12 Month Price Forecast For NEOV
Distance to NEOV Price Forecasts
NEOV Price Momentum
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Disclaimer: The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.
Data last updated: December 13, 2024 4:26 PM UTC
NEOV Analyst Ratings & Price Targets
Based on our analysis of 1 Wall Street analysts, NEOV has a consensus that is bullish. The median price target is $7.50, with forecasts ranging from $7.50 to $7.50. Currently, there are 1 Buy ratings, 0 Hold ratings, and 0 Sell ratings.
With NEOV currently trading at $4.57, the median price forecast suggests a 64.1% upside. The most optimistic forecast comes from Tate Sullivan at Maxim Group, projecting a 64.1% upside, while Tate Sullivan at Maxim Group provides the most conservative target, suggesting a 64.1% upside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
NEOV Analyst Consensus
NEOV Price Target Range
Latest NEOV Stock Forecasts by Analyst
These are the latest 20 analyst ratings and price targets for NEOV.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| Nov 13, 2024 | Maxim Group | Tate Sullivan | Buy | Maintains | $7.50 |
| Oct 1, 2024 | Maxim Group | Tate Sullivan | Buy | Maintains | $4.75 |
| Feb 15, 2023 | Maxim Group | Tate Sullivan | Buy | Maintains | $5.00 |
| Oct 14, 2022 | Maxim Group | Tate Sullivan | Buy | Initiates | $10.00 |
NeoVolta, Inc. (NEOV) Financial Data
NeoVolta, Inc. has a market capitalization of $167.81M with a P/E ratio of -65.0x. The company generates $2.47M in trailing twelve-month revenue with a -114.9% profit margin.
Revenue growth is -22.8% quarter-over-quarter, while maintaining an operating margin of -163.6% and return on equity of -56.7%.
Valuation Metrics
Growth & Margins
Financial Health
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NeoVolta, Inc. (NEOV) Company Overview
About NeoVolta, Inc.
Designs and sells energy storage systems.
The company generates revenue by designing, manufacturing, and selling energy storage systems, specifically targeting residential and commercial markets. NeoVolta Inc. markets its products through direct sales to certified solar installers and solar equipment distributors, creating a focused distribution channel.
Founded in 2018 and based in Poway, California, NeoVolta Inc. has established itself in the growing energy storage market, which is driven by increasing demand for renewable energy solutions and energy efficiency.
Company Information
Sector
Industrials
Industry
Electrical Equipment & Parts
Employees
10
CEO
Colonel Brent S. Willson
Country
United States
IPO Year
2020
Website
www.neovolta.comNeoVolta, Inc. (NEOV) Latest News & Analysis
NeoVolta $250M Loan Application Part One Approved by the U.S. Department of Energy Loan Program
1 month agoThe company is undergoing technical due diligence for a $250 million investment aimed at expanding its U.S. manufacturing operations.
The $250M investment for U.S. expansion signals growth potential and increased production capacity, likely boosting future revenue and market competitiveness.
/C O R R E C T I O N -- NeoVolta/
1 month agoNeoVolta (NASDAQ: NEOV) has received approval for phase one of its $250M loan application from the U.S. Department of Energy, moving forward to phase two technical due diligence.
NeoVolta's approval for a $250M loan signals strong government support and potential growth in manufacturing, likely boosting investor confidence and stock performance for NEOV.
NeoVolta, U.S. Department of Energy, and Barrio Eléctrico Celebrate Successful Installation of NeoVolta's NV24 Battery Storage Systems in Puerto Rico
1 month agoBarrio Eléctrico has completed its 100th installation, indicating ongoing market expansion for NeoVolta.
The milestone of 100 installations indicates strong growth and demand for NeoVolta's products, potentially leading to increased revenues and investor confidence in the company's market position.
NeoVolta Secures $1.4 Million Deal with National Renewable Energy Partners Expanding Dealer Network in Several New States
2 months agoNeoVolta Inc. (NASDAQ: NEOV) secured a $1.4 million deal with NREP, expanding its dealer network into Ohio, Texas, Connecticut, Indiana, and Pennsylvania, enhancing its residential energy market presence.
NeoVolta's $1.4 million deal expands its market presence, enhancing growth prospects in the residential energy sector, which could boost revenue and investor confidence.
NeoVolta Selected as Strategic Partner with Barrio Eléctrico for Growth in Puerto Rico as part of $21M Award
2 months agoNeoVolta Inc. (NASDAQ: NEOV) has partnered with Barrio Eléctrico to expand residential solar and energy storage in Puerto Rico, focusing on improving energy security.
NeoVolta's partnership for solar expansion in Puerto Rico signals growth potential and increased demand for energy storage solutions, likely boosting its market position and investor confidence.
NeoVolta Secures $5 Million Line of Credit, Strengthens Financial Position
3 months agoNeoVolta Inc. (NASDAQ: NEOV) secured a $5 million line of credit from National Energy Modelers, enhancing its working capital while preserving shareholder equity.
NeoVolta's $5 million line of credit enhances liquidity and operational flexibility, potentially boosting growth and stability, which can positively impact its stock performance.
Frequently Asked Questions About NEOV Stock
What is NeoVolta, Inc.'s (NEOV) stock forecast for 2025?
Based on our analysis of 1 Wall Street analysts, NeoVolta, Inc. (NEOV) has a median price target of $7.50. The highest price target is $7.50 and the lowest is $7.50.
Is NEOV stock a good investment in 2025?
According to current analyst ratings, NEOV has 1 Buy ratings, 0 Hold ratings, and 0 Sell ratings. The stock is currently trading at $4.57. Always conduct your own research and consider your investment goals before making investment decisions.
What is the price prediction for NEOV stock?
Wall Street analysts predict NEOV stock could reach $7.50 in the next 12 months. This represents a 64.1% increase from the current price of $4.57. Please note that this is a projection by Wall Street analysts and not a guarantee.
What is NeoVolta, Inc.'s business model?
The company generates revenue by designing, manufacturing, and selling energy storage systems, specifically targeting residential and commercial markets. NeoVolta Inc. markets its products through direct sales to certified solar installers and solar equipment distributors, creating a focused distribution channel.
What is the highest forecasted price for NEOV NeoVolta, Inc.?
The highest price target for NEOV is $7.50 from Tate Sullivan at Maxim Group, which represents a 64.1% increase from the current price of $4.57.
What is the lowest forecasted price for NEOV NeoVolta, Inc.?
The lowest price target for NEOV is $7.50 from Tate Sullivan at Maxim Group, which represents a 64.1% increase from the current price of $4.57.
What is the overall NEOV consensus from analysts for NeoVolta, Inc.?
The overall analyst consensus for NEOV is bullish. Out of 1 Wall Street analysts, 1 rate it as Buy, 0 as Hold, and 0 as Sell, with a median price target of $7.50.
How accurate are NEOV stock price projections?
Stock price projections, including those for NeoVolta, Inc., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
