Neovolta Inc (NEOV)
NASDAQ:NEOV
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NeoVolta
(NASDAQ:NEOV)
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Rating:45Neutral
Price Target:
$2.00
▼(-35.28% Downside)
Action:Reiterated
Date:05/30/26
The score is weighed down primarily by weak financial performance (deep losses and significant cash burn) and bearish technicals (price below all key moving averages with negative MACD). Valuation is constrained by negative earnings, while corporate events modestly offset risk by improving liquidity and signaling potential growth opportunities, albeit with dilution and non-binding demand.
Positive Factors
Balance Sheet Health
NeoVolta’s limited financial leverage—debt of roughly $0.7M against ~$22.2M equity—provides structural flexibility. Low current interest obligations reduce near-term solvency risk and give the company more optionality to fund a manufacturing ramp or strategic investments without heavy fixed financing costs.
Negative Factors
Cash Burn
Sustained operating and free cash flow deficits (~-$9.1M TTM) show the business consumes cash to fund operations and growth. Persisting cash burn creates reliance on external capital, raises dilution risk for shareholders, and constrains the company’s ability to invest opportunistically if revenue ramps slow.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Health
NeoVolta’s limited financial leverage—debt of roughly $0.7M against ~$22.2M equity—provides structural flexibility. Low current interest obligations reduce near-term solvency risk and give the company more optionality to fund a manufacturing ramp or strategic investments without heavy fixed financing costs.
Read all positive factors
NeoVolta (NEOV) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$83.29M
Dividend YieldN/A
Average Volume (3M)972.24K
Price to Earnings (P/E)―
Beta (1Y)0.90
Revenue Growth324.67%
EPS Growth-158.36%
CountryUS
Employees10
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)-0.32
Shares Outstanding42,711,300
10 Day Avg. Volume2,034,622
30 Day Avg. Volume972,240
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 Cap0.71
Enterprise Value/Revenue3.27
Enterprise Value/Gross Profit16.36
Enterprise Value/Ebitda-6.54
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)-0.35
Revenue Forecast (FY)$16.42M
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 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 | -9.04M | -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% | |
61 Neutral | $120.76M | -14.70 | -6.14% | ― | 8.42% | -254.85% | |
59 Neutral | $1.15B | ― | -26.54% | ― | 48.29% | 11.56% | |
45 Neutral | $83.29M | -6.84 | -142.24% | ― | 324.67% | -158.36% | |
45 Neutral | $29.68M | -0.48 | -926.77% | ― | -73.24% | 53.32% | |
43 Neutral | $158.00M | -1.21 | -70.19% | ― | -3.74% | 9.32% | |
42 Neutral | $23.07M | -3.65 | -737.52% | ― | -19.55% | 31.32% |
* Industrials Sector Average
NEOV
NeoVolta
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-39.81%
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GWH
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NVX
NOVONIX Ltd Sponsored ADR
0.71
-0.38
-34.79%
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.