Northland Securities Predicts Reduced Earnings for NeoVolta

NeoVolta, Inc. (NASDAQ:NEOV – Free Report) – Northland Securities lowered their Q1 2027 earnings per share (EPS) estimates for NeoVolta in a research report issued on Thursday, September 24th. Northland Securities analyst T. Jackson now expects that the company will earn ($0.12) per share for the quarter, down from their previous forecast of ($0.11). Northland Securities currently has a “Outperform” rating on the stock. The consensus estimate for NeoVolta’s current full-year earnings is ($0.43) per share. Northland Securities also issued estimates for NeoVolta’s Q2 2027 earnings at ($0.14) EPS, Q3 2027 earnings at ($0.12) EPS, Q4 2027 earnings at ($0.10) EPS, FY2027 earnings at ($0.48) EPS, FY2028 earnings at $0.11 EPS, FY2029 earnings at $0.71 EPS and FY2030 earnings at $1.72 EPS.

Other research analysts 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. Weiss Ratings restated a “sell (e+)” rating on shares of NeoVolta in a research report on Tuesday, September 22nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $8.00 price objective on shares of NeoVolta in a research note on Thursday, September 24th. Finally, Lake Street Capital assumed coverage on shares of NeoVolta in a research report on Friday, June 26th. They set a “buy” rating and a $11.00 price objective on the stock. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $9.50.

View Our Latest Stock Analysis on NeoVolta

NeoVolta Trading Up 4.1%

NEOV stock opened at $2.28 on Monday. NeoVolta has a one year low of $1.36 and a one year high of $7.13. The firm has a 50-day moving average of $3.11 and a two-hundred day moving average of $2.86. The firm has a market capitalization of $134.54 million, a PE ratio of -4.38 and a beta of -0.87.

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

Hedge Funds Weigh In On NeoVolta

Several institutional investors and hedge funds have recently bought and sold shares of NEOV. AWM Investment Company Inc. purchased a new stake in shares of NeoVolta in the second quarter worth approximately $5,184,000. Alyeska Investment Group L.P. acquired a new stake in shares of NeoVolta during the second quarter worth approximately $4,882,000. BlackRock Inc. purchased a new position in NeoVolta during the second quarter valued at approximately $1,633,000. BIP Wealth LLC purchased a new position in NeoVolta during the second quarter valued at approximately $675,000. Finally, Bank of America Corp DE increased its stake in 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 buying an additional 38,158 shares during the period. Hedge funds and other institutional investors own 5.11% of the company’s stock.

About NeoVolta

(Get Free Report)

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.

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Earnings History and Estimates for NeoVolta (NASDAQ:NEOV)

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