Nuvve (NASDAQ:NVVE) shares jump 100% after split, but investors seek more than a price move

NEW YORK, July 8, 2026, 14:04 EDT

• Nuvve Holding Corp. NASDAQ:NVVE jumped almost 100% in heavy U.S. trading, well ahead of other clean-energy names and the Nasdaq Composite.
• The stock now trades on a 1-for-18 split-adjusted basis, following a split tied to Nasdaq’s $1 minimum bid rule.
• The rally is happening even as revenue stays low, losses mount for 2025, and the late Form 10-Q is still not sorted out.
• Europe’s battery storage story looks like the better bull case for clean energy, but filings, funding, and project delivery are still in the way.

Nuvve showed the kind of trading seen in some reverse-split microcaps. Shares last changed hands at $10.20 at 17:49 UTC, up 96.5%. The stock moved between $4.85 and $10.88 during the day, on 29.3 million shares traded. At the dateline it was 14:04 EDT New York time, with the U.S. market still open, according to the live quote.

Nuvve traded well outside its usual group and broader indexes, according to live quotes. ChargePoint NYSE:CHPT, EVgo NASDAQ:EVGO, and Stem NYSE:STEM didn’t follow. There was no move in SPDR S&P 500 ETF NYSEARCA:SPY, iShares Russell 2000 ETF NYSEARCA:IWM, or the Nasdaq Composite (INDEXNASDAQ:.IXIC) either.

Nuvve is set to start a 1-for-18 reverse split July 6. Shares will trade on a split-adjusted basis starting Monday at the open. According to the 8-K, outstanding common stock drops to roughly 524,652 shares from about 9.44 million, with no change to authorized shares.

At $10.20, the post-split share count gives common equity of about $5.35 million before any fractional shares get adjusted. Trading volume ran roughly 56 times the post-split share total for the day. That’s the main story: the price sits above where Nasdaq flagged a bid issue, but turnover is too heavy to call this a real rerating for the business.

The stock price moved more than the numbers suggest.

Numbers still aren’t catching up. Nuvve posted 2025 revenue of $4.79 million, below last year’s $5.29 million, with a net loss of $30.82 million, deeper than the $17.40 million loss in 2024. CEO Gregory Poilasne said in March, “We were disappointed with the slowdown of EV adoption in the school bus market and the decline in revenues in 2025.” Nuvve Holding Corp.

The European storage build is key for the bull story here. On July 2, Nuvve said its Danish arm will buy BESS Sibiu SRL, a Romanian firm working on a 42 MW battery storage project. The deal shows an up-front price of around 420,000 euros, with another payment of about 1.26 million euros after COD, and a seller loan of 946,000 lei, all tied to certain conditions.

Nuvve started a new monthly European Power Market Brief on July 1. “Europe’s power markets are increasingly where the volatility and the value sit,” Poilasne said. The company’s first report had DK1 day-ahead power at 112 euros per MWh for June, noted a 787 euro intraday jump on June 24, and set a July-August base range of 70-95 euros per MWh. Nuvve Holding Corp.

Nuvve now has a more direct pitch beyond just school-bus V2G—batteries, storage dispatch, and power price moves. Still a story for now. Shares are moving today on split numbers and float stress. The company needs cash for projects, reported earnings, and a break from Nasdaq.

The second tape is the listing file. On May 22, Nuvve said it got a Nasdaq notice after missing its March-quarter 10-Q filing. The exchange called the late filing another reason for a possible delisting. Nuvve was already before a Nasdaq panel since its common stock traded under $1 for 30 straight sessions.

Nuvve’s investor news site listed July 1 as the latest updates, with the June 30 split notice next. There wasn’t any newer official release to account for the stock’s near-100% swing.