Needham & Company LLC Reiterates Buy Rating for NeoVolta (NASDAQ:NEOV)

Posted by Francis Steltz on Jul 2nd, 2026

NeoVolta (NASDAQ:NEOV – Get Free Report)‘s stock had its “buy” rating reiterated by analysts at Needham & Company LLC in a research report issued on Thursday,Benzinga reports. They presently have a $8.00 price objective on the stock. Needham & Company LLC’s price target suggests a potential upside of 222.58% from the company’s current price.

NEOV has been the subject of a number of other research reports. Lake Street Capital assumed coverage on shares of NeoVolta in a research note on Friday, June 26th. They set a “buy” rating and a $11.00 price objective for the company. Zacks Research raised NeoVolta to a “hold” rating in a research report on Tuesday, April 21st. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of NeoVolta in a research report on Friday, June 26th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $9.50.

Check Out Our Latest Stock Report on NeoVolta

NeoVolta Stock Down 10.8%

Shares of NeoVolta stock traded down $0.30 during trading on Thursday, hitting $2.48. 1,848,458 shares of the company were exchanged, compared to its average volume of 1,546,087. The stock has a market capitalization of $105.92 million, a price-to-earnings ratio of -7.50 and a beta of -1.10. NeoVolta has a fifty-two week low of $1.36 and a fifty-two week high of $7.13. The firm has a 50 day moving average price of $2.40 and a 200 day moving average price of $3.23.

NeoVolta (NASDAQ:NEOV – Get Free Report) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.07. NeoVolta had a negative return on equity of 141.89% and a negative net margin of 63.35%.The company had revenue of $2.02 million during the quarter, compared to the consensus estimate of $3.41 million. Analysts predict that NeoVolta will post -0.37 earnings per share for the current year.

Insider Transactions at NeoVolta

In other NeoVolta news, EVP Steve Bond bought 47,000 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was bought at an average cost of $2.09 per share, with a total value of $98,230.00. Following the completion of the transaction, the executive vice president directly owned 797,000 shares of the company’s stock, valued at approximately $1,665,730. The trade was a 6.27% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 4.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Legacy Wealth Managment LLC ID lifted its holdings in NeoVolta by 3.1% in the 4th quarter. Legacy Wealth Managment LLC ID now owns 5,669,083 shares of the company’s stock worth $17,234,000 after purchasing an additional 169,822 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of NeoVolta by 11.5% in the 3rd quarter. Vanguard Group Inc. now owns 458,988 shares of the company’s stock worth $2,047,000 after purchasing an additional 47,521 shares during the last quarter. Sovran Advisors LLC grew its stake in NeoVolta by 97.1% in the fourth quarter. Sovran Advisors LLC now owns 457,687 shares of the company’s stock valued at $1,391,000 after acquiring an additional 225,516 shares during the period. Geode Capital Management LLC raised its position in shares of NeoVolta by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 329,747 shares of the company’s stock worth $1,003,000 after purchasing an additional 9,385 shares during the period. Finally, 683 Capital Management LLC bought a new position in shares of NeoVolta during the 4th quarter valued at about $589,000. Institutional investors and hedge funds own 5.11% of the company’s stock.

NeoVolta Company Profile

(Get Free Report)

NeoVolta, Inc is a clean-energy technology company that designs, manufactures and markets integrated battery storage systems for residential and light-commercial applications. Headquartered in San Jose, California, the company develops hardware and software solutions aimed at enhancing the value of rooftop solar installations, providing backup power and enabling homeowners to optimize time-of-use rate plans. NeoVolta’s modular approach to energy storage allows customers to scale capacity to match their changing needs.

The company’s flagship product family combines lithium-ion battery modules, a hybrid inverter and an energy management platform under a single enclosure.