NeoVolta (NEOV)
NASDAQ:NEOV
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NeoVolta
(NASDAQ:NEOV)
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Rating:44Neutral
Price Target:
$3.50
▼(-5.91% Downside)
Action:UpgradedDate:03/03/26
The score is driven primarily by weak financial performance—large losses and significant cash burn despite manageable leverage. Technicals add pressure with the stock trading below key moving averages and a negative MACD. Valuation is hard to justify with negative earnings and no dividend, while corporate events are mixed due to dilution from the equity raise and leadership turnover.
Positive Factors
Structural demand for residential storage
NeoVolta’s core product addresses long-term structural growth in residential solar-plus-storage and home energy resilience. This durable end-market expansion supports sustainable demand for its battery systems over several years, underpinning revenue potential if execution and distribution scale.
Negative Factors
Persistent cash burn
Sustained negative operating and free cash flow materially increases reliance on external financing. Over multiple quarters this constrains investment in product development and channel expansion, elevates dilution risk, and pressures survival unless margins or revenue scale rapidly improve.
Read all positive and negative factors
Positive Factors
Negative Factors
Structural demand for residential storage
NeoVolta’s core product addresses long-term structural growth in residential solar-plus-storage and home energy resilience. This durable end-market expansion supports sustainable demand for its battery systems over several years, underpinning revenue potential if execution and distribution scale.
Read all positive factors
NeoVolta (NEOV) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$158.60M
Dividend YieldN/A
Average Volume (3M)1.12M
Price to Earnings (P/E)―
Beta (1Y)1.20
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees10
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)N/A
Shares Outstanding42,577,923
10 Day Avg. Volume668,473
30 Day Avg. Volume1,119,367
Financial Highlights & Ratios
PEG Ratio-0.19
Price to Book (P/B)38.10
Price to Sales (P/S)13.15
P/FCF Ratio-25.05
Enterprise Value/Market Cap0.83
Enterprise Value/Revenue7.30
Enterprise Value/Gross Profit39.56
Enterprise Value/Ebitda-16.59
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
NeoVolta Business Overview & Revenue Model
Company Description
NeoVolta Inc. designs, manufactures, and sells energy storage systems in the United States. It offers NV14 and NV 24 energy storage systems to store and use energy through batteries and an inverter at residential or commercial sites. The company m...
How the Company Makes Money
NeoVolta primarily makes money by selling its battery energy storage systems and related components to customers via distribution partners and solar/energy installers (i.e., product revenue generated when units are sold and delivered). Revenue is ...
NeoVolta Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
38
Negative
Cash Flow
18
Very Negative
| Breakdown | TTM | Sep 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 18.06M | 8.43M | 2.65M | 3.46M | 4.47M | 4.82M |
| Gross Profit | 3.33M | 1.51M | 510.35K | 688.00K | 667.13K | 647.72K |
| EBITDA | -7.95M | -4.63M | -1.87M | -1.11M | 0.00 | -7.60M |
| Net Income | -9.88M | -5.03M | -2.30M | -2.64M | -5.80M | -7.67M |
Balance Sheet | ||||||
| Total Assets | 10.11M | 6.81M | 4.66M | 6.51M | 4.13M | 3.26M |
| Cash, Cash Equivalents and Short-Term Investments | 242.43K | 794.84K | 986.43K | 2.00M | 330.38K | 425.68K |
| Total Debt | 4.36M | 3.13M | 0.00 | 0.00 | 1.12M | 19.31K |
| Total Liabilities | 5.11M | 3.90M | 61.10K | 39.49K | 1.51M | 113.56K |
| Stockholders Equity | 5.00M | 2.91M | 4.60M | 6.47M | 2.62M | 3.15M |
Cash Flow | ||||||
| Free Cash Flow | -8.05M | -4.43M | -1.02M | -2.11M | -1.16M | -883.62K |
| Operating Cash Flow | -7.55M | -4.43M | -1.02M | -2.11M | -1.16M | -883.62K |
| Investing Cash Flow | -500.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | 7.97M | 4.23M | 0.00 | 3.78M | 1.07M | 0.00 |
NeoVolta Risk Analysis
NeoVolta disclosed 37 risk factors in its most recent earnings report. NeoVolta reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
NeoVolta Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
58 Neutral | $106.27M | -16.14 | -4.35% | ― | 12.94% | -81.09% | |
48 Neutral | $345.95M | -4.17 | -26.54% | ― | 41.05% | -1.02% | |
47 Neutral | $21.55M | 10.40 | 365.40% | ― | 2.14% | 5.01% | |
45 Neutral | $30.71M | -0.43 | -265.36% | ― | -3.53% | 24.37% | |
44 Neutral | $158.60M | -4.80 | -176.25% | ― | ― | ― | |
42 Neutral | $160.13M | -1.85 | -75.11% | ― | -14.27% | -28.56% |
* Industrials Sector Average
NEOV
NeoVolta
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0.68
-0.47
-40.87%
NeoVolta Corporate Events
Executive/Board ChangesPrivate Placements and FinancingRegulatory Filings and Compliance
NeoVolta Launches $30 Million At-The-Market Stock Offering
Neutral
Mar 27, 2026
On March 27, 2026, NeoVolta, Inc. entered into a Sales Agreement with Needham Company allowing the company to sell up to $30 million of its common stock in an at-the-market offering under its existing $75 million shelf registration, with proceeds...
Executive/Board Changes
NeoVolta Restructures Executive Equity Compensation via Stock Options
Neutral
Feb 25, 2026
On February 23, 2026, NeoVolta, Inc. executed agreements with Chief Executive Officer Ardes Johnson and Chief Financial Officer Steve Bond to cancel previously granted restricted stock units that had entitled them to 1,280,000 and 240,000 shares o...
Business Operations and StrategyExecutive/Board Changes
NeoVolta abruptly terminates Chief Product Officer Mendik
Negative
Feb 5, 2026
On January 30, 2026, NeoVolta Inc. terminated its Chief Product Officer, Michael Mendik, effective immediately. The sudden executive change signals a potential shift in the company’s product leadership and strategic direction, with implicati...
Business Operations and StrategyPrivate Placements and Financing
NeoVolta announces $10 million registered direct equity offering
Positive
Jan 23, 2026
On January 22, 2026, NeoVolta Inc. entered into a securities purchase agreement for a registered direct offering of 2,100,841 shares of its common stock at $4.76 per share, for expected gross proceeds of approximately $10 million, with closing ant...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.