Nuvve (NASDAQ:NVVE) Shares Down 7.1% – Here’s What Happened

Nuvve Holding Corp. (NASDAQ:NVVE) was down 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 Stock Performance

The firm has a 50 day moving average price of $3.39 and a two-hundred day moving average price of $4.63. The company has a market capitalization of $2.52 million, a P/E ratio of -0.03 and a beta of 1.90.

Institutional Investors Weigh In On Nuvve

An institutional investor recently bought a new position in Nuvve stock. Partners Group Holding AG purchased a new stake in Nuvve Holding Corp. (NASDAQ:NVVE) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 6,316,290 shares of the company’s stock, valued at approximately $33,666,000. Nuvve makes up 2.3% of Partners Group Holding AG’s holdings, making the stock its 21st largest holding. Partners Group Holding AG owned 971.74% of Nuvve as of its most recent SEC filing. Institutional investors own 19.01% of the company’s stock.

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.