Nuvve (NASDAQ:NVVE) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of Nuvve (NASDAQ:NVVE) to a hold rating in a report released on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Nuvve in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Nuvve Price Performance

Shares of Nuvve stock opened at $3.81 on Friday. Nuvve has a 1 year low of $3.21 and a 1 year high of $200.80. The firm’s 50-day moving average is $7.99 and its 200 day moving average is $19.76. The stock has a market cap of $3.20 million, a price-to-earnings ratio of -0.01 and a beta of 1.75.

Nuvve (NASDAQ:NVVE) last announced its quarterly earnings data on Thursday, November 13th. The company reported ($9.60) earnings per share for the quarter. The company had revenue of $1.60 million for the quarter.

Insider Buying and Selling at Nuvve

In other Nuvve news, CEO Gregory Poilasne sold 2,500 shares of the stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $10.80, for a total transaction of $27,000.00. Following the completion of the sale, the chief executive officer directly owned 38,911 shares of the company’s stock, valued at $420,238.80. This trade represents a 6.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold a total of 8,150 shares of company stock valued at $73,680 over the last three months. Corporate insiders own 17.50% of the company’s stock.

Institutional Trading of Nuvve

Large investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC purchased a new stake in Nuvve during the 3rd quarter valued at $29,000. PFG Investments LLC bought a new position in Nuvve during the third quarter valued at $41,000. Finally, Heritage Investors Management Corp purchased a new stake in shares of Nuvve in the second quarter valued at $95,000. Institutional investors own 19.01% of the company’s stock.

Nuvve Company Profile

Nuvve Corporation is a clean energy technology company specializing in vehicle-to-grid (V2G) solutions that enable electric vehicles to serve as distributed energy resources. Through its proprietary Grid Integrated Vehicle (GIVe) software platform, Nuvve aggregates electric vehicle batteries into a virtual power plant to provide grid services such as frequency regulation, peak shaving and demand response. The company’s technology supports bidirectional charging hardware and integrates with public charging networks, fleet vehicles and stationary energy storage systems.

Founded in 2010 and headquartered in Newark, California, Nuvve began as the Nevada Electric Vehicle Accelerator before rebranding to reflect its expanded global mission.