NeoVolta signs letter of intent to acquire Neubau Energy assets

SAN DIEGO - NeoVolta Inc. (NASDAQ:NEOV), a $142.64 million market cap energy storage company that has seen its stock surge 17.42% in the past week, announced Wednesday it has signed a letter of intent to acquire strategic assets of Neubau Energy, a move aimed at expanding its residential energy storage market presence while avoiding anticipated 2026 battery import tariffs. According to InvestingPro analysis, the company has demonstrated strong revenue growth of 52.64% over the last twelve months.

The companies are currently showcasing their integrated platform at the RE+ 2025 trade show, with NeoVolta’s sales team already taking orders for Neubau’s 30-minute installation systems under the NeoVolta brand. Want deeper insights? InvestingPro subscribers have access to 12 additional exclusive tips about NeoVolta’s market position and growth potential.

According to the press release statement, the planned acquisition would integrate Neubau’s technical team into NeoVolta’s leadership structure and provide access to Neubau’s Austrian manufacturing facility, which meets IRA requirements and could help mitigate the impact of potential 2026 battery tariffs that could exceed 28%.

"This transaction fundamentally transforms NeoVolta’s competitive position," said Ardes Johnson, Chief Executive Officer of NeoVolta.

The acquisition is expected to bring several operational advantages, including a reduction in typical deployment costs by 75% through sub-30-minute installation times, and the expansion of the installer base from specialized technicians to any licensed electrician. NeoVolta maintains a healthy financial position with a current ratio of 3.8 and operates with moderate leverage, showing a debt-to-equity ratio of 0.47.

Neubau Energy, founded in 2023, has developed a modular residential battery system that integrates batteries, inverter, battery management, and communications into a single unit, protected by over a dozen patents.

The transaction is structured as a cash and stock acquisition, with definitive documentation expected to be completed within 30 days. Closing remains subject to board and shareholder approvals and customary closing conditions.

The companies did not disclose the financial terms of the planned acquisition.

In other recent news, NeoVolta Inc. has achieved a record-breaking $3 million in distributor purchase orders for the current quarter. This marks the highest amount from the channel in the company’s history, reflecting a growing demand for NeoVolta’s energy storage solutions across the United States. The orders came from three major U.S. distributors specializing in solar and energy equipment, indicating a significant step in the company’s expansion strategy. Additionally, NeoVolta is set to unveil its new NV16kW AC hybrid inverter at the RE+ 2025 clean energy trade show in Las Vegas. The inverter, which features a 24kW PV input capacity and 16kW AC input capacity, will be available for pre-order at the event, with general availability starting in November 2025. This new product is compatible with existing solar installations and is designed for both indoor and outdoor use. These developments highlight NeoVolta’s efforts to meet increasing requests from solar contractors for their energy storage systems.

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