Nuvve Holding shares surge 11.83% after-hours on landmark agreement with Socorro Electric Cooperative for grid electrification.

Nuvve Holding Corp. (NVVE) surged 11.83% in after-hours trading following the announcement of a landmark agreement with the City of Socorro, Socorro Electric Cooperative, Inc., and Nuvve New Mexico to advance electrification and grid resilience. The deal, reported by Business Wire five days prior, highlights the company’s strategic expansion in energy infrastructure, aligning with recent green energy initiatives. Additionally, a concurrent Barchart article emphasized the stock’s ascent as a "penny stock soaring on a new green energy deal," further reinforcing investor optimism. These developments, coupled with Nuvve’s ongoing efforts in vehicle-to-grid technology and battery storage projects, likely drove the sharp post-market rally, reflecting confidence in the firm’s growth potential in the renewable energy sector.