NeoVolta (NASDAQ:NEOV) Upgraded at Zacks Research

Zacks Research upgraded shares of NeoVolta (NASDAQ:NEOV) to a hold rating in a report published on Tuesday morning,Zacks.com reports.

Several other analysts have also recently issued reports on NEOV. Wall Street Zen cut NeoVolta from a “hold” rating to a “strong sell” rating in a research report on Saturday, February 21st. Weiss Ratings restated a “sell (e+)” rating on shares of NeoVolta in a research note on Thursday, January 22nd. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

NeoVolta Stock Down 2.1%

Shares of NeoVolta stock opened at $2.80 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.10 and a quick ratio of 1.60. The stock has a market cap of $119.59 million, a price-to-earnings ratio of -9.66 and a beta of -0.66. The firm’s 50-day moving average is $3.40 and its two-hundred day moving average is $3.92. NeoVolta has a 1 year low of $2.18 and a 1 year high of $7.13.

NeoVolta (NASDAQ:NEOV) last announced its quarterly earnings results on Friday, February 13th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.12). The business had revenue of $4.65 million during the quarter, compared to analysts’ expectations of $4.40 million. NeoVolta had a negative return on equity of 284.92% and a negative net margin of 54.71%. As a group, research analysts expect that NeoVolta will post -0.53 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NeoVolta

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Qube Research & Technologies Ltd acquired a new stake in NeoVolta in the third quarter worth about $48,000. Virtu Financial LLC acquired a new stake in NeoVolta in the 4th quarter worth approximately $49,000. Millennium Management LLC purchased a new stake in NeoVolta during the 3rd quarter worth approximately $53,000. Bank of America Corp DE grew its position in NeoVolta by 4,929.4% during the 3rd quarter. Bank of America Corp DE now owns 14,736 shares of the company’s stock worth $66,000 after purchasing an additional 14,443 shares during the last quarter. Finally, Truist Financial Corp purchased a new position in shares of NeoVolta in the fourth quarter worth $129,000. 5.11% of the stock is currently owned by hedge funds and other institutional investors.

Key NeoVolta News

Here are the key news stories impacting NeoVolta this week:

• Positive Sentiment: Sidoti raised its Q3 2028 estimate and materially boosted its FY2029 outlook (now projecting positive EPS for FY2029), signaling an expected multi‑year turnaround that could support higher forward valuation if execution follows. Sidoti raises Q3 2028 & FY2029 estimates
• Positive Sentiment: Sidoti’s updated model shows a path to profitability (FY2028 small positive and a stronger FY2029), which is constructive for long‑term investors betting on scaling and margin improvement. Sidoti projects multi‑year improvement
• Neutral Sentiment: Zacks Research upgraded NeoVolta to “hold,” a modestly positive rating change but not an outright buy thesis — this may temper selling but is unlikely to drive a strong immediate rally. Zacks upgrade to hold
• Negative Sentiment: Sidoti’s near‑term estimates still show multi‑quarter and multi‑year losses (FY2026 and FY2027 remain negative in their model), meaning the company faces execution and cash‑flow risk until revenue growth and margins improve. Investors focused on short‑term results may remain cautious. Sidoti near‑term negative EPS forecasts

NeoVolta Company Profile

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.