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NeoVolta
(NASDAQ:NEOV)
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Rating:49Neutral
Price Target:
$2.00
▼(-35.28% Downside)
Action:Reiterated
Date:07/02/26
The score is held back primarily by weak financial performance—deeply negative margins and materially negative operating/free cash flow—despite low leverage. Technicals are modestly positive in the short term (above 20/50-day averages with positive MACD), but the longer-term trend remains down (below 100/200-day averages). Valuation provides limited support due to losses (negative P/E). Corporate events add some support via fresh capital and leadership changes, but dilution and non-binding project visibility temper the benefit.
Positive Factors
Balance Sheet Flexibility
Low reported debt relative to equity provides durable financial flexibility: it reduces near-term solvency risk and gives management optionality to fund operations or capital projects without immediate leverage. This supports execution of manufacturing and JV plans while losses persist.
Negative Factors
Sustained Cash Burn
Persistent negative operating and free cash flow of roughly $9.1M TTM indicates the business is consuming cash to sustain operations. Continued cash burn necessitates repeated external funding, increasing dilution risk and constraining strategic investments until operational cash generation turns positive.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Flexibility
Low reported debt relative to equity provides durable financial flexibility: it reduces near-term solvency risk and gives management optionality to fund operations or capital projects without immediate leverage. This supports execution of manufacturing and JV plans while losses persist.
Read all positive factors
NeoVolta (NEOV) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$120.01M
Dividend YieldN/A
Average Volume (3M)3.79M
Price to Earnings (P/E)―
Beta (1Y)1.09
Revenue Growth324.67%
EPS Growth-158.36%
CountryUS
Employees17
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)-0.32
Shares Outstanding56,606,422
10 Day Avg. Volume1,337,644
30 Day Avg. Volume3,792,489
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 Cap0.54
Enterprise Value/Revenue3.61
Enterprise Value/Gross Profit18.04
Enterprise Value/Ebitda-6.42
Forecast
1Y Price Target
$9.50Price Target Upside207.44% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)-0.21
Revenue Forecast (FY)$97.50M
NeoVolta Business Overview & Revenue Model
Company Description
NeoVolta Inc. designs, manufactures, and sells energy storage systems in the United States. The company provides NV14, NV14-K, and NV 24 energy storage systems, which stores and uses energy through batteries and an inverter at residential or comme...
How the Company Makes Money
NeoVolta primarily makes money by selling its residential energy storage hardware (battery storage systems and associated components) through distribution and installer channels that serve residential solar and electrical markets. Revenue is recog...
NeoVolta Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
57
Neutral
Cash Flow
24
Negative
| Breakdown | TTM | Sep 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 18.07M | 8.43M | 2.65M | 3.46M | 4.47M | 4.82M |
| Gross Profit | 3.62M | 1.51M | 510.35K | 688.00K | 667.13K | 647.72K |
| EBITDA | -10.17M | -4.63M | -1.87M | -1.11M | 0.00 | -7.60M |
| Net Income | -11.46M | -5.03M | -2.30M | -2.64M | -5.80M | -7.67M |
Balance Sheet | ||||||
| Total Assets | 25.66M | 6.81M | 4.66M | 6.51M | 4.13M | 3.26M |
| Cash, Cash Equivalents and Short-Term Investments | 11.48M | 794.84K | 986.43K | 2.00M | 330.38K | 425.68K |
| Total Debt | 713.45K | 3.13M | 0.00 | 0.00 | 1.12M | 19.31K |
| Total Liabilities | 3.48M | 3.90M | 61.10K | 39.49K | 1.51M | 113.56K |
| Stockholders Equity | 22.18M | 2.91M | 4.60M | 6.47M | 2.62M | 3.15M |
Cash Flow | ||||||
| Free Cash Flow | -9.08M | -4.43M | -1.02M | -2.11M | -1.16M | -883.62K |
| Operating Cash Flow | -9.08M | -4.43M | -1.02M | -2.11M | -1.16M | -883.62K |
| Investing Cash Flow | -2.79M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | 22.81M | 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% | |
63 Neutral | $92.44M | -11.07 | -6.14% | ― | 8.42% | -254.85% | |
53 Neutral | $1.38B | -2.82 | -31.69% | ― | 29.71% | 11.38% | |
49 Neutral | $120.01M | -6.59 | -142.24% | ― | 324.67% | -158.36% | |
43 Neutral | $26.16M | -0.26 | -926.77% | ― | -73.24% | 53.32% | |
41 Neutral | $14.33M | -1.95 | -737.52% | ― | -19.55% | 31.32% | |
41 Neutral | $107.34M | -0.74 | -62.92% | ― | -3.74% | 9.32% |
* Industrials Sector Average
NEOV
NeoVolta
2.11
-2.36
-52.80%
FCEL
Fuelcell Energy
18.50
13.14
245.06%
ULBI
Ultralife
5.51
-3.62
-39.65%
FLUX
Flux Power Holdings
0.66
-1.33
-66.73%
GWH
ESS Tech
0.88
-0.68
-43.33%
NVX
NOVONIX Ltd Sponsored ADR
0.41
-1.41
-77.31%
NeoVolta Corporate Events
Business Operations and StrategyPrivate Placements and Financing
NeoVolta Completes Public Offering to Fund Growth Initiatives
Positive
May 29, 2026
On May 29, 2026, NeoVolta completed an underwritten public offering of 12,195,122 shares of common stock at $2.05 per share, raising approximately $23.5 million in net proceeds, after expenses, and granting underwriters a 30‑day option to bu...
Business Operations and StrategyExecutive/Board ChangesFinancial Disclosures
NeoVolta Appoints New CFO to Support Growth Strategy
Positive
May 14, 2026
On May 14, 2026, NeoVolta appointed veteran clean-energy finance executive Jing Nealis as chief financial officer, effective May 18, 2026, replacing Steve Bond, who will transition out of the CFO role. Nealis’s employment package combines a ...
Business Operations and Strategy
NeoVolta Expands Global Reach With Potisedge Equity Agreement
Positive
Apr 21, 2026
On April 15, 2026, NeoVolta Power, NeoVolta and Can Current Corporation amended and restated the operating agreement for NeoVolta Power, removing NPJV MANAGER LLC as a member, increasing NeoVolta’s Class A equity stake, reducing and realloca...
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.