Sidoti Comments on NeoVolta's Q1 Earnings (NASDAQ:NEOV)

Key Points

• Sidoti lowered its Q1 2027 EPS forecast for NeoVolta to a loss of $0.17 per share from a prior loss estimate of $0.13; it projects a $0.38 loss for FY2027 and $0.46 EPS for FY2029.
• NeoVolta’s latest quarterly results significantly missed expectations, reporting a $0.24-per-share loss versus the anticipated $0.09 loss and revenue of roughly $0.01 million versus the $1.27 million consensus.
• Analyst sentiment is mixed, with four Buy, two Hold and one Sell ratings producing a consensus Hold rating and a $9.50 average price target, while the stock recently traded at $2.19.

NeoVolta, Inc. (NASDAQ:NEOV - Free Report) - Stock analysts at Sidoti decreased their Q1 2027 earnings per share estimates for shares of NeoVolta in a note issued to investors on Thursday, September 24th. Sidoti analyst S. Ferazani now expects that the company will post earnings per share of ($0.17) for the quarter, down from their prior estimate of ($0.13). The consensus estimate for NeoVolta's current full-year earnings is ($0.43) per share. Sidoti also issued estimates for NeoVolta's Q2 2027 earnings at ($0.17) EPS, Q3 2027 earnings at ($0.07) EPS, Q4 2027 earnings at ($0.02) EPS, FY2027 earnings at ($0.38) EPS and FY2029 earnings at $0.46 EPS.

NEOV has been the subject of several other reports. UBS Group reissued 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 research report on Tuesday, September 22nd. Northland Securities assumed coverage on shares of NeoVolta in a report on Wednesday, July 29th. They issued an "outperform" rating on the stock. Needham & Company LLC reissued a "buy" rating and issued a $8.00 target price on shares of NeoVolta in a research note on Thursday. Finally, Lake Street Capital assumed 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 assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $9.50.

NeoVolta Stock Performance

Shares of NeoVolta stock opened at $2.19 on Monday. NeoVolta has a 52-week low of $1.36 and a 52-week high of $7.13. The company has a fifty day moving average of $3.11 and a 200-day moving average of $2.87. The stock has a market capitalization of $129.23 million, a price-to-earnings ratio of -4.21 and a beta of -0.87.

NeoVolta (NASDAQ:NEOV - Get Free Report) last issued its earnings results on Wednesday, September 23rd. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.15). NeoVolta had a negative return on equity of 124.51% and a negative net margin of 161.10%.The firm had revenue of $0.01 million during the quarter, compared to analysts' expectations of $1.27 million.

Institutional Trading of NeoVolta

Hedge funds have recently modified their holdings of the business. Bank of America Corp DE boosted its position in shares of NeoVolta by 131,579.3% in the 1st quarter. Bank of America Corp DE now owns 38,187 shares of the company's stock worth $118,000 after purchasing an additional 38,158 shares in the last quarter. BIP Wealth LLC purchased a new stake in NeoVolta during the 2nd quarter valued at about $675,000. BlackRock Inc. purchased a new stake in NeoVolta during the 2nd quarter valued at about $1,633,000. Alyeska Investment Group L.P. bought a new stake in NeoVolta during the 2nd quarter valued at about $4,882,000. Finally, AWM Investment Company Inc. bought a new stake in NeoVolta during the 2nd quarter valued at about $5,184,000. Institutional investors own 5.11% of the company's stock.

Key NeoVolta News

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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