Sidoti Has Optimistic Outlook of NeoVolta Q3 Earnings

NeoVolta, Inc. (NASDAQ:NEOV) – Sidoti lifted their Q3 2028 EPS estimates for NeoVolta in a research report issued on Wednesday, April 22nd. Sidoti analyst S. Ferazani now anticipates that the company will earn $0.05 per share for the quarter, up from their previous estimate of $0.02. The consensus estimate for NeoVolta’s current full-year earnings is ($0.53) per share. Sidoti also issued estimates for NeoVolta’s FY2029 earnings at $0.55 EPS.

A number of other brokerages have also weighed in on NEOV. Wall Street Zen lowered shares of NeoVolta from a “hold” rating to a “strong sell” rating in a research report on Saturday, February 21st. Zacks Research raised shares of NeoVolta to a “hold” rating in a report on Tuesday. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of NeoVolta in a report on Thursday, January 22nd. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

NeoVolta Price Performance

NeoVolta stock opened at $2.80 on Thursday. NeoVolta has a 12 month low of $2.18 and a 12 month high of $7.13. The company has a current ratio of 2.10, a quick ratio of 1.60 and a debt-to-equity ratio of 0.13. The business’s 50 day simple moving average is $3.40 and its 200 day simple moving average is $3.92. The company has a market cap of $119.59 million, a price-to-earnings ratio of -9.66 and a beta of -0.66.

NeoVolta (NASDAQ:NEOV) last posted 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). NeoVolta had a negative net margin of 54.71% and a negative return on equity of 284.92%. The company had revenue of $4.65 million for the quarter, compared to the consensus estimate of $4.40 million.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Legacy Wealth Managment LLC ID grew its holdings in shares of NeoVolta by 3.1% in the fourth 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. grew its holdings in shares of NeoVolta by 11.5% in the third 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 holdings in shares of NeoVolta by 97.1% in the fourth quarter. Sovran Advisors LLC now owns 457,687 shares of the company’s stock worth $1,391,000 after purchasing an additional 225,516 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of NeoVolta by 2.9% in 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 last quarter. Finally, 683 Capital Management LLC bought a new position in shares of NeoVolta in the fourth quarter worth approximately $589,000. Institutional investors own 5.11% of the company’s stock.

Key Stories Impacting NeoVolta

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.