NeoVolta Inc.
- Open
- 2.17
- Day high
- 2.25
- Day low
- 2.11
- Prev close
- 2.15
- Volume
- 620K
- Mkt cap
- $93M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 4.2
- P/S
- 5.2
- Yield
- —
- Per share
- —
- ▲Insiders net buying $232K over the last 3 months (3 open-market buys, 0 sales)
- 🏛Institutions accumulating (13F)
NeoVolta Inc. (NEOV) is a Industrials company listed on NASDAQ. The stock is down 56% over the past year. Over the trailing 3 months, insiders filed 3 open-market buys and 0 sales (SEC Form 4).
NeoVolta Inc. (NEOV) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
NEOV earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 15, 2026 | $-0.15 | $-0.08 | +46.7% | $2M | -41.4% |
| Feb 13, 2026 | $-0.04 | $-0.16 | -300.0% | $5M | +5.6% |
| Sep 29, 2025 | $-0.01 | $-0.05 | -400.0% | $5M | +10.5% |
| May 9, 2025 | $-0.02 | $-0.04 | -100.0% | $2M | +0.7% |
| Feb 7, 2025 | $-0.03 | $-0.03 | +0.0% | $1M | -2.6% |
| Nov 8, 2024 | $-0.02 | $-0.03 | -50.0% | $590236 | -1.6% |
| Sep 27, 2024 | $-0.02 | $-0.02 | +0.0% | $579214 | -17.3% |
| May 10, 2024 | $-0.01 | $-0.02 | -100.0% | $283900 | -71.6% |
| Feb 9, 2024 | $-0.02 | $-0.02 | +0.0% | $1M | +1.8% |
| Nov 13, 2023 | $-0.01 | $-0.01 | +0.0% | $764130 | -4.5% |
| Sep 22, 2023 | $-0.02 | $-0.01 | +50.0% | $721862 | -34.4% |
| May 12, 2023 | $-0.01 | $-0.02 | -33.3% | $629010 | +4.8% |
NEOV insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 12, 2026 | Hass John Adirector | Buy | 25,000 | $1.92 |
| Jun 2, 2026 | Bond Stevedirector, officer: Executive Vice President | Buy | 43,000 | $1.99 |
| May 20, 2026 | Bond Stevedirector, officer: Executive Vice President | Buy | 47,000 | $2.09 |
| May 19, 2026 | Nealis Jingofficer: Chief Financial Officer | Grant | 1,000,000 | — |
| May 19, 2026 | Nealis Jingofficer: Chief Financial Officer | Grant | 25,000 | — |
| Mar 23, 2026 | Ibrahim Amanyofficer: Chief Operating Officer | Option | 37,500 | — |
| Mar 23, 2026 | Enzendorfer Thomasofficer: Chief Technology Officer | Option | 37,500 | — |
| Feb 25, 2026 | Johnson Henry Ardesdirector, officer: CEO & President | Grant | 1,880,166 | $3.54 |
| Feb 25, 2026 | Bond Stevedirector, officer: Chief Financial Officer | Grant | 352,531 | $3.54 |
| Dec 5, 2025 | Ibrahim Amanyofficer: Chief Operating Officer | Grant | 450,000 | — |
| Dec 5, 2025 | Enzendorfer Thomasofficer: Chief Technology Officer | Grant | 450,000 | — |
| Oct 10, 2025 | Willson Brent10 percent owner | Sell | 500,000 | $0.01 |
| Feb 7, 2025 | Bond Stevedirector, officer: Chief Financial Officer | Grant | 240,000 | — |
| Jan 15, 2025 | Mendik Michaelofficer: Chief Operating Officer | Grant | 150,000 | — |
| Oct 22, 2024 | Amos James Fdirector | Grant | 36,609 | — |
Source: NEOV SEC Form 4 filings, latest Jun 12, 2026. For informational purposes only — not investment advice.
See the full NEOV insider & 13F page →NeoVolta Inc. company profile
Overview
NeoVolta Inc. (NASDAQ:NEOV) is a California-based energy storage company founded in 2018 and headquartered in Poway. The company went public in May 2020, entering the market during a period of growing interest in residential and commercial energy storage solutions. NeoVolta designs, manufactures, and sells battery-based energy storage systems primarily for the U.S. market, positioning itself within the rapidly expanding distributed energy storage sector that has gained momentum alongside solar energy adoption and grid modernization efforts.
Business
NeoVolta operates in the energy storage systems industry, which sits at the intersection of renewable energy and grid infrastructure. Energy storage systems are essentially large battery installations that store electrical energy for later use, serving as a bridge between when electricity is generated and when it's consumed. This technology has become increasingly important as more homes and businesses adopt solar panels, which generate electricity during daylight hours but may not align with peak energy usage times. The company's core products are the NV14 and NV24 energy storage systems. These systems combine lithium-ion batteries with power inverters - devices that convert stored direct current (DC) electricity into alternating current (AC) electricity that can be used by standard appliances and fed back into the electrical grid. The NV14 and NV24 differ primarily in their storage capacity, with the numbers likely referring to kilowatt-hour storage capabilities. These systems allow residential and commercial customers to store excess solar energy during the day, use stored power during peak rate periods when electricity is most expensive, and maintain power during grid outages. The energy storage market serves multiple purposes: it helps reduce electricity bills through time-of-use optimization, provides backup power during outages, and supports grid stability by reducing peak demand. NeoVolta targets both residential homeowners with solar installations and commercial properties seeking to reduce energy costs and improve energy independence.
Revenue model
NeoVolta generates revenue through direct product sales of its energy storage systems. The company employs a business-to-business distribution model, selling its NV14 and NV24 systems to certified solar installers and solar equipment distributors, who then install these systems for end customers. This approach allows NeoVolta to leverage existing solar installation networks rather than building direct consumer relationships. The company's revenue is primarily driven by unit sales volume and average selling prices of its energy storage systems. Key factors that could positively impact margins include economies of scale in manufacturing, declining battery costs (a major component expense), and premium pricing for advanced features or reliability. Conversely, margin pressures could arise from intense competition in the energy storage market, rising raw material costs for lithium-ion batteries, supply chain disruptions, and pricing pressure from larger competitors with greater manufacturing scale. The broader market dynamics also significantly influence demand. Favorable factors include federal and state incentives for energy storage adoption, rising electricity rates that make storage more economically attractive, increasing frequency of power outages that drive backup power demand, and growing solar installations that create natural pairing opportunities. However, the business faces headwinds from potential reduction in government incentives, economic downturns that reduce discretionary spending on home improvements, and rapid technological changes that could make current products obsolete.
Competitive moat
NeoVolta's competitive moat appears relatively narrow in the current market landscape. The energy storage industry is highly competitive with numerous established players including Tesla (Powerwall), Enphase Energy, SolarEdge, and LG Chem, many of whom have significantly greater resources, manufacturing scale, and brand recognition. The company's products appear to be largely commodity-like battery storage systems without substantial technological differentiation. The company's primary competitive advantages may include its focus on the U.S. market, relationships with solar installers and distributors, and potentially some product design optimizations. However, these advantages are not particularly durable or difficult to replicate. The energy storage market is characterized by rapid technological advancement, declining costs, and intense price competition, making it challenging for smaller players to maintain sustainable competitive advantages. Potential disruption could come from several sources: larger technology companies with deeper pockets expanding their energy storage offerings, breakthrough battery technologies that render current systems obsolete, direct-to-consumer sales models that bypass traditional distribution channels, and integrated solar-plus-storage solutions from major solar manufacturers. The company's small scale relative to industry leaders makes it vulnerable to being outcompeted on price, features, or market access.
Risks & safety
NeoVolta's margin of safety appears concerning given its current financial trajectory and market position. • Cash burn and solvency: The company is burning approximately $2 million annually in free cash flow with only $536,000 in cash as of Q3 2025, creating immediate liquidity concerns. Current ratio of 3.8x provides some near-term cushion, but the burn rate suggests potential funding needs within the next year. • Debt levels: Relatively low debt with debt-to-equity ratio of 0.47, which is manageable, though the company's negative equity returns make leverage concerning. • Valuation metrics: Trading at 19x price-to-book ratio despite consistent losses and negative ROE of -38%. Revenue has declined from $4.5M in FY2022 to $2.6M in FY2024, with continued weakness in recent quarters. • Other considerations: Negative EBITDA across all periods, declining revenue trend, and operating in a highly competitive market with limited differentiation suggest significant execution risk.
Recent development
Based on the available financial data, NeoVolta has experienced significant challenges over the past few years. The company's revenue peaked at approximately $4.5 million in fiscal year 2022 but has since declined to $2.6 million in fiscal year 2024, representing a concerning downward trend. Recent quarterly results show continued weakness, with Q3 2025 revenue of $2.0 million still below historical levels. The company has struggled with profitability throughout this period, posting consistent EBITDA losses ranging from $729,000 to $5.8 million annually. Cash flow from operations has remained negative across all reported periods, indicating fundamental challenges in the business model's execution. The company's cash position has deteriorated significantly, dropping from over $2 million in fiscal year 2023 to just $536,000 by Q3 2025. Without access to recent earnings call transcripts, specific strategic initiatives or product developments are not clearly visible in the financial data. However, the declining revenue trend suggests the company may be facing increased competition, market share losses, or broader challenges in the energy storage market adoption that have impacted its growth trajectory.
NEOV company profile · for informational purposes only — not investment advice.
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