NeoVolta (NEOV) vs. The Competition Critical Analysis

NeoVolta (NASDAQ:NEOV) is one of 218 publicly-traded companies in the “Electrical Equipment” industry, but how does it compare to its peers? We will compare NeoVolta to related businesses based on the strength of its institutional ownership, valuation, profitability, earnings, analyst recommendations, dividends and risk.

Profitability

This table compares NeoVolta and its peers’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
NeoVolta	-161.10%	-124.51%	-87.64%
NeoVolta Competitors	-372.62%	-44.70%	-7.06%

Institutional and Insider Ownership

5.1% of NeoVolta shares are held by institutional investors. Comparatively, 37.4% of shares of all “Electrical Equipment” companies are held by institutional investors. 4.0% of NeoVolta shares are held by company insiders. Comparatively, 14.9% of shares of all “Electrical Equipment” companies are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.

Earnings and Valuation

This table compares NeoVolta and its peers revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
NeoVolta	$13.33 million	-$21.47 million	-5.63
NeoVolta Competitors	$2.47 billion	$148.77 million	20.51

NeoVolta’s peers have higher revenue and earnings than NeoVolta. NeoVolta is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Analyst Ratings

This is a summary of recent ratings and price targets for NeoVolta and its peers, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
NeoVolta	1	1	4	0	2.50
NeoVolta Competitors	2312	5196	7247	440	2.38

NeoVolta currently has a consensus price target of $9.50, suggesting a potential upside of 224.23%. As a group, “Electrical Equipment” companies have a potential upside of 44.07%. Given NeoVolta’s stronger consensus rating and higher possible upside, research analysts plainly believe NeoVolta is more favorable than its peers.

Risk and Volatility

NeoVolta has a beta of -0.71, suggesting that its share price is 171% less volatile than the S&P 500. Comparatively, NeoVolta’s peers have a beta of -20.13, suggesting that their average share price is 2,113% less volatile than the S&P 500.

Summary

NeoVolta peers beat NeoVolta on 8 of the 13 factors compared.

About NeoVolta

NeoVolta, Inc. is a clean-energy technology company that develops and supplies battery-based energy storage systems. Its products are designed to store electricity generated by solar panels or drawn from the electric grid, helping residential customers use more of their own solar power, manage electricity consumption and maintain backup power during outages. The company’s product portfolio includes modular residential energy storage systems, battery units and related power-management equipment. NeoVolta’s systems are intended to be installed alongside new or existing solar photovoltaic systems and can be expanded to provide additional storage capacity as a customer’s energy needs change.