NeoVolta Inc. (NEOV) — RQD Stock Rating Cockpit

Per the Roarable RQD rating, NEOV scores 42 out of 100 with a letter grade of D- and the verdict "Roarable Sell — Vulnerable Balance Sheet & Flow." Across the five pillars, the Fundamental Cash Engine scores 8 out of 20, with ROIC of -35% and FCF yield of -3.26% cited as the drivers, indicating the business is not currently generating returns on invested capital or positive free cash flow. Whale 13F Flow scores 10 out of 20 for institutional accumulation and options positioning, a moderate reading. Insider Conviction scores 3 out of 20 based on SEC Form 4 and Congressional PTR cluster flow, the weakest pillar in the rating. Macro Regime Fit scores 10 out of 20 with a Beta of 1.0 and noted sector sensitivity. Forensic Balance Sheet scores 11 out of 20, citing an Altman Z of 11.21, a Piotroski F of 3/9, and Debt/Equity of 0.5. For a prospective investor, the rating's upside case rests on the strong Altman Z reading and the moderate institutional flow, while the valuation tradeoff is that earnings-based multiples cannot be assessed from the source data and cash generation is negative. The Butterfly graph reports no supply-chain links, so second-order ripple effects cannot be mapped from this source set.

Per the SEC financials, reported operating and net losses persist across all three periods, with FY 2025 revenue of $8.4M against an operating loss of $-4.7M. Market data shows a gross margin of 17.9%, an operating margin of -56%, and a net margin of -59.7%, with ROIC of -35%. The Altman Z-Score of 11.21 and Piotroski F-Score of 3/9 are cited in the Roarable RQD rating, alongside Debt/Equity of 0.5. Reported cash fell to $0.2M in FY 2025 from $0.3M in FY 2024.

• Battery pack agreement (YELLOW): A headline reports a $10M Battery Pack Agreement with Lion Power, described as expanding the diverse C&I platform, per the news wire.
• Director share purchase (YELLOW): Director John A. Hass is reported to have bought 25,000 shares at $2.61 per share, per the news wire.
• Analyst rating (YELLOW): A MarketBeat report cites an average rating of "Moderate Buy" from analysts.
• Director purchase value (YELLOW): An Investing.com UK report cites a $65,250 purchase by director John Hass.
• Average price target (YELLOW): A MarketBeat report cites an average target price of $9.50 according to brokerages.
• Bylaw amendment threshold (RED — RISK WATCH): A Stock Titan report states the board vote needed to amend bylaws is reduced from two-thirds to a majority, flagged as a risk-watch item.

The Butterfly Supply-Chain Graph reports supply_chain as NONE, with no butterfly links and no proprietary signals.

Per the Butterfly Supply-Chain Graph, no upstream or downstream dependencies, sector correlations, or second-order bottlenecks are mapped. Investors should note that the absence of mapped links means this source set cannot establish supplier or customer concentration effects.

Per the analyst data, a MarketBeat headline cites a "Moderate Buy" average rating and a $9.50 average target price. The analyst data section itself is NONE, and no structured price-target or rating-count detail is provided. Per the holders section, no 13F, Form 4 insider, or Congressional holder detail is available in the source data beyond the news-wire references to a director's purchase noted above.

• What are NeoVolta's specific products and customer base, given the source data supplies only sector classification?
• What are reported EPS and debt figures, which are shown as N/A across the financial periods?
• What drove the cash decline to $0.2M in FY 2025, and what is the current funding runway?
• What is the basis and size of the referenced $10M Lion Power agreement relative to revenue?
• What is the reason for the bylaw amendment threshold change flagged as a risk-watch item?