About Nuvve Holding Corp. Nuvve Holding Corp. (Nasdaq: NVVE) powers the future of flexible energy by turning batteries, electric vehicles (EV), buildings, and distributed assets into dynamic grid resources. At the core is Nuvve's advanced platform for intelligent energy management and vehicle-to-grid (V2G), orchestrating real-time bidirectional charging, load optimization, and grid services. By harnessing an ecosystem of electrification partners, fleets, stationary storage, and smart EV chargers, Nuvve help ...

Core Insights - Nuvve (NVVE) shares experienced a nearly 50% increase following the announcement of a significant green energy partnership in New Mexico [1][3] - The partnership involves an MOU with the City of Socorro and Socorro Electric Cooperative, focusing on transportation electrification, grid modernization, and community resilience initiatives [1][4] Company Developments - The New Mexico deal validates Nuvve's vehicle-to-grid (V2G) technology platform and battery-as-a-service (BaaS) models, showcasing real-world applications of its energy management systems [3][4] - This partnership expands Nuvve's presence in municipal and cooperative energy markets, indicating that its V2G and BaaS models can scale beyond pilot projects [4] Market Context - Despite the surge in stock price, NVVE is trading at a fraction of its value from the beginning of 2025, highlighting ongoing financial distress [2][5] - The stock's dramatic price movement reflects the speculative nature of emerging green tech stocks and the volatility associated with small-cap companies [6] Analyst Coverage - Nuvve currently lacks Wall Street coverage, which limits analyst insights, institutional interest, and liquidity in the stock [7]

Market Performance - U.S. stocks experienced a positive trading session, with the Dow Jones increasing by 1.20% to 46,299.83, gaining over 500 points [1] - The NASDAQ rose by 0.66% to 22,224.05, while the S&P 500 increased by 0.91% to 6,598.00 [1] - Health care shares saw a significant jump of 2.4%, while information technology stocks had a modest rise of 0.1% [1] Company Updates - Elastic N.V. (NYSE:ESTC) shares fell by 15% to $69.96 despite posting strong second-quarter earnings [4] - authID Inc (NASDAQ:AUID) shares dropped by 22% to $1.3350 following the announcement of a registered direct offering valued at approximately $3.675 million [4] - Pasithea Therapeutics Corp (NASDAQ:KTTA) shares decreased by 21% to $0.3337 after releasing interim Phase 1 trial data for PAS-004 [5] - Iveda Solutions Inc (NASDAQ:IVDA) shares surged by 28% to $0.8351 due to a new manufacturing partnership in Egypt [9] - Nuvve Holding Corp (NASDAQ:NVVE) shares increased by 42% to $0.2327 after entering a Memorandum of Understanding for transportation electrification [9] - Enviri Corporation (NYSE:NVRI) shares rose by 29% to $17.50 following a $3.04 billion clean earth sale to Veolia [9] Economic Indicators - The University of Michigan's consumer sentiment index increased to 51.0 in November from a preliminary reading of 50.3 [2][12] - U.S. wholesale inventories remained flat at approximately $908 billion in August, compared to a revised 0.1% gain in July [12] - The S&P Global composite PMI rose to 54.8 in November, up from 54.6 in October, exceeding market expectations [12] - The S&P Global services PMI increased to 55 in November, while the manufacturing PMI declined to 51.9, marking the lowest reading in four months [12]

Core Insights - Nuvve Holding Corp. shares experienced a significant surge of 76.78% in after-hours trading, reaching a price of $0.29 [1] - The company has signed a Memorandum of Understanding (MOU) with local entities in Socorro, New Mexico, to enhance community resilience and modernize electric infrastructure [2] Partnership Details - The MOU involves collaboration between the City of Socorro, Socorro Electric Cooperative, and Nuvve New Mexico to advance transportation electrification and improve local electric infrastructure [2] - Key signatories include Nuvve New Mexico CEO Ted Smith, Socorro Electric Cooperative CEO Manuel Gonzales, and Mayor Dr. Ravi Bhasker [2] Strategic Initiatives - The partnership targets six main areas: modernizing the grid with distributed batteries and microgrids, electrifying school buses, replacing municipal fleets, implementing demand charge mitigation strategies, expanding charging infrastructure, and integrating renewable energy [3] Market Implications - A joint working group will be established to coordinate projects and seek funding opportunities at state and federal levels [4] - The agreement highlights a trend of collaboration among state, municipal, and cooperative entities in New Mexico, utilizing technologies like vehicle-to-grid integration and Battery-as-a-Service models [4] Stock Performance - Nuvve Holding's stock has declined by 94.81% since the start of the year, with a market capitalization of $5.64 million [5] - The stock's annual trading range is between $0.15 and $5.02, and it closed at $0.16, down 15.67% in the regular session prior to the surge [5]

Company Performance - OneConstruction Group Limited (NASDAQ:ONEG) experienced a stock price decline of 57.16%, dropping to $4.39 from a year-high of $13.5, with a revenue decrease of 16.2% to $53.2 million from $63.5 million [2][8] - Nuvve Holding Corp. (NASDAQ:NVVE) saw a 43.46% drop in stock price to $0.26, prompting the company to initiate a strategic financing initiative to strengthen its equity position [3][8] - TSS, Inc. (NASDAQ:TSSI) faced a 43.08% decline in stock price to $8.68, despite enhancing its AI and high-performance computing strategy by appointing a new board member with extensive experience [4][8] - Republic Power Group Limited (NASDAQ:RPGL) witnessed a 42.96% decline in stock price to $0.84, raising investor concerns about its market position, although it successfully closed an initial public offering of 2,120,000 Class A ordinary shares at $4.00 each [5][8] - Davis Commodities Limited (NASDAQ:DTCK) saw its stock price fall by 41.59% to $0.64, reflecting market reactions to global trade dynamics, while exploring a new vertical in the specialty food ingredients market projected to reach approximately $97.3 billion by 2025 [6][8] Market Sentiment - The significant price movements of these companies underscore the volatility and risks inherent in the stock market, influenced by company-specific developments, sectoral trends, and broader economic factors [7]

Core Insights - Nuvve Holding Corp. announced a strategic financing initiative to strengthen its equity position, which includes seeking shareholder approval to issue convertible preferred stock and enter into an equity line of credit for up to a combined $50 million [1][3] Financing Details - The company has executed a private placement securities purchase agreement and an equity line of credit, aimed at enhancing its balance sheet and solidifying its equity position [1][3] - Following shareholder approval, the additional capital is expected to provide flexibility for ongoing operations and future growth initiatives [3] Compliance with Nasdaq - Nasdaq has set December 31, 2025, as the deadline for the company to meet its minimum bid price and shareholder equity requirements [2] - The company received shareholder approval for a reverse stock split in October 2025, which is intended to help meet Nasdaq's minimum bid price requirement of $1 by the deadline [2] Strategic Positioning - The company believes that the new financing arrangements will position it well to satisfy Nasdaq's minimum equity requirements for the foreseeable future [3] - CEO Gregory Poilasne emphasized that these developments strengthen the company's ability to execute its business objectives and deliver value to shareholders, customers, and partners [4]

Group 1: RLX Technology Inc - RLX Technology Inc reported quarterly earnings of 3 cents per share on sales of $158.600 million [1] - Shares of RLX Technology rose 6% to $2.47 in pre-market trading following the earnings report [1] Group 2: Other Stocks in Pre-Market Trading - Cidara Therapeutics, Inc. surged 92% to $203.50 after a Schedule 13D Amendment revealed beneficial ownership of 3.37 million shares [4] - Binah Capital Group, Inc. gained 52.2% to $2.17 after posting stronger-than-expected third-quarter results [4] - Expion360 Inc. rose 42.4% to $1.81 following its third-quarter results [4] - Aspire Biopharma Holdings, Inc. surged 31.2% to $0.1380 in pre-market trading [4] - Invivyd, Inc. gained 28.8% to $2.28 after reporting better-than-expected third-quarter financial results [4] - Milestone Scientific Inc. surged 26.3% to $0.4801 after reporting better-than-expected third-quarter sales [4] - Lazydays Holdings, Inc. gained 23.3% to $1.85 after a previous surge [4] - Omeros Corp gained 12.5% to $7.08 following a narrower-than-expected quarterly loss [4] - Nouveau Monde Graphite Inc rose 10% to $3.25 after a decline the previous day [4] Group 3: Declining Stocks in Pre-Market Trading - TSS Inc tumbled 40.2% to $9.10 after reporting a year-over-year decrease in third-quarter results [4] - enVVeno Medical Corp declined 35.8% to $0.42 after an unfavorable FDA appeal decision [4] - Nuvve Holding Corp fell 29.3% to $0.34 after announcing third-quarter results [4] - ESS Tech Inc shares dipped 24.2% to $3.22 after reporting weak quarterly sales [4] - Direct Digital Holdings Inc fell 18.8% to $0.23 after a significant gain the previous day [4] - StubHub Holdings Inc fell 18.8% to $15.28 after worse-than-expected third-quarter EPS results [4] - Mangoceuticals Inc dipped 17.7% to $0.98 after a decline the previous day [4] - Red Cat Holdings Inc dipped 15.1% to $6.57 after worse-than-expected financial results and a lowered FY25 sales guidance [4] - WhiteFiber Inc fell 13.4% to $17.21 after reporting worse-than-expected financial results [4] - Sobr Safe Inc fell 12.4% to $2.21 after a decline the previous day [4]

Financial Data and Key Metrics Changes - In Q3 2025, total revenues were $1.6 million, down from $1.9 million in Q3 2024, primarily due to lower service revenues from the absence of management fees related to the Fresno EV infrastructure project [8][10] - Year-to-date revenues through September 30, 2025, were $2.8 million compared to $3.5 million for the same period last year, reflecting a similar decline driven by lower service revenues [8][10] - Gross margins year-to-date increased to 46.8% from 42% in the prior year, showing a 480 basis point improvement due to higher profitability on service revenues [9] - Operating costs, excluding cost of sales, were $5.9 million in Q3 2025, significantly lower than $15 million in Q2 2025, but higher than $2.8 million in Q3 2024 [10] Business Line Data and Key Metrics Changes - The company is focusing on stationary battery deployment, with three 2 MW battery projects in Denmark representing about $10 million in CapEx and a forecasted internal rate of return greater than 25% [3][4] - The Japanese subsidiary concluded an agreement for a 2 MW battery project with an energy capacity of 8.2 MWh, expected to operate in the first half of 2026, with similar or greater revenue potential compared to Denmark [5] Market Data and Key Metrics Changes - Megawatts under management increased by 3.1% from Q2 2025 to 26.4 megawatts, although this represents a 9.6% decrease compared to Q3 2024 [13] - The year-over-year decline in megawatts under management is attributed to the decommissioning of batteries due to site requirements [13] Company Strategy and Development Direction - The company is shifting focus towards stationary storage and expects to see more project opportunities in Europe, Japan, and the United States [5][6] - Fundraising efforts are underway, with confidence in addressing bid price and shareholder equity deficiencies by the end of December 2025 [6] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growth of stationary batteries and the potential for revenue acceleration over the next 18 months [5][6] - The company anticipates improvements in cash burn due to lower operating costs compared to the previous year [15] Other Important Information - The company has received shareholder approval for a reverse stock split to address NASDAQ compliance issues [6] - Hardware revenue is expected to be strong in Q4 2025, aligning with management's expectations [8] Q&A Session Summary - No questions were raised during the Q&A session, leading to a conclusion of the call [17]

Revenue Performance - Total revenue for Q3 2025 was $1.60 million, a decrease of 17% compared to $1.92 million in Q3 2024[257]. - Total revenue for the three months ended September 30, 2025, was $1.60 million, a decrease of 16.7% from $1.92 million in the same period of 2024, primarily due to a $0.88 million decrease in services revenue[259]. - For the nine months ended September 30, 2025, total revenue was $2.84 million, down 18.7% from $3.50 million in the same period of 2024, with a $0.95 million decrease in services revenue[260]. Revenue Breakdown - Product revenue increased by 74% to $947,561 in Q3 2025 from $543,834 in Q3 2024, while service revenue decreased by 70% to $380,876 from $1,265,499[258]. - Cost of products and services revenue decreased to $0.8 million for the three months ended September 30, 2025, down 16.5% from $0.9 million in the same period of 2024[261]. Operating Loss and Expenses - Operating loss for Q3 2025 was $5.11 million, a 178% increase from a loss of $1.84 million in Q3 2024[258]. - Selling, general and administrative expenses increased by 124% to $4.76 million in Q3 2025 from $2.13 million in Q3 2024[258]. - Research and development expenses rose by 66% to $1.18 million in Q3 2025 compared to $710,291 in Q3 2024[258]. - Net loss for the three months ended September 30, 2025, was $4.8 million, an increase of 190.6% from $1.6 million in the same period of 2024[273]. - The company incurred operating losses of approximately $25.5 million as of the nine months ended September 30, 2025[278]. Financial Position - As of September 30, 2025, the company had a cash balance of $0.9 million and a total equity deficit of $1.9 million[278]. - As of September 30, 2025, total outstanding principal balance of debt is $3,112.7 million, down from $5,572.0 million as of December 31, 2024, representing a reduction of approximately 44.0%[286]. - Long-term debt, net of current portion, remains stable at $840.5 million as of September 30, 2025, unchanged from December 31, 2024[286]. Cash Flow - Net cash used in operating activities for the nine months ended September 30, 2025, was $12.3 million, slightly higher than $12.2 million for the same period in 2024, indicating a marginal increase of 0.8%[291]. - Cash used for investing activities increased to $0.40 million in the nine months ended September 30, 2025, compared to $0.05 million in the same period of 2024, reflecting an increase of 700%[292]. - Net cash provided by financing activities for the nine months ended September 30, 2025, was $13.3 million, compared to $11.1 million in 2024, marking an increase of approximately 19.8%[293]. Legal and Operational Developments - The company has initiated legal action against Rhombus for warranty and commissioning obligations related to DC Chargers purchased, indicating ongoing disputes affecting operations[290]. - The company expects to pay approximately $2.40 million for certain DC Chargers upon shipment, with a minimum of 50% to be paid within 12 months after the settlement date[289]. - The company formed Deep Impact 1 LLC, holding a 51% equity interest, to operate and maintain electric vehicle chargers[246]. - Nuvve New Mexico LLC was established to support a recently awarded contract, with two members admitted holding 150,000 Class B units at $1.00 per unit[250]. Strategic Initiatives - The company has not yet implemented any measures related to its digital asset strategy and did not hold any cryptocurrency assets as of September 30, 2025[256]. - The company filed a shelf registration statement allowing it to issue up to $300.0 million in various securities, effective July 7, 2025[280]. - The July 2025 Offering generated approximately $5.5 million in gross proceeds before expenses[281]. - The company has not engaged in any off-balance sheet arrangements, indicating a straightforward financial structure[295]. - The company continues to rely on the exemptions provided by the JOBS Act as an emerging growth company, which may affect comparability with other public companies[301].

Revenue Performance - Total revenue for Q3 2025 was $1.6 million, a decrease of 16.7% from $1.92 million in Q3 2024[4] - Total revenue for Q3 2025 was $1,598,627, a decrease of 16.7% compared to $1,918,218 in Q3 2024[25] - Products and services revenue for Q3 2025 included $0.95 million from DC and AC Chargers, $0.01 million from grid services, and $0.37 million from engineering services[4] - Product revenue increased to $947,561 in Q3 2025, up 74.4% from $543,834 in Q3 2024[25] - Service revenue decreased significantly to $380,876 in Q3 2025 from $1,265,499 in Q3 2024, a decline of 69.9%[25] - The decrease in service revenue was primarily due to the absence of management fees from the Fresno EV infrastructure project[4] Profitability and Losses - Gross profit margin for Q3 2025 was 52.0%, slightly down from 52.1% in Q3 2024[3] - Operating loss for Q3 2025 was $5,111,271, compared to a loss of $1,836,841 in Q3 2024, representing an increase in losses of 178.5%[25] - Net loss attributable to Nuvve Holding Corp. was $4,507,260 in Q3 2025, compared to $1,649,843 in Q3 2024, an increase of 173.5%[25] - Total comprehensive loss for Q3 2025 was $4,807,608, compared to $1,647,629 in Q3 2024, indicating a significant increase in losses[26] - Net loss for the nine months ended September 30, 2025, was $25,241,278, compared to a net loss of $12,327,595 for the same period in 2024, indicating an increase in losses[29] Expenses - Cash operating losses increased to $4.8 million in Q3 2025, compared to $1.6 million in Q3 2024, marking a 190.6% increase[10] - Selling, general and administrative expenses rose to $4.8 million in Q3 2025, an increase of 124.0% from $2.1 million in Q3 2024[6] - Research and development expenses increased by 66.0% to $1.2 million in Q3 2025, up from $0.7 million in Q3 2024[8] - Research and development expenses for Q3 2025 were $1,179,288, an increase from $710,291 in Q3 2024, reflecting a growth of 66.0%[25] Financial Position - Total assets as of September 30, 2025, were $16,755,481, a slight decrease from $16,797,812 as of December 31, 2024[23] - Total liabilities increased to $18,673,958 as of September 30, 2025, up from $18,087,459 at the end of 2024[23] - Cash and cash equivalents rose to $939,415 as of September 30, 2025, compared to $371,497 at the end of 2024[23] - Cash and restricted cash at the end of the period increased to $1,259,415 from $805,245 at the end of the same period in 2024[29] Cash Flow and Financing - Net cash used in operating activities was $12,347,984 for the nine months ended September 30, 2025, slightly higher than $12,242,822 for the same period in 2024[29] - Proceeds from debt and promissory notes obligations amounted to $8,972,199, significantly higher than $2,565,500 in the previous year[29] - Net cash provided in financing activities was $13,307,195, an increase from $11,085,523 in the same period of 2024[29] - The company raised $5.6 million in gross proceeds during Q3 2025 to support operations and growth initiatives[3] Other Financial Metrics - The company recorded a provision for credit losses of $990,105, which was not reported in the previous year[29] - Cash paid for interest increased to $1,096,650 compared to $193,322 in the same period last year[29] - The company made an acquisition costing $340,200 during the nine months ended September 30, 2025[29] - The change in fair value of warrants/investment rights liability was a loss of $673,899, compared to a loss of $2,642,424 in the previous year[29] - The company reported a fair value of warrants issued for cryptocurrency strategy consulting services at $8,194,000, which was not present in the previous year[29]