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

Nuvve (NASDAQ:NVVE) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Nuvve in a research report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Nuvve Stock Performance

NASDAQ NVVE opened at $0.67 on Friday. Nuvve has a one year low of $0.51 and a one year high of $142.00. The company has a 50-day simple moving average of $0.99 and a 200-day simple moving average of $4.74. The firm has a market capitalization of $752,080.00, a PE ratio of 0.00 and a beta of 1.98.

Nuvve (NASDAQ:NVVE) last posted its quarterly earnings results on Tuesday, March 31st. The company reported ($2.74) EPS for the quarter, beating the consensus estimate of ($1,920.00) by $1,917.26. The business had revenue of $1.95 million during the quarter, compared to analyst estimates of $1.90 million.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. PFG Investments LLC purchased a new position in Nuvve during the third quarter valued at approximately $41,000. Citadel Advisors LLC acquired a new stake in Nuvve in the third quarter valued at approximately $29,000. Finally, Geode Capital Management LLC boosted its position in Nuvve by 69.0% during the fourth quarter. Geode Capital Management LLC now owns 37,234 shares of the company’s stock worth $95,000 after purchasing an additional 15,208 shares during the period. 19.01% of the stock is owned by hedge funds and other institutional investors.

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.