Beacon Capital Management LLC Makes New $26,000 Investment in NeoVolta Inc. (NASDAQ:NEOV)

Beacon Capital Management LLC acquired a new stake in shares of NeoVolta Inc. (NASDAQ:NEOV) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 5,000 shares of the company’s stock, valued at approximately $26,000.

Other hedge funds have also recently made changes to their positions in the company. Centennial Wealth Advisory LLC purchased a new position in shares of NeoVolta during the third quarter valued at approximately $31,000. Barclays PLC purchased a new position in shares of NeoVolta during the third quarter valued at approximately $35,000. Sovran Advisors LLC purchased a new position in shares of NeoVolta during the fourth quarter valued at approximately $636,000. Geode Capital Management LLC raised its holdings in shares of NeoVolta by 5.3% during the third quarter. Geode Capital Management LLC now owns 306,324 shares of the company’s stock valued at $947,000 after purchasing an additional 15,427 shares during the last quarter. Finally, Legacy Investment Solutions LLC purchased a new position in shares of NeoVolta during the third quarter valued at approximately $10,768,000. 5.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Maxim Group boosted their price objective on shares of NeoVolta from $4.75 to $7.50 and gave the company a “buy” rating in a report on Wednesday, November 13th.

NeoVolta Trading Up 9.2 %

Shares of NEOV stock opened at $3.33 on Monday. NeoVolta Inc. has a 12 month low of $0.63 and a 12 month high of $6.11. The stock has a market cap of $111.09 million, a P/E ratio of -37.00 and a beta of -1.44. The company has a 50 day simple moving average of $4.26 and a two-hundred day simple moving average of $3.78.

NeoVolta (NASDAQ:NEOV) last announced its earnings results on Friday, February 7th. The company reported ($0.03) EPS for the quarter. NeoVolta had a negative net margin of 114.93% and a negative return on equity of 58.84%.

About NeoVolta

NeoVolta Inc designs, manufactures, and sells energy storage systems in the United States. It provides NV14, NV14-K, and NV 24 energy storage systems, which stores and uses energy through batteries and an inverter at residential or commercial sites. The company markets and sells its products directly to certified solar installers and solar equipment distributors.