NeoVolta

NEOV

Electrical Equipment & Parts · Industrials

Price

$3.34

-0.10 (-2.91%)

Market Cap

$183.4M

Exchange

NASDAQ

Winston Score

Winston is worried

Below-average fundamentals — multiple weak pillars.

Data as of Aug 23, 2026 · filings through Mar 31, 2026

How the score breaks down

Quality

Weak

Growth

Mixed

Cash Flow

Weak

Stability

Good

Valuation

Data not available

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Share count rising — dilution

+87.8% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 17.9M (2021) → 33.6M (2025)

Winston Score History

The full picture

NeoVolta is a small American company that makes home battery storage systems. Its main product is the NV14, a rechargeable battery that homeowners connect to solar panels to store energy for later use. The company sells directly to residential customers in the United States, primarily in states with high electricity costs or frequent outages like California.

NeoVolta earns money by selling its battery hardware to homeowners, typically through a network of solar installers and dealers. The company is very small, with a market cap around $100 million, and operates only in the U.S. residential market. It competes against much larger rivals like Tesla's Powerwall and Enphase, which have stronger brand recognition, larger dealer networks, and more resources — a significant competitive disadvantage. The key risk is that NeoVolta is currently losing money, spending far more than it earns, and must grow sales quickly or find additional funding to remain viable.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+0.5% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

-74.9% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$157,305/ year

↑ Rising (+721% vs prior year)

1.9% of revenue

Below sector average (4%)

R&D investment increasing — building for the future

Insider Activity

20.9%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~8 months

$11M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Short runway — potential dilution ahead through share issuance

Cash watch

NeoVolta has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

39.5%

Modest — 39.5% gross margin

Profit after running costs

Operating Margin

-129.7%

Losing money on operations — -129.7%

Return on the money invested

ROCE

-41.0%

Weak — -41.0% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

+324.7%

Fast-growing sales (+324.7% YoY)

Profit growth

EPS YoY

N/A

—

Data not available

How steady the profit is

EPS Consistency

0/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

—

Data not available

Spare cash per sale

FCF Margin

-55.8%

Burning cash (-55.8%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns

Debt / Equity

0.03

Conservative — low debt load (0.03)

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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