NeoVolta (NEOV)

• Market cap: $90.1M
• Sector: Industrials
• Industry: Miscellaneous Electrical Machinery, Equipment & Supplies

About: NeoVolta Inc is engaged in designing, manufacturing and sale of high end Energy Storage System which can store and use solar energy via batteries and an inverter at a residential site. Its market place includes solar industry, installers, new construction homebuilders, home remodelers and homeowners.

Employees: 10

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

115% more capital invested

Capital invested by funds: $1.95M [Q1] → $4.18M (+$2.23M) [Q2]

33% more repeat investments, than reductions

Existing positions increased: 4 | Existing positions reduced: 3

0.2% less ownership

Funds ownership: 4.96% [Q1] → 4.76% (-0.2%) [Q2]

7% less funds holding

Funds holding: 15 [Q1] → 14 (-1) [Q2]

33% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 3

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $4.75 75% upside
• Avg. target: $4.75 75% upside
• High target: $4.75 75% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Maxim Group Tate Sullivan 50% 1-year accuracy 6 / 12 met price target

75% upside $4.75

Buy Maintained

1 Oct 2024