Nuvve (NASDAQ:NVVE) Releases Earnings Results

Nuvve (NASDAQ:NVVE) posted its quarterly earnings data on Thursday. The company reported ($0.24) EPS for the quarter, Zacks reports. The firm had revenue of $1.60 million during the quarter.

Nuvve Stock Performance

Shares of NASDAQ NVVE traded down $0.22 during mid-day trading on Friday, reaching $0.26. The company’s stock had a trading volume of 76,935,158 shares, compared to its average volume of 30,467,020. Nuvve has a 52 week low of $0.15 and a 52 week high of $5.02. The stock has a fifty day moving average of $0.24 and a two-hundred day moving average of $0.67.

Analyst Ratings Changes

Several research firms have issued reports on NVVE. Wall Street Zen lowered Nuvve from a “hold” rating to a “sell” rating in a report on Saturday, August 16th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Nuvve in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Insider Buying and Selling

In other Nuvve news, CEO Gregory Poilasne sold 200,000 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $0.47, for a total value of $94,000.00. Following the completion of the transaction, the chief executive officer directly owned 333,475 shares in the company, valued at $156,733.25. This represents a 37.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 10.59% of the company’s stock.

Nuvve Company Profile

Nuvve Holding Corp., a green energy technology company, provides commercial vehicle-to-grid (V2G) technology platform in the United States, the United Kingdom, France, and Denmark. The company offers Grid Integrated Vehicle platform, which enables electric vehicle (EV) batteries to store and resell unused energy back to the local electric grid and provide other grid services, as well as allows EV owners to meet the energy demands of individual vehicles and entire fleets.