What is Sidoti's Estimate for NeoVolta Q1 Earnings?

Key Points

• Sidoti forecasts NeoVolta will earn $0.08 per share in Q1 2029, while the consensus estimate for full-year earnings is a loss of $0.43 per share.
• NeoVolta recently reported a quarterly loss of $0.24 per share, missing the $0.09 consensus estimate, while revenue of $0.01 million fell far short of expectations of $1.27 million.
• Analyst sentiment is generally positive, with a “Moderate Buy” consensus rating and a $9.50 target price, despite shares opening at $2.52 and declining 3.1%.

NeoVolta, Inc. (NASDAQ:NEOV - Free Report) - Stock analysts at Sidoti issued their Q1 2029 earnings estimates for NeoVolta in a research report issued to clients and investors on Thursday, September 24th. Sidoti analyst S. Ferazani forecasts that the company will post earnings of $0.08 per share for the quarter. The consensus estimate for NeoVolta's current full-year earnings is ($0.43) per share.

Several other research firms have also recently commented on NEOV. Needham & Company LLC reaffirmed a "buy" rating and set a $8.00 price objective on shares of NeoVolta in a research report on Thursday, September 24th. Northland Securities initiated coverage on shares of NeoVolta in a report on Wednesday, July 29th. They set an "outperform" rating for the company. UBS Group restated a "buy" rating on shares of NeoVolta in a report on Tuesday, September 1st. Lake Street Capital started coverage on shares of NeoVolta in a research report on Friday, June 26th. They issued a "buy" rating and a $11.00 target price for the company. Finally, Weiss Ratings reiterated a "sell (e+)" rating on shares of NeoVolta in a research note on Tuesday, September 22nd. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $9.50.

NeoVolta Trading Down 3.1%

Shares of NEOV opened at $2.52 on Friday. The business's fifty day simple moving average is $3.13 and its two-hundred day simple moving average is $2.84. NeoVolta has a 12 month low of $1.36 and a 12 month high of $7.13. The company has a market cap of $148.71 million, a price-to-earnings ratio of -4.85 and a beta of -0.77.

NeoVolta (NASDAQ:NEOV - Get Free Report) last posted its quarterly earnings results on Wednesday, September 23rd. The company reported ($0.24) EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $0.01 million for the quarter, compared to analysts' expectations of $1.27 million.

Institutional Trading of NeoVolta

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Alyeska Investment Group L.P. purchased a new position in shares of NeoVolta during the 2nd quarter valued at $4,882,000. AWM Investment Company Inc. purchased a new position in shares of NeoVolta in the second quarter valued at about $5,184,000. BlackRock Inc. bought a new position in shares of NeoVolta in the second quarter worth about $1,633,000. BIP Wealth LLC purchased a new stake in shares of NeoVolta during the second quarter worth about $675,000. Finally, Bank of America Corp DE grew its position in shares of 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 purchasing an additional 38,158 shares in the last quarter. 5.11% of the stock is owned by hedge funds and other institutional investors.

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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