FINWIRES · TerminalLIVE
FINWIRES

NeoVolta to Supply Large-Scale Battery Energy Storage Systems to Infinite Grid Capital; Shares Fall

By

NeoVolta (NEOV) has entered into a letter of intent to supply around 1.1 gigawatt-hours of battery energy storage products to Infinite Grid Capital, or IGC, the energy infrastructure investment platform said Thursday.

Financial details weren't provided.

IGC will procure utility-scale battery storage systems from NeoVolta's Georgia facility, which is expected to begin production in Q3, to power its artificial intelligence infrastructure buildout across the US, IGC said.

The preliminary deal also includes coordinated marketing, financing, strategic investment, and project development activities between the companies. The letter of intent will remain in effect for 12 months from execution, IGC added.

Shares of NeoVolta fell around 24% in afternoon trading.

Price: $1.97, Change: $-0.61, Percent Change: -23.64%

Related Articles

Wire

Dell Technologies Unit Wins $9.69 Billion US Navy Contract

Dell Technologies (DELL) unit Dell Federal Systems won a blanket purchase agreement with an overall estimated value of $9.69 billion from the US Navy under the Department of Defense Enterprise Software Initiative.The agreement will streamline software acquisition across the Defense Department, the intelligence community, and the US Coast Guard, according to a statement.The deal will allow clients to procure Microsoft (MSFT) software licenses, cloud subscriptions, and Software Assurance, according to the Department.

$DELL$MSFT
Wire

Dave to Replace American Woodmark in S&P SmallCap 600

Dave (DAVE) is set to replace American Woodmark (AMWD) in the S&P SmallCap 600 before trading begins Monday, S&P Dow Jones Indices said.MasterBrand (MBC) is acquiring American Woodmark in a deal expected to close May 29, the S&P Global (SPGI) unit said Wednesday in a statement.Dave shares rose 4.2% in after-hours trading.

$AMWD$DAVE$SPGI
Wire

Citi Trends Reports Preliminary Fiscal Q1 Sales, Lifts FY Comparable-Store Sales Outlook

Citi Trends (CTRN) reported fiscal Q1 preliminary sales late Wednesday of $230.9 million and raised its full-year outlook for comparable-store sales growth.A year earlier, sales were $201.7 million.Comparable-store sales growth in fiscal 2026 is expected to range from 8% to 10%, compared with the prior 5% to 7% forecast, the company said.Citi Trends also lifted its full-year adjusted EBITDA guidance to $35 million to $40 million from the previous outlook of $34 million to $38 million.Citi Trends shares rose 10% in after-hours trading.

$CTRN