Greenwave Technology Solutions, Inc. - Common Stock (GWAV)
0.1657
+0.00 (0.00%)
NASDAQ · Last Trade: Aug 21st, 9:41 AM EDT
Detailed Quote
Previous Close
0.1657
Open
-
Bid
0.1191
Ask
0.1240
Day's Range
N/A - N/A
52 Week Range
0.1200 - 1.090
Volume
720,678
Market Cap
10.14M
PE Ratio (TTM)
-0.0229
EPS (TTM)
-7.2
Dividend & Yield
N/A (N/A)
1 Month Average Volume
1,784,214
Chart
About Greenwave Technology Solutions, Inc. - Common Stock (GWAV)
Greenwave Technology Solutions, Inc. is a company focused on delivering innovative solutions for the management and recycling of electronic waste. By leveraging advanced technology and sustainable practices, the company aims to minimize environmental impact while maximizing the recovery of valuable materials from discarded electronics. Greenwave provides services that encompass the entire lifecycle of electronic products, from collection and processing to the resale of recovered components, all with a commitment to promoting sustainability and circular economy principles. Through its initiatives, Greenwave seeks to address the growing challenge of e-waste, contributing to a cleaner and more responsible approach to technology disposal. Read More
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Greenwave Technology Solutions (NASDAQ: GWAV) announced that CEO Danny Meeks will appear on Good Morning America to discuss the impact of newly enacted metal tariffs. Through its subsidiary Empire, Greenwave operates the largest scrap metal chain in Hampton Roads, supplying military-grade scrap to key defense contractors and shipyards. With President Trump’s shipbuilding initiative expected to drive demand, Greenwave anticipates increased opportunities in its primary market. The company also expects forthcoming copper tariffs to accelerate revenue growth and expand margins across its 13 metal recycling facilities in Virginia, North Carolina, and Ohio.
Greenwave Technology Solutions (NASDAQ: GWAV) announced significant margin expansion driven by a 20% rise in scrap steel prices since early February, with further increases expected as U.S. steel and aluminum import tariffs take effect on March 12, 2025. Through its wholly owned subsidiary, Empire, Greenwave operates Hampton Roads’ leading scrap metal chain, supplying major defense contractors and the world’s largest naval base with military-grade scrap metal. The company runs 13 metal recycling facilities across Virginia, North Carolina, and Ohio, serving industry giants such as Nucor, Sims, and Cleveland-Cliffs. Greenwave’s competitive positioning is further strengthened by a portfolio of protected operational licenses, key facility acquisitions reducing rental costs, and its role as a major supplier to Nucor’s upcoming steelmaking facility in North Carolina.
Greenwave Technology Solutions (NASDAQ: GWAV) announced that its chairman and CEO, Danny Meeks, will appear on Fox Business Network’s Varney & Co. at 11:30 a.m. EST today. The interview will highlight the rising demand for U.S. scrap metal in response to the recently announced 25% steel and aluminum tariffs set to take effect on March 12, 2025. As a leading supplier of mill-ready shred and recycled metals in the Mid-Atlantic, Greenwave anticipates increased demand and wider profit margins as the industry shifts toward domestic sourcing.
Greenwave Technology Solutions (NASDAQ: GWAV) announced its selection of GreenSpark, an AI-powered operating system, as its core platform to enhance operational efficiency and accelerate revenue growth. GreenSpark, founded by Goldman Sachs veteran Gordon Driscoll, has seen rapid expansion, securing approximately $25 million in funding and growing its customer base by over 300% in the past year. Greenwave plans to implement GreenSpark across its operations in early March 2025, expecting the platform to contribute to revenue and margin growth throughout the year.
Greenwave Technology Solutions (NASDAQ: GWAV) announced it has no immediate plans to raise capital, citing a strong financial position with approximately $10 million in cash and $7 million in current inventories. The company expects surging scrap metal prices ahead of the anticipated 25% tariffs on steel and aluminum imports set to take effect in March 2025. Greenwave has also raised its FY 2025 revenue guidance to $47-$50 million, driven by increasing demand from U.S. steel producers and secured government contracts, including exclusive agreements for recycling non-ferrous metals and municipal scrap programs. Additionally, the company anticipates growth opportunities with Nucor’s new Lexington, N.C., steelmaking facility set to open in 2025.
Greenwave Technology Solutions (NASDAQ: GWAV) announced that Chairman and CEO Danny Meeks was interviewed on BNN Bloomberg, where he discussed the company’s role in providing 100% U.S.-sourced recycled metals. As a leading Mid-Atlantic supplier of mill-ready shred and recycled metals, Greenwave expects rising demand and widening profit margins throughout fiscal year 2025. With the U.S. steel industry emphasizing domestic sourcing, the company’s operations in Virginia, North Carolina, and Ohio strategically position it for growth.
Greenwave Technology Solutions (NASDAQ: GWAV) announced that it has been covered by S&P Global Commodity Insights. The interview provides insights into the company’s operations and industry position.
Greenwave Technology Solutions (NASDAQ: GWAV) is preparing for increased demand for its 100% domestically sourced scrap metal products, including steel, aluminum, copper, and zorba, as U.S. tariffs reshape the industry. President Trump announced a 25% tariff on steel and aluminum imports without exceptions, reinforcing the need for domestic production. Greenwave recently raised its FY 2025 revenue guidance to $47-50 million and reported an inventory value exceeding $6 million. The company has secured government and municipal contracts, acquired real estate to cut annual rent costs by $1.7 million, and expanded its AI-powered Scrap App platform. Positioned in key Mid-Atlantic markets, Greenwave expects to capitalize on shifting supply chains and rising metal prices.
Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) ("Greenwave" or the "Company"), today announced its scrap metal inventories are estimated to havesurpassed $6 million in