Nuvve (NASDAQ:NVVE) Upgraded at Wall Street Zen

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

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

Nuvve Price Performance

Shares of NVVE stock opened at $0.60 on Friday. The company has a market capitalization of $3.19 million, a price-to-earnings ratio of 0.00 and a beta of 1.98. Nuvve has a one year low of $0.51 and a one year high of $142.00. The company’s fifty day moving average price is $0.97 and its 200-day moving average price is $4.60.

Nuvve (NASDAQ:NVVE) last announced its quarterly earnings data 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 firm had revenue of $1.95 million for the quarter, compared to the consensus estimate of $1.90 million.

Hedge Funds Weigh In On Nuvve

Several institutional investors have recently bought and sold shares of NVVE. PFG Investments LLC purchased a new position in Nuvve during the third quarter valued at $41,000. Citadel Advisors LLC purchased a new position in Nuvve during the third quarter valued at $29,000. Finally, Geode Capital Management LLC grew its stake in Nuvve by 69.0% during the fourth quarter. Geode Capital Management LLC now owns 37,234 shares of the company’s stock valued at $95,000 after acquiring an additional 15,208 shares in the last quarter. 19.01% of the stock is owned by hedge funds and other institutional investors.

About Nuvve

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.