Lake Street Reiterates Buy Rating for NeoVolta Inc.
Analyst Rob Brown from Lake Street maintains a buy rating for NeoVolta Inc., setting a target price of $11, a 321.46% upside from the current price.
Key Points
- Lake Street reiterated its buy rating for NeoVolta Inc. with a price target of $11, as announced on June 26, 2026.
- Lake Street's $11 price target implies 321.46% upside from NeoVolta Inc.'s ($NEOV) current $2.61 share price.
- NeoVolta's stock traded at $2.18 on Friday, with a 52-week range between $1.36 and $7.13.
- Insiders have been buying shares recently, including CFO Jing Nealis acquiring 1,025,000 shares in May 2026.
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Lake Street has reiterated its buy rating for NeoVolta Inc. (NasdaqCM: NEOV), setting a price target of $11. This update was provided by analyst Rob Brown on June 26, 2026. Shares of NeoVolta were trading at $2.18 on Friday.
Other Institutional Activity in NeoVolta
Several institutional investors have made moves in NeoVolta. Legacy Wealth Management, LLC reduced its holdings by 344,059 shares, leaving it with 5,325,024 shares valued at about $16.4 million, a 6.1% decrease. Meanwhile, Vanguard Capital Management LLC opened a new position with 1,685,921 shares, worth approximately $5.2 million. BlackRock, Inc. increased its stake by 56,469 shares, totaling 491,016 shares valued at $1.5 million, marking a 13.0% increase. Geode Capital Management, LLC also grew its holdings by 41,471 shares, ending with 371,218 shares valued at about $1.1 million, a 12.6% rise.
NeoVolta Inc. Stock Down 21.9%
Shares of NeoVolta, traded on the NasdaqCM under the ticker NEOV, were priced at $2.18 on Friday. The company has a market capitalization of approximately $104.9 million. NeoVolta's stock has a 52-week low of $1.36 and a high of $7.13. The 50-day moving average stands at $2.43, while the 200-day moving average is $3.68. The company has a forward P/E ratio of -23.875 and a beta of -0.466, indicating low volatility compared to the market. NeoVolta's current ratio is 8.099, with a quick ratio of 6.416 and a debt-to-equity ratio of 6.544.
$NEOV price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
NeoVolta reported revenue of $18.1 million, showing a slight growth of 0.5%. However, the company posted a net margin of -63.4% and a return on equity of -88.1%, reflecting ongoing financial challenges. The next earnings report is anticipated on May 14, 2026.
Insider Buying and Selling at NeoVolta Inc.
Insider activity at NeoVolta has been active, with several key executives purchasing shares. On June 11, 2026, John Hass bought 25,000 shares at an average price of $1.92. Executive Vice President Steve Bond acquired 43,000 shares at $1.99 on June 1 and another 47,000 shares at $2.09 on May 19. CFO Jing Nealis made a significant purchase of 1,025,000 shares on May 18, 2026.
Analysts Set New Price Targets
On June 26, 2026, Lake Street reiterated its buy rating for NeoVolta with a target price of $11. Earlier, on June 17, 2026, Needham initiated coverage with a buy rating and an $8 target. The consensus among analysts is a buy rating, with an average target price of $6.5 based on two analyst opinions.
About NeoVolta
NeoVolta Inc. designs and sells energy storage systems like NV14 and NV24, which store energy through batteries and inverters for residential and commercial use. Founded in 2018, the company is headquartered in Poway, California, and led by CEO Henry Ardes Johnson. With 17 employees, NeoVolta markets its products to certified solar installers and distributors across the United States.
Bottom Line
Lake Street's reiterated buy rating for NeoVolta, with an $11 target, highlights ongoing interest in the company's potential. Investors track 13F filings and analyst ratings to gauge institutional confidence and market sentiment. As a reminder, these filings are backward-looking and may not reflect the current position.
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