NeoVolta Inc. designs, manufactures, and sells energy storage systems in the United States. It offers NV14 and NV 24 energy storage systems to store and use energy through batteries and an inverter at residential or commercial sites. The company markets and sells its products directly to certified solar installers and solar equipment distributors. NeoVolta Inc. was founded in 2018 and is headquartered in Poway, California.
IPO Year:
Exchange: NASDAQ
Website: https://www.neovolta.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/14/2022 | $10.00 | Buy | Maxim Group |
Maxim Group initiated coverage of NeoVolta with a rating of Buy and set a new price target of $10.00
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SAN DIEGO, Jan. 7, 2025 /PRNewswire/ -- NeoVolta Inc. (NASDAQ:NEOV) ("NeoVolta"), a leading innovator in energy storage solutions, is pleased to announce the appointment of Michael Mendik, PhD, MBA, as its new Chief Operating Officer (COO). With a distinguished career spanning over two decades in international business management, strategy, and development, Michael brings a wealth of experience and a proven track record of driving profitability and growth in the renewable energy sector. Michael Mendik joins NeoVolta from GoodWe, where he served as Country Manager/General Manag
SAN DIEGO, Dec. 11, 2024 (GLOBE NEWSWIRE) -- NeoVolta Inc. (NASDAQ:NEOV) ("NeoVolta"), a leading innovator in energy storage solutions, is excited to announce the execution of a non-binding letter of intent ("LOI") with Expion360 Inc. (NASDAQ:XPON) ("Expion360"), a renowned expert in battery design and engineering, and an industry leader in lithium-ion battery power storage solutions. The LOI provides the framework for a potential collaboration that aims to leverage the parties' shared resources to engineer a state-of-the-art battery manufacturing facility and develop innovative lithium-ion battery cell and module product designs, marking a significant milestone in the production of Ameri
In the news release, NeoVolta $250M Loan Application Part One Approved by the U.S. Department of Energy Loan Program, issued Nov. 13, 2024 by NeoVolta over PR Newswire, we are advised by the company that the NeoVolta ticker symbol (NASDAQ:NEOV) should have been included after NeoVolta in the first sentence, first paragraph, and was omitted inadvertently. The complete, corrected release follows: NeoVolta $250M Loan Application Part One Approved by the U.S. Department of Energy Loan Program Company Enters Technical Due Diligence for $250M to Expand U.S. Manufacturing SAN DIEGO, Nov. 13, 2024 /PRNewswire/ -- NeoVolta (NASDAQ:NEOV), a leading innovator in energy storage solutions, announced t
SAN DIEGO, Nov. 13, 2024 (GLOBE NEWSWIRE) -- (NASDAQ:NEOV), NeoVolta Inc., a leading innovator in energy storage solutions, announced today that it has completed phase one of its loan application for $250M from the U.S. Department of Energy (DOE) Title 17 Loan Program (LPO) and has been approved to proceed with phase two technical due diligence. To meet domestic content requirements for commercial grade Battery Electric Storage Systems (BESS) and other components, the company will establish a state-of-the-art manufacturing facility that can accommodate more than 150 high-paid employees. Additionally, NeoVolta will establish regional deployment and support centers to meet growing demand
SAN DIEGO, Oct. 29, 2024 (GLOBE NEWSWIRE) -- (NASDAQ:NEOV), NeoVolta Inc., a leading innovator in energy storage solutions, in partnership with Barrio Eléctrico, a Puerto Rico-based nonprofit organization, proudly executed the first installation of the NeoVolta NV24 battery storage systems in Puerto Rico. This milestone marks Barrio Eléctrico's 100th installation and fourth installation under the U.S. Department of Energy's (DOE) Puerto Rico Energy Resilience Fund, underscoring the impactful collaboration aimed at providing reliable and sustainable energy solutions to Puerto Rican families. NeoVolta's CEO and team were on-site to ensure a smooth and successful installation, demonst
SAN DIEGO, Oct. 02, 2024 (GLOBE NEWSWIRE) -- (NASDAQ:NEOV), NeoVolta Inc., a leading provider of advanced energy storage solutions, is pleased to announce a $1.4 million dollar deal with National Renewable Energy Partners (NREP). This purchase order expands NeoVolta's dealer network into several new states including Ohio, Texas, Connecticut, Indiana, and Pennsylvania, capitalizing on emerging opportunities in the residential energy sector. This purchase order for 150 NV14s highlights the growing demand for energy storage across the U.S. As states focus on enhancing grid resilience, they are increasingly turning to local storage solutions to ease grid strain. In California, regulatory ch
SAN DIEGO, Sept. 17, 2024 (GLOBE NEWSWIRE) -- (NASDAQ:NEOV), NeoVolta Inc., a leading provider of advanced energy storage solutions, has been selected as a strategic partner with Barrio Eléctrico for a significant expansion of residential solar and energy storage aimed at enhancing energy security in Puerto Rico. This initiative will see NeoVolta systems installed in up to 1,000 homes, with the first shipments starting this month. Empowering Puerto Rico's Energy FutureBarrio Eléctrico, a non-profit organization dedicated to building reliable and affordable power for all communities in Puerto Rico, received $21 million from the Department of Energy to provide resilient and clean energy to
SAN DIEGO, Sept. 04, 2024 (GLOBE NEWSWIRE) -- (NASDAQ:NEOV), NeoVolta Inc., a leader in solar energy storage solutions, is pleased to announce the successful securing of a $5 million Line of Credit (LOC) from National Energy Modelers, Inc. This strategic financial arrangement is a significant milestone for NeoVolta, as it bolsters the company's working capital while preserving shareholder equity. The LOC is a pure debt financing agreement with no equity component. This allows NeoVolta to advance its short-term objectives and capitalize on emerging opportunities in the residential energy sector without the risk of equity dilution for its shareholders. "We are thrilled to secure this $5 mi
SAN DIEGO, Aug. 06, 2024 (GLOBE NEWSWIRE) -- (NASDAQ:NEOV), NeoVolta Inc., a leader in advanced energy storage solutions, announces significant expansions in their market reach through new approvals from both EnFin solar loans and Sungage Financial. EnFin Solar Loans Approval NeoVolta's NV14 and NV24 energy storage systems have been added to the Approved Vendor List (AVL) of EnFin solar loans. EnFin, a subsidiary of Qcells—a major manufacturer of residential solar panels in the United States—provides solar financing solutions for solar panels, batteries, and roofing. This addition aims to make solar energy more accessible to a broader audience, offering enhanced energy securi
SAN DIEGO, June 18, 2024 (GLOBE NEWSWIRE) -- NeoVolta Inc. (NASDAQ:NEOV), a leading innovator in advanced energy storage systems, today announced a compelling shareholder letter from newly appointed CEO Ardes Johnson. The letter outlines Johnson's strategic initiatives aimed at driving rapid growth and seizing opportunities in the residential and commercial energy storage markets. Recent Achievements under Ardes Johnson's Leadership: National Sales Team Formation: NeoVolta has successfully assembled a national sales team targeting key renewable energy distribution centers, ensuring a robust presence across the U.S.Strategic Partnerships Initiated: The company has begun collaboratio
SAN DIEGO, Jan. 7, 2025 /PRNewswire/ -- NeoVolta Inc. (NASDAQ:NEOV) ("NeoVolta"), a leading innovator in energy storage solutions, is pleased to announce the appointment of Michael Mendik, PhD, MBA, as its new Chief Operating Officer (COO). With a distinguished career spanning over two decades in international business management, strategy, and development, Michael brings a wealth of experience and a proven track record of driving profitability and growth in the renewable energy sector. Michael Mendik joins NeoVolta from GoodWe, where he served as Country Manager/General Manag
SAN DIEGO, Dec. 11, 2024 (GLOBE NEWSWIRE) -- NeoVolta Inc. (NASDAQ:NEOV) ("NeoVolta"), a leading innovator in energy storage solutions, is excited to announce the execution of a non-binding letter of intent ("LOI") with Expion360 Inc. (NASDAQ:XPON) ("Expion360"), a renowned expert in battery design and engineering, and an industry leader in lithium-ion battery power storage solutions. The LOI provides the framework for a potential collaboration that aims to leverage the parties' shared resources to engineer a state-of-the-art battery manufacturing facility and develop innovative lithium-ion battery cell and module product designs, marking a significant milestone in the production of Ameri
SAN DIEGO, April 24, 2024 (GLOBE NEWSWIRE) -- (NASDAQ:NEOV) – NeoVolta Inc., a San Diego-based leader in smart energy storage solutions, is thrilled to announce the appointment of Ardes Johnson as its new Chief Executive Officer. Mr. Johnson will officially assume his new role on April 29, 2024, bringing with him a wealth of experience and a proven track record of transformative leadership in the energy sector. His predecessor, Brent Willson, Founder and CEO of NeoVolta, will continue his role as Chairman of the Board and now serve as CTO. "Ardes' impressive track record in the energy sector, particularly his transformative role at Tesla, aligns perfectly with NeoVolta's mission to inno
The leader in EV charging expects 4,000 sockets to be operational in 2023 BRENTWOOD, Tenn., Dec. 22, 2022 /PRNewswire/ -- EOS Linx, an owner and operator of a growing national, solar-supported electric vehicle (EV) charging network committed to advancing an EV lifestyle-based solution through advanced edge technology and user-focused functionality, significantly increased its footprint in only its second year of operation, marking 2600% growth in 2022. Charging infrastructure is required to meet the increasing demand for EVs — nearly 10% of vehicles are estimated to be electric by 2030 — and EOS Linx has expanded its presence through a variety of measures to provide drivers and communities w
SAN DIEGO, March 26, 2024 (GLOBE NEWSWIRE) -- (NASDAQ:NEOV) – NeoVolta Inc., a San-Diego based leader in Smart Energy Storage Solutions, today announced that its partner, EOS Linx increased its EV deployments by 150% in 2023. "We are pleased to see our partnership with EOS Linx pay dividends as we expected," said Brent Willson, CEO at NeoVolta Inc. "While the NV-14 is known as providing safe and powerful energy storage for homes, we recognize the need to serve roadside charging networks to match the growing EV-driving audience." Tennessee-based EOS Linx has been making waves recently thanks to the high deployment rates of its EV charging network. EOS utilizes NeoVolta NV-14 technology i
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