Greenwave Technology Solutions, Inc. Covered by S&P Global Commodity Insights

Rhea-AI Summary

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.

Positive

• Raised FY 2025 revenue guidance to $47-50 million
• Strong customer base including major industrial companies
• Potential benefit from expected copper import tariffs
• Coverage by S&P Global Commodity Insights enhancing market visibility

Negative

• None.

Insights

Financial Analyst

The coverage by S&P Global Commodity Insights of Greenwave Technology Solutions (GWAV) arrives at a pivotal moment for the company, coinciding with several significant developments that warrant careful investor attention.

The company's revenue guidance of $47-50 million for FY 2025 is particularly noteworthy when compared to their current market capitalization of approximately $11.7 million. This significant revenue-to-market-cap ratio suggests either substantial undervaluation or market skepticism about the company's ability to achieve these projections.

Their strategic positioning as a domestic copper supplier becomes increasingly valuable with the anticipated implementation of copper import tariffs. This timing could create a substantial competitive advantage, particularly given their established relationships with industry giants like:

• Nucor - North America's largest steel producer
• Cleveland-Cliffs - The largest flat-rolled steel producer in North America
• Sims Metal Management - A global leader in metal recycling
• Georgia-Pacific - One of the world's largest manufacturers of tissue, pulp, packaging and building products

The company's expansion into rare earth metals recovery represents a strategic diversification into a high-margin sector. This move is particularly significant given the critical importance of rare earth elements in technology manufacturing and the current global supply chain challenges. The U.S. government's push for domestic critical mineral production could provide additional tailwinds for this initiative.

The potential implementation of copper import tariffs could create a significant market advantage for GWAV. As a 100% domestic supplier, they would be uniquely positioned to serve U.S. manufacturers seeking to avoid tariff-related cost increases. This could lead to increased market share and potentially higher margins, especially if import tariffs substantially impact copper prices from international sources.

• Company Recently Raised Revenue Guidance to $47–50 Million for FY 2025
  
  
• Greenwave's Customers Include Nucor, Sims Metal Management, Cleveland-Cliffs, and Georgia-Pacific
  
  
• Recovery of Rare Earth Metals to be a Focus in FY 2025

CHESAPEAKE, Va., Feb. 14, 2025 /PRNewswire/ -- Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) ("Greenwave" or the "Company"), today announced it was covered by S&P Global Commodity Insights. The interview is available here.

Tariffs on imported copper are expected soon -- $GWAV provides U.S. manufacturers with 100% domestically-sourced copper.

About Greenwave Technology Solutions, Inc.
Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) operates 13 metal recycling facilities supplying leading steel mills and industrial partners with 100% domestically-sourced metals. Headquartered in Chesapeake, VA, Greenwave plays a critical role in infrastructure projects and U.S. national security, with operations across Virginia, North Carolina, and Ohio. For more information, visit www.GWAV.com.

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 FY 2025?

Greenwave Technology Solutions (GWAV) has raised its revenue guidance for FY 2025 to $47-50 million.

Who are the major customers of Greenwave Technology Solutions (GWAV)?

Greenwave's major customers include Nucor, Sims Metal Management, Cleveland-Cliffs, and Georgia-Pacific.

How might upcoming copper tariffs affect GWAV's business?

As GWAV provides 100% domestically-sourced copper to U.S. manufacturers, the company could benefit from expected tariffs on imported copper.

What is GWAV's strategic focus for FY 2025?

Greenwave Technology Solutions plans to focus on the recovery of rare earth metals in FY 2025.