Nuvve Holding Corp. Common Stock (NVVE)

FairStock Score: 16/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for businesses that earn consistent profits and produce cash. Nuvve fails that first test. It provides vehicle-to-grid technology, but in fiscal Q2 2026, the quarter ended 2026-06-30, revenue was only $1.2M while net loss was $7.0M. For FY2025, revenue was $4.8M and net loss $30.8M; FY2024 revenue was $5.3M and net loss $17.4M; FY2023 revenue was $8.3M and net loss $31.3M. The top line has shrunk and losses persist. Trailing twelve-month free cash flow is -$19.0M, against a $2.6M market cap at the 2026-10-13 close of $1.00, a FairStock FCF yield of -736.0%. FairStock also shows ROE -5084.87%, ROCE -107.52%, D/E 2.79, Piotroski 2/9, and Altman Z-Score -26.81. That is a capital structure under extreme stress, not a moat. A true moat would let it price grid services and earn excess returns; instead it depends on external financing. The only positive is that revenue in fiscal Q2 2026 rose from $332,989 in fiscal Q2 2025, but costs and losses dwarf that. Valuation cannot be anchored by earnings or book value, since P/B is N/A and P/E is 0.00, not meaningful with losses. At $2.6M market cap, the market is assigning option value to a speculative V2G platform. Graham would demand a margin of safety from assets and earnings; neither is present. Buffett would ask for durable cash generation; it has none. This is a lottery ticket, not an investment.

In plain English: Nuvve sells technology that lets electric vehicle batteries send power back to the electric grid. The business is very small and losing a lot of money; in its latest reported quarter it lost $7.0 million on $1.2 million of revenue. At the recent $1.00 price, the stock looks speculative rather than cheap, because there are no profits and cash is being burned quickly.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer