Nuvve (NASDAQ:NVVE) Stock Price Down 7.1% – What’s Next?

Nuvve Holding Corp. (NASDAQ:NVVE) shares dropped 7.1% on Friday . The company traded as low as $2.84 and last traded at $2.88. Approximately 17,607 shares were traded during trading, a decline of 41% from the average daily volume of 29,718 shares. The stock had previously closed at $3.10.

Nuvve Price Performance

The company has a market cap of $2.52 million, a P/E ratio of -0.03 and a beta of 1.90. The stock’s 50-day moving average price is $3.39 and its 200-day moving average price is $4.64.

Hedge Funds Weigh In On Nuvve

An institutional investor recently bought a new position in Nuvve stock. Partners Group Holding AG acquired a new stake in Nuvve Holding Corp. (NASDAQ:NVVE) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 6,316,290 shares of the company’s stock, valued at approximately $33,666,000. Nuvve comprises about 2.3% of Partners Group Holding AG’s portfolio, making the stock its 21st biggest holding. Partners Group Holding AG owned 971.74% of Nuvve at the end of the most recent reporting period. 19.01% of the stock is owned by institutional investors.

About Nuvve

Nuvve Holding Corp., a green energy technology company, provides commercial vehicle-to-grid (V2G) technology platform in the United States, the United Kingdom, France, and Denmark. The company offers Grid Integrated Vehicle platform, which enables electric vehicle (EV) batteries to store and resell unused energy back to the local electric grid and provide other grid services, as well as allows EV owners to meet the energy demands of individual vehicles and entire fleets.