NeoVolta Expands Its Emerging Presence Across America By Adding $520,000 Purchase Order For Residential Solar Battery Storage In New Mexico
Portfolio Pulse from Benzinga Newsdesk
NeoVolta Inc., a manufacturer of Smart Energy Storage Solutions, has expanded its presence in New Mexico with a $520,000 deal for its NV14 batteries in new home construction projects. The company expects more orders in the coming years, indicating strong demand for its energy storage products. NeoVolta's NV14 system was recognized as one of Solar Power World's Top Solar Storage Products for the third year in a row and was named one of the most affordable solar batteries in the U.S. in EnergySage's latest semi-annual Solar Marketplace Intel Report.
November 09, 2023 | 1:46 pm
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POSITIVE IMPACT
NeoVolta's expansion into New Mexico and the recognition of its NV14 system as a top solar storage product could potentially boost its stock in the short term.
The news of NeoVolta's expansion into New Mexico and the recognition of its NV14 system as a top solar storage product is positive. This could lead to increased revenues and profitability, which could potentially boost its stock in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100