Core Viewpoint - Greenwave Technology Solutions, Inc. is poised to benefit significantly from the upcoming 25% tariffs on steel and aluminum, which are expected to drive demand and increase profit margins in the metal recycling industry [1][2]. Company Overview - Greenwave operates 13 metal recycling facilities and supplies domestically-sourced metals to leading steel mills and industrial partners [3]. - The company is headquartered in Chesapeake, VA, and has operations across Virginia, North Carolina, and Ohio, playing a critical role in infrastructure projects and U.S. national security [3]. Financial Outlook - Greenwave has raised its revenue guidance for fiscal year 2025 to between $47 million and $50 million, anticipating surging demand for recycled metals due to the new tariffs [2]. - The strategic positioning of Greenwave in the Mid-Atlantic region places it at the center of the shifting dynamics in the U.S. steel and metals industry towards domestic sourcing [2].
Greenwave Technology Solutions, Inc. Chief Executive Officer Danny Meeks to be Interviewed on Fox Business Network's Varney & Co. Today