NeoVolta Q1 Earnings Forecast Cut by Northland Securities

Key Points

• Northland Securities lowered NeoVolta’s Q1 2027 EPS estimate to a loss of $0.12 from $0.11, while maintaining an “Outperform” rating. It projects continued losses through FY2027, followed by profitability beginning in FY2028.
• NeoVolta’s latest quarterly results significantly missed expectations, with a $0.24-per-share loss versus the anticipated $0.09 loss and revenue of approximately $0.01 million versus the $1.27 million consensus estimate.
• Analyst sentiment remains mixed: the stock has a consensus “Hold” rating and $9.50 average price target, while shares recently opened at $2.19. Institutional ownership stands at 5.11%, with several investment firms establishing new positions.

NeoVolta, Inc. (NASDAQ:NEOV - Free Report) - Stock analysts at Northland Securities lowered their Q1 2027 EPS estimates for shares of NeoVolta in a report issued on Thursday, September 24th. Northland Securities analyst T. Jackson now anticipates that the company will post earnings per share of ($0.12) for the quarter, down from their previous estimate of ($0.11). Northland Securities has a "Outperform" rating on the stock. The consensus estimate for NeoVolta's current full-year earnings is ($0.43) per share. Northland Securities also issued estimates for NeoVolta's Q2 2027 earnings at ($0.14) EPS, Q3 2027 earnings at ($0.12) EPS, Q4 2027 earnings at ($0.10) EPS, FY2027 earnings at ($0.48) EPS, FY2028 earnings at $0.11 EPS, FY2029 earnings at $0.71 EPS and FY2030 earnings at $1.72 EPS.

A number of other analysts have also commented on NEOV. UBS Group reaffirmed a "buy" rating on shares of NeoVolta in a research note on Tuesday, September 1st. Weiss Ratings restated a "sell (e+)" rating on shares of NeoVolta in a report on Tuesday, September 22nd. Needham & Company LLC reaffirmed a "buy" rating and issued a $8.00 price objective on shares of NeoVolta in a research report on Thursday. Finally, Lake Street Capital initiated coverage on NeoVolta in a research note on Friday, June 26th. They issued a "buy" rating and a $11.00 target price for the company. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, NeoVolta presently has a consensus rating of "Hold" and an average target price of $9.50.

NeoVolta Stock Performance

Shares of NASDAQ:NEOV opened at $2.19 on Monday. The business's fifty day moving average price is $3.11 and its two-hundred day moving average price is $2.87. The stock has a market cap of $129.23 million, a PE ratio of -4.21 and a beta of -0.87. NeoVolta has a one year low of $1.36 and a one year high of $7.13.

NeoVolta (NASDAQ:NEOV - Get Free Report) last released 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). NeoVolta had a negative net margin of 161.10% and a negative return on equity of 124.51%. The business had revenue of $0.01 million during the quarter, compared to analyst estimates of $1.27 million.

Institutional Investors Weigh In On NeoVolta

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Alyeska Investment Group L.P. purchased a new stake in shares of NeoVolta during the 2nd quarter worth about $4,882,000. BlackRock Inc. purchased a new position in shares of NeoVolta in the 2nd quarter valued at $1,633,000. AWM Investment Company Inc. purchased a new position in shares of NeoVolta in the 2nd quarter valued at $5,184,000. BIP Wealth LLC acquired a new position in shares of NeoVolta during the 2nd quarter valued at $675,000. Finally, Bank of America Corp DE lifted its holdings 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 valued at $118,000 after acquiring an additional 38,158 shares in the last quarter. 5.11% of the stock is currently owned by institutional investors and hedge funds.

NeoVolta News Roundup

Here are the key news stories impacting NeoVolta this week:

• Positive Sentiment: Analyst support remains constructive: Needham reaffirmed its “Buy” rating and maintained an $8.00 price target, implying substantial upside from recent trading levels. Needham rating report
• Positive Sentiment: Some longer-term estimates improved: Sidoti raised its Q2 fiscal 2028 EPS forecast to $0.04 from $0.03 and its fiscal 2028 estimate to $0.16 from $0.15, suggesting expectations for eventual profitability remain intact.
• Positive Sentiment: Growth initiatives continue: NeoVolta reported 58% fiscal-year revenue growth to $13.3 million, while its U.S. battery-storage manufacturing facility progresses toward production ramp-up. Its collaboration with SK On is intended to expand domestic cell capacity from 2027 through 2031. NeoVolta fiscal 2026 results
• Neutral Sentiment: Analyst views are mixed: Northland Securities retained an “Outperform” rating but reduced its fiscal 2031 EPS forecast to $2.03 from $2.17. Reported short interest was zero shares, offering no meaningful short-covering catalyst.
• Negative Sentiment: Quarterly results were significantly weaker than expected: NeoVolta reported a loss of $0.24 per share versus the consensus loss estimate of $0.09, while revenue was approximately $0.01 million versus expectations of $1.27 million. NeoVolta fourth-quarter results
• Negative Sentiment: Execution and funding risks remain elevated: A recent analysis cited inconsistent revenue, widening losses, potential dilution from share issuance, production delays and declining battery prices. The company’s negative margins and continued fiscal-year losses reinforce concerns that ambitious growth forecasts may take time to materialize.

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.

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