NeoVolta (NEOV)
Market Price (12/4/2025): $4.24 | Market Cap: $144.7 MilSector: Industrials | Industry: Electrical Components & Equipment
NeoVolta (NEOV)
Market Price (12/4/2025): $4.24Market Cap: $144.7 MilSector: IndustrialsIndustry: Electrical Components & Equipment
Investment Highlights
Why It Matters
Which of these 2 stories sounds closer for this stock?
1. Generates cash flow
The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.
2. Riding a trend
Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 219% | Weak multi-year price returns3Y Excs Rtn is -59% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -4.7 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -56% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -37% | Expensive valuation multiplesP/SPrice/Sales ratio is 18x | |
| Megatrend and thematic driversMegatrends include Renewable Energy Transition, Sustainable Infrastructure, and Smart Grids & Grid Modernization. Themes include Battery Storage & Grid Modernization, Show more. | Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -53%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -53% | |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -7.5% | ||
| High stock price volatilityVol 12M is 100% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 219% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -37% |
| Megatrend and thematic driversMegatrends include Renewable Energy Transition, Sustainable Infrastructure, and Smart Grids & Grid Modernization. Themes include Battery Storage & Grid Modernization, Show more. |
| Weak multi-year price returns3Y Excs Rtn is -59% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -4.7 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -56% |
| Expensive valuation multiplesP/SPrice/Sales ratio is 18x |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -53%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -53% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -7.5% |
| High stock price volatilityVol 12M is 100% |
Valuation, Metrics & Events
NEOV Stock
Why The Stock Moved
Qualitative Assessment
AI Generated Analysis | Feedback
Here are five key points explaining NeoVolta's (NEOV) stock movement from August 31, 2025, to December 4, 2025:
**1. Strong Fiscal Year 2025 Revenue Growth:** NeoVolta reported fiscal year 2025 revenues of $8.4 million on September 30, 2025, marking a 219% increase from the previous year. Fourth-quarter revenue alone reached $4.8 million, showing a 720% year-over-year increase and 135% sequential growth from Q3 2025.
**2. Expansion into Commercial & Industrial Markets with New Products:** At RE+ 2025 (September 2025), NeoVolta unveiled its new 250kW/430kWh Commercial & Industrial battery energy storage system (BESS), with availability starting in calendar Q4 2025. The company also introduced the NV16kW AC hybrid inverter, expanding its product roadmap beyond residential solutions.
**3. Strategic Acquisition to Mitigate Tariffs and Expand Offerings:** NeoVolta signed a letter of intent to acquire strategic assets of Neubau Energy in September 2025, with the acquisition closing on October 15, 2025. This move was aimed at mitigating the effect of anticipated 2026 import tariffs and launching the neuClick™ modular battery platform.
**4. Positive Q1 Fiscal Year 2026 Revenue Expectations:** On November 9, 2025, NeoVolta reported its Q1 Fiscal Year 2026 results, with revenue expected to surpass $6.5 million. This anticipated growth represents over 1,000% year-over-year.
**5. Widening Net Losses in Fiscal Year 2025:** Despite significant revenue growth, NeoVolta reported a widening net loss of $5.0 million, or $(0.15) per basic share, for fiscal year 2025, compared to a loss of $2.3 million in the prior year. This increase in losses was attributed to higher personnel and marketing costs as the company scaled operations and expanded its product lineup.
Stock Movement Drivers
Return vs. Risk
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| NEOV Return | - | - | - | -43% | 226% | -26% | 38% |
| Peers Return | 19% | 25% | -5% | 97% | 74% | 25% | 504% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 16% | 112% |
Monthly Win Rates [3] | |||||||
| NEOV Win Rate | - | - | 20% | 33% | 58% | 50% | |
| Peers Win Rate | 55% | 65% | 40% | 65% | 63% | 66% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 70% | |
Max Drawdowns [4] | |||||||
| NEOV Max Drawdown | - | - | - | -53% | -57% | -64% | |
| Peers Max Drawdown | -49% | -8% | -35% | -8% | -7% | -28% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: POWL, ETN, EMR, VRT, AME.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/3/2025 (YTD)
How Low Can It Go
| Event | NEOV | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -75.7% | -25.4% |
| % Gain to Breakeven | 312.2% | 34.1% |
| Time to Breakeven | 569 days | 464 days |
Compare to POWL, ETN, EMR, VRT, AME
In The Past
NeoVolta's stock fell -75.7% during the 2022 Inflation Shock from a high on 9/15/2022. A -75.7% loss requires a 312.2% gain to breakeven.
Preserve Wealth
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Asset Allocation
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Latest Trefis Analyses
| Title | Topic | |
|---|---|---|
| DASHBOARDS | ||
| Would You Still Hold NeoVolta Stock If It Fell Another 30%? | Return |
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select past ideas related to NEOV. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | CNM | Core & Main | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 7.3% | 7.3% | -1.6% |
| 11212025 | VRRM | Verra Mobility | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 2.3% | 2.3% | -1.2% |
| 11212025 | LII | Lennox International | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 4.8% | 4.8% | 0.0% |
| 11212025 | ADP | Automatic Data Processing | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 1.6% | 1.6% | -1.2% |
| 11212025 | CW | Curtiss-Wright | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 2.2% | 2.2% | 0.0% |
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | CNM | Core & Main | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 7.3% | 7.3% | -1.6% |
| 11212025 | VRRM | Verra Mobility | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 2.3% | 2.3% | -1.2% |
| 11212025 | LII | Lennox International | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 4.8% | 4.8% | 0.0% |
| 11212025 | ADP | Automatic Data Processing | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 1.6% | 1.6% | -1.2% |
| 11212025 | CW | Curtiss-Wright | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 2.2% | 2.2% | 0.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for NeoVolta
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 189.05 |
| Mkt Cap | 57.2 |
| Rev LTM | 8,430 |
| Op Inc LTM | 1,811 |
| FCF LTM | 1,504 |
| FCF 3Y Avg | 1,303 |
| CFO LTM | 1,664 |
| CFO 3Y Avg | 1,450 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 11.3% |
| Rev Chg 3Y Avg | 23.1% |
| Rev Chg Q | 10.5% |
| QoQ Delta Rev Chg LTM | 2.6% |
| Op Mgn LTM | 18.9% |
| Op Mgn 3Y Avg | 16.4% |
| QoQ Delta Op Mgn LTM | 0.4% |
| CFO/Rev LTM | 15.7% |
| CFO/Rev 3Y Avg | 15.2% |
| FCF/Rev LTM | 13.3% |
| FCF/Rev 3Y Avg | 12.6% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 57.2 |
| P/S | 5.7 |
| P/EBIT | 23.4 |
| P/E | 28.9 |
| P/CFO | 24.9 |
| Total Yield | 3.5% |
| Dividend Yield | 0.3% |
| FCF Yield 3Y Avg | 3.2% |
| D/E | 0.1 |
| Net D/E | 0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -7.5% |
| 3M Rtn | 12.4% |
| 6M Rtn | 23.6% |
| 12M Rtn | 3.0% |
| 3Y Rtn | 81.1% |
| 1M Excs Rtn | -7.5% |
| 3M Excs Rtn | 7.0% |
| 6M Excs Rtn | 8.8% |
| 12M Excs Rtn | -10.2% |
| 3Y Excs Rtn | 10.9% |
Returns Analyses
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 6302025 | 9292025 | 10-K 6/30/2025 |
| 3312025 | 5092025 | 10-Q 3/31/2025 |
| 12312024 | 2072025 | 10-Q 12/31/2024 |
| 9302024 | 11082024 | 10-Q 9/30/2024 |
| 6302024 | 9272024 | 10-K 6/30/2024 |
| 3312024 | 5102024 | 10-Q 3/31/2024 |
| 12312023 | 2092024 | 10-Q 12/31/2023 |
| 9302023 | 11132023 | 10-Q 9/30/2023 |
| 6302023 | 9222023 | 10-K 6/30/2023 |
| 3312023 | 5122023 | 10-Q 3/31/2023 |
| 12312022 | 2102023 | 10-Q 12/31/2022 |
| 9302022 | 11102022 | 10-Q 9/30/2022 |
| 6302022 | 9272022 | 10-K 6/30/2022 |
External Quote Links
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| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |