50% Off! Beat the market in 2025 with InvestingProCLAIM SALE

Nuvve holding corp. president buys $10,802 in stock

Published 20/12/2024, 23:28
Nuvve holding corp. president buys $10,802 in stock
NVVE
-

Ted C. Smith, President and COO of Nuvve Holding Corp. (NASDAQ:NVVE), recently acquired 3,928 shares of the company’s common stock. The purchase, made on December 19, 2024, was executed at a price of $2.75 per share, totaling $10,802. This insider purchase comes as the stock trades near its 52-week low of $2.71, having declined over 94% year-to-date. According to InvestingPro analysis, the stock currently appears undervalued based on its Fair Value metrics. Following this transaction, Smith’s direct ownership of Nuvve’s stock increased to approximately 5,700 shares. With a current market capitalization of just $2.69 million, InvestingPro subscribers can access 16 additional key insights and a comprehensive Pro Research Report about Nuvve’s financial health and market position.

In other recent news, Nuvve Holding Corporation reported a significant increase in its Q3 2024 revenues, which more than doubled from Q2 2024, reaching $1.9 million. This growth came despite facing challenges and was primarily driven by service revenues from a major project. The company also managed to reduce its operating costs and decreased its net loss compared to the previous year.

In addition to these financial highlights, Nuvve has announced upcoming projects, including a significant contract with Taipower Corporation in Taiwan. The company’s gross margins improved while its operating costs were reduced, contributing to a decrease in net loss.

These are recent developments that reflect Nuvve’s strategic focus on operational efficiency and market expansion. The company anticipates continued growth in megawatts under management and aims to improve cash burn through lower operating costs and improved gross margins. The company’s focus is on securing projects and diversifying revenue streams to support ongoing demand for energy management solutions.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.