NeoVolta Captures Texas Market Momentum with Record Installer Growth
Rhea-AI Summary
NeoVolta Inc. (NASDAQ: NEOV) reported significant expansion in Texas, successfully onboarding over 10% of the state's solar installers as certified dealers in a single quarter. The company's growth aligns with Texas's rapidly expanding battery storage market, which reached 6,200 megawatts of installed capacity by end of 2024.
The company announced a strategic distribution partnership with Dallas-based Solartek Distributors to enhance its market presence and accelerate deployment and training for Texas-based installers. This expansion comes as Texas experiences increasing demand for energy security solutions amid rising costs and weather-related grid challenges.
Positive
- Captured over 10% of Texas solar installers as certified dealers in one quarter
- Established strategic distribution partnership with Solartek Distributors in Dallas
- Expanding presence in Texas, one of the fastest-growing battery storage markets
- Targeting market with 6,200 megawatts of installed capacity
Negative
- None.
News Market Reaction – NEOV
In the trading session that priced this news, NEOV gained 6.31%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Signs Over
SAN DIEGO, April 23, 2025 (GLOBE NEWSWIRE) -- NeoVolta Inc. (NASDAQ: NEOV), U.S.-based energy technology company delivering scalable storage for resilient residential and commercial power infrastructure, today announced unprecedented growth in Texas.
“Texas is a key market for us, and with new product introduction in the last quarter, we’ve onboarded over
Texas, now one of the fastest-growing battery storage markets in the U.S., surpassed 6,200 megawatts of installed capacity by the end of 2024. NeoVolta’s recent traction aligns with a statewide trend toward energy security in the face of rising costs and weather-driven grid stress.
To further support its reach, NeoVolta has formed a distribution partnership with Dallas-based Solartek Distributors, LLC, known for reliable delivery and a comprehensive portfolio of solar and storage equipment. Solartek’s strong local presence will help accelerate deployment and training for Texas-based installers.
“Partnering with NeoVolta is a natural fit as we support installers with leading-edge technology,” said Uros Ceglaj, CEO of Solartek Distributors. “Their growth speaks for itself — and we’re aligned with their mission to advance U.S.-made energy solutions.”
About NeoVolta
NeoVolta is a leading innovator in energy storage solutions dedicated to advancing the future of clean energy. Founded to provide reliable, sustainable, and high-performance energy storage systems, the company has quickly established itself as a critical player in the industry. NeoVolta’s flagship products are designed to meet the growing demand for efficient energy management in residential and commercial applications. With a focus on cutting-edge technology and strategic partnerships, NeoVolta is committed to driving progress in renewable energy and enhancing how the world stores and uses power.
For more information visit: www.NeoVolta.com
Contact: Investor Relations
Email: press@neovolta.com
Phone: 800-364-5464
Forward-Looking Statements
Some of the statements in this release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. Forward-looking statements in this release include, without limitation, the estimates of revenues for the quarter ending March 31, 2025. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. The Company has attempted to identify forward-looking statements by terminology including ‘believes,’ ‘estimates,’ ‘anticipates,’ ‘expects,’ ‘plans,’ ‘projects,’ ‘intends,’ ‘potential,’ ‘may,’ ‘could,’ ‘might,’ ‘will,’ ‘should,’ ‘approximately’ or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors, including those discussed under Item 1A. “Risk Factors” in the Company’s most recently filed Form 10-K filed with the Securities and Exchange Commission (“SEC”) and updated from time to time in its Form 10-Q filings and in its other public filings with the SEC. Any forward-looking statements contained in this release speak only as of its date. The Company undertakes no obligation to update any forward-looking statements contained in this release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events.
