Record Quarterly Sales Send Shares Of Energy Storage Company Higher

2025-03-27 11:30:00 ET

As climate change intensifies weather events worldwide, the electrical grid faces growing pressure to deliver reliable power. In response, consumers are turning to energy storage solutions. Benefiting from these tailwinds, a micro-cap company in the sector is seeing strong demand, reflected directly in its financial results.

Shares of NeoVolta Inc. (NASDAQ: NEOV) are on the move higher today on the announcement that the company anticipates record-breaking quarterly sales, with unaudited revenue expected to exceed $2 million for the first time in the company’s history — an increase of over 600% over the same period last year. NeoVolta is a U.S.-based energy technology company delivering scalable storage, for residential and commercial power infrastructure. According to the company, this significant milestone reflects the soaring demand for sustainable home energy solutions.

“We’re proud to project anticipated revenue exceeding $2 million this quarter,” said Ardes Johnson, Chief Executive Officer of NeoVolta. “This achievement underscores the strength of our product lineup, the dedication of our team, and a clear market shift toward reliable, cost-saving energy storage.”

NeoVolta expects to release its full financial results for the quarter in May 2025.

As mentioned, shares of NEOV are currently up 5.58% at $2.46 in mid-morning trading.

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