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NeoVolta posts smaller Q3 loss but misses revenue estimates amid solar market slowdown

Company Fundamentals
20 May 2026
Lekha Gupta
View Source
Bearish
pluang ai news

NeoVolta reported a Q3 loss per share of 8 cents, beating the expected loss of 12 cents, but revenue fell short at $2 million versus $3.41 million expected. The results were affected by a slowdown in the residential solar market after the U.S. solar tax credit expired at the end of 2025. Gross margin improved to about 46% from 26% a year earlier due to a higher-margin product mix. The company is expanding with a new manufacturing facility in Georgia, aiming for 2GWh production capacity starting in Q3 2026, and recently increased ownership in NeoVolta Power to 80%. CEO Ardes Johnson expressed confidence in future growth despite current challenges. Investors await the next earnings report on September 28, 2026, with expectations of a 10-cent loss per share and $4.05 million revenue.

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