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Nuvve Holding
(NASDAQ:NVVE)
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Rating:41Neutral
Price Target:
$4.50
▲(22.62% Upside)
Action:Reiterated
Date:07/07/26
The score is primarily dragged down by very weak financial performance (shrinking revenue, extreme losses, negative equity, and ongoing cash burn). Technical signals are also soft with negative MACD and sub-50 RSI. Corporate events are mixed—strategic expansion and capital-structure actions are positives, but delisting risk, dilution-related measures, and an earnings release delay add material uncertainty.
Positive Factors
V2G platform and market positioning
Nuvve’s core V2G software and aggregation model is a durable strategic asset: it enables fleets and utilities to monetize EV batteries as distributed energy resources, creates multi-party integration barriers to entry, and positions the company to capture recurring platform and grid-service revenue as EV fleet adoption and renewable integration expand.
Negative Factors
Shrinking revenue and extreme operating losses
Two years of revenue decline paired with outsized operating losses indicate the core business lacks current scale and profitability. Extremely negative margins imply limited operating leverage and an urgent need for structural cost reduction or significant revenue expansion to achieve sustainable profitability over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
V2G platform and market positioning
Nuvve’s core V2G software and aggregation model is a durable strategic asset: it enables fleets and utilities to monetize EV batteries as distributed energy resources, creates multi-party integration barriers to entry, and positions the company to capture recurring platform and grid-service revenue as EV fleet adoption and renewable integration expand.
Read all positive factors
Nuvve Holding Key Performance Indicators (KPIs)
Any
Revenue by Segment
Shows how revenue is distributed across different business units, highlighting which segments drive growth and which may need strategic adjustments.
Shows how revenue is distributed across different business units, highlighting which segments drive growth and which may need strategic adjustments.
Data provided by:
The Fly
The FlyNuvve Holding (NVVE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$54.40M
Dividend YieldN/A
Average Volume (3M)3.53M
Price to Earnings (P/E)―
Beta (1Y)0.84
Revenue Growth-8.90%
EPS Growth80.07%
CountryUS
Employees45
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)-232.56
Shares Outstanding524,652
10 Day Avg. Volume2,525,061
30 Day Avg. Volume3,532,838
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-0.62
Price to Sales (P/S)0.24
P/FCF Ratio-0.06
Enterprise Value/Market Cap0.01
Enterprise Value/Revenue0.17
Enterprise Value/Gross Profit0.46
Enterprise Value/Ebitda-0.03
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Nuvve Holding Business Overview & Revenue Model
Company Description
Nuvve Holding Corp., founded in 2010 and based in San Diego, California, is an innovative green energy technology firm. The company specializes in creating and deploying Vehicle-to-Grid (V2G) solutions across North America, Europe, and Japan. Nuvv...
How the Company Makes Money
Nuvve makes money primarily by enabling and monetizing V2G and related grid services using EV batteries as distributed energy resources, and by providing associated software/platform services to fleets and market participants. Key revenue sources ...
Nuvve Holding Earnings Call Summary
Earnings Call Date:Mar 31, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Aug 06, 2026
Earnings Call Sentiment Neutral
The call described a transitional year with clear strategic progress — a transformative OMNIA partnership, announced large European projects (150 MW), expansion in Japan, margin improvement, and substantial operating-cost reductions and financings that improved liquidity. However, material negatives included a $3.47M inventory impairment, a sharp decline in reported backlog (driven by the Fresno project termination), a year-over-year revenue decline for the full year, and an increased quarterly net loss. The outlook emphasizes the pivot to stationary storage with meaningful upside if the European and Japanese pipelines are executed, but near-term headwinds (backlog loss, one-time charges, product reliability issues) temper the tone.Positive Updates
Strategic Partnership and Large European Pipeline
Announced partnership with OMNIA Global to deploy >1 GW battery pipeline in Europe; three projects already announced totaling 150 MW (Sweden 50 MW / 75 MWh, Austria 40 MW / 80 MWh, Romania 60 MW / 120 MWh). Potential compensation estimated at $250k to >$500k per MW per year, representing significant upside if monetized.
Negative Updates
Significant Inventory Impairment Charge
Recognized a $3.47M inventory impairment related to non-conforming 125 kW V2G DC chargers purchased from a former supplier, reducing carrying value to zero and contributing materially to the quarter’s results; impaired units transferred to PP&E at zero value for business development in Taiwan.
Read all updates
Q4-2025 Updates
Positive
Negative
Strategic Partnership and Large European Pipeline
Announced partnership with OMNIA Global to deploy >1 GW battery pipeline in Europe; three projects already announced totaling 150 MW (Sweden 50 MW / 75 MWh, Austria 40 MW / 80 MWh, Romania 60 MW / 120 MWh). Potential compensation estimated at $250k to >$500k per MW per year, representing significant upside if monetized.
Read all positive updates
Company Guidance
Guidance from the call focused on accelerating stationary battery deployments and improving cash burn: the company expects further growth in megawatts under management in 2026 as backlog commissions and pipeline convert and operating costs decline. Key metrics cited include 28.3 MW under management in Q4 (up 7.5% QoQ from 26.4 MW, down 7.6% YoY) comprised of 28.1 MW of EV chargers and 0.2 MW of stationary batteries; a hardware and service backlog of $3.3 million (down $15.7 million from $18.3 million at 12/31/24 due to the Fresno termination); and an OMNIA partnership with a 1+ GW European pipeline to be deployed over ~24 months that already includes three announced projects totaling 150 MW (50 MW/75 MWh Sweden; 40 MW/80 MWh Austria; 60 MW/120 MWh Romania) with potential compensation of ~$250,000 to >$500,000 per MW per year. Additional targets include Japan opportunities (a 2 MW/8 MWh sale for $3.35M with ~<$1M down payment and delivery targeted by Nov 2026; Japan pipeline similar in size to Europe over 36–48 months) and U.S. prospects that are moving more slowly; financial context provided was Q4 revenue $1.93M (YTD $4.79M vs $5.29M prior), Q4 margins 24.2% (YTD 39.1%) with Q4 excl. grants 16% (YTD excl. grants 31%), cash of ~$5.5M (excl. $0.3M restricted, up $5.1M YoY), $8.1M capital raised via preferred/warrant exercises, a $3.47M inventory impairment, and a Q4 net loss of $6.1M—overall the company expects commissioning of backlog and pipeline wins to drive MW growth and improved cash burn in 2026.Nuvve Holding Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
18
Very Negative
Cash Flow
16
Very Negative
| Breakdown | Dec 2025 | Mar 2025 | Dec 2023 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.23M | 5.29M | 8.33M | 5.37M | 2.92M |
| Gross Profit | 1.31M | 1.75M | 1.35M | 1.18M | 918.43K |
| EBITDA | -29.26M | -16.32M | -30.90M | -24.27M | -27.11M |
| Net Income | -30.82M | -17.40M | -31.28M | -24.02M | -72.48M |
Balance Sheet | |||||
| Total Assets | 17.39M | 16.80M | 20.95M | 41.20M | 52.91M |
| Cash, Cash Equivalents and Short-Term Investments | 5.47M | 371.50K | 1.53M | 15.75M | 32.36M |
| Total Debt | 6.15M | 10.66M | 5.50M | 5.91M | 3.48M |
| Total Liabilities | 14.86M | 18.09M | 13.96M | 13.96M | 23.00M |
| Stockholders Equity | -1.67M | -1.26M | 7.69M | 27.64M | 29.51M |
Cash Flow | |||||
| Free Cash Flow | -16.68M | -15.78M | -21.44M | -34.52M | -29.46M |
| Operating Cash Flow | -16.63M | -15.73M | -21.25M | -34.08M | -29.19M |
| Investing Cash Flow | 517.87K | -45.40K | 1.14M | -1.44M | -265.48K |
| Financing Cash Flow | 21.20M | 14.46M | 5.86M | 19.06M | 59.72M |
Nuvve Holding Technical Analysis
Negative
3.67
Price Trends
6.41
Negative
10.86
Negative
64.34
Negative
Market Momentum
-0.38
Positive
40.19
Neutral
23.32
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 3.67 is below the 20-day moving average (MA) of 6.21, below the 50-day MA of 6.41, and below the 200-day MA of 64.34, indicating a bearish trend. The MACD of -0.38 indicates Positive momentum. The RSI at 40.19 is Neutral, neither overbought nor oversold. The STOCH value of 23.32 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $669.65M | 10.03 | 17.10% | 8.47% | 5.55% | 111.23% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
53 Neutral | $901.97M | 39.49 | 7.19% | 2.59% | -10.63% | 672.41% | |
52 Neutral | $586.92M | -5.66 | 79.86% | ― | 51.05% | 14.89% | |
50 Neutral | $154.35M | -0.72 | -680.26% | ― | 1.89% | 28.53% | |
48 Neutral | $31.45M | 0.39 | 64.38% | ― | ― | ― | |
41 Neutral | $54.40M | -0.02 | 1386.52% | ― | -8.90% | 80.07% |
* Consumer Cyclical Sector Average
NVVE
Nuvve Holding
5.19
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Nuvve Holding Corporate Events
Business Operations and StrategyM&A Transactions
Nuvve Holding expands into Romanian battery storage project
Positive
Jul 2, 2026
On June 22, 2026, Nuvve Denmark ApS agreed to acquire all equity interests in BESS Sibiu SRL, a Romanian company developing a 42 MW battery energy storage project in Sibiu, Romania. The deal structure ties most of the consideration to project mile...
Regulatory Filings and ComplianceStock Split
Nuvve Holding Announces 1-for-18 Reverse Stock Split
Neutral
Jul 1, 2026
On June 30, 2026, Nuvve Holding Corp. filed a Certificate of Amendment in Delaware to implement a 1-for-18 reverse stock split of its common stock, effective at 12:01 a.m. Eastern Time on July 6, 2026. At that time, every eighteen issued and outst...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Nuvve Establishes New Series B Preferred Capital Structure
Neutral
Jun 25, 2026
On March 5, 2026, Nuvve Holding Corp. entered into a series of Omnia Venture Agreements with Oelion AB and OMNIA Group Holdings AG, under which the company agreed to issue Series B Convertible Preferred Stock to Omnia upon shareholder approval and...
Business Operations and StrategyPrivate Placements and FinancingShareholder MeetingsStock Split
Nuvve Holding Shareholders Approve Reverse Split, Equity Issuance
Positive
Jun 23, 2026
On June 23, 2026, Nuvve Holding Corp. held a reconvened special meeting of stockholders after earlier sessions on June 9 and June 15 were adjourned for lack of quorum. With approximately 36.73% of eligible shares represented, the company secured s...
Private Placements and Financing
Nuvve Holding Secures New $1.5 Million Term Loan
Neutral
Jun 18, 2026
On June 12, 2026, Nuvve Holding Corp. entered into a business loan and security agreement with ACH Capital West, LLC for a $1.5 million term loan, requiring weekly payments of $43,437.50 starting June 19, 2026, with principal and interest totaling...
Shareholder Meetings
Nuvve Holding Adjourns Special Stockholder Meeting for Quorum
Negative
Jun 15, 2026
On June 15, 2026, Nuvve Holding Corp. convened a special meeting of stockholders to vote on proposals described in a previously filed proxy statement but failed to achieve a quorum, with 3,118,235 common shares present or represented by proxy, bel...
Shareholder Meetings
Nuvve Holding Adjourns Special Stockholder Meeting for Quorum
Neutral
Jun 9, 2026
On June 9, 2026, Nuvve Holding Corp. convened a special meeting of stockholders to vote on proposals outlined in a previously filed proxy statement, but the 2,926,864 shares present or represented by proxy did not constitute a quorum under its byl...
Financial Disclosures
Nuvve Holding Delays First-Quarter 2026 Earnings Release
Negative
May 15, 2026
On May 15, 2026, Nuvve Holding Corp. announced that it had postponed the release of its earnings press release and conference call for the quarter ended March 31, 2026. The call, originally scheduled for May 15 at 5:00 p.m. Eastern Time, will be r...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and ComplianceShareholder Meetings
Nuvve Holding Simplifies Capital Structure and Security Holder Rights
Positive
May 13, 2026
On May 12, 2026, Nuvve Holding Corp. agreed with certain warrant holders to exchange warrants exercisable for up to 23.8 million common shares for a mix of 13.1 million common shares and pre-funded warrants, significantly simplifying its capital s...
Delistings and Listing ChangesRegulatory Filings and Compliance
Nuvve Faces Imminent Nasdaq Delisting After Bid Price Breach
Negative
Apr 24, 2026
On April 20, 2026, Nuvve Holding Corp. disclosed that it had received a notice from Nasdaq stating the company was no longer in compliance with the exchange’s $1.00 minimum bid price requirement, after its shares traded below that threshold ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.