Sidoti Equities Analysts Cut Earnings Estimates for NeoVolta

NeoVolta, Inc. (NASDAQ:NEOV) – Sidoti lowered their Q1 2027 EPS estimates for NeoVolta in a note issued to investors on Thursday, September 24th. Sidoti analyst S. Ferazani now anticipates that the company will post earnings per share of ($0.17) for the quarter, down from their prior forecast of ($0.13). The consensus estimate for NeoVolta’s current full-year earnings is ($0.43) per share. Sidoti also issued estimates for NeoVolta’s Q2 2027 earnings at ($0.17) EPS, Q3 2027 earnings at ($0.07) EPS, Q4 2027 earnings at ($0.02) EPS, FY2027 earnings at ($0.38) EPS and FY2029 earnings at $0.46 EPS.

Other equities analysts have also recently issued reports about the stock. UBS Group reissued a “buy” rating on shares of NeoVolta in a research report on Tuesday, September 1st. Needham & Company LLC reiterated a “buy” rating and issued a $8.00 price target on shares of NeoVolta in a research note on Thursday, September 24th. Weiss Ratings reissued a “sell (e+)” rating on shares of NeoVolta in a report on Tuesday, September 22nd. Lake Street Capital assumed coverage on NeoVolta in a research note on Friday, June 26th. They set a “buy” rating and a $11.00 price objective for the company. Finally, Northland Securities assumed coverage on NeoVolta in a report on Wednesday, July 29th. They set an “outperform” rating on the stock. 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. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $9.50.

NeoVolta Price Performance

NeoVolta stock opened at $2.28 on Monday. NeoVolta has a 12-month low of $1.36 and a 12-month high of $7.13. The company has a market capitalization of $134.54 million, a price-to-earnings ratio of -4.38 and a beta of -0.87. The firm’s fifty day moving average price is $3.11 and its 200 day moving average price is $2.86.

NeoVolta (NASDAQ:NEOV) last announced its earnings results on Wednesday, September 23rd. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.15). The firm had revenue of $0.01 million during the quarter, compared to analysts’ expectations of $1.27 million. NeoVolta had a negative net margin of 161.10% and a negative return on equity of 124.51%.

Institutional Investors Weigh In On NeoVolta

Hedge funds and other institutional investors have recently modified their holdings of the stock. Alyeska Investment Group L.P. bought a new position in NeoVolta during the 2nd quarter worth approximately $4,882,000. AWM Investment Company Inc. acquired a new position in shares of NeoVolta in the 2nd quarter worth approximately $5,184,000. BlackRock Inc. bought a new stake in shares of NeoVolta in the 2nd quarter valued at approximately $1,633,000. BIP Wealth LLC bought a new stake in shares of NeoVolta in the 2nd quarter valued at approximately $675,000. Finally, Bank of America Corp DE raised its position in shares of NeoVolta by 131,579.3% during 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 in the last quarter. Institutional investors own 5.11% of the company’s stock.

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.