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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.

News
Greenwave Technology Solutions Generates More than $9 Million Revenue in Q4 2023
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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News
Greenwave Technology Solutions Commences Operation of Metal Baler, Wire Stripper, and Sheers at Non-Ferrous Processing Facility
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%
Tags
none
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News
Greenwave Technology Solutions' Scrap App Expands to Second Market as it Continues to Capture Market Share
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%
Tags
none
News
Second Automotive Shredder at Greenwave Expected to Materially Increase Carrollton Facility's Revenues Beginning in Q4 2023
Rhea-AI Summary
Greenwave Technology Solutions, Inc. expects its second automotive shredder to double its ferrous metal processing capacity and increase revenue in Q4 2023. The company plans to expand to over 20 metal recycling facilities in the coming months, positioning it for rapid growth. The installation of the shredder marks the end of a multi-year capital expenditure cycle, with over $15 million invested in upgrading infrastructure and equipment. This initiative will double the company's ferrous metal processing capacity compared to fiscal 2022 levels.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.45%
Tags
earnings
-
News
Greenwave Technology Solutions Announces its Shear Baler is Now Fully Operational at its Cleveland Facility
Rhea-AI Summary
Greenwave Technology Solutions, Inc. has announced the full operational status of its newly installed shear baler at its Cleveland facility, which is expected to significantly increase metal recycling production capacity and revenue. The company believes that the Cleveland facility has the potential to be one of its highest volume and most profitable facilities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.06%
Tags
none
-
News
Greenwave Technology Solutions Launches Scrap App with AI Pricing Engine in Development
Rhea-AI Summary
Greenwave launches ScrapApp.com, an AI pricing engine for junk cars, with plans to expand functionality to include metal from construction and demolition projects and introduce a points-based rewards system. Greenwave aims to become the leading technology platform for the $41.4 billion scrap metal industry. Competitor generates $159 million in annual revenue. Initial availability in Virginia and North Carolina, with plans for expansion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.35%
Tags
AI
News
U.S. Steel Turns Down $7.3 Billion Offer From Cleveland-Cliffs, Explores Alternatives – Potential Upside For Greenwave Technology Solutions?
Rhea-AI Summary
U.S. Steel considers competing offers from Cleveland Cliffs, Esmark Inc, and ArcelorMittal SA. Greenwave Technology Solutions focuses on aggressive growth as steel industry potentially consolidates. Greenwave generates $1.23 million in positive cashflows, expects positive EBITDA for 2023. New revenue stream from downstream processing system to generate over $1 million per month. Installation of second automotive shredder to double processing capacity. Cleveland location generates $100,000 per month, expected to reach $250,000 per month next year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.45%
Tags
none
-
News
Greenwave Technology Solutions Regains Compliance with Nasdaq Listing Standards
Rhea-AI Summary
Greenwave Technology Solutions regains compliance with Nasdaq listing requirements
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.18%
Tags
none
-
News
Greenwave Technology Solutions Announces $3.2 Million Registered Direct Offering Priced Above Market
Rhea-AI Summary
Greenwave Technology Solutions, Inc. announces registered direct offering of 2,511,166 shares of common stock at $1.27 per share, resulting in $3.2 million in gross proceeds. Funds will be used for expansion of metal recycling operations, accretive acquisitions, and general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.45%
Tags
offering
News
Greenwave Technology Solutions Reports Third Highest Quarterly Revenues in Company History
Rhea-AI Summary
Greenwave Technology Solutions, Inc. (NASDAQ: GWAV) achieved record-breaking financial results, generating $18.46 million in revenues and $1.23 million in positive cashflows from operations during the six months ended June 30, 2023. The company also closed a private placement for $15 million, paying off outstanding debt and reducing its monthly cash repayment obligations. Greenwave's downstream processing system at its Kelford, NC facility is expected to significantly boost revenues, with the potential to exceed $1 million per month by the end of 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.74%
Tags
none
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Greenwave Technology Solutions Inc

Nasdaq:GWAV

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GWAV Stock Data

5.03M
13.00M
21.45%
8.33%
5.08%
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United States
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About GWAV

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