Nuvve Holding ( (NVVE) ) has issued an update.
On March 31, 2025, Nuvve Holding Corp. reported its financial results for the fourth quarter and full year of 2024. The company increased its megawatts under management by 22.3% and reduced operating expenses significantly. Despite a modest revenue increase, Nuvve faced a decrease in product and service margins due to a higher mix of hardware sales. The company also became the 100% owner of Levo after acquiring the remaining membership interest. CEO Gregory Poilasne expressed optimism for 2025, citing a strong customer backlog and a new contract with the State of New Mexico.
More about Nuvve Holding
Nuvve Holding Corp. is a leader in grid modernization and vehicle-to-grid (V2G) technology, offering an intelligent energy platform that manages power between electric vehicle (EV) batteries and the grid. The company aims to enhance sustainable transportation and support the transition to clean energy by transforming EVs into mobile energy storage assets. Headquartered in San Diego, California, Nuvve provides turnkey electrification solutions for various fleet types globally.
YTD Price Performance: -48.73%
Average Trading Volume: 1,449,611
Technical Sentiment Signal: Buy
Current Market Cap: $2.09M
Learn more about NVVE stock on TipRanks’ Stock Analysis page.