Is Nuvve Holding Corp. (NVVE) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 777.9% / 30% | 27.1% / 30% | 156.8% / 30% | 77.99% / 5% | ✗ NOT HALAL |
| DJIM | 777.9% / 33% | 27.1% / 33% | 156.8% / 33% | 77.99% / 5% | ✗ NOT HALAL |
| MSCI | 63.4% / 33% | 2.2% / 33% | 12.8% / 33% | 77.99% / 5% | ✗ NOT HALAL |
| S&P | 777.9% / 33% | 27.1% / 33% | 156.8% / 33% | 77.99% / 5% | ✗ NOT HALAL |
| FTSE | 63.4% / 33% | 2.2% / 33% | 12.8% / 50% | 77.99% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 36.0% | |
| Operating Margin | -319.7% | |
| Net Margin | 0.0% | |
| Return on Equity (ROE) | -5584.9% | |
| Return on Assets (ROA) | -110.8% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$16M |
| Free Cash Flow | -$16M |
| Total Debt | $11M |
| Current Ratio | 0.7 |
| Total Assets | $17M |
Price & Trading
| Last Close | $0.82 |
| 50-Day MA | $1.41 |
| 200-Day MA | $13.00 |
| Avg Volume | 2.8M |
| Beta | 1.9 |
|
52-Week Range
$0.69
| |
About Nuvve Holding Corp. (NVVE)
Nuvve Holding Corp., a green energy technology company, provides commercial vehicle-to-grid (V2G) technology platform in the United States, France, Japan, 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; and allows EV owners to meet the energy demands of individual vehicles and entire fleets. Its V2G technology also links EV batteries into a virtual power plant that sells excess power to utility companies or utilizes saved power to reduce building energy peak consumption. In addition, the company offers networked charging stations, infrastructure, software, professional services, support, monitoring, and parts and labor warranties required to run electric vehicle fleets. It serves its products to owner/operators of light duty fleets, heavy duty fleets, automotive manufacturers, charge point operators, and strategic partners. The company was founded in 2010 and is headquartered in San Diego, California.
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Frequently Asked Questions
Is Nuvve Holding Corp. (NVVE) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Nuvve Holding Corp. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Nuvve Holding Corp.'s debt ratio?
Nuvve Holding Corp.'s debt ratio is 777.9% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 63.4%.
What are Nuvve Holding Corp.'s key financial metrics?
Nuvve Holding Corp. has a market capitalization of $1M, and revenue of $5M. Return on equity stands at -5584.9%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.