NeoVolta announces Q4 earnings per share of 5 cents, compared to a loss of 2 cents last year.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 30 2025
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Record Revenue Growth: NeoVolta reported Q4 revenue of $4.8M, a significant increase from $0.6M last year, with a 219% growth in fiscal 2025 compared to fiscal 2024.
Strategic Initiatives and Product Launches: The company is focused on expanding distribution, driving dealer growth, and enhancing product offerings, including the launch of a new battery energy storage system and hybrid inverter, while also exploring domestic battery manufacturing and software solutions.
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Analyst Views on NEOV
About NEOV
NeoVolta Inc. is an energy technology company delivering scalable storage for residential and commercial power infrastructure. Its products include NV WAVE, NV14 + NV24, NVPlus + NV7600, NV16 and C&I. It primarily markets and sells its products directly to its certified solar installers and solar equipment distributors. The NV Wave integrates a system controller with inverters, a BMU and battery modules with individual BMS's into one streamlined unit. The NeoVolta NV14 is a fully integrated hybrid inverter energy storage system. The NV24 is an expansion battery module designed to boost the energy storage capacity of the NV14 system from 14.4kWh to a total of 24.0kWh. The NeoVolta NV7600 is a compact 7.6 kW all-in-one hybrid inverter designed for both grid-tie and off-grid operation. Its neuClick system integrates battery, inverter, and communications within a compact, plug-and-play housing that can be installed by a single licensed electrician in less than 30 minutes.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Management Participation: NeoVolta's CEO Ardes Johnson and CFO Jing Nealis will participate in a virtual investor chat on June 30, 2026, hosted by Needham & Company, showcasing the company's leadership in energy storage solutions.
- Rating Upgrade: Needham & Company has recently initiated coverage of NeoVolta with a Buy rating, reflecting positive market expectations for the company's future growth potential, which may attract more investor interest.
- Technological Innovation: NeoVolta focuses on scalable energy storage technology aimed at providing high-performance power infrastructure for residential, commercial, and utility applications, supporting the transition to more resilient energy systems in line with current market demands.
- Strategic Partnerships: By emphasizing domestic manufacturing and strategic partnerships, the company enhances its competitiveness in the energy storage sector, which is expected to drive its market share growth in the rapidly evolving renewable energy landscape.
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- Compliance Milestone: NeoVolta has received a FEOC compliance opinion from a nationally recognized law firm, confirming that its Pendergrass, Georgia battery manufacturing facility meets applicable eligibility requirements, which will enhance the company's competitive edge in utility-scale procurement.
- Production Timeline: The company targets completion of Site Acceptance Testing (SAT) by the end of August 2026, with production ramp-up scheduled for Q3 2026, laying a solid foundation to meet the growing demand for energy storage solutions.
- Tax Incentive Potential: The FEOC compliance opinion supports the facility's potential eligibility for IRS advanced manufacturing and investment tax credits, including possible domestic content bonus treatment, which will further enhance the company's financial performance and market appeal.
- Enhanced Market Competitiveness: This compliance opinion removes a key diligence hurdle for customers evaluating initial procurement opportunities with NeoVolta Power, enabling the company to more effectively compete for high-value projects in the U.S. energy storage market.
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- NeoVolta Buy Rating: Needham initiates coverage on NeoVolta with a Buy rating and an $8 price target, indicating significant upside potential for the battery company, reflecting strong market demand for its products.
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- Strategic Cooperation: Infinite Grid Capital (IGC) has signed a Letter of Intent (LOI) with NeoVolta to procure approximately 1.1 GWh of battery energy storage products, covering multiple projects in Texas, Puerto Rico, and PJM, indicating IGC's proactive positioning in energy infrastructure investment.
- Production Timeline: NeoVolta's manufacturing facility in Pendergrass, Georgia, is on track to begin production in Q3 2026, and this LOI marks the first commercial collaboration associated with the facility, further deepening the strategic relationship between IGC and NeoVolta.
- Market Demand Surge: As U.S. demand for battery energy storage accelerates, IGC aims to mitigate supply chain risks by securing priority access to NeoVolta's output, ensuring compliance with domestic content incentives under the Inflation Reduction Act, thereby enhancing its competitiveness in AI-driven power infrastructure projects.
- Foundation for Long-Term Growth: IGC's CEO Frank Liu stated that this partnership establishes a solid foundation for the company's long-term growth and project deployment strategy in the U.S. market, emphasizing the importance of securing domestically manufactured battery supply to advance sustainable energy solutions.
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- Strategic Procurement Agreement: Infinite Grid Capital has signed a Letter of Intent with NeoVolta to procure approximately 1.1 GWh of utility-scale battery energy storage products, covering multiple projects in Texas, Puerto Rico, and PJM, which is expected to significantly enhance IGC's competitiveness in the battery storage market.
- Production Timeline Progress: NeoVolta's Pendergrass facility in Georgia is on track to begin production in Q3 2026, and this collaboration provides clear market demand, ensuring effective production planning and strengthening its market position in the battery storage sector.
- Supply Chain Risk Mitigation: By securing priority access to NeoVolta's manufacturing capacity, IGC can reduce supply chain risks and ensure eligibility for domestic content incentives under the Inflation Reduction Act, further driving its investments in AI-driven power infrastructure projects.
- Foundation for Long-term Growth: This LOI not only establishes a foundation for strategic collaboration between IGC and NeoVolta but also provides a framework for future commercial opportunities, demonstrating both parties' shared vision and market potential in the battery storage sector.
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- Strategic Procurement Agreement: IGC has signed a Letter of Intent with NeoVolta to procure approximately 1.1 GWh of battery energy storage products from its Georgia facility, covering multiple projects in Texas and Puerto Rico, with production expected to commence in Q3 2026, thereby enhancing IGC's competitive position in the U.S. market.
- Project Opportunities: The LOI identifies three projects, including a 400 MWh project in Texas, a 400 MWh project in Puerto Rico, and 300 MWh across PJM territory, which will directly advance IGC's energy infrastructure investment strategy.
- Supply Chain Risk Mitigation: By securing priority access to NeoVolta's battery supply, IGC can reduce supply chain risks and qualify for domestic content incentives under the Inflation Reduction Act, thus strengthening its position in the rapidly growing battery energy storage market.
- Long-Term Strategic Alignment: IGC's CEO Frank Liu stated that this partnership establishes a strong foundation for the company's long-term growth in the U.S. market, ensuring continuous investment capability in AI-driven power infrastructure and utility-scale energy storage projects.
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