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NeoVolta (NEOV) Shares Tumble 16% After Hours: Here’s Why

Benzinga Earnings09-24 13:54

NeoVolta Inc. (NASDAQ:NEOV) shares fell 16.09% to $2.66 in after-hours trading Wednesday after the company reported fourth-quarter and fiscal year 2026 financial results.

NeoVolta is a U.S.-based energy technology company focused on scalable energy storage solutions for residential, commercial and utility applications.

Fiscal Results

NeoVolta reported fiscal 2026 revenue of $13.3 million, up 58% from $8.4 million a year earlier. Fourth-quarter revenue was approximately $13,500, compared with $4.8 million in the fourth quarter of fiscal 2025.

The company reported a fiscal 2026 GAAP net loss of $21.5 million, or 55 cents per share, compared with a $5 million loss, or 15 cents per share, in fiscal 2025. Fourth-quarter net loss was $11.7 million, compared with $1.6 million a year earlier.

Adjusted EBITDA was negative $12.8 million for fiscal 2026, compared with negative $2.6 million in the previous fiscal year.

NeoVolta had $22.2 million in cash and cash equivalents and $3.2 million in restricted cash as of June 30, 2026.

Fiscal 2027 Outlook

NeoVolta said its Pendergrass, Georgia energy storage manufacturing facility is advancing through commissioning and production-ramp activities, with production ramp-up underway from the second quarter of fiscal 2027.

The company also highlighted its strategic collaboration with SK On, including an agreement for 9 GWh of U.S.-manufactured LFP battery cells from 2027 through 2031.

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Trading Metrics, Technical Analysis

NeoVolta has a market capitalization of approximately $174.05 million.

Over the past 12 months, NeoVolta shares fell 42.88%.

The stock has traded between a 52-week high of $7.13 and a 52-week low of $1.36.

Benzinga’s Edge Stock Rankings show a positive price trend across short-, medium- and long-term time frames.

Price Action: In the regular session, NeoVolta shares fell 5.65% to close at $3.17 on Wednesday.

See More: Top Quality Stocks

Photo: Who is Danny / Shutterstock

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