Northland Securities Comments on NeoVolta FY2031 Earnings

NeoVolta, Inc. (NASDAQ:NEOV) – Analysts at Northland Securities lowered their FY2031 earnings estimates for NeoVolta in a research note issued on Thursday, September 24th. Northland Securities analyst T. Jackson now forecasts that the company will post earnings of $2.03 per share for the year, down from their previous forecast of $2.17. Northland Securities has a “Outperform” rating on the stock. The consensus estimate for NeoVolta’s current full-year earnings is ($0.37) per share.

Other equities research analysts have also issued research reports about the company. UBS Group reaffirmed a “buy” rating on shares of NeoVolta in a research note on Tuesday, September 1st. Lake Street Capital initiated coverage on NeoVolta in a report on Friday, June 26th. They set a “buy” rating and a $11.00 price objective on the stock. Needham & Company LLC restated a “buy” rating and issued a $8.00 target price on shares of NeoVolta in a research report on Thursday. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of NeoVolta in a research note on Tuesday. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, NeoVolta presently has a consensus rating of “Hold” and an average price target of $9.50.

NeoVolta Stock Performance

Shares of NASDAQ:NEOV opened at $2.39 on Friday. The firm has a market capitalization of $135.30 million, a PE ratio of -4.60 and a beta of -0.87. NeoVolta has a 52-week low of $1.36 and a 52-week high of $7.13. The firm has a fifty day moving average of $3.11 and a 200 day moving average of $2.88.

NeoVolta (NASDAQ:NEOV) last issued 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 return on equity of 141.89% and a negative net margin of 63.35%.The company had revenue of $0.01 million during the quarter, compared to the consensus estimate of $1.27 million.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Bank of America Corp DE lifted its stake in shares of NeoVolta by 131,579.3% in the 1st quarter. Bank of America Corp DE now owns 38,187 shares of the company’s stock valued at $118,000 after acquiring an additional 38,158 shares during the last quarter. BIP Wealth LLC bought a new position in NeoVolta during the 2nd quarter worth approximately $675,000. BlackRock Inc. bought a new position in NeoVolta during the 2nd quarter worth approximately $1,633,000. Alyeska Investment Group L.P. purchased a new position in NeoVolta in the 2nd quarter worth approximately $4,882,000. Finally, AWM Investment Company Inc. purchased a new position in NeoVolta in the 2nd quarter worth approximately $5,184,000. Hedge funds and other institutional investors own 5.11% of the company’s stock.

More NeoVolta News

Here are the key news stories impacting NeoVolta this week:

• Positive Sentiment: Needham & Company reaffirmed its “buy” rating and $8.00 price target, implying substantial upside from recent trading levels. Needham analyst rating reference
• Positive Sentiment: NeoVolta reported fiscal 2026 revenue growth of 58% to $13.3 million, said its U.S. battery-storage manufacturing facility is progressing toward production ramp-up, and highlighted an SK On collaboration intended to expand domestic cell capacity from 2027 through 2031. NeoVolta fiscal 2026 results
• Positive Sentiment: Sidoti modestly raised its Q2 and full-year fiscal 2028 EPS estimates to $0.04 and $0.16, respectively, suggesting analysts still expect profitability as capacity expands.
• Neutral Sentiment: Northland Securities maintained an “outperform” view but reduced its fiscal 2031 EPS forecast to $2.03 from $2.17, indicating a positive long-term stance tempered by lower expectations.
• Negative Sentiment: NeoVolta’s fiscal fourth-quarter loss widened to $0.24 per share, versus the $0.09 consensus loss and a $0.05 loss a year earlier. Quarterly revenue was approximately $10,000, far below the $1.27 million analyst estimate. NeoVolta earnings miss
• Negative Sentiment: Analysts cited inconsistent revenue, widening losses, execution delays, ongoing share dilution to fund operations, and potentially aggressive growth assumptions. These concerns overshadow the company’s strategic partnerships and attractive industry opportunity. NeoVolta investment analysis

NeoVolta Company Profile

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.