Nuvve Holding (NVVE) AI Stock Analysis

• Market Cap: $4.25M
• Dividend Yield: N/A
• Average Volume (3M): 3.53M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.38
• Revenue Growth: -9.58%
• EPS Growth: 86.27%
• Country: US
• Employees: 36
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Specialty Retail
• EPS (TTM): -0.24
• Shares Outstanding: 20,252,314
• 10 Day Avg. Volume: 2,525,061
• 30 Day Avg. Volume: 3,532,838
• PEG Ratio: <0.01
• Price to Book (P/B): -1.60
• Price to Sales (P/S): 0.38
• P/FCF Ratio: -0.13
• Enterprise Value/Market Cap: 3.23
• Enterprise Value/Revenue: 2.95
• Enterprise Value/Gross Profit: 8.14
• Enterprise Value/Ebitda: -0.46
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 41 Neutral
• Price Target: $0.17 ▲(58.18% Upside)

Nuvve Holding's overall stock score is primarily impacted by its poor financial performance, with significant challenges in profitability, leverage, and cash flow management. Technical analysis and valuation metrics further highlight the stock's bearish outlook. While strategic expansions offer some future potential, immediate financial and regulatory challenges weigh heavily on the stock's attractiveness.

Positive Factors

Strategic Expansion

The development of battery projects in Denmark with high expected returns indicates strategic growth in renewable energy, enhancing long-term revenue potential.

International Growth

Expansion into Japan with a new battery management agreement signifies Nuvve's growing international presence, supporting future revenue diversification.

Improved Margins

Margin improvement reflects better operational efficiency, which can enhance profitability and financial health over the long term.

Negative Factors

Declining Revenue

A decline in revenue indicates potential challenges in market demand or competitive positioning, affecting long-term growth prospects.

Increased Net Loss

Rising net losses highlight financial strain and may limit the company's ability to invest in growth initiatives, impacting future performance.

High Leverage

High leverage poses a risk to financial stability and limits flexibility in capital allocation, potentially affecting long-term solvency.

Nuvve Holding Business Overview & Revenue Model

Company Description

Nuvve 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 Money

Nuvve generates revenue through multiple channels, primarily by providing its V2G technology and services to fleet operators, utility companies, and businesses seeking to optimize energy use and reduce costs. Key revenue streams include the sale and installation of V2G charging infrastructure, subscription-based services for software platforms that manage energy flow and vehicle utilization, and partnerships with electric utilities that involve revenue-sharing models for energy traded back to the grid. Additionally, Nuvve may benefit from government incentives and grants aimed at promoting renewable energy and EV adoption, further enhancing its earnings potential.

Nuvve Holding Financial Statement Overview

Summary

Nuvve Holding faces significant financial challenges. The income statement shows declining revenues and negative profitability margins. The balance sheet reveals high leverage and negative equity, while cash flow statements indicate cash management issues. These factors highlight the company's struggle to achieve profitability and financial stability.

Income Statement

Nuvve Holding's income statement reveals significant challenges. The company has experienced declining revenue growth, with a negative growth rate of -6.43% in the TTM period. Margins are under pressure, with a gross profit margin of 36.27% but a concerning net profit margin of -641.21%. The EBIT and EBITDA margins are also negative, indicating operational inefficiencies. Overall, the company is struggling to achieve profitability, which is a major concern.

Balance Sheet

The balance sheet shows a precarious financial position. The debt-to-equity ratio is highly negative at -3.67, indicating that the company has more debt than equity, which is risky. The return on equity is positive at 13.27%, but this is due to the negative equity, which skews the ratio. The equity ratio is negative, reflecting a weak capital structure. Overall, the balance sheet suggests high financial leverage and potential solvency issues.

Cash Flow

Cash flow analysis indicates some positive aspects, such as a free cash flow to net income ratio of 1.00, suggesting that the company is generating cash flow relative to its net losses. However, the operating cash flow is negative, and the operating cash flow to net income ratio is -1.22, highlighting cash flow challenges. The free cash flow growth rate is positive at 10.96%, but overall cash flow management remains a concern.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.65M	5.29M	8.33M	5.37M	2.92M	1.94M
Gross Profit	1.69M	1.75M	1.35M	1.18M	918.43K	1.42M
EBITDA	-30.00M	-20.12M	-31.71M	-36.63M	-27.11M	-4.40M
Net Income	-29.83M	-17.40M	-31.28M	-24.02M	-72.48M	-4.89M
Balance Sheet
Total Assets	16.76M	16.80M	20.95M	41.20M	52.91M	7.16M
Cash, Cash Equivalents and Short-Term Investments	939.41K	371.50K	1.53M	15.75M	32.36M	2.28M
Total Debt	7.60M	10.66M	5.50M	5.91M	3.48M	4.29M
Total Liabilities	18.67M	18.09M	13.96M	13.96M	23.00M	8.04M
Stockholders Equity	-1.41M	-1.26M	7.69M	27.64M	29.51M	-881.71K
Cash Flow
Free Cash Flow	-15.98M	-15.78M	-21.44M	-34.52M	-29.46M	-3.10M
Operating Cash Flow	-15.93M	-15.73M	-21.25M	-34.08M	-29.19M	-3.08M
Investing Cash Flow	-385.14K	-45.40K	1.14M	-1.44M	-265.48K	-22.50K
Financing Cash Flow	16.78M	14.46M	5.86M	19.06M	59.72M	5.24M

Nuvve Holding Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.11
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 0.11 is below the 20-day moving average (MA) of 0.22, below the 50-day MA of 0.22, and below the 200-day MA of 0.77, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 37.54 is Neutral, neither overbought nor oversold. The STOCH value of 8.13 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NVVE.

Nuvve Holding Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BWMX	73 Outperform	$533.63M	10.19	79.76%	8.29%	-7.03%	1.04%
ARKO	69 Neutral	$498.32M	56.96	4.94%	2.39%	-12.61%	-27.22%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
EVGO	51 Neutral	$1.06B	―	―	―	39.21%	9.08%
CHPT	48 Neutral	$220.68M	―	-219.20%	―	-6.32%	28.82%
NAAS	46 Neutral	$3.13M	―	―	―	-15.86%	41.03%
NVVE	41 Neutral	$4.25M	-0.01	-3734.39%	―	-9.58%	86.27%

Nuvve Holding Corporate Events

Nuvve Holding Announces 1-for-40 Reverse Stock Split

On December 11, 2025, Nuvve Holding Corp. announced a reverse stock split of its common stock at a 1-for-40 ratio, effective December 15, 2025. This move will reduce the number of outstanding shares from approximately 53 million to 1.3 million, impacting convertible securities and adjusting conversion and exercise prices accordingly.

Nuvve Holding Announces 1-for-40 Reverse Stock Split

On December 10, 2025, Nuvve Holding Corp. announced a 1-for-40 reverse stock split of its common stock, effective December 15, 2025, to comply with Nasdaq’s minimum bid price requirement. This move will reduce the number of outstanding shares from approximately 53 million to 1.3 million, while maintaining the total authorized shares. The reverse stock split is part of Nuvve’s strategy to maintain its listing on the Nasdaq Capital Market.

Nuvve Holding Announces Strategic AIR Issuance

Nuvve Holding has announced an AIR Issuance, a strategic move expected to bring various benefits and involve specific transactions. However, these forward-looking statements are subject to risks and uncertainties, which could lead to different outcomes than anticipated.

Nuvve Holding Announces $5M Securities Purchase Agreement

On November 14, 2025, Nuvve Holding Corp. announced a Securities Purchase Agreement involving the issuance and sale of Series A Convertible Preferred Stock and warrants, valued at $5 million, with a purchase price of $4.5 million. The agreement includes provisions for a special stockholder meeting by December 31, 2025, to approve the issuance of shares beyond 19.99% of the company’s outstanding common stock. The preferred stock offers an 8% annual dividend, potentially increasing to 18%, and the warrants have a five-year term. The company also entered an Equity Line of Credit Facility agreement to sell up to $25 million of common stock, with proceeds intended for working capital and general purposes.

Nuvve Holding Raises $5.6M Amid Revenue Decline

In the third quarter of 2025, Nuvve Holding Corp. reported a revenue of $1.6 million, a decrease from the previous year’s $1.9 million, primarily due to a drop in services revenue. Despite this, the company raised $5.6 million through public offerings and debt to support growth initiatives. The net loss increased to $4.8 million, attributed to higher operating expenses and a decrease in revenue. The company also saw a 3.1% increase in megawatts under management from the previous quarter, focusing on expanding its stationary battery pipeline in North America, Europe, and Japan.

Nuvve Holding Granted Nasdaq Compliance Extension

On August 27, 2025, Nuvve Holding Corp. received a notice from Nasdaq indicating non-compliance with the Bid Price Rule due to its stock price falling below $1.00 per share for 30 consecutive trading days. Additionally, the company is non-compliant with the Equity Rule, posing a risk of delisting. Following a hearing request on September 3, 2025, Nasdaq granted Nuvve an extension until December 31, 2025, to regain compliance, although there is no assurance of success.

Nuvve Holding Approves Reverse Stock Split Proposal

On October 6, 2025, Nuvve Holding Corp. held a Special Meeting of Stockholders where they approved a reverse stock split of their common stock, allowing the board to determine the exact ratio within a range of 1-for-2 to 1-for-40. The meeting also included an adjournment proposal, which was deemed unnecessary as there were sufficient votes to approve the reverse stock split proposal.

Nuvve Holding Announces Strategic AIR Issuance

Nuvve Holding has announced the AIR Issuance, a strategic financial move aimed at enhancing its operations. The announcement includes forward-looking statements about the expected benefits and use of proceeds, though it cautions that actual results may vary due to various risks and uncertainties.