NeoVolta Stock Sees Q2 Earnings Estimate Increased at Sidoti

Key Points

• Sidoti raised NeoVolta’s Q2 FY2028 EPS estimate to $0.04 from $0.03 and forecast FY2028 EPS of $0.16, though the current full-year consensus remains a loss of $0.37 per share.
• NeoVolta’s latest quarterly results were significantly weaker than expected: the company reported a $0.24-per-share loss versus the $0.09 consensus and revenue of just $10,000 versus estimates of $1.27 million.
• Analyst sentiment is mixed, with four Buy, two Hold and one Sell ratings; the consensus rating is Hold with a $9.50 price target, while shares opened at $2.39 after falling 24.6%.

NeoVolta, Inc. (NASDAQ:NEOV - Free Report) - Equities researchers at Sidoti increased their Q2 2028 EPS estimates for NeoVolta in a report issued on Thursday, September 24th. Sidoti analyst S. Ferazani now forecasts that the company will earn $0.04 per share for the quarter, up from their prior 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.

A number of other analysts have also issued reports on the stock. Needham & Company LLC reissued a "buy" rating and issued a $8.00 price target on shares of NeoVolta in a research report on Thursday. Weiss Ratings reiterated a "sell (e+)" rating on shares of NeoVolta in a report on Tuesday. UBS Group reaffirmed a "buy" rating on shares of NeoVolta in a research report on Tuesday, September 1st. Lake Street Capital initiated coverage on NeoVolta in a research note on Friday, June 26th. They set a "buy" rating and a $11.00 price target for the company. Finally, Northland Securities assumed coverage on NeoVolta in a report on Wednesday, July 29th. They set an "outperform" rating for the company. Four equities research 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.com, NeoVolta presently has an average rating of "Hold" and a consensus price target of $9.50.

NeoVolta Stock Down 24.6%

Shares of NeoVolta stock opened at $2.39 on Friday. The stock has a market cap of $135.30 million, a PE ratio of -4.60 and a beta of -0.87. NeoVolta has a 12 month low of $1.36 and a 12 month high of $7.13. The business has a fifty day simple moving average of $3.11 and a 200-day simple moving average of $2.88.

NeoVolta (NASDAQ:NEOV - Get Free Report) last released its quarterly earnings results 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 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 Investors Weigh In On NeoVolta

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE grew its position in NeoVolta by 131,579.3% during the first 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 acquired a new position in NeoVolta in the 2nd quarter valued at $675,000. BlackRock Inc. bought a new stake in shares of NeoVolta during the 2nd quarter valued at $1,633,000. Alyeska Investment Group L.P. acquired a new stake in shares of NeoVolta during the 2nd quarter worth $4,882,000. Finally, AWM Investment Company Inc. acquired a new stake in shares of NeoVolta during the 2nd quarter worth $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

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.

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