Neovolta Inc (NEOV)
NASDAQ:NEOV
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NeoVolta
(NASDAQ:NEOV)
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Rating:43Neutral
Price Target:
$2.50
▼(-19.09% Downside)
Action:Reiterated
Date:06/23/26
The score is held down primarily by weak financial performance (declining TTM revenue, very large operating/net losses, and substantial negative operating/free cash flow). Technicals remain broadly bearish (below longer-term moving averages with negative MACD), while valuation support is limited due to negative earnings and no dividend yield provided.
Positive Factors
Strengthened liquidity from equity raise
The $23.5M net proceeds materially extend the company’s runway and are earmarked for JV obligations, working capital and general purposes. This reduces near-term liquidity pressure, supports the planned Georgia production ramp and lessens immediate reliance on high‑cost financing.
Negative Factors
Persistent negative cash flow
Sustained negative operating and free cash flow (~-$9.1M TTM) indicates the business currently consumes cash to operate. Without a credible path to positive cash generation, NeoVolta will remain dependent on external capital, which constrains long‑term financial flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Strengthened liquidity from equity raise
The $23.5M net proceeds materially extend the company’s runway and are earmarked for JV obligations, working capital and general purposes. This reduces near-term liquidity pressure, supports the planned Georgia production ramp and lessens immediate reliance on high‑cost financing.
Read all positive factors
NeoVolta (NEOV) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$157.37M
Dividend YieldN/A
Average Volume (3M)3.09M
Price to Earnings (P/E)―
Beta (1Y)0.86
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. Volume6,390,529
30 Day Avg. Volume3,091,403
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 Cap0.41
Enterprise Value/Revenue3.61
Enterprise Value/Gross Profit18.04
Enterprise Value/Ebitda-6.42
Forecast
1Y Price Target
$8.00Price Target Upside158.90% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.35
Revenue Forecast (FY)$16.41M
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 | $103.77M | -12.52 | -6.14% | ― | 8.42% | -254.85% | |
58 Neutral | $1.33B | -2.99 | -31.69% | ― | 29.71% | 11.38% | |
43 Neutral | $157.37M | ― | -142.24% | ― | 324.67% | -158.36% | |
42 Neutral | $16.75M | -2.31 | -737.52% | ― | -19.55% | 31.32% | |
41 Neutral | $105.92M | -0.75 | -62.92% | ― | -3.74% | 9.32% | |
40 Underperform | $22.45M | -0.23 | -926.77% | ― | -73.24% | 53.32% |
* Industrials Sector Average
NEOV
NeoVolta
1.91
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-45.89%
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229.70%
ULBI
Ultralife
6.23
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FLUX
Flux Power Holdings
0.78
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GWH
ESS Tech
0.76
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-41.31%
NVX
NOVONIX Ltd Sponsored ADR
0.45
-0.59
-56.80%
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...
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...
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.