Greenwave raises revenue forecast amid new tariffs

CHESAPEAKE, Va. – Greenwave Technology Solutions, Inc. (NASDAQ: GWAV), a prominent player in the metal recycling industry, has updated its revenue projections for fiscal year 2025 to $47-50 million, representing significant growth from its current revenue of $33.92 million. This adjustment follows the recent implementation of tariffs on imported steel, aluminum, and copper by the Trump administration. The company, currently valued at $8.5 million market cap, appears undervalued according to InvestingPro analysis.

The company, which operates 13 metal recycling facilities, has positioned itself as a key supplier of 100% domestically-sourced metals to major industry players. Greenwave’s product lineup includes steel, aluminum, copper, and rare-earth metals that are essential for infrastructure projects and national security.

Greenwave’s revised revenue guidance suggests an expected growth of 10-20%, significantly above its current gross profit margin of 23.54%. InvestingPro data reveals the company is quickly burning through cash, which investors should monitor alongside the projected margin improvements. The company attributes this optimistic outlook to the new tariffs, which could lead to increased demand for domestically-sourced materials.

In response to the changing market dynamics, Greenwave is actively engaged in negotiations with various entities that require access to high-volume, mill-ready metal supplies. Headquartered in Chesapeake, VA, the company’s operations extend across Virginia, North Carolina, and Ohio, playing a significant role in supplying leading steel mills and industrial partners.

The information provided in this article is based on a press release statement from Greenwave Technology Solutions. It is important to note that forward-looking statements involve risks and uncertainties, and actual results may differ from those projected. Greenwave’s stock price may experience significant fluctuations due to these factors.

Investors and industry observers will be watching closely to see how these tariffs impact the metal recycling sector and Greenwave’s market position. The company has not publicly commented on any further expansion plans or the potential opening of new locations at this time. With the stock trading at a low Price/Book multiple of 0.17, detailed financial analysis and additional insights are available through InvestingPro, which offers 13 additional key tips for GWAV investors.

In other recent news, Greenwave Technology Solutions has been making significant strides in its operations. The company has secured an exclusive recycling contract in Virginia Beach, expected to generate over $500,000 in annual revenues. This positions Greenwave as the sole scrap metal recycling service provider in the city, with access to substantial scrap metal supply from nearby military and industrial operations.

Additionally, Greenwave has entered into a financial agreement to bolster its rare earth metals recovery efforts, raising $4 million through a securities purchase agreement. The company is also accelerating initiatives to recover rare earth metals amid global supply chain concerns, particularly China’s 2024 export restrictions on essential materials.

Greenwave has also announced a $4 million offering, selling approximately 7.5 million shares of common stock and accompanying warrants to raise gross proceeds. Dawson James Securities Inc. serves as the placement agent for this transaction.

In a strategic move, the company has expanded into wood recycling as part of the cleanup efforts following Hurricane Helene, expected to generate between $15 million and $35 million by March 2026. Lastly, Greenwave has been ramping up its rare-earth metal recovery in response to recent global supply chain disruptions. These are the recent developments in the company’s operations.

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