Northland Securities Cuts Earnings Estimates for NeoVolta

by · The Markets Daily

NeoVolta, Inc. (NASDAQ:NEOV – Free Report) – Investment analysts at Northland Securities decreased their Q1 2027 earnings per share (EPS) estimates for NeoVolta in a report released on Thursday, September 24th. Northland Securities analyst T. Jackson now anticipates that the company will post earnings per share of ($0.12) for the quarter, down from their prior 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.

Several other brokerages have also recently commented on NEOV. UBS Group reaffirmed a “buy” rating on shares of NeoVolta in a research note on Tuesday, September 1st. Weiss Ratings reiterated a “sell (e+)” rating on shares of NeoVolta in a research note on Tuesday, September 22nd. Lake Street Capital initiated coverage on shares of NeoVolta in a report on Friday, June 26th. They issued a “buy” rating and a $11.00 price target for the company. Finally, Needham & Company LLC restated a “buy” rating and set a $8.00 price target on shares of NeoVolta in a research report on Thursday, September 24th. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $9.50.

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NeoVolta Stock Up 11.4%

NEOV stock opened at $2.54 on Monday. The stock has a 50-day simple moving average of $3.12 and a two-hundred day simple moving average of $2.85. NeoVolta has a twelve month low of $1.36 and a twelve month high of $7.13. The firm has a market capitalization of $149.89 million, a PE ratio of -4.88 and a beta of -0.87.

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

Institutional Investors Weigh In On NeoVolta

Several hedge funds have recently bought and sold shares of the stock. AWM Investment Company Inc. bought a new position in shares of NeoVolta in the 2nd quarter worth $5,184,000. Alyeska Investment Group L.P. bought a new stake in shares of NeoVolta during the 2nd quarter worth $4,882,000. BlackRock Inc. bought a new stake in shares of NeoVolta during the 2nd quarter worth $1,633,000. BIP Wealth LLC purchased a new position in NeoVolta in the second quarter worth $675,000. Finally, Bank of America Corp DE grew its position in NeoVolta by 131,579.3% in the first quarter. Bank of America Corp DE now owns 38,187 shares of the company’s stock worth $118,000 after acquiring an additional 38,158 shares in the last quarter. 5.11% of the stock is currently owned by institutional investors.

NeoVolta Company Profile

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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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