcript
• Negative Sentiment: Fourth-quarter results significantly missed expectations: NeoVolta reported a loss of $0.24 per share, versus the expected $0.09 loss and a $0.05 loss a year earlier. Revenue was approximately $0.01 million, well below the $1.27 million consensus estimate. The weak results triggered after-hours selling and are the primary reason for the stock’s decline. Zacks NeoVolta earnings report

About NeoVolta

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.