Greenwave Technology Solutions Inc (GWAV) Share Price

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Metals & Mining Theme, Non-Ferrous, Ferrous

February 12, 2025

INTERVIEW: US metals recycler Greenwave sees surge in demand after tariff announcements

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By Anthony Rizkala



HIGHLIGHTS

US steel manufacturers to secure domestic supplies due to tariffs

Scrap prices to surge due to tight supply, high demand: CFO

US metals recycler Greenwave Technologies has seen a rise in domestic bids for their steel after US President Donald Trump announced tariffs on all steel imports, Isaac Dietrich, CFO of Greenwave, said in an interview with S&P Global Commodity Insights.

Virigina-based Greenwave primarily supplies domestically sourced recycled steel to steel mills, and also sells secondary aluminum, copper, and rare earth metals. Dietrich said that major steel manufacturers, including Cleveland-Cliffs, Nucor, and Sims, have increased their demand for long-term supply agreements to secure sources of domestic metals. The tariff-induced demand influx led Greenwave to revise its 2025 revenue guidance and increase it by 10%.

"We saw a significant increase in bids from the major steel manufacturers recently, and they're going to keep going higher this month," Dietrich told Commodity Insights Feb. 11. "There'll be a significant increase in demand for a finite supply. So, we expect prices to go considerably higher in our markets."

US ferrous scrap prices have risen sharply this month due to Trump's tariff promises and tight supply. The daily Platts TSI US Midwest shredded scrap index was assessed at $435/lt on a delivered basis Feb. 11, unchanged from Feb. 10.

The 25% tariffs on all steel imports, set to take effect on March 12, have led to logistical shockwaves as US steel manufacturers scramble for more domestic supply sources to replace imports.

"Immediately, you're going to have some supply chain disruptions. Both Sims and Nucor are trying to lock us into long-term contracts to derisk from that," said Dietrich

He added that Trump's election win led Greenwave to start accumulating scrap inventory in anticipation of the tariffs.

"We also invested about $30 million in our equipment. We expanded our fleet to about 50 trucks. We purchased the land underlying our facilities, 7 facilities for approximately $15 million," he said.

While ferrous scrap operations constitute about 80% of Greenwave's business, the company has also seen that US tariffs and the recent trade tensions have presented opportunities for US rare earth metals markets.

"[Tariff conversations] started to influence rare earths back in early December. Honestly, it's not something we really focused on until we saw that value increase," Dietrich said. "Now we're making significant investments in the processing equipment and the knowledge needed to be an expert in rare earth metals."













Theme



Metals & Mining Theme Non-Ferrous Ferrous





Editor:

Karina Roman

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Someone mention AI for info, In my opinion would it be better to just call and ask the CEO Meeks for clarity for insider info? I am assuming the company is in a progressing phase and public news will soon be posted.

Have you tried asking Ai chatbots for real, unbiased, true information? You got CHAT-GPT, MSFT COPILOT, etc. It's free. There's no more excuse to be uninformed anymore.

When he says, "We", he's referring to himself and his billionaire cohorts, not you.

GWAV.......................https://stockcharts.com/h-sc/ui?s=GWAV&p=W&b=5&g=0&id=p86431144783

been in and around this industry all my life this price seems cheap and manipulated and the fact that we have so many accross platforms taking time to warn everyone i am increasingly optomistic scrap is down these company stockpile now and make huge profits when manufacturing pics up hell 5 years ago scrap was 3 to 400 a ton now its 160 its that time again i think

LMFAO @ The Orange Clown.

TO OMDA: WHEN YOU HAVE A GOVERNMENT THAT PUTS REGULATIONS UPON REGULATIONS AND MAKES DIFFICULT TO BE MORE SUCCESSFUL. IT'S NOT HARD TO "SEE" THAT STOCKS WILL TAKE HUGE HITS IN IT PRICE PER SHARE. WILL IT MAKE A COMEBACK?? ..........ABSOLUTELY!!!

How come this stock plummeted from $125 down to 40 cents . Was it bankrupt ? Makes no sense to me.

GWAV..... UP TWEVLE PERCENT, AND NO COMMENTS.....WOW!!

gwav......................https://stockcharts.com/h-sc/ui?s=gwav&p=W&b=5&g=0&id=p86431144783

THAT'S WHAT D.J.T! SAY'S.. WHERE GOING TO WIN WIN!

r we going to win soon

Greenwave expects steel import tariffs to drive revenue growth and margin expansion throughout fiscal year 2025, based on previous experience when tariffs increased domestic recycled metal prices.

Recently, Greenwave announced the connection of its second automotive shredder to the power grid, a move expected to double its annual shredded ferrous output and increase revenue by approximately 25-30%. This expansion aligns with Greenwave's hub-and-spoke strategy, positioning the company as an attractive target for major scrap metal conglomerates.  

Yep still holding 

The chart and volume and PRs with new flows of income I don't see why not? This was a $125 stock a year ago. Way undervalued. 

GWAV........................https://stockcharts.com/h-sc/ui?s=GWAV&p=W&b=5&g=0&id=p86431144783

Greenwave Technology Solutions, Inc. Positioned to Capitalize on Nucor's Lexington Facility Launch and Record Domestic Demand

December 05 2024 - 8:16AM
PR Newswire (US)

CHESAPEAKE, Va., Dec. 5, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. (Nasdaq: GWAV), a leader in metal recycling operations across Virginia, North Carolina, and Ohio, is set to benefit from the 2025 opening of Nucor Corporation's state-of-the-art steelmaking facility in Lexington, North Carolina. The facility's staggering 430,000-ton annual processing capacity, consisting of nearly 100% recycled materials, will significantly increase regional demand for recycled steel.

Positioned as a Leading Supplier

Greenwave stands as one of North Carolina's largest suppliers of recycled steel, operating five metal recycling facilities and an industry-leading American Pulverizer 60x85 shredder. Greenwave has a proven track record of supporting Nucor's operations, supplying its Hertford mill with steel for critical applications, including bridges, heavy equipment, and warships vital to American national security interests, including the $13 billion USS Gerald Ford aircraft carrier.

Key Growth Drivers and Market Opportunities

Surging Regional Infrastructure Demand: Supported by recent federal investment, the South Atlantic Region is experiencing an unprecedented surge in construction projects, driving demand for recycled metals.
Domestic Market Shift: Greenwave projects 75% of revenue will stem from domestic sales in 2025, up from 41% over the previous four years, as President-elect Trump's anticipated tariffs and trade policies reshape global steel dynamics. This transition is expected to result in significant revenue growth and margin expansion.
Sustainability Leadership: Operating 13 strategically located recycling facilities, Greenwave aligns with the growing emphasis on sustainable, domestically sourced ferrous and non-ferrous metals vital to the U.S. defense and infrastructure sectors.

Unlocking Shareholder Value

Greenwave's strong operational footprint and relationships with industry leaders – Nucor Corporation, Sims Metal Management, and Cleveland-Cliffs, Inc. – position the Company to capitalize on robust domestic demand and favorable policy shifts. As regional steel supply chains pivot toward sustainable and domestically sourced metals, Greenwave is optimally positioned for rapid growth.

About Greenwave – One of the Mid Atlantic's Leading Metal Recyclers

As an operator of 13 metal recycling facilities, Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) supplies leading steel mills and industrial conglomerates with ferrous and non-ferrous metal. With steel being one of the most recycled materials worldwide, Greenwave supplies the raw metal utilized in critical infrastructure projects and U.S. warships vital to American national security interests. Headquartered in Chesapeake, VA, the Company has 167 employees with metal recycling operations across Virginia, North Carolina, and Ohio.

For detailed financials and updates, visit www.GWAV.com.

https://ih.advfn.com/stock-market/NASDAQ/greenwave-technology-sol-GWAV/stock-news/95043537/greenwave-technology-solutions-inc-positioned-to

$GWAV

Tahoe 2468, Just, bought in a week or so ago 0.428 You seem to have a good connection to this stock. I bought @ 0.428 100,000 shares of GWAV. in your Opinion, what do you think of the price at 10.00. We broke a dollar today. Do you think around spring?

Fridays are always good for Squuezes!!

Greenwave 😃 💹

$GWAV

It's curlimgbready to POP!!!

https://www.stocktitan.net/news/GWAV/greenwave-technology-solutions-inc-positioned-to-capitalize-on-nucor-ffwswhvep6so.html

GWAV...........................https://stockcharts.com/h-sc/ui?s=GWAV&p=W&b=5&g=0&id=p86431144783

Danny Meeks, the Chief Executive Officer of Greenwave Technology Solutions, Inc. (NASDAQ:GWAV), recently purchased a significant amount of the company's common stock. The stock, currently trading at $0.70, has shown remarkable momentum with a 93% gain in the past week. According to a filing with the Securities and Exchange Commission, Meeks acquired 377,002 shares at a price of $0.66 per share, totaling approximately $248,821. This transaction increases his direct ownership to 2,122,695 shares. Greenwave Technology Solutions, based in Chesapeake, Virginia, operates in the wholesale metals service centers and offices industry. With a market capitalization of $13.76 million, the company trades at a notably low Price/Book ratio of 0.29

Nucor steel plant in Kentucky in 2018. Steelmakers say tariffs imposed that year helped lift domestic steel prices, boost profits and expand payrolls. Photo: Timothy D. Easley/Associated Press

Nice BULL FLAG on the 5 day. Not much to talk about they recycle Steel lol but make money at it and hopefully a lot more this coming year... 

Shorts must be covering AH 😂😂😂😂

Power hour!!! 

GWAV...........................https://stockcharts.com/h-sc/ui?s=GWAV&p=W&b=5&g=0&id=p86431144783

12/02/2024 - 05:25 PM
Rhea-AI Impact(Neutral)Rhea-AI Sentiment(Neutral)Rhea-AI SummaryGreenwave Technology Solutions(Nasdaq: GWAV) has acquired real estate for seven of its core metal recycling facilities from CEO Danny Meeks, reducing annual rent expenses by $1.7 million. The company operates 13 facilities across Virginia, North Carolina, and Ohio, with 167 employees. Key strategic assets include exclusive operational licenses in Norfolk, Virginia Beach, and Portsmouth, protected by grandfathered municipal codes. The Norfolk facility, near the largest U.S. Naval Base, holds one of the city's few VMV automotive recycler licenses, while the Virginia Beach location is the city's only metal recycling facility.NegativeRelated party transaction with CEO for real estate purchaseInsightsThis strategic real estate acquisition marks a significant financial transformation for Greenwave. The $1.7M annual rent savings represents a substantial 22.8% of the company's market cap, indicating a major positive impact on cash flow efficiency. The transaction's structure, involving the purchase from the CEO, consolidates operational control while eliminating lease dependencies.The company's portfolio of grandfathered licenses in key military and industrial locations creates significant competitive moats. The Norfolk facility's proximity to the largest U.S. Naval Base and the exclusive position in Virginia Beach represent valuable strategic assets. These operational advantages, combined with reduced fixed costs, strengthen Greenwave's market position and potential for margin expansion in the metal recycling sector.The acquisition of seven operational facilities represents a strategic real estate consolidation in prime industrial locations. The properties' proximity to major naval installations and port facilities significantly enhances their long-term value proposition. The grandfathered operational licenses attached to these locations create a unique value multiplier, as new entrants face substantial regulatory barriers to establish competing facilities.

Meeks is salivating -Watch out for offering

Time to run GWAV!!!

GWAV............................https://stockcharts.com/h-sc/ui?s=GWAV&p=W&b=5&g=0&id=p86431144783

Getting some legs here it looks like GWAV

Jumping heavy into PHUN on the pullback.

The junk yards should soon be filled with cars from the recent storms. We have had some New buyers. Good luck to the Longs. https://www.nasdaq.com/market-activity/stocks/gwav/institutional-holdings

$GWAV
https://x.com/autumnsdad1/status/1834936208356409602?s=61

GWAV 10Q due AUGUST 19

Up 25% since this post. Nothing to say?

GWAV new 52 week low

GWAV new 52 week low

F-ing. R/s should be illegal and no company should be able to sell stock when they have 0 product or profit

Agreed...they got me with the IR PR tour. I took a call. the CEO sounded so optimistic and they were goming on an acquisition spree...blah blah blah. down 98%! I have NEVER seen a reverse split that did not go right back down to being back into the pennies. I should NEVER take calls from IR PR promoters..or I should and then SHort the crap out of them. So sad. So pissed. I think people should sue. First they hire IR PR guys to promote the stock, then they convert all the debt holders, and then they offer millions of shares below market value then they reverse split. They HAVE to be working with the short sellers somehow. No CEO is that f-ing stupid or naive to kill his own share price by 99%, but I guess he is. It was like a murder plot for the company they was sequentially planned out but short sellers.

i told you on 6/23/24 to get out ,i will get back in at 38ct

GWAV new 52 week low

The owner of this company needs to d** slowly

GWAV new 52 week low

Maybe. Red days don't last forever.