Group 1 - Greenwave Technology Solutions, Inc. is preparing for significant demand increases for its 100% domestically-sourced scrap metal products, including steel, aluminum, copper, and zorba, as prices for domestic scrap metal have surged in February 2025 and are expected to rise further [1][7]. - The company is positioned to benefit from the recent 25% tariffs on steel and aluminum imports announced by President Trump, which apply without exceptions or exemptions, thereby enhancing the demand for domestically-sourced materials [2][8]. - Greenwave operates 13 metal recycling facilities and plays a critical role in infrastructure projects and U.S. national security, with operations across Virginia, North Carolina, and Ohio [6][8]. Group 2 - The company raised its revenue guidance for FY 2025 to $47-50 million, indicating strong growth prospects [8]. - The market value of Greenwave's current inventories is estimated to have exceeded $6 million, reflecting the company's robust asset base [8]. - Greenwave has a fleet of over 50 trucks, enabling it to capitalize on market opportunities and fulfill customer orders swiftly during supply chain disruptions [8]. Group 3 - The company has secured numerous government, municipal, and infrastructure contracts, providing a reliable supply of scrap metal and driving revenue growth [8]. - Greenwave completed a multi-year capital expenditure cycle, investing over $20 million in equipment and infrastructure to facilitate rapid expansion [8]. - The company has accelerated the nationwide expansion of its AI-powered scrap car buying platform, Scrap App, and commenced operations in several key markets [8].
Greenwave Technology Solutions, Inc. Preparing for Massive Demand Influx Amid 25% Tariffs on Steel and Aluminum Without Exceptions or Exemptions