10 Best High Risk Penny Stocks to Invest in

6. NeoVolta Inc. (NASDAQ:NEOV)

Current Price as of June 30, 2025: $3.30

Beta: -0.27

NeoVolta Inc. (NASDAQ:NEOV) is one of the 10 best high risk penny stocks to invest in. The company reports a record high distributor purchase order in the current quarter, following a Buy rating from Maxim Group.

NeoVolta Inc. (NASDAQ:NEOV), based in California, is engaged in the business of designing, manufacturing, and selling advanced energy storage systems, such as the NV14 and NV24, through certified solar installers and distributors. The company offers battery-inverter solutions for clean energy integration and grid resilience. Founded in 2018, the company serves both residential and commercial markets.

In a report released on May 15, 2025, Maxim Group reiterated the Buy rating for the stock, while maintaining the price target of $7.50. Later in June 2025, the company announced record-level distributor purchase orders of more than $3 million in the current quarter. Ardes Johnson, CEO of NeoVolta Inc. (NASDAQ:NEOV), has made the following statement.

“These distributor orders represent a major milestone in our expansion strategy. They show that demand for NeoVolta systems is scaling across the country through established installer networks—not just direct sales.”

With the stock available at $3.30 per share, as of June 30, 2025, interested investors can purchase the stock after noting the beta of -0.27, which signals an inverse relationship between the stock price and market movements.