Nuvve Corporation received a mixed assessment from analysts recently, with Wall Street Zen upgrading the company’s stock to a hold rating in a report released on Saturday. In contrast, Weiss Ratings reiterated a “sell (e+)” rating on October 8. Currently, one investment analyst maintains a sell rating on the stock, leading to an average rating of “sell” according to data from MarketBeat.com.
Nuvve’s Financial Performance and Insider Transactions
Nuvve last reported its quarterly earnings on November 13, revealing a loss of $9.60 per share (EPS) for the quarter. The company generated revenue of $1.60 million during the same period. In a notable insider transaction, CEO Gregory Poilasne sold 2,500 shares on November 26 for an average price of $10.80, totaling $27,000. Following this transaction, Poilasne holds 38,911 shares in the company, valued at approximately $420,238.80, reflecting a 6.04% decrease in his position. The details of this transaction have been disclosed in a legal filing with the Securities and Exchange Commission (SEC).
In the past 90 days, insiders have sold 8,150 shares of Nuvve, amounting to $73,680. Corporate insiders currently own 17.50% of the company’s stock.
Investment Activity from Institutional Investors
Several large institutional investors have recently altered their stakes in Nuvve. Citadel Advisors LLC established a new position in the third quarter, valued at approximately $29,000. Similarly, PFG Investments LLC entered the market with a new position worth around $41,000. Additionally, Heritage Investors Management Corp acquired shares in Nuvve in the second quarter, with a total investment of approximately $95,000. Institutional investors now hold 19.01% of the company’s stock.
Nuvve Corporation, founded in 2010 and headquartered in Newark, California, specializes in clean energy technology, particularly in vehicle-to-grid (V2G) solutions. The company’s proprietary Grid Integrated Vehicle (GIVe) software platform allows electric vehicles to function as distributed energy resources, aggregating batteries into a virtual power plant. This technology provides essential grid services, including frequency regulation and peak shaving, and supports bidirectional charging hardware integrated with public charging networks, fleet vehicles, and stationary energy storage systems.
As Nuvve navigates this complex landscape of market perceptions and financial performance, the share performance will likely continue to be closely monitored by analysts and investors alike.
