Nuvve Holding (NVVE)
NASDAQ:NVVE
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Nuvve Holding
(NASDAQ:NVVE)
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Rating:43Neutral
Price Target:
$0.33
▼(-90.93% Downside)
Action:Reiterated
Date:05/15/26
The score is held down primarily by weak financial performance—outsized losses, ongoing cash burn, and balance-sheet/equity volatility—along with a poor long-term price trend. Earnings-call commentary and corporate actions provide some upside through cost cuts, improved liquidity, and a potentially meaningful European/Japan pipeline, but these are outweighed by limited near-term visibility (backlog drop, impairment/product issues) and elevated listing-risk.
Positive Factors
Large European OMNIA pipeline
The OMNIA partnership grants Nuvve pipeline exposure exceeding 1 GW and three announced projects (150 MW). Exclusive managerial and aggregation rights plus long-term service arrangements create a durable path to recurring, contract-backed revenue and scale in European BESS markets over 2–24 months.
Negative Factors
Persistent negative cash flow
The company continues to generate substantial negative operating and free cash flow, implying ongoing reliance on external financing. Persistent cash burn constrains investment in deployments, forces dilutive raises or costly debt, and raises execution risk if project monetization or financings slip over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Large European OMNIA pipeline
The OMNIA partnership grants Nuvve pipeline exposure exceeding 1 GW and three announced projects (150 MW). Exclusive managerial and aggregation rights plus long-term service arrangements create a durable path to recurring, contract-backed revenue and scale in European BESS markets over 2–24 months.
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
$1.83M
Dividend YieldN/A
Average Volume (3M)3.53M
Price to Earnings (P/E)―
Beta (1Y)0.77
Revenue Growth-8.90%
EPS Growth80.07%
CountryUS
Employees36
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)-12.62
Shares Outstanding5,311,904
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 Cap0.42
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., 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 statio...
How the Company Makes Money
Nuvve’s business model centers on monetizing EV batteries as grid-connected energy assets using its V2G software platform and related services. The company earns revenue primarily through (1) grid services/energy market participation, where it agg...
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
28
Negative
Cash Flow
12
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 | -20.12M | -31.71M | -36.63M | -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
0.55
Negative
1.26
Negative
5.99
Negative
Market Momentum
-0.06
Negative
38.00
Neutral
12.46
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 3.67 is above the 20-day moving average (MA) of 0.36, above the 50-day MA of 0.55, and below the 200-day MA of 5.99, indicating a bearish trend. The MACD of -0.06 indicates Negative momentum. The RSI at 38.00 is Neutral, neither overbought nor oversold. The STOCH value of 12.46 is Positive, 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 | $614.52M | 0.56 | 589.33% | 8.47% | 5.55% | 111.18% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
51 Neutral | $815.59M | -23.30 | 7.19% | 2.59% | -10.63% | 672.41% | |
49 Neutral | $152.11M | ― | -353.75% | ― | -1.40% | 27.85% | |
48 Neutral | $31.67M | ― | ― | ― | ― | ― | |
46 Neutral | $577.50M | ― | -232.15% | ― | 51.05% | 14.89% | |
43 Neutral | $1.83M | -0.10 | -3734.39% | ― | -8.90% | 80.07% |
* Consumer Cyclical Sector Average
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Nuvve Holding Corporate Events
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 ...
Business Operations and Strategy
Nuvve Preferred Holders Waive Rights, Streamlining Capital Structure
Positive
Apr 6, 2026
On March 31, 2026, certain holders of Nuvve Holding Corp.’s Series A Convertible Preferred Stock agreed to waive their contractual right to receive Alternate Consideration in the event of a Fundamental Transaction, as defined in the security...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Nuvve Shifts Toward Stationary Storage Amid Cost Reductions
Neutral
Apr 1, 2026
Nuvve Holding Corp., a specialist in vehicle-to-grid technology and grid modernization solutions, reported its fourth quarter and full-year 2025 financial update on March 31, 2026, highlighting modest revenue growth but significant cost reductions...
Business Operations and Strategy
Nuvve Expands European Battery Storage Through OMNIA Partnership
Positive
Mar 6, 2026
On March 6, 2026, Nuvve Holding Corp. signed a series of agreements with Sweden’s Oelion AB and Switzerland’s OMNIA Group Holdings AG that give it an option on a 50 MW battery energy storage project in Marviken, Sweden, and exclusive r...
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.