Greenwave Technology Solutions, Inc. - Common Stock (GWAV)

Greenwave Technology Solutions (NASDAQGWAV) has increased its revenue guidance for fiscal year 2025 to $47–$50 million following former President Trump’s announcement of tariffs on steel, aluminum, and copper imports. The company, which supplies 100% domestically sourced metals, is in negotiations with multiple entities seeking access to its high-volume, mill-ready metal supply. Greenwave expects the tariffs to drive demand for its recycled steel, aluminum, copper, and rare-earth metals.

Greenwave Technology Solutions (NASDAQGWAV) a leading metal recycler, expects significant revenue growth following President Trump’s announcement of increased tariffs on steel, aluminum, and copper imports. With 100% domestic operations across Virginia, North Carolina, and Ohio, Greenwave is strategically positioned to benefit from rising demand for U.S.-sourced metals. The company supplies major industry players, including subsidiaries of Nucor Corporation and Cleveland-Cliffs Inc., reinforcing its role in the domestic metals supply chain as tariffs drive up prices and shift sourcing strategies.

Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (NASDAQGWAV), a leader in metal recycling, is primed for significant revenue acceleration following President

Greenwave Technology Solutions, Inc. (NASDAQGWAV) ("Greenwave" or the "Company"), a leader in metal recycling, today announced the launch of an advanced AI-powered operator in

Greenwave Technology Solutions (NASDAQGWAV) as launched an advanced AI-powered operator within its Scrap App subsidiary, aiming to transform the $32 billion U.S. auto recycling market. The AI Operator autonomously provides real-time quotes for junk cars, schedules vehicle pickups, and handles customer inquiries, enhancing scalability, reducing costs, and improving user experience. Scrap App is active in markets such as Hampton Roads, Richmond, and Cleveland, with plans to expand into the top 25 U.S. markets by the end of 2025. CEO Danny Meeks emphasized the technology’s potential to redefine the industry and accelerate growth.

Greenwave Technology Solutions (NASDAQGWAV) a leader in sustainable metal recycling, has won an exclusive contract with Virginia Beach, the largest city in Virginia. Under the agreement, Greenwave will be the sole provider of scrap metal recycling services, benefiting from the city’s generation of 800 tons of ferrous metal and 179,000 pounds of non-ferrous scrap in 2023, projected to bring in over $500,000 in 2024. As Virginia Beach’s only metal recycling facility, Greenwave leverages strategic proximity to NAS Oceana and the Port of Virginia, while its recent real estate acquisitions and robust municipal licensing create significant barriers to entry. Focused on government contracts, the company supports major infrastructure projects, federal operations, and municipal vehicle recycling, aligning with its growth strategy.

Greenwave Technology Solutions (NASDAQGWAV), announced a $4 million direct offering and private placement, issuing 7,544,323 shares at $0.5302 per share and warrants exercisable at the same price, pending stockholder approval. The financing supports Greenwave’s rare earth recovery initiatives amid global supply chain challenges, leveraging advanced technologies to extract materials from lithium batteries and electronic components while exploring a dedicated recovery facility. Strategically located near Naval Station Norfolk, Greenwave’s facilities benefit from premium scrap streams, enhancing its leadership in sustainable metals recovery.

Greenwave Technology Solutions (NASDAQGWAV), a leading operator of 13 metal recycling facilities in the Mid-Atlantic, has canceled its January 2025 Special Meeting of Stockholders, originally scheduled for Jan. 10. The company, headquartered in Chesapeake, Va., supplies ferrous and non-ferrous metals to major steel mills and industrial conglomerates, supporting critical infrastructure projects and national security initiatives. Greenwave employs 167 workers across Virginia, North Carolina, and Ohio.

Greenwave Technology Solutions (NASDAQGWAV), a leading metal recycler operating in Virginia, North Carolina, and Ohio, has announced revenue guidance of $43–$45 million for fiscal year 2025. Key growth drivers include a $15–$35 million hurricane recovery contract, rising domestic sales anticipated to reach 75%, and increased demand for high-quality recycled metals from U.S. steel producers. With exclusive operational licenses, advanced technology platforms, and strategic proximity to industrial hubs, Greenwave is positioned for sustained growth. The company has significantly strengthened its financial position, reducing liabilities by 64% in 2024, and plans to expand its Scrap App into 25 top U.S. markets in 2025.

Greenwave Technology Solutions (NASDAQGWAV), a prominent metal recycler, announced the expansion of its rare-earth metal recovery operations, targeting high-demand materials like gallium, germanium, and antimony. Prompted by China’s export ban on these critical resources, Greenwave has fast-tracked its proprietary recycling technologies, leveraging its strategic location near the Port of Virginia to source premium scrap from defense and industrial sectors. The company anticipates significant revenue growth in FY 2025 through its efficient recovery processes and investments in advanced equipment and workforce training, positioning itself as a leader in the rare-earth recycling market.

Greenwave Technology Solutions (NASDAQGWAV) reported significant improvements in its financial position, reducing liabilities by 64% and growing current assets by 635% from December 2023 to September 2024. The company secured substantial government contracts, including one valued at $15–$35 million tied to Hurricane Helene recovery and another for recycling 550,000 pounds of non-ferrous metal. Greenwave stands to benefit from increased domestic demand for recycled metals, supported by U.S. trade policies and the opening of Nucor’s steelmaking facility in 2025. Additionally, recent insider purchases of shares signal strong leadership confidence as Greenwave leverages its strategic location, operational licenses, and key supplier relationships to capitalize on industry growth and consolidation.

Greenwave Technology Solutions (NASDAQGWAV), a leading sustainable metal recycling company, announced it has been awarded an exclusive government contract to recycle 550,000 pounds of non-ferrous metal, projected to increase Q4 2024 and Q1 2025 revenues by $2 million. Operating 13 recycling facilities across Virginia, North Carolina, and Ohio, Greenwave leverages its extensive footprint, regulatory licenses, and recent strategic real estate acquisitions to strengthen its market position. The company continues to focus on government contracts, with initiatives tied to infrastructure projects, abandoned vehicle recycling, and U.S. Federal operations, benefiting from its proximity to Naval Station Norfolk and the Port of Virginia.

Greenwave Technology Solutions (NASDAQGWAV), a sustainable metal recycling leader, is set to generate $15–$35 million in revenue through a subcontract with Core Tree Care, Inc., tied to an Army Corps of Engineers prime contract. The company is contributing to recovery efforts following Hurricane Helene by processing and removing trees near Asheville, North Carolina, using advanced wood recycling equipment valued at $1.4 million each. Greenwave, led by Chairman and CEO Danny Meeks, leverages decades of expertise in disaster recovery and federal contracts to expand into new revenue streams while maintaining focus on high-value government contracts, including critical infrastructure projects and municipal recycling agreements.

Greenwave Technology Solutions (NASDAQGWAV), a leader in metal recycling across Virginia, North Carolina, and Ohio, announced strategic initiatives aimed at driving shareholder value. The company recently acquired real estate for seven core facilities, cutting annual rent costs by $1.7 million and improving cash flow. With a 20-year relationship with Sims Metal, generating $20.7 million in revenue in 2023 alone, Greenwave remains a trusted player in the consolidating scrap metal industry. Benchmark acquisitions in the sector, such as Sims Metal’s $220 million purchase of Baltimore Scrap Corp., highlight significant valuation potential. Positioned within a growing domestic steel market, Greenwave aims to leverage its strong operational base and industry relationships to capitalize on rising demand and policy shifts favoring sustainable, domestically sourced metals.

Greenwave Technology Solutions (NASDAQGWAV) is set to benefit from the 2025 opening of Nucor Corporation’s advanced steelmaking facility in Lexington, North Carolina, which will process 430,000 tons annually using nearly 100% recycled materials. As a major regional supplier, Greenwave operates five facilities in North Carolina and has a history of supporting Nucor’s operations, including critical national security projects. With a projected shift to 75% domestic revenue by 2025, driven by federal infrastructure investments and anticipated trade policies, Greenwave is strategically positioned to meet surging demand for sustainable, domestically sourced metals in defense and construction markets.

Greenwave Technology Solutions (NASDAQGWAV) has acquired the real estate for seven of its key metal recycling facilities, reducing annual rent expenses by approximately $1.7 million and improving cash flow. The strategic purchase, facilitated by CEO Danny Meeks, strengthens Greenwave’s operational foundation and positions the company for future growth and potential strategic transactions. Greenwave’s portfolio includes highly protected operational licenses that create significant barriers to entry in tightly regulated markets, with flagship facilities in Norfolk, Virginia Beach, and Portsmouth, VA, strategically located near critical industrial and shipping hubs.

Greenwave Technology Solutions (NASDAQGWAV), a leading operator of metal recycling facilities in Virginia, North Carolina, and Ohio, expects U.S. steel import tariffs under President-elect Trump’s administration to drive revenue growth and margin expansion in fiscal year 2025. Drawing on CEO Danny Meeks’ experience during Trump’s first term, when similar policies boosted domestic recycled metal prices, Greenwave highlights its strategic position in the industry. The company supplies mill-ready shred to major steel producers, including Nucor Corporation and Cleveland-Cliffs, Inc., leveraging over two decades of expertise and established supply channels to capitalize on favorable market conditions.

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Greenwave Technology Solutions, Inc. (Nasdaq: GWAV), an operator of metal recycling facilities across Virginia, North Carolina, and Ohio, has achieved a groundbreaking milestone through its subsidiary, ScrapApp.com. The digital platform has recently set a new daily record for the number of cars purchased, highlighting the growing impact of artificial intelligence (AI) in the robust $42.3 billion U.S. scrap metal industry.

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PALM BEACH, Fla., June 18, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - The Metal Recycling industry is a strong market across the globe. A report from Market Research Future projected that the Metal Recycling Market Size, which was valued at USD 54200.2 million in 2023, is projected to grow from USD 58800.4 million in 2024 to USD 105100.8 Million by 2032, exhibiting a compound annual growth rate (CAGR) of 7.50% during the forecast period (2024 - 2032). Increasing awareness regarding the depletion of metal reserves and the stringent regulations imposed by the government regarding metal mining are the key market drivers enhancing the market for global metal recycling. The report said: “The rise in construction activities across various regions, such as Europe and Asia-Pacific, is expected to fuel the metal recycling market growth. The rapid economic growth brought on by increased urbanization and industrialization increases demand for the market for metal recycling. Therefore, rapid urbanization leads to higher government and consumer spending on infrastructure and housing, which positively impacts market growth. In addition, recycling metals help the industry create jobs and contribute to the country's economy. For instance, an industry that generates $236 billion in revenue annually in the US employs over a million people.” Active companies in the markets this week include Greenwave Technology Solutions, Inc. (NASDAQGWAV), Enviri Corporation NYSE: NVRINYSENVRI)(NASDAQ: PCTNASDAQPCT, Steel Dynamics, Inc. (NASDAQ: STLDNASDAQ), Stericycle, Inc. (NASDAQ: SRCLSRCL).

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PALM BEACH, Fla., June 18, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - The scrap metal markets are projected to continue to grow in the coming years. Scrap metals collected from various sources are raw materials used in metal recycling. Scrap metals are separated and processed several times to yield recycled metals. A report from Precision Reports said that the global Metal Recycling market was valued at US$ 292860 million in 2023 and is anticipated to reach US$ 386740 million by 2030, witnessing a CAGR of 3.6% during the forecast period 2024-2030. The report said: “Metal recycling is the process of collecting, processing, and reusing or remanufacturing metal materials from various sources, such as discarded products, industrial waste, and construction materials. Recycling metals helps conserve natural resources, reduce energy consumption, and minimize environmental impacts associated with mining and metal production.”   Precision Reports concluded: “Overall, metal recycling is a sustainable practice that plays a vital role in reducing waste, conserving resources, and mitigating environmental impacts. It is an essential component of the circular economy, where materials are continuously reused and recycled to minimize waste and promote sustainability.”   Active companies in the markets this week include Greenwave Technology Solutions, Inc. (NASDAQGWAV), Commercial Metals Company NYSE: CMCNYSECMC)(NYSE: AANYSEAA, Li-Cycle Holdings Corp. (NYSE: LICYNYSE), LKQ Corporation (NASDAQ: LKQLKQ).

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Copper prices have reached unprecedented levels due to a combination of financial speculation and anticipated supply shortages. Investment from banks, miners, and funds has intensified, driven by optimistic projections for copper’s future, especially in emerging sectors like electric vehicles, renewable energy, and artificial intelligence. This influx of speculative investment has exacerbated the price rally, particularly as supply concerns mount with potential smelter output cuts. The rally peaked in May due to a short squeeze in New York, underscoring global urgency to acquire the metal amid warnings of a significant supply-demand imbalance.