Is anyone here still holding $NVVE? I’m asking honestly because I’m trying to decide how to think about this position from here. The price action has been a pretty consistent downtrend for weeks, and my account is now down around 40% on my shares. I know “down 40%” by itself does not mean anything, but it’s gotten to the point where I need to either accept the loss and move on, or have a very clear thesis for why staying in makes sense.
From what I can tell, there are two stories fighting each other. On one side, $NVVE is tied to the V2G and grid services theme, which sounds like it should benefit if the market rotates into “US grid” names. On the other side, it feels like the stock is being treated as a dilution and financing situation first, and an operating business second. After the reverse split and the recent financing announcements, I’m worried the stock might keep getting capped by supply and selling pressure even if the sector gets hot again.
For anyone still holding, what is your current thesis? Are you here for a long-term V2G adoption story, or just looking for a short-term bounce? What catalysts are you watching, and what would make you change your mind (either bullish or bearish)? If you exited, what was the final reason?
Not looking for financial advice, just trying to understand how other holders are thinking and what facts I might be missing. Any constructive thoughts are appreciated.