Nuvve (NASDAQ:NVVE) versus Solid Power (NASDAQ:SLDP) Financial Review

Nuvve (NASDAQ:NVVE) and Solid Power (NASDAQ:SLDP) are both small-cap auto/tires/trucks companies, but which is the superior business? We will contrast the two businesses based on the strength of their institutional ownership, analyst recommendations, valuation, dividends, risk, profitability and earnings.

Volatility and Risk

Nuvve has a beta of 1.44, indicating that its share price is 44% more volatile than the S&P 500. Comparatively, Solid Power has a beta of 1.91, indicating that its share price is 91% more volatile than the S&P 500.

Analyst Ratings

This is a summary of current ratings and price targets for Nuvve and Solid Power, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Nuvve	1	0	0	0	1.00
Solid Power	1	1	2	0	2.25

Solid Power has a consensus price target of $7.00, indicating a potential upside of 134.90%. Given Solid Power’s stronger consensus rating and higher probable upside, analysts clearly believe Solid Power is more favorable than Nuvve.

Insider and Institutional Ownership

19.0% of Nuvve shares are held by institutional investors. Comparatively, 33.7% of Solid Power shares are held by institutional investors. 17.5% of Nuvve shares are held by company insiders. Comparatively, 5.7% of Solid Power shares are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.

Valuation and Earnings

This table compares Nuvve and Solid Power”s gross revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Nuvve	$4.79 million	0.53	-$30.82 million	($255.98)	0.00
Solid Power	$21.75 million	30.82	-$93.41 million	($0.48)	-6.21

Nuvve has higher earnings, but lower revenue than Solid Power. Solid Power is trading at a lower price-to-earnings ratio than Nuvve, indicating that it is currently the more affordable of the two stocks.

Profitability

This table compares Nuvve and Solid Power’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Nuvve	-640.26%	N/A	-158.84%
Solid Power	-485.47%	-21.57%	-20.02%

Summary

Solid Power beats Nuvve on 10 of the 14 factors compared between the two stocks.

About Nuvve

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. 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. In addition, the company offers networked charging stations, infrastructure, software, professional services, support, monitoring, and parts and labor warranties required to run electric vehicle fleets. It serves its products to owners/operators of light duty fleets, heavy duty fleets, automotive manufacturers, charge point operators, and strategic partners. The company was founded in 2010 and is headquartered in San Diego, California.

About Solid Power

Solid Power, Inc. develops solid state battery technologies for the electric vehicles (EV) and other markets in the United States. The company sells its sulfide-based solid electrolyte; and licenses its solid-state cell designs and manufacturing processes. It also produces and sells 0.2, 2, 20 ampere-hour (Ah), and EV cells. Solid Power, Inc. was founded in 2011 and is headquartered in Louisville, Colorado.