Welcome to our dedicated page for GREENWAVE TECHNOLOGY SOLUTIONS news (Ticker: GWAV), a resource for investors and traders seeking the latest updates and insights on GREENWAVE TECHNOLOGY SOLUTIONS stock.
Greenwave Technology Solutions Inc (GWAV) operates a network of metal recycling facilities across Virginia, North Carolina, and Ohio, specializing in processing ferrous and nonferrous scrap into industrial-grade materials. The company combines traditional recycling operations with innovative rare-earth recovery technologies and AI-driven solutions through its Scrap App platform.
This news hub serves as a comprehensive resource for tracking GWAV's corporate developments, including financial announcements, strategic partnerships, and technological advancements. Investors and industry observers will find timely updates on earnings reports, facility expansions, government contracts, and sustainability initiatives.
The curated collection features press releases covering operational milestones, material processing innovations, and market positioning updates. Regular updates ensure stakeholders stay informed about GWAV's role in sustainable metal recovery and its growing influence in domestic industrial supply chains.
Bookmark this page for direct access to verified information from Greenwave Technology Solutions, providing insights into operational efficiencies, rare-earth extraction breakthroughs, and evolving industry regulations impacting the metal recycling sector.
Greenwave Technology Solutions (NASDAQ: GWAV) announced that CEO Danny Meeks will be interviewed on Good Morning America by ABC News' Rebecca Jarvis regarding the implementation of tariffs on foreign steel and aluminum imports. The company has strategically accumulated inventory valued at $10+ million with 50%+ margins since November 2024.
Scrap steel prices have increased by over 20% in the past month and are expected to rise further. The company operates 13 metal recycling facilities across Virginia, North Carolina, and Ohio, supplying domestic scrap metal to major manufacturers. Greenwave's strategic position near the world's largest naval base and its role in supplying materials for naval shipbuilding positions it to benefit from increased demand and Trump's shipbuilding initiative.
The company supplies Nucor's Hertford facility with steel used in bridges, heavy equipment, and U.S. Navy warships, including the $13 billion USS Gerald Ford aircraft carrier. Greenwave also maintains federal government contracts and operates Virginia Beach's only metal recycling facility.
Greenwave Technology Solutions (NASDAQ: GWAV) reports significant margin expansion due to surging scrap steel prices, which have increased 20% since early February 2025. The company's strategic position is strengthened by upcoming steel and aluminum import tariffs effective March 12, 2025.
Operating 13 metal recycling facilities across Virginia, North Carolina, and Ohio, Greenwave supplies 100% domestically-sourced scrap metal to major industry players including Nucor, Sims, Cleveland-Cliffs, and Georgia-Pacific. The company recently acquired real estate for seven core facilities, reducing annual rent expenses by $1.7 million.
Greenwave's competitive advantage stems from its portfolio of protected operational licenses in regulated markets, including strategic facilities near major naval bases. The company is positioned to benefit from Nucor 's new Lexington steelmaking facility opening in 2025, which will process 430,000 tons annually using nearly 100% recycled materials.
Greenwave Technology Solutions (NASDAQ: GWAV) announced that CEO Danny Meeks will be interviewed on Fox Business Network's Varney & Co. at 11:30am EST. The interview will discuss the impact of upcoming 25% steel and aluminum tariffs, effective March 12, 2025, on U.S. scrap metal prices and demand.
As a leading Mid-Atlantic supplier of mill-ready shred and recycled metals, Greenwave has raised its FY 2025 revenue guidance to $47-50 million. The company, with strategic operations in Virginia, North Carolina, and Ohio, expects to benefit from increased demand and wider profit margins as the U.S. steel industry shifts toward domestic sourcing.
Greenwave Technology Solutions (NASDAQ: GWAV) has selected GreenSpark as its core operating system to enhance operational efficiency and drive growth. GreenSpark, an AI-powered platform backed by BMW i Ventures, will be implemented across Greenwave's operations in early March 2025.
The platform, which has seen its customer base grow over 300% in the past year, has secured approximately $25 million in funding from investors including BMW i Ventures, Zero Infinity Partners, Third Prime, Bienville Capital, and Tiger Global. GreenSpark currently serves 500+ scrap yard locations and is expected to contribute to Greenwave's revenue and margin growth starting March 2025.
Greenwave, a leading scrap metal recycling chain supplying to industry giants like Nucor, Sims Metal, Cleveland-Cliffs, and Georgia-Pacific, has raised its 2025 revenue outlook to $47-$50 million. The company aims to leverage GreenSpark's AI capabilities to capture market share in the multi-billion-dollar scrap metal industry.
Greenwave Technology Solutions (NASDAQ: GWAV) has announced strong financial positioning with approximately $10 million in cash and $7 million in current inventories. The company recently raised its FY 2025 revenue guidance to $47-$50 million, driven by anticipated metal tariffs and growing domestic demand.
The company secured several key contracts, including an exclusive agreement for recycling 550,000 pounds of non-ferrous metal (estimated $2 million revenue boost in Q4 2024/Q1 2025) and a contract with Virginia Beach expected to generate over $500,000 initially. Greenwave's strategic position near Naval Station Norfolk and the Port of Virginia provides access to prime scrap metal sources.
The company expects significant growth from Nucor's new 430,000-ton Lexington facility opening in 2025, which will use 99% recycled inputs. Greenwave's acquisition of seven core facilities is reducing rent by $1.7M annually, while its portfolio of grandfathered operational licenses creates substantial barriers to entry in regulated markets.
Greenwave Technology Solutions (NASDAQ: GWAV) has announced a significant business update, highlighting its position as a major supplier of domestically-sourced recycled metals to industry leaders including Nucor, Sims Metal, Cleveland-Cliffs, and Georgia-Pacific. The company has raised its revenue guidance for Fiscal Year 2025 to $47-50 Million.
As one of the Mid-Atlantic's dominant suppliers of mill-ready shred and recycled metals, Greenwave operates strategically in Virginia, North Carolina, and Ohio. The company expects to benefit from potential upcoming copper tariffs, with higher tariffs potentially generating more revenue. The company's CEO, Danny Meeks, recently participated in a BNN Bloomberg interview discussing these developments.
Greenwave Technology Solutions (NASDAQ: GWAV) announced that Chairman and CEO Danny Meeks will be interviewed on BNN Bloomberg at 3:05pm EST today. The interview will focus on the impact of President Trump's recently announced 25% steel and aluminum tariffs on U.S. scrap metal demand and prices.
As a leading Mid-Atlantic supplier of mill-ready shred and recycled metals, Greenwave expects increased demand and wider profit margins throughout fiscal year 2025. The company's strategic locations in Virginia, North Carolina, and Ohio position it advantageously as the U.S. steel and metals industry shifts toward domestic sourcing.
Greenwave Technology Solutions (NASDAQ: GWAV) has received coverage from S&P Global Commodity Insights. The company recently updated its revenue guidance for FY 2025 to $47-50 million. Greenwave serves major industrial clients including Nucor, Sims Metal Management, Cleveland-Cliffs, and Georgia-Pacific. The company plans to focus on rare earth metals recovery in FY 2025 and currently provides U.S. manufacturers with 100% domestically-sourced copper, which could become more significant with expected tariffs on imported copper.
Greenwave Technology Solutions (NASDAQ: GWAV) is preparing for significant demand increases following the announcement of 25% tariffs on steel and aluminum imports without exceptions or exemptions. The company, which provides 100% domestically-sourced scrap metal products to major customers including Nucor and Cleveland-Cliffs, has reported surging prices for domestic scrap metal in February 2025.
Key highlights include: raised revenue guidance to $47-50 million for FY 2025, market value of current inventories exceeding $6 million, and a fleet of 50+ trucks. The company has acquired real estate for seven core facilities, reducing annual rent expenses by $1.7 million. Greenwave has completed a $20 million capex cycle and expanded its AI-powered Scrap App platform. Company insiders made significant stock purchases at $0.66/share in December 2024.
Greenwave Technology Solutions (NASDAQ: GWAV) announced its scrap metal inventories have surpassed $6 million in current market value, positioning the company to benefit from surging metal prices and increasing demand. The company has been strategically accumulating high-value steel, aluminum, and copper in anticipation of higher tariffs on imported metals.
The company operates with a fleet of over 50 trucks and receives same-day payments from customers. Greenwave holds exclusive operational licenses for its metal recycling facilities in Norfolk, Virginia Beach, and Portsmouth, VA, creating significant barriers to entry. The company recently completed a multi-year capital expenditure cycle with over $20 million invested in equipment, infrastructure, and its truck fleet. Additionally, Greenwave acquired real estate for seven core facilities, reducing annual rent expenses by approximately $1.7 million.
