NeoVolta (NASDAQ:NEOVW) Stock Price Down 27.6% – Here’s Why

Shares of NeoVolta Inc. (NASDAQ:NEOVWGet Free Report) were down 27.6% on Friday . The company traded as low as $1.27 and last traded at $0.92. 123 shares were traded during trading, a decline of 97% from the average session volume of 4,218 shares. The stock had previously closed at $1.27.

NeoVolta Stock Down 27.6%

The company’s 50 day moving average price is $1.04 and its two-hundred day moving average price is $1.20.

About NeoVolta

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NeoVolta, Inc (NASDAQ: NEOVW) is a cleantech company headquartered in San Diego, California, specializing in integrated power electronics and energy management solutions for residential and light commercial applications. The company designs, manufactures and distributes advanced solar inverters, modular battery storage systems and smart electric vehicle (EV) charging stations. By combining hardware with proprietary cloud-based software, NeoVolta enables customers to optimize renewable energy use, manage peak demand and enhance grid resilience.

At the heart of NeoVolta’s offering is its scalable energy storage platform, which can be paired with new or existing solar photovoltaic (PV) arrays to provide backup power, load-shifting and demand-response functionality.

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