الأربعاء، 18 ديسمبر 2024

Early Market Scan: (GWAV) Just Took #1 Spot On Our Pre-Market Watchlist

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Market Crux Announces Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) As Its Next Potential Breakout Idea!


(GWAV) Comes Backed By Several Potential Catalysts Including:


With under 17.5M shares in its float, (GWAV) has the potential for significant swings if demand starts to shift.


(GWAV) recently moved approximately 275% in 7 days, from $0.29 to $1.09 reflecting growing market interest.


In 2024, (GWAV) increased current assets by 635%,


(GWAV) insiders recently acquired over

 500k shares in December 2024.


Now’s the time to consider adding (GWAV) to your radar…









December 18, 2024



Dear Reader,




When it comes to this morning’s early watchlist, Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) is taking the #1 spot.


With standout execution in 2024, this company is backed by several potential growth catalysts. 


Keep reading to see why (GWAV) is topping our watchlist for Wednesday. 


This emerging powerhouse in the scrap metal recycling industry has been executing on all fronts in 2024, laying the groundwork for what could be a breakout year ahead. 


With robust operational performance, strategic acquisitions, and a steady stream of growth catalysts, (GWAV) isn’t just competing—it’s leading the charge.


According to Finviz, Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) has a float of less than 17.5M shares. 


For companies with small floats like (GWAV), there’s potential for significant swings if demand changes. 


In fact, (GWAV) recently moved approximately 275% in just 7 days. 


When it comes to tomorrow’s watchlist, Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) takes the #1 spot—and for good reason.


This emerging leader in the scrap metal recycling industry has been delivering standout execution in 2024, supported by a series of potential growth catalysts.


With a float of less than 17.5M shares, according to Finviz, (GWAV) has the potential for significant swings if demand begins to shift.


Take a look at this: GWAV recently moved approximately 275% in just 7 days, a move that highlights growing market recognition and interest.

Keep reading to see why (GWAV) is leading the charge and why it’s topping our watchlist for Wednesday.


Global Metal Recycling Market: A Growing Industry


The global metal recycling market is witnessing unprecedented growth.


Steel leads the charge as the dominant product segment, accounting for over 79% in 2023. 


Metal recycling enables manufacturers to efficiently convert metal waste into reusable raw materials, offering a cost-effective and environmentally friendly alternative to traditional mining. 


This process conserves natural resources and significantly reduces greenhouse gas emissions—key factors driving adoption across industries.


Rising demand for metals in sectors like automotive, industrial, consumer electronics, and infrastructure has accelerated this growth. 



Combined with increasing urbanization, industrialization, and government initiatives promoting sustainable development, the industry is primed for significant expansion.

Valued at $295.23B in 2024, the market is projected to exceed $1.29T within the next 9 years. 


Companies like Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) are well-positioned to benefit from these favorable trends.


In 2024, (GWAV) increased current assets by 635%.



In 2024, Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) achieved what many companies only dream of: a complete revamp of its fiscal foundation. 


Shareholders’ equity grew by approximately $51M, showcasing the company’s accelerated momentum. 


Over the first nine months of 2024, Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) accomplished the following:


  • Increased current assets by 635% to $19.8M.
  • Decreased liabilities by 64%, bringing total liabilities down to a manageable $18.3M.


If those numbers don’t grab your attention, the recent insider activity will. 


In December 2024 alone, company leaders acquired over 500k shares according to Fintel.

This kind of bold action speaks volumes—it’s a clear signal of confidence in Greenwave Technology Solutions, Inc. (Nasdaq: GWAV)’s path forward.


Government Contracts Fueling Growth


Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) is tapping into the world of government contracts, creating a steady pipeline of revenue and cash flow. 


A few standout achievements include:


  • A contract worth between $15–$35M tied to Hurricane Helene recovery efforts with the Army Corps of Engineers, running through March 2026.
  • An exclusive agreement to recycle 550K pounds of non-ferrous metals, which is expected to add approximately $2M in revenue across Q4 2024 and Q1 2025.
  • Partnerships for critical infrastructure projects like the Hampton Roads Bridge Tunnel expansion, recycling agreements with municipalities, and multiple federal contracts.


With facilities strategically located near Naval Station Norfolk and the Port of Virginia, Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) has positioned itself as a critical player in recycling premium scrap metals from defense contractors, shipyards, and logistics hubs.


Strategic Cost Reduction and Facility Ownership


Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) took decisive steps to reduce its cost structure in 2024. By purchasing the real estate for seven core facilities, the company eliminated approximately $1.7M in annual rent expenses. Owning these properties not only strengthens the balance sheet but also increases operational flexibility—a significant advantage as the company scales.


A Breakthrough Year Ahead


2025 is shaping up to be a major inflection point for Greenwave Technology Solutions, Inc. (Nasdaq: GWAV). 


The opening of Nucor Corporation’s cutting-edge steelmaking facility in Lexington, NC, with a staggering annual capacity of 430k tons, will create a surge in demand for recycled steel. 


As a leading supplier in North Carolina, Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) is positioning itself to meet this need.


Strategic Dominance in a Rapidly Consolidating Market


The scrap metal industry is undergoing significant consolidation, and Greenwave has emerged as a dominant force. Operating 13 facilities across key markets, the company holds highly valuable operational licenses, many protected by grandfathered regulations that make it difficult for competitors to enter the space.


Key locations include:


  • Norfolk, VA: A facility near the largest U.S. naval base with a rare automotive recycler/demolisher license.
  • Virginia Beach, VA: The only metal recycling facility in Virginia’s largest city, strategically located near a thriving industrial hub.
  • Portsmouth, VA: Positioned near the Port of Virginia, a crucial point for domestic and international trade.


Recycling Revolution: Greenwave Targets 75% 

Domestic Revenue in 2025


The demand for sustainable, domestically sourced materials has never been stronger. 


Leading U.S. steel producers now aim for over 97% recycled raw materials, a target that plays directly into Greenwave’s strengths. 


The company is also primed to benefit from new trade policies. 


With domestic steel demand surging and tariffs reshaping global trade, Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) projects that 75% of its revenue will come from domestic sales in 2025—a sharp increase from 41% in previous years.


Significant Upside Potential in a Competitive Industry


When benchmarked against industry peers, Greenwave Technology Solutions, Inc. (Nasdaq: GWAV)’s performance and growth potential are hard to ignore. 


Consider these recent acquisitions:


  • Sims Metal purchased Baltimore Scrap Corp. for $220M in 2023.
  • Cleveland-Cliffs acquired Ferrous Processing and Trading Co. for $775M in 2021.
  • Steel Dynamics secured Roca Acero for $90M in 2022.


Greenwave’s fiscal performance, strategic relationships, and robust operations suggest it could soon command similar attention in the market.


A Company on the Move


Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) has built a rock-solid foundation for sustained growth. 


From government contracts and reduced costs to insider confidence and major upcoming catalysts, this company is positioned to deliver impressive results in 2025. 


Add to that its competitive edge in a consolidating market, and Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) stands out as a clear leader in the scrap metal recycling industry.


For those paying attention, Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) isn’t just another player—it’s a company making all the right moves to shape the future of its industry.


7 Reasons Why Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) is #1 On Our Early Morning Watchlist…


1. Limited Float: With a float of under 17.5M shares, (GWAV) has the potential for significant swings if demand begins to shift, a characteristic often seen in low-float companies.


2. Recent Attention: Greenwave Technology Solutions (GWAV) saw an approximate move of 275% within just 7 days, from $0.29 on November 26, 2024, to $1.09 on December 5, 2024—a clear reflection of increasing attention.


3. Major Turnaround: In 2024, (GWAV) saw strong improvements, increasing shareholders’ equity by $51M, boosting current assets by 635% to $19.8M, and reducing liabilities by 64%—evidence of exceptional execution.


4. Expanding Market: The global metal recycling market is projected to grow from $295B in 2024 to over $1.29T by 2033, with steel dominating 79% of the market share. (GWAV) is strategically positioned to capitalize on these favorable industry trends.


5. Rising Steel Demand: As U.S. steel producers push for 97% recycled materials and domestic production gains momentum under trade policies, (GWAV) expects 75% of its revenue to come from U.S. sales in 2025, a sharp rise from 41% in prior years.


6. Revenue-Driving Contracts: (GWAV) secured significant government contracts, including a $15–$35M agreement for Hurricane Helene recovery and exclusive deals to recycle 550K pounds of non-ferrous metals, contributing to near-term revenue growth.


7. Strong Insider Activity: In December 2024, company leadership acquired over 500K shares, signaling high confidence in (GWAV)’s growth potential.


Consider Adding (GWAV) To Your Radar This Week…


Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) has all the hallmarks of a company ready to stand out. With a limited float of under 17.5M shares, (GWAV) has demonstrated its ability to capture attention, reflected in its recent (approx.) 275% move in just 7 days.


The company’s exceptional turnaround in 2024—boosting shareholders’ equity by $51M, increasing assets by 635%, and reducing liabilities by 64%—showcases its ability to execute. 


Positioned in a potential $1.29T global metal recycling market by 2033, (GWAV) is aligned with surging demand for 97% recycled steel materials, fueled by domestic production and trade policies. The company expects 75% of its revenue to come from U.S. sales in 2025, up from 41%, marking a significant shift in its revenue mix.


Adding to this momentum, (GWAV) has secured high-value government contracts, including deals worth $15–$35M and exclusive agreements for 550K pounds of non-ferrous metals, driving near-term revenue growth.


Meanwhile, strong insider confidence, demonstrated through leadership acquiring over 500K shares in December 2024, signals belief in (GWAV)’s growth potential.


For those paying attention, Greenwave Technology Solutions (GWAV) is proving it has the fundamentals, momentum, and market positioning to continue leading the charge.


I’m dead serious.


Consider taking a look at (GWAV) before this morning’s opening bell.


As of 8:00 AM EST, we have (GWAV) on our screens—so make sure you keep a lookout for my next update.


I’ll check back in with you shortly.

Sincerely,


Gary Silver

Managing Editor,

MarketCrux

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*Pursuant to an agreement between Headline Media LLC and TD Media LLC, Headline Media LLC has been hired by TD Media LLC for a period beginning on 12/17/2024 and ending on 12/18/2024 to publicly disseminate information about (GWAV:US) via digital communications. Under this agreement, Headline Media LLC has been paid seven thousand five hundred USD (“Funds”) to disseminate information about (GWAV:US) via digital communications. These Funds were part of the funds that TD Media LLC received from a third party who did receive the funds from the issuer and does not own stock in the issuer but the reader should assume that the clients of the third party own shares in the issuer that they will liquidate at or near the time you receive this communication, which has the potential to hurt share prices. To date, including under the previously described agreement, Headline Media LLC has been paid thirty thousand USD (“Funds”) for (GWAV:US). Neither Headline Media LLC, TD Media LLC or their members own shares of (GWAV:US). Please see important disclosure information here: https://marketcrux.com/disclosure/gwav/

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