Nuvve Holding

NVVE

Specialty Retail · Consumer Cyclical

Price

$7.83

-0.55 (-6.56%)

Market Cap

$115,414

Exchange

NASDAQ Capital Market

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Share count falling — buybacks

−2.1% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 23K (2021) → 23K (2025)

Nuvve Holding Corp. is a clean energy technology company that specializes in vehicle-to-grid (V2G) charging technology. V2G allows electric vehicles to not only charge from the power grid but also send electricity back to the grid when needed. Nuvve sells charging hardware, software platforms, and energy management services, primarily targeting school districts, fleet operators, and utilities.

Nuvve earns revenue through hardware sales, software subscriptions, and energy services fees. The company operates mainly in the United States, with some international activity in Europe and Japan. Its V2G technology is relatively specialized, giving it a niche position in the electric vehicle charging market. However, the company is very small, burns through cash rapidly, and faces intense competition from larger, better-funded rivals in the EV charging space. The main risk is whether Nuvve can scale its business and reach profitability before running out of capital.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-2.6% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-11.0% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$4M/ year

↓ Declining (-16% vs prior year)

90.5% of revenue

22.6x the sector average (4%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

23.5%ownership

Insiders own a meaningful stake in the company

Cash Runway

~4 months

$5M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Short runway — potential dilution ahead through share issuance

Cash watch

Nuvve Holding has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

16.0%

Thin — 16.0% gross margin

Operating Margin

-184.7%

Losing money on operations — -184.7%

ROCE

-5671.1%

Weak — -5671.1% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

-12.9%

Shrinking sales (-12.9% YoY)

EPS YoY

N/A

—

Data not available

EPS Consistency

0/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

N/A

—

Data not available

FCF Margin

-364.1%

Burning cash (-364.1%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

N/A

Data not available

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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