NeoVolta Inc.

NEOV Nasdaq Industrials · Miscellaneous Electrical Machinery, Equipment & Supplies Poway, CA neovolta.com
$2.90
Mkt Cap 171.1M

Designer and manufacturer of lithium iron phosphate battery energy storage systems and hybrid inverters for residential and commercial backup power, sold through solar installers and distributors.

From the annual report

NeoVolta Inc. ( NeoVolta , we or the Company ) is a rapidly-growing U.S.-based energy technology company delivering scalable energy storage solutions. We are presently transitioning from being a storage manufacturer into an integrated energy solutions leader. Since our founding in 2018 solely as a manufacturer of high-performance energy storage systems for residential and small commercial applications, we have evolved into a more diversified storage technology company. Currently, our strategy is centered around building a multi-market energy solutions platform serving customer markets in the following three areas: Residential - Our legacy energy storage business Commercial & Industrial ( C&I ) - A logical extension from our legacy business Utility-Scale - Our new energy storage initiative Since April 2024, we have adopted a growth strategy which is designed to be focused around our customer base and structured to expand our market penetration, diversify revenue channels, and accelerate product development on a scalable basis. This strategy rests on three primary objectives: (i) expanding revenue through strategic sales channel development, (ii) broadening financing options through partnerships, and (iii) initiating development of next-generation storage solutions. We have provided a more in-depth discussion below regarding our Residential, Commercial & Industrial, and Utility-Scale customer products and markets. Residential Market Presently, we are best known for our high-performance energy storage systems ( ESS ) for residential and small commercial applications.

—
/100 Overall
Calculating score…
Running full analysis
📊 Key Metrics
Loading full analysis…
REVENUE TTM
$13.3M
Running full 6-factor analysis…