NeoVolta Q3 revenue flat on residential solar slowdown

NeoVolta

14/05/2026 21:41

Overview

U.S. energy storage firm's fiscal Q3 revenue was flat yr/yr at $2.0 mln

Company cited residential solar slowdown after federal tax credit expiration for flat revenue

Net loss widened on higher investment in infrastructure, R&D, and manufacturing ramp-up

Outlook

Company expects Georgia facility production ramp to begin in Q3 of calendar 2026

NeoVolta preparing to launch NVWAVE modular battery platform commercially

Management actively evaluating financing options to support joint venture obligations and growth

Result Drivers

RESIDENTIAL SOLAR SLOWDOWN - Co said flat revenue reflected a slowdown in the residential solar market after the federal solar investment tax credit for individuals expired at the end of 2025

HIGHER-MARGIN PRODUCT MIX - Co said gross margin improved due to a higher-margin product mix during the quarter

STRATEGIC INVESTMENT - Co said increased operating expenses and net loss reflected planned investment in commercial infrastructure, R&D for NVWAVE platform, and manufacturing ramp-up

Company press release: ID:nGNX29SLyW

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$2 mln
$3.41 mln (2 Analysts)
Q3 EPS
-$0.08


Analyst Coverage

The one available analyst rating on the shares is "hold"

The average consensus recommendation for the electrical components & equipment peer group is "buy."

Wall Street's median 12-month price target for NeoVolta Inc is $6.00, about 100.7% above its May 13 closing price of $2.99

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)