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Nuvve Holding Corp. (NVVE)
:NVVE
US Market

Nuvve Holding (NVVE) AI Stock Analysis

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Nuvve Holding

(NASDAQ:NVVE)

Rating:45Neutral
Price Target:
$1.00
▲(8.70%Upside)
The overall score reflects significant financial challenges and bearish technical indicators. While strategic initiatives offer some promise, high insolvency risk and negative earnings dominate the outlook.

Nuvve Holding (NVVE) vs. SPDR S&P 500 ETF (SPY)

Nuvve Holding Business Overview & Revenue Model

Company DescriptionNuvve Holding Corp., a green energy technology company, develops and commercializes vehicle-to-grid (V2G) technology in North America, Europe, and Japan. The company offers fleet and electric bus charging solutions, and V1G and V2G charging stations based on Grid Integrated Vehicle, a V2G technology platform that enables electric vehicle (EV) batteries to store and resell unused energy back to the local electric grid and provide other grid services. Its V2G technology also links EV batteries into a virtual power plant that sells excess power to utility companies or utilizes saved power to reduce building energy peak consumption. The company was founded in 2010 and is headquartered in San Diego, California.
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 Earnings Call Summary

Earnings Call Date:May 15, 2025
(Q1-2025)
|
% Change Since: -17.12%|
Next Earnings Date:Aug 07, 2025
Earnings Call Sentiment Neutral
The earnings call highlighted significant strategic advancements and partnerships, including major contracts and acquisitions, as well as improvements in financial margins and operational efficiencies. However, these positives were tempered by slower revenue growth and continued high net losses.
Q1-2025 Updates
Positive Updates
Significant Order Increase
Received 28 orders for new charging stations versus only one a year ago, indicating strong demand growth.
Major Contract with New Mexico
Awarded a contract allowing for proposals without RFPs, with a potential opportunity greater than $400 million of CapEx deployment over four years.
Expansion into Japan
Established Nuvve Japan focused on stationary storage deployment, with plans to open minority capital to local investors.
Acquisition of Fermata Energy
Acquired Fermata Energy's assets, enhancing the company's capabilities without using cash from Nuvve's balance sheet.
Improved Financial Margins
Product and service revenue margins increased to 39.9% in Q1 2025 from 34.7% in Q1 2024.
Growth in Megawatts Under Management
Megawatts under management increased 19.5% year-over-year to 31.8 megawatts.
Negative Updates
Slow Revenue Recognition
Revenue recognition slowed due to transitioning to a drop-ship model, with Q1 2025 revenues at $0.9 million compared to $0.8 million in Q1 2024.
Increased Non-operating Expenses
Other expenses increased to $1.3 million in Q1 2025 from $0.5 million of other income in Q1 2024, due to non-cash losses and interest expenses.
Net Loss Remains High
Net loss attributable to common stockholders was $6.9 million in Q1 2025, only a slight improvement from $7 million in Q1 2024.
Company Guidance
During the first quarter of 2025, Nuvve Holding Corporation reported a revenue increase to $0.9 million, up from $0.8 million in the same period of 2024, primarily due to increased charger hardware sales. The company's product and service margins improved to 32.6%, excluding grant revenues, compared to 26.8% in the previous year, while overall operating costs decreased to $6 million from $7.5 million in Q1 2024. Nuvve's net loss attributable to common stockholders slightly improved to $6.9 million from $7 million in Q1 2024. Megawatts under management increased by 3.6% to 31.8 megawatts, driven by deployments in the U.S., Europe, and Japan. Additionally, Nuvve's backlog grew to $19.7 million, indicating strong future sales potential, with significant developments anticipated in the New Mexico and Fresno projects. The company also focused on reducing its cash burn and enhancing operational efficiency, with cash operating expenses down to $5.3 million, a reduction from $6.6 million a year ago.

Nuvve Holding Financial Statement Overview

Summary
Nuvve Holding presents a concerning financial picture with significant losses, high leverage, and negative equity. The company is struggling with profitability and liquidity, posing substantial financial risks. Without a strategic turnaround, these issues could impede future growth and stability.
Income Statement
20
Very Negative
Nuvve Holding's income statement reveals significant financial challenges. Despite a positive trend in revenue growth from 2022 to 2023, the company is facing substantial losses, with a net profit margin of -329.1% in 2023 and a deteriorating EBIT margin. Operating at a loss, the company struggles to convert revenue into profit effectively.
Balance Sheet
15
Very Negative
Nuvve Holding's balance sheet indicates high financial risk, with negative stockholders' equity of -$1.3 billion in 2023, suggesting potential insolvency. The debt-to-equity ratio is effectively negative due to negative equity, and the equity ratio is also negative, highlighting a precarious financial position with liabilities exceeding assets.
Cash Flow
25
Negative
The company's cash flow statement reflects operational challenges, with consistent negative operating cash flow and free cash flow. The free cash flow growth rate shows a slight improvement, yet the company remains heavily reliant on financing activities to sustain operations, indicating ongoing cash management issues.
Breakdown
Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income StatementTotal Revenue
4.88M8.33M4.91M2.92M1.94M
Gross Profit
1.34M1.35M717.17K918.43K1.42M
EBIT
-20.46M-32.11M-36.92M-27.23M-4.69M
EBITDA
-16.32M-31.71M-36.63M-27.06M-4.40M
Net Income Common Stockholders
-17.40M-31.28M-24.56M-27.16M-4.89M
Balance SheetCash, Cash Equivalents and Short-Term Investments
371.50K1.53M15.75M32.36M2.28M
Total Assets
16.80M20.95M41.20M96.48M7.16M
Total Debt
10.66M5.52M5.91M3.44M4.29M
Net Debt
10.29M3.97M-9.84M-28.92M2.02M
Total Liabilities
18.09M13.96M13.96M14.32M8.04M
Stockholders Equity
-1.29T7.69M27.64M79.84M-880.71K
Cash FlowFree Cash Flow
-15.78M-21.44M-34.52M-29.48M-3.10M
Operating Cash Flow
-15.73M-21.25M-34.08M-29.21M-3.08M
Investing Cash Flow
-45.40K1.14M-1.44M-265.48K-22.50K
Financing Cash Flow
14.46M5.86M19.06M59.74M5.24M

Nuvve Holding Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price0.92
Price Trends
50DMA
1.16
Negative
100DMA
1.91
Negative
200DMA
3.07
Negative
Market Momentum
MACD
-0.05
Positive
RSI
49.51
Neutral
STOCH
25.26
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NVVE, the sentiment is Neutral. The current price of 0.92 is below the 20-day moving average (MA) of 1.13, below the 50-day MA of 1.16, and below the 200-day MA of 3.07, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 49.51 is Neutral, neither overbought nor oversold. The STOCH value of 25.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
74
Outperform
$49.84B198.486.06%20.88%-80.08%
68
Neutral
$317.19M10.5742.07%16.79%-5.05%-55.00%
62
Neutral
$6.84B11.233.09%3.95%2.66%-25.23%
50
Neutral
$1.18B19.14%45.15%-2.91%
45
Neutral
$4.05M-1026.66%-24.26%-425.82%
44
Neutral
$8.39M
3.04%17.46%
43
Neutral
$334.00M-121.64%-17.68%46.68%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
NVVE
Nuvve Holding
1.10
-5.40
-83.08%
NAAS
NaaS Technology
1.17
-34.51
-96.72%
CHPT
ChargePoint Holdings
0.73
-0.98
-57.31%
BWMX
Betterware de Mexico
8.42
-6.71
-44.35%
EVGO
EVgo
3.96
1.88
90.38%
CPNG
Coupang
28.45
5.64
24.73%

Nuvve Holding Corporate Events

Private Placements and FinancingBusiness Operations and Strategy
Nuvve Holding Enters Strategic Consulting Agreements
Positive
May 22, 2025

On May 18, 2025, Nuvve Holding entered into consulting agreements with Goldeneye Services AG, Carson Zabel Rorai, and Rafael Recavarren to enhance its operations in crypto portfolio management, investor relations, and strategic planning. As part of these agreements, the company issued warrants to purchase shares of its common stock, with exercise prices ranging from $1.00 to $1.50 per share. This strategic move aims to bolster Nuvve Holding’s market positioning and growth initiatives, with implications for stakeholders in terms of potential stock value appreciation and increased market engagement.

Private Placements and FinancingM&A TransactionsBusiness Operations and StrategyFinancial Disclosures
Nuvve Holding Reports Q1 2025 Revenue Increase
Neutral
May 15, 2025

Nuvve Holding Corp. reported a 19.8% increase in total revenue to $0.9 million for the first quarter of 2025 compared to the same period in 2024, alongside a reduction in operating expenses by 20.7% to $6.0 million. Despite a net loss increase to $6.9 million, the company raised $5.3 million through various financial activities to support growth initiatives. CEO Gregory Poilasne highlighted ongoing transformation efforts and potential business expansion through mergers and acquisitions, including the recent acquisition of Fermata.

Executive/Board ChangesBusiness Operations and Strategy
Nuvve Holding Appoints James Altucher to Board
Positive
May 13, 2025

On May 12, 2025, Nuvve Holding Corp. appointed James Altucher as a Class B director to its Board, highlighting the company’s strategic focus on digital assets and blockchain. Altucher’s expertise in cryptocurrencies and investing is expected to support Nuvve’s expansion into digital assets through its subsidiary, Nuvve-DigitalAssets. This move aligns with Nuvve’s dual strategy of scaling its V2G energy platform and building a next-generation digital treasury, positioning the company for growth in emerging digital asset classes.

Business Operations and Strategy
Nuvve Holding Engages Advisors for Digital Asset Growth
Positive
May 9, 2025

On May 9, 2025, Nuvve Holding Corp. announced its engagement with multiple digital asset advisory consultants to accelerate the growth of its new subsidiary, Nuvve-DigitalAssets. This strategic move aims to enhance Nuvve’s digital asset portfolio and create long-term shareholder value through blockchain innovation. The company has formed a Digital Asset Management Portfolio Committee, chaired by renowned crypto investor James Altucher, to oversee investment decisions. This initiative marks Nuvve’s entry into the cryptocurrency and blockchain economy, focusing on high-growth sectors such as decentralized finance and the tokenization of real-world assets.

M&A TransactionsBusiness Operations and Strategy
Nuvve Holding Completes Acquisition of Fermata Energy Assets
Positive
Apr 29, 2025

On April 25, 2025, Nuvve Holding Corp. completed the acquisition of Fermata Energy LLC’s assets through its subsidiary Fermata Energy II LLC. This strategic move aims to enhance Nuvve’s market reach, intellectual property, and revenue growth by uniting two advanced V2G innovators. The acquisition, valued at approximately $659,000, includes cash and assumed liabilities, and involves issuing convertible preferred units to former Fermata debt holders. The integration is expected to accelerate the deployment of intelligent, bidirectional energy solutions, offering customers enhanced predictive charging insights and expanded grid service opportunities. This acquisition strengthens Nuvve’s position in the V2G market, diversifies market risk, and aligns with regulatory incentives, potentially driving incremental revenue and expanding its presence in behind-the-meter markets.

Product-Related AnnouncementsBusiness Operations and Strategy
Nuvve Holding Launches New Cryptocurrency Subsidiary
Positive
Apr 28, 2025

On April 28, 2025, Nuvve Holding Corp. announced the launch of a new subsidiary, Nuvve-Crypto, to build a cryptocurrency digital treasury and explore blockchain opportunities as part of a strategic digital asset initiative. This move, approved by Nuvve’s Board of Directors, aims to diversify the company’s portfolio with a focus on Bitcoin and other digital assets, positioning Nuvve to capitalize on the growing digital asset economy while continuing its innovation in grid modernization and V2G technologies.

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.

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.