Nuvve (NASDAQ:NVVE) Issues Quarterly Earnings Results

Nuvve (NASDAQ:NVVE) announced its earnings results on Friday. The company reported ($4.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($86,400.00) by $86,395.98, FiscalAI reports. The firm had revenue of $1.09 million for the quarter, compared to analyst estimates of $2.50 million.

Nuvve Stock Up 4.0%

Shares of NVVE traded up $0.02 during trading hours on Friday, reaching $0.64. The company’s stock had a trading volume of 7,338 shares, compared to its average volume of 442,067. The company has a 50 day moving average of $1.09 and a two-hundred day moving average of $8.08. The firm has a market cap of $335,737.50, a price-to-earnings ratio of -0.00 and a beta of 1.66. Nuvve has a 1-year low of $0.54 and a 1-year high of $252.00.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Nuvve in a research report on Friday, July 17th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Nuvve Company Profile

Nuvve Holding Corp. develops vehicle-to-grid (V2G) technology designed to connect electric vehicles with the power grid. Its platform uses bidirectional charging, allowing electricity to flow between electric vehicles and the grid so vehicle batteries can serve as distributed energy resources when they are connected and available. The company provides charging hardware, cloud-based software, and energy-management services for electric-vehicle fleets. Its solutions are intended for applications including school buses, commercial fleets, public transportation, and other vehicles that have predictable charging schedules.