NEOV is trading 5.9% down at $2.23 as the stock continues to face post-earnings volatility, even after announcing positive regulatory news for its expansion plans.
- NeoVolta's planned Georgia manufacturing facility received a favorable Foreign Entity of Concern (FEOC) compliance opinion, supporting potential eligibility for IRS advanced manufacturing tax credits.
- The stock remains highly volatile following significant price action earlier in the week, including a 31.1% surge on June 18 and a 14.8% drop on June 22.