Maxim Group Cuts NeoVolta (NASDAQ:NEOV) Price Target to $8.00

NeoVolta (NASDAQ:NEOVGet Rating) had its price target reduced by Maxim Group from $10.00 to $8.00 in a research report report published on Thursday, The Fly reports.

NeoVolta Stock Performance

NEOV opened at $2.65 on Thursday. NeoVolta has a fifty-two week low of $2.49 and a fifty-two week high of $7.19. The company’s fifty day moving average price is $3.50.

Institutional Trading of NeoVolta

Several hedge funds have recently bought and sold shares of NEOV. Vanguard Group Inc. purchased a new stake in NeoVolta in the 3rd quarter worth $1,837,000. BlackRock Inc. purchased a new stake in NeoVolta in the 3rd quarter worth $1,475,000. Cambridge Investment Research Advisors Inc. purchased a new stake in NeoVolta in the 3rd quarter worth $278,000. AE Wealth Management LLC purchased a new stake in NeoVolta in the 3rd quarter worth $271,000. Finally, Gofen & Glossberg LLC IL purchased a new stake in NeoVolta in the 3rd quarter worth $101,000. Hedge funds and other institutional investors own 3.41% of the company’s stock.

NeoVolta Company Profile

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NeoVolta Inc designs, manufactures, and sells energy storage systems in the United States. It provides NV14 and NV 24 energy storage systems, which stores and uses energy through batteries and an inverter at residential or commercial sites. The company markets and sells its products directly to certified solar installers and solar equipment distributors.

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