BNN Bloomberg Interviews Greenwave Technology Solutions, Inc. Chief Executive Officer Danny Meeks
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) ha annunciato un aggiornamento aziendale significativo, evidenziando la sua posizione come fornitore principale di metalli riciclati provenienti da fonti nazionali per leader del settore come Nucor, Sims Metal, Cleveland-Cliffs e Georgia-Pacific. L'azienda ha aumentato le previsioni di fatturato per l'anno fiscale 2025 a 47-50 milioni di dollari.
Come uno dei fornitori dominanti della regione Mid-Atlantic di metalli riciclati e tritati pronti per la lavorazione, Greenwave opera strategicamente in Virginia, Carolina del Nord e Ohio. L'azienda si aspetta di beneficiare di potenziali prossimi dazi sul rame, con dazi più elevati che potrebbero generare maggiori entrate. Il CEO dell'azienda, Danny Meeks, ha recentemente partecipato a un'intervista con BNN Bloomberg per discutere di questi sviluppi.
Greenwave Technology Solutions (NASDAQ: GWAV) ha anunciado una actualización empresarial significativa, destacando su posición como proveedor principal de metales reciclados de origen nacional para líderes de la industria como Nucor, Sims Metal, Cleveland-Cliffs y Georgia-Pacific. La empresa ha elevado su pronóstico de ingresos para el año fiscal 2025 a 47-50 millones de dólares.
Como uno de los proveedores dominantes de la región del Atlántico Medio de metales reciclados y triturados listos para el molino, Greenwave opera estratégicamente en Virginia, Carolina del Norte y Ohio. La empresa espera beneficiarse de posibles futuros aranceles sobre el cobre, con aranceles más altos que podrían generar más ingresos. El CEO de la empresa, Danny Meeks, participó recientemente en una entrevista con BNN Bloomberg para discutir estos desarrollos.
그린웨이브 테크놀로지 솔루션즈 (NASDAQ: GWAV)는 주요 산업 리더인 누코르, 심스 메탈, 클리블랜드-클리프스, 조지아-퍼시픽에 국내 소싱된 재활용 금속의 주요 공급업체로서의 입지를 강조하는 중요한 비즈니스 업데이트를 발표했습니다. 이 회사는 2025 회계연도 매출 전망을 4700만-5000만 달러로 상향 조정했습니다.
미드 애틀랜틱 지역의 밀링 준비 재활용 금속 및 파쇄물의 주요 공급업체 중 하나인 그린웨이브는 버지니아, 노스캐롤라이나 및 오하이오에서 전략적으로 운영하고 있습니다. 이 회사는 잠재적인 구리 관세로부터 혜택을 볼 것으로 예상하며, 더 높은 관세가 더 많은 수익을 창출할 수 있습니다. 회사의 CEO인 대니 믹스는 최근 BNN 블룸버그와의 인터뷰에 참여하여 이러한 발전에 대해 논의했습니다.
Greenwave Technology Solutions (NASDAQ: GWAV) a annoncé une mise à jour commerciale significative, soulignant sa position en tant que principal fournisseur de métaux recyclés d'origine nationale pour des leaders de l'industrie tels que Nucor, Sims Metal, Cleveland-Cliffs et Georgia-Pacific. L'entreprise a relevé ses prévisions de chiffre d'affaires pour l'exercice fiscal 2025 à 47-50 millions de dollars.
En tant que l'un des principaux fournisseurs de la région du Mid-Atlantic de métaux recyclés et de débris prêts à être usinés, Greenwave opère stratégiquement en Virginie, en Caroline du Nord et dans l'Ohio. L'entreprise s'attend à bénéficier de futurs droits de douane sur le cuivre, des droits plus élevés pouvant générer des revenus supplémentaires. Le PDG de l'entreprise, Danny Meeks, a récemment participé à une interview avec BNN Bloomberg pour discuter de ces développements.
Greenwave Technology Solutions (NASDAQ: GWAV) hat ein bedeutendes Unternehmensupdate angekündigt und dabei seine Position als wichtiger Anbieter von inländisch beschafften Recyclingmetallen für Branchenführer wie Nucor, Sims Metal, Cleveland-Cliffs und Georgia-Pacific hervorgehoben. Das Unternehmen hat seine Umsatzprognose für das Geschäftsjahr 2025 auf 47-50 Millionen US-Dollar angehoben.
Als einer der dominierenden Anbieter von schredderfähigen und recycelten Metallen in der Mid-Atlantic-Region operiert Greenwave strategisch in Virginia, North Carolina und Ohio. Das Unternehmen erwartet, von potenziellen zukünftigen Zöllen auf Kupfer zu profitieren, da höhere Zölle möglicherweise höhere Einnahmen generieren könnten. Der CEO des Unternehmens, Danny Meeks, nahm kürzlich an einem Interview mit BNN Bloomberg teil, um über diese Entwicklungen zu sprechen.
- Raised revenue guidance to $47-50 Million for FY2025
- Strategic positioning as dominant supplier in Mid-Atlantic region
- Established relationships with major industry clients (Nucor, Sims Metal, Cleveland-Cliffs, Georgia-Pacific)
- Potential revenue boost from expected copper tariffs
- None.
Insights
The updated revenue guidance of
The potential implementation of copper tariffs could create a substantial tailwind for Greenwave's business model. Tariffs typically drive up imported metal prices, making domestic recycling more economically attractive. This dynamic could expand profit margins while simultaneously increasing demand for their services. Their strategic locations in Virginia, North Carolina, and Ohio position them advantageously near major industrial centers and transportation hubs, potentially reducing logistics costs and enhancing competitiveness.
However, investors should consider several key factors: First, while tariffs may boost short-term revenues, they could also lead to market distortions and potential supply chain adjustments that might affect long-term industry dynamics. Second, the recycled metals market is historically cyclical, and current favorable conditions may not persist indefinitely. Third, the company's relatively small market capitalization of
Greenwave supplies Nucor, Sims Metal, Cleveland-Cliffs, and
The Company recently raised revenue guidance to
President Trump is expected to announce copper tariffs soon – the higher the tariff, the more revenue Greenwave is expected to generate
S&P Global Commodity Insights recently covered Greenwave in an interview accessible here
$GWAV Positioned to Win Big on Metal Tariffs
As one of the Mid-Atlantic's dominant suppliers of mill-ready shred and other recycled metals, Greenwave anticipates surging demand and expanding profit margins throughout fiscal year 2025. With the
About Greenwave Technology Solutions, Inc.
Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) operates 13 metal recycling facilities supplying leading steel mills and industrial partners with
For detailed financials and updates, visit www.GWAV.com.
Forward-looking Statements
This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These include, without limitation, statements about its revenue growth, opening of additional locations, margin expansion and cashflow projections. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although the Company believes that its plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, the Company can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond the Company's control), assumptions and other factors that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results may differ materially from those in the forward-looking statements and the trading price for the Company's common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company's filings with the SEC. Except as required by law, the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
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SOURCE Greenwave Technology Solutions
FAQ
What is Greenwave Technology Solutions' (GWAV) revenue guidance for FY2025?
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