$NEOV: A supply deal valued around $1.09 billion just landed for NeoVolta.
SK On will supply 9 GWh of LFP cells over five years starting 2027, with another 9 GWh possible later this year. The last 10-Q showed flat revenue and wider losses. The company also carries a $30M ATM program and up to 4.5M registered resale shares.
No analysts down here. Just us.
Source & full breakdown: Wiseek (link in bio)
Big news for little $NEOV NeoVolta (NEOV) signed a supply agreement with Korea's SK On for 9 GWh of LFP battery cells over five years, 2027 through 2031, valued around $1.09 billion (~1.5 trillion won), with an additional 9 GWh possible later. SK On will be the primary cell supplier to NeoVolta Power, producing the cells at its U.S. plant. The deal was announced by SK On on August 30; NeoVolta has not yet filed its own 8-K or issued a press release about it.
$NEOV
IM BACK X FAM. Here’s a cool one to keep eyes on
+23%
One of the more interesting small-cap energy storage names starting to get attention.
$NEOV isn’t just a residential battery company anymore. The story has shifted toward utility-scale BESS manufacturing, domestic energy infrastructure, and AI power demand.
NeoVolta is building a vertically integrated U.S. battery storage platform with its Georgia manufacturing JV, positioning itself to benefit from growing demand from utilities, renewable projects, and AI data centers.
Key numbers:
• Market cap only ~$94M-$116M
• TTM revenue ~$18.1M
• FY2025 revenue grew 219% YoY to $8.43M
• First 9 months FY2026 revenue reached $13.3M (+262% YoY)
• Gross margins improving, reaching ~46% in Q3 FY2026
• Cash position around $11.5M with low debt levels
• Needham recently initiated coverage with an $8 price target
The biggest catalyst here is BESS.
NeoVolta increased ownership of its Georgia manufacturing JV to 80% and is preparing for production ramp-up later this year.
The facility is expected to have approximately 2 GWh of initial annual production capacity with the ability to expand further as demand grows.
The headline deal investors are watching:
• $200M LOI with Infinite Grid Capital
• Approximately 1.1 GWh of battery storage deployments
• Projects planned across West Texas, Puerto Rico, and PJM markets
• Includes exposure to grid modernization and AI infrastructure power demand
While the agreement remains non-binding, it represents the company’s first major utility-scale supply relationship and validates demand ahead of the Georgia manufacturing launch.
Recent momentum also includes:
• New commercial & industrial BESS products
• Expansion beyond residential solar storage
• Recognition as 2026 Energy Storage Company of the Year
• Growing focus on FEOC-compliant U.S.-manufactured energy storage systems
The company remains unprofitable today, reporting a TTM net loss of roughly $11.5M as it invests heavily in manufacturing capacity, R&D, and commercial expansion.
But this is increasingly becoming a U.S. battery manufacturing and utility-scale energy storage story rather than simply a residential solar company.
With AI data centers driving massive power demand, grid operators requiring long-duration storage solutions, and domestic manufacturing becoming a national priority, $NEOV sits at the intersection of several powerful themes.
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