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Nuvve Holding Corp. (NVVE)
:NVVE
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Nuvve Holding
(NASDAQ:NVVE)
29Underperform
Nuvve Holding (NVVE) vs. S&P 500 (SPY)
Market Cap
$3.47M
Dividend YieldN/A
Average Volume (3M)2.25M
Price to Earnings (P/E)―
Beta (1Y)0.70
Revenue Growth-33.71%
EPS Growth-311.25%
CountryUS
Employees47
SectorConsumer Cyclical
Sector Strength55
IndustrySpecialty Retail
Share Statistics
EPS (TTM)-10.45
Shares Outstanding3,068,049
10 Day Avg. Volume179,568
30 Day Avg. Volume2,252,906
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.28
Price to Cash Flow (P/CF)-0.10
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Nuvve Holding Business Overview & Revenue Model
Company DescriptionNuvve Holding Corp. is a technology company engaged in the development and commercialization of vehicle-to-grid (V2G) technology. Operating in the clean energy and electric vehicle sectors, Nuvve provides solutions that enable electric vehicles to store and sell excess energy back to the grid, helping to stabilize energy demand and supply. The company offers a platform that integrates with electric vehicle charging infrastructure to manage and monetize the energy stored in vehicle batteries.
How the Company Makes MoneyNuvve Holding generates revenue primarily through its V2G technology platform, which facilitates bi-directional energy flow between electric vehicles and the power grid. The company's revenue streams include fees from energy transactions, where Nuvve earns a portion of the revenue from energy sold back to the grid through its platform. Additionally, Nuvve partners with fleet operators, utility companies, and charging infrastructure providers to deploy its technology, often resulting in joint ventures or service agreements that contribute to its earnings. Nuvve's business model leverages its proprietary technology to enable cost savings and new revenue opportunities for its partners, while also benefiting from government incentives and policies supporting renewable energy and electric mobility.
Nuvve Holding Financial Statement Overview
Summary
Nuvve Holding's financial statements reveal revenue growth but persistent net losses. The balance sheet shows a high debt-to-equity ratio, and cash flow is negative, indicating liquidity challenges. Overall, the financials suggest a need for strategic restructuring.Income Statement
Nuvve Holding's income statement shows a consistent increase in revenue from 2020 to TTM 2024; however, the company is still operating at a significant net loss. The gross profit margin has improved, indicating better cost management, but the negative EBIT and EBITDA margins reflect ongoing operational challenges. The net profit margin remains negative, highlighting the struggle to achieve profitability.35
Negative
Balance Sheet
The balance sheet indicates a concerning financial position with declining stockholders' equity and increasing debt levels, leading to a high debt-to-equity ratio. Although the equity ratio has improved slightly from negative to positive, the return on equity is still negative due to persistent net losses, suggesting challenges in delivering shareholder value.40
Negative
Cash Flow
Nuvve Holding's cash flow statements reveal substantial negative operating cash flow, indicating reliance on financing activities to fund operations. The free cash flow is consistently negative, and there is no positive free cash flow growth, reflecting ongoing cash management issues. The operating cash flow to net income ratio is unfavorable due to large cash outflows.30
Negative
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 5.04M | 8.33M | 4.91M | 2.92M | 1.94M | 2.58M | Gross Profit |
| 1.84M | 1.35M | 717.17K | 918.43K | 1.42M | 2.03M | EBIT |
| -22.30M | -32.11M | -36.92M | -27.23M | -4.69M | -6.16M | EBITDA |
| -21.45M | -31.71M | -36.63M | -27.06M | -4.40M | -5.96M | Net Income Common Stockholders |
| -19.82M | -31.28M | -24.56M | -27.16M | -4.89M | -3.02M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 326.70K | 1.53M | 15.75M | 32.36M | 2.28M | 326.70K | Total Assets |
| 4.24M | 20.95M | 41.20M | 96.48M | 7.16M | 4.24M | Total Debt |
| 150.00K | 5.52M | 5.91M | 3.44M | 4.29M | 150.00K | Net Debt |
| -176.70K | 3.97M | -9.84M | -28.92M | 2.02M | -176.70K | Total Liabilities |
| 2.57M | 13.96M | 13.96M | 14.32M | 8.04M | 2.57M | Stockholders Equity |
| 1.67M | 7.69M | 27.64M | 79.84M | -880.71K | 1.67M |
| Cash Flow | Free Cash Flow | ||||
| -12.27M | -21.44M | -34.52M | -29.48M | -3.10M | -4.23M | Operating Cash Flow |
| -27.06M | -21.25M | -34.08M | -29.21M | -3.08M | -4.21M | Investing Cash Flow |
| -32.35K | 1.14M | -1.44M | -265.48K | -22.50K | 2.29M | Financing Cash Flow |
| 13.70M | 5.86M | 19.06M | 59.74M | 5.24M | 50.00K |
Nuvve Holding Technical Analysis
Negative
1.08
Price Trends
2.20
Negative
2.75
Negative
4.02
Negative
Market Momentum
-0.24
Negative
26.97
Positive
40.16
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NVVE, the sentiment is Negative. The current price of 1.08 is below the 20-day moving average (MA) of 1.50, below the 50-day MA of 2.20, and below the 200-day MA of 4.02, indicating a bearish trend. The MACD of -0.24 indicates Negative momentum. The RSI at 26.97 is Positive, neither overbought nor oversold. The STOCH value of 40.16 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NVVE.
Nuvve Holding Risk Analysis
Nuvve Holding disclosed 68 risk factors in its most recent earnings report. Nuvve Holding reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Nuvve Holding Peers Comparison
Overall Rating
UnderperformOutperform
Sector (59)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $863.51B | 138.72 | 10.52% | ― | 0.95% | -52.81% | |
59 Neutral | $12.18B | 11.09 | -1.08% | 3.77% | 1.26% | -19.82% | |
54 Neutral | $95.24M | ― | -69.69% | ― | -10.24% | 37.82% | |
48 Neutral | $830.14M | ― | 19.14% | ― | 59.57% | 14.59% | |
45 Neutral | $31.32M | ― | -24.26% | ― | 10.25% | 52.91% | |
43 Neutral | $276.89M | ― | -121.64% | ― | -17.68% | 46.68% | |
29 Underperform | $3.47M | ― | -559.17% | ― | -33.71% | -311.25% |
* Consumer Cyclical Sector Average
Performance Comparison
NVVE
Nuvve Holding
1.13
-6.07
-84.31%
TSLA
Tesla
267.28
102.38
62.09%
BLNK
Blink Charging Co
0.88
-1.82
-67.41%
BEEM
Beam Global
1.99
-4.38
-68.76%
CHPT
ChargePoint Holdings
0.57
-1.26
-68.85%
EVGO
EVgo
2.55
0.41
19.16%
Nuvve Holding Earnings Call Summary
Earnings Call Date: Mar 31, 2025 | % Change Since: -28.48% | Next Earnings Date: May 20, 2025
Earnings Call Sentiment Neutral
The earnings call reflects a challenging year with significant revenue declines and project delays, but also highlights efforts in cost reduction, backlog growth, and strategic expansions in the stationary battery sector and international markets. Despite these positive strides, the financial constraints and revenue setbacks indicate a mixed outlook.Highlights
Revenue Increase in Q4 2024
Total revenues in the fourth quarter of 2024 increased to $1.8 million compared to $1.6 million in the same period last year, driven primarily by higher charger hardware sales.
Cost Reduction Achievements
Operating expenses for fiscal year 2024 decreased to $22.2 million from $33.5 million in 2023, driven by reductions in payroll, legal, public company, and consulting expenses.
Megawatts Under Management Growth
Megawatts under management increased 5.2% over the previous quarter to 30.7 MW, marking a 22.2% increase compared to the fourth quarter of 2023.
Battery-as-a-Service Model Launch
Nuvve announced the launch of its Battery-as-a-Service model in the United States, allowing electric cooperatives to deploy stationary batteries to reduce peak energy costs.
Expansion in Japan
Nuvve expanded its stationary battery business in Japan, establishing a new entity to pursue local capital raising activities.
Backlog Increase
Hardware and service backlog increased to $18.3 million as of December 31, 2024, up $0.8 million from September 30, 2024, with significant contributions from a large hub project in Fresno, California.
Lowlights
Year-Over-Year Revenue Decline
Total revenues for fiscal year 2024 were $5.3 million, down from $8.3 million in the prior year, primarily due to a reduction in charger hardware sales and timing of EPA funding awards.
Gross Margin Decline in Q4 2024
Margins on products, services, and grant revenues for Q4 2024 were 15.8%, down from 29% in the year-ago period, affected by competitive pricing pressures.
Delayed K-12 School Bus Business
Delays in EPA approval letters for school district partners led to postponed purchase orders and impacted revenue in the first half of 2024.
Challenges in Project Financing
Financing delays impacted hub projects, and although Nuvve is confident financing will go through, terms are still being finalized.
Cash Position Concerns
As of December 31, 2024, Nuvve had approximately $0.4 million in cash, representing a decrease of $1.2 million from December 2023.
Company Guidance
During the Nuvve Holding Corporation's Q4 2024 and fiscal year 2024 earnings call, several key metrics were highlighted. Total revenues for the fourth quarter were reported at $1.8 million, up from $1.6 million in the same period last year, while full-year revenues decreased to $5.3 million from $8.3 million due to reduced charger hardware sales. Margins on products, services, and grant revenues for Q4 2024 were 15.8%, a decline from 29% in the previous year, with year-to-date margins reaching 33.1%, up from 16.2%. Operating expenses for the fiscal year were reduced by 33%, from $33.5 million in 2023 to $22.2 million in 2024. Megawatts under management increased by 22.2% year-over-year, reaching 30.7 MW, driven by stationary batteries and EV chargers. The company's backlog grew to $18.3 million, with a significant project in Fresno, California contributing to this increase. Despite challenges, Nuvve raised $2.6 million in early 2025, indicating a strategic shift towards expense reduction and business expansion.Nuvve Holding Corporate Events
M&A TransactionsFinancial Disclosures
Nuvve Holding Reports 2024 Financial Results and Levo Acquisition
Neutral
Mar 31, 2025
On March 31, 2025, Nuvve Holding Corp. reported its financial results for the fourth quarter and full year of 2024. The company increased its megawatts under management by 22.3% and reduced operating expenses significantly. Despite a modest revenue increase, Nuvve faced a decrease in product and service margins due to a higher mix of hardware sales. The company also became the 100% owner of Levo after acquiring the remaining membership interest. CEO Gregory Poilasne expressed optimism for 2025, citing a strong customer backlog and a new contract with the State of New Mexico.
Business Operations and Strategy
Nuvve Holding Incorporates Bitcoin into Treasury Strategy
Positive
Jan 29, 2025
On January 28, 2025, Nuvve Holding Corp. announced its board’s approval to include Bitcoin as part of its treasury management program, allocating up to 30% of excess cash for BTC purchases. This move is intended to diversify holdings and offer BTC as a payment option, aligning with Nuvve’s mission to innovate in grid electrification and support utilities with efficient energy solutions.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.