NeoVolta (NEOV, Financial) has revealed that its estimated revenue for April 2025 is anticipated to exceed $2 million, marking a significant rise beyond the company's projected total for the first quarter of the same year. Initially, NeoVolta had forecasted that its unaudited first-quarter revenue would surpass $2 million, reflecting an over 600% increase compared to the previous year. The new April projections indicate a substantial boost in demand within key U.S. markets.
The CEO of NeoVolta, Ardes Johnson, highlighted the importance of this achievement, stating that the company’s growth path is in its early stages. Johnson emphasized that the company plans to maintain this momentum by entering new markets, expanding the installer network, and meeting the growing need for efficient and cost-effective energy storage solutions. With these strategic initiatives, NeoVolta aims to reach even greater milestones in the future.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for NeoVolta Inc (NEOV, Financial) is $7.50 with a high estimate of $7.50 and a low estimate of $7.50. The average target implies an upside of 178.81% from the current price of $2.69. More detailed estimate data can be found on the NeoVolta Inc (NEOV) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, NeoVolta Inc's (NEOV, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for NeoVolta Inc (NEOV, Financial) in one year is $1.32, suggesting a downside of 50.93% from the current price of $2.69. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the NeoVolta Inc (NEOV) Summary page.
