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.
News Market Reaction 1 Alert
On the day this news was published, GWAV declined 3.60%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
- 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
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
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