NeoVolta IncNASDAQ NEOV Stock Report

NeoVolta, Inc. engages in the designing, manufacturing, and sale of energy storage systems (ESS). The company is headquartered in Poway, California and currently employs 5 full-time employees. The company went IPO on 2019-10-21. The firm primarily markets and sells its products directly to its certified solar installers and solar equipment distributors. Its storage solutions are engineered with lithium iron phosphate (LiFe(PO4)) battery chemistry, which is clean, nontoxic, and non-flammable. Its products include NeoVolta NV14 and NV24. The NV14 is a complete ESS with 7,680-Watt 120 volts (V)/ 240V hybrid inverter, which produces 208 V commercial power with a 14.4 kilowatt-hour (kWh) lithium iron phosphate (LiFe (PO4)) battery system. Its NV24 has additional battery capability that raises NV14 energy storage from 14.4 KW to 24.0 KW. The NV14 is capable of storing and using inverted (AC) photovoltaic, non-inverted (DC) photovoltaic, or both AC and DC photovoltaic solar sources.