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Greenwave Technology Solutions Inc - GWAV STOCK NEWS

Welcome to our dedicated news page for Greenwave Technology Solutions (Ticker: GWAV), a resource for investors and traders seeking the latest updates and insights on Greenwave Technology Solutions.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Greenwave Technology Solutions's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Greenwave Technology Solutions's position in the market.

Rhea-AI Summary
Greenwave Technology Solutions, Inc. (GWAV) announces the connection of its second automotive shredder to the power grid, expected to double annual shredded ferrous output and boost revenues by $4.8 million. The company aims to increase revenue by 25-30% through shredding steel it currently sells unshredded. With the acquisition of Baltimore Scrap Corp., Greenwave becomes one of the largest independent chains of scrap yards on the East Coast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
24.49%
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Rhea-AI Summary
Greenwave Technology Solutions, Inc. (GWAV) successfully restructured its senior secured debt, waiving cash covenants and amortization payments. The company's second automotive shredder is expected to double ferrous metal processing capacity, leading to a 30% revenue increase. Record revenues are anticipated in 2024, with plans to aggressively grow operations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-57.91%
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none
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Rhea-AI Summary
Greenwave Technology Solutions, Inc. announces that its subsidiary, Scrap App, is now serving the Richmond Metropolitan Area, generating revenue from end-of-life vehicles. The company plans to expand to new markets, leveraging its expertise in the metal scrap industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.67%
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none
Rhea-AI Summary
Greenwave Technology Solutions, Inc. is set to double its ferrous metal processing capacity with the addition of a second automotive shredder, leading to a projected 30% increase in revenue and significant margins on steel volume. The company aims to achieve record revenues in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.25%
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none
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Rhea-AI Summary
Greenwave Technology Solutions, Inc. is on track to generate record revenues in FY 2024 with the upcoming full operation of a second shredder expected to double the company's ferrous metal processing capacity. Recent developments include impressive growth in revenues, volumes, and profits at Virginia Beach and Cleveland yards, the commencement of operations at a non-ferrous processing facility, and the acquisition of Baltimore Scrap Corp. for $177 million. The company aims to expand its footprint of metal recycling facilities and scale its technology platform, Scrap App, to new markets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.17%
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Rhea-AI Summary
Greenwave Technology Solutions, Inc. (
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5%
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none
Rhea-AI Summary
Greenwave Technology Solutions, Inc. announced that its subsidiary, Empire Metals, is now licensed to purchase end-of-life vehicles in Ohio, a core revenue and profit generator contributing over $5 million to the company's top line in FY 2023. The company's scrap car buying platform, ScrapApp.com, is rapidly scaling in Virginia and Ohio markets, with plans for further expansion. Greenwave believes that its vertical integration of the car scrapping process could create significant competitive advantages.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.07%
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none
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Rhea-AI Summary
Greenwave Technology Solutions, Inc. (GWAV) reports a revenue increase of over 10% in Q3 2023, with more than $9 million generated in the fourth quarter. The company expects significant revenue growth in FY 2024, supported by recent capital expenditures and operational enhancements. With over 20 years of experience, the company's leadership aims to create long-term shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.35%
Tags
earnings
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Rhea-AI Summary
Greenwave Technology Solutions, Inc. (GWAV) has announced the commencement of operations of a metal baler, wire stripper, and three sheers at its non-ferrous processing facility in Portsmouth, VA. The new high capacity metal baler is expected to significantly reduce labor and processing costs, increase profit margins, and potentially grow revenues by tens of thousands of dollars per month. The company has completed a $15 million capex cycle to double its ferrous metal processing capacity and scale to over 20 metal recycling facilities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.29%
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none
Rhea-AI Summary
Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) has generated over $100,000 in revenue from cars purchased through its subsidiary, Scrap App, Inc., in its first 90 days. The company is developing artificial intelligence to optimize pricing and automate systems to create efficiencies as it captures market share in the metal recycling industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.23%
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none
Greenwave Technology Solutions Inc

Nasdaq:GWAV

GWAV Rankings

GWAV Stock Data

2.11M
9.57M
49.91%
19.37%
3.28%
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United States
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About GWAV

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