Nuvve (NASDAQ:NVVE) Issues Earnings Results

Nuvve (NASDAQ:NVVE) issued its earnings results on Wednesday. The company reported ($28.96) EPS for the quarter, topping analysts’ consensus estimates of ($34,560.00) by $34,531.04, FiscalAI reports. The company had revenue of $1.39 million for the quarter, compared to analysts’ expectations of $1.90 million.

Nuvve Price Performance

Shares of NASDAQ NVVE opened at $8.38 on Friday. The stock has a market capitalization of $4.36 million, a P/E ratio of -0.00 and a beta of 1.49. Nuvve has a 1-year low of $3.79 and a 1-year high of $702.72. The business has a fifty day moving average price of $7.28 and a 200 day moving average price of $18.93.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Wall Street Zen upgraded Nuvve from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Weiss Ratings restated a “sell (e+)” rating on shares of Nuvve in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Nuvve has a consensus rating of “Sell”.

Institutional Trading of Nuvve

A hedge fund recently raised its stake in Nuvve stock. Geode Capital Management LLC grew its stake in shares of Nuvve Holding Corp. (NASDAQ:NVVE) by 69.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,234 shares of the company’s stock after acquiring an additional 15,208 shares during the quarter. Geode Capital Management LLC owned about 3.34% of Nuvve worth $95,000 as of its most recent SEC filing. Institutional investors and hedge funds own 19.01% of the company’s stock.

Key Stories Impacting Nuvve

Here are the key news stories impacting Nuvve this week:

• Positive Sentiment: Nuvve reported quarterly EPS of ($28.96), which beat analyst expectations of ($345.60) by a wide margin, even though revenue came in below estimates. This helped fuel earlier speculative buying in the stock. Nuvve earnings report
• Positive Sentiment: The company’s recent 1-for-18 reverse stock split sharply reduced the share count, which can make a microcap stock like NVVE much more volatile and attract momentum traders. Reverse stock split announcement
• Neutral Sentiment: Trading in NVVE was halted multiple times on July 15 and July 16 for LULD pauses, underscoring unusually heavy price swings and thin-liquidity conditions. Trading halt reference
• Neutral Sentiment: Nuvve also disclosed work on a 42 MW battery energy storage project in Romania, but that news appears more speculative than immediately material for the stock’s near-term move. SEC filing on Romania project
• Negative Sentiment: The latest report says NVVE sank sharply after-hours, suggesting investors are unwinding positions after the earlier rally. After-hours stock decline article
• Negative Sentiment: The company is still dealing with Nasdaq compliance issues, including a late 10-Q filing and prior minimum-bid-price concerns, which may be weighing on investor confidence. Nasdaq compliance filing

Nuvve Company Profile

Nuvve Corporation is a clean energy technology company specializing in vehicle-to-grid (V2G) solutions that enable electric vehicles to serve as distributed energy resources. Through its proprietary Grid Integrated Vehicle (GIVe) software platform, Nuvve aggregates electric vehicle batteries into a virtual power plant to provide grid services such as frequency regulation, peak shaving and demand response. The company’s technology supports bidirectional charging hardware and integrates with public charging networks, fleet vehicles and stationary energy storage systems.

Founded in 2010 and headquartered in Newark, California, Nuvve began as the Nevada Electric Vehicle Accelerator before rebranding to reflect its expanded global mission.