Dj Ceo Poilasne Sells 326000 Of Nuvve Holding Corp >Nvve

Investing.com -- Nuvve Holding Corp (NASDAQ:NVVE) stock surged 38.9% in after-hours trading Thursday following the announcement of a new partnership to accelerate transportation electrification in New Mexico.

The company’s subsidiary, Nuvve New Mexico, signed a Memorandum of Understanding (MOU) with the City of Socorro and Socorro Electric Cooperative to collaborate on grid modernization, fleet electrification, and energy cost reduction initiatives across the Socorro region.

The agreement establishes a framework for joint planning and implementation in six priority areas, including grid modernization and resilience, school bus electrification, municipal fleet electrification, smart rates and demand charge mitigation, charging infrastructure expansion, and renewable energy integration.

"This MOU creates a model for how municipal and cooperative utilities can collaborate to deliver resilient, affordable, and locally beneficial electrification projects," said Ted Smith, CEO of Nuvve New Mexico.

The partnership will establish a joint working group to coordinate projects, pursue state and federal funding opportunities, and ensure community priorities guide implementation. The collaboration aims to leverage advanced technologies such as vehicle-to-grid integration and Battery-as-a-Service models to build a cleaner, more resilient energy system.

Mayor Ravi Bhasker of Socorro noted that the collaboration "allows us to bring new technology and investment to Socorro in a way that lowers costs, improves reliability, and positions our community as a leader in New Mexico’s clean energy future."

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

Investing.com – U.S. stocks were mixed after the close on Friday, as gains in the Oil & Gas, Technology and Utilities sectors led shares higher while losses in the Basic Materials, Consumer Services and Financials sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average fell 0.65%, while the S&P 500 index fell 0.05%, and the NASDAQ Composite index gained 0.13%.

The best performers of the session on the Dow Jones Industrial Average were NVIDIA Corporation (NASDAQ:NVDA), which rose 1.82% or 3.40 points to trade at 190.26 at the close. Meanwhile, Microsoft Corporation (NASDAQ:MSFT) added 1.41% or 7.09 points to end at 510.38 and Salesforce Inc (NYSE:CRM) was up 1.35% or 3.25 points to 243.68 in late trade.

The worst performers of the session were Unitedhealth Group (NYSE:UNH), which fell 3.22% or 10.72 points to trade at 321.80 at the close. Nike Inc (NYSE:NKE) declined 2.82% or 1.86 points to end at 64.17 and American Express Company (NYSE:AXP) was down 2.07% or 7.55 points to 357.18.

The top performers on the S&P 500 were Micron Technology Inc (NASDAQ:MU) which rose 4.17% to 246.83, Warner Bros Discovery Inc (NASDAQ:WBD) which was up 4.02% to settle at 23.03 and Super Micro Computer Inc (NASDAQ:SMCI) which gained 3.92% to close at 36.47.

The worst performers were Bristol-Myers Squibb Company (NYSE:BMY) which was down 4.07% to 46.65 in late trade, Eastman Chemical Company (NYSE:EMN) which lost 3.94% to settle at 60.25 and PayPal Holdings Inc (NASDAQ:PYPL) which was down 3.86% to 62.81 at the close.

The top performers on the NASDAQ Composite were Cidara Therapeutics Inc (NASDAQ:CDTX) which rose 105.41% to 217.71, Cypherpunk Technologies Inc (NASDAQ:CYPH) which was up 55.68% to settle at 2.74 and Cycurion Inc (NASDAQ:CYCU) which gained 51.44% to close at 6.33.

The worst performers were OneConstruction Group Ltd (NASDAQ:ONEG) which was down 49.42% to 5.19 in late trade, Nuvve Holding Corp (NASDAQ:NVVE) which lost 45.38% to settle at 0.26 and TSS Inc (NASDAQ:TSSI) which was down 43.34% to 8.64 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 1636 to 1104 and 96 ended unchanged; on the Nasdaq Stock Exchange, 1936 fell and 1443 advanced, while 155 ended unchanged.

Shares in Cidara Therapeutics Inc (NASDAQ:CDTX) rose to 5-year highs; rising 105.41% or 111.72 to 217.71.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 0.85% to 19.83.

Gold Futures for December delivery was down 2.61% or 109.44 to $4,085.06 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December rose 2.22% or 1.30 to hit $59.99 a barrel, while the January Brent oil contract rose 2.06% or 1.30 to trade at $64.31 a barrel.

EUR/USD was unchanged 0.13% to 1.16, while USD/JPY rose 0.01% to 154.57.

The US Dollar Index Futures was up 0.11% at 99.16.

Investing.com -- Nuvve Holding Corp (NASDAQ:NVVE) stock plunged 42.5% Friday after the company announced it entered into a private placement securities purchase agreement and an equity line of credit.

The energy storage management company said the agreements are designed to strengthen its balance sheet and solidify its equity position. Nuvve faces a deadline of December 31, 2025, established by Nasdaq, to satisfy minimum bid price and shareholder equity requirements.

The company received shareholder approval in October to implement a reverse stock split, which will help meet Nasdaq’s minimum bid price requirement of $1. Following these capital raising measures, Nuvve believes it will be well positioned to satisfy Nasdaq’s minimum equity requirements, pending shareholder approval of the underlying transactions.

"This is a pivotal moment for Nuvve," said Gregory Poilasne, CEO of the company. "With our shareholders having approved the reverse stock split, and, now, with the securities purchase agreement and equity line of credit signed, subject to shareholder approval, we believe we are in a stronger position to execute on our business objectives and deliver value to our shareholders, customers, and partners."

The additional capital is intended to provide flexibility to support ongoing operations and future growth initiatives for the company, which specializes in technology that enables electric vehicles to provide grid services and optimize energy use.

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