Is NEOV or PLUG more undervalued in 2026?

CirclFi compares NeoVolta Inc. (NEOV) and Plug Power, Inc. (PLUG) using 13 institutional-grade valuation models. NEOV has a Quality of Company score of 5.8/10 while PLUG scores 5.9/10.

Which is a better buy — NEOV or PLUG?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do NEOV and PLUG valuations compare?

NEOV at $2.00 and PLUG at $4.12 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

NEOV vs PLUG Valuation Comparison 2026 — Intrinsic Value Analysis

NEOV

Electrical Equipment & Parts

NeoVolta Inc.

Quality

5.8

out of 10

Value Trap

SAFE

Price

$2.00

Last close

Models

10/13

Active

PLUG

Electrical Equipment & Parts

Plug Power, Inc.

Quality

5.9

out of 10

Value Trap

LOW

Price

$4.12

Last close

Models

12/13

Active

Model-by-Model Comparison

Model	Type	NEOV Fair Value	NEOV Upside	PLUG Fair Value	PLUG Upside
Bayesian DCF	Intrinsic	$0.68	-66.1%	$1.10	-73.3%
Earnings Power Value	Intrinsic	$0.12	-95.7%	$1.38	-56.1%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%

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NEOV vs PLUG — Which Stock Is More Undervalued?

PLUG scores higher with a 5.9/10 quality rating vs NEOV's 5.8/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing NeoVolta Inc. (NEOV) and Plug Power, Inc. (PLUG) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

NEOV currently trades at $2.00 with a QOC of 5.8/10, while PLUG trades at $4.12 with a QOC of 5.9/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).