Up Approx. 16%, (Nasdaq: GWAV) Just Reached A New High Of Day (Breaking News)

(Nasdaq: GWAV) continues cooking early Wednesday.

*Sponsored StockWireNews Up Approx. 16%, (Nasdaq: GWAV) Just Reached A New High Of Day (Breaking News) December 18th Greetings Readers, (Nasdaq: GWAV) continues cooking early Wednesday. Now up approx. 16%, GWAV just hit a new high of day with backing from today's huge company announcement. Check it out: Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) Accelerates Rare-Earth Metal Recovery Amid Global Supply Disruptions Key takeaway from the article: Greenwave believes its proprietary rare-earth metal recovery initiative is a "catalytic converter-level" opp., with breakthrough technologies unlocking the profitable recovery of rare and high-value metals historically overlooked by the recycling industry. On top of the news, GWAV has moved above 4 important short term technical chart levels including its: 20-Day Simple Moving Average (SMA) 50-Day SMA 5-Day Exponential Moving Average (EMA) 13-Day EMA Take a quick peek at my initial report below and consider (Nasdaq: GWAV) for your radar. ----- My heart started racing when I saw this little tidbit nearly fly past my radar... Over the past few weeks, several officers and directors purchased a significant numbers of their own company's shares on the open market: Chairman and CEO, Danny Meeks, purchased 377,002 shares. Independent Director Jason Adelman, an experienced in-vest-ment banker and a graduate of the University of Pennsylvania and Cornell Law School, purchased 100k shares. Audit Committee Chair Henry Sicignano III, a former CEO of Nasdaq-listed company and double-Harvard graduate (both undergraduate and MBA), also purchased 100k shares. Pumping the breaks, it was time to do a deep-dive into what's cooking with this little-known Nasdaq profile. Here's what I found: (1.) Eye-opening revenue growth (and expected revenue growth in 2025). (2.) A low float that could create a volatile situation in moments. (3.) Multiple awarded contracts with major $ figures involved (including one prime contract with the Army Corps of Engineers). It's a lot to take in all at once, so I've created a report below to help fill in the key details ahead of Wall Street catching up to what's going on here. Consider taking a look at this company: *Greenwave Technology Solutions, Inc. (Nasdaq: GWAV)* As industries like construction, manufacturing, and electronics continue to expand, the demand for metals such as steel, aluminum, and copper will continue to grow. Many primary metal resources are finite. In other words, these resources are becoming increasingly scarce. Recycling allows these valuable materials to be reused, reducing the need for extensive mining and exploration, and contributing to resource conservation. Not surprisingly, with increasing concerns about environmental sustainability, more consumers and businesses are opting for products made from recycled materials. Metal recycling plants cater to this demand, creating a niche for themselves in eco-conscious markets. When you add it all up, metal recycling plants stand to benefit from a combination of economic, environmental, and social factors that contribute to their prosperity in today's rapidly changing world. Greenwave Technology Solutions, Inc., through its wholly owned subsidiary Empire Services, Inc. ("Empire"), is a leading operator of metal recycling facilities in Virginia, North Carolina, and Ohio. At these facilities, Empire collects, classifies, and processes raw scrap metal (ferrous and nonferrous) for recycling. Steel is one of the world's most recycled products with the ability to be re-melted and re-cast numerous times while offering significant economic and environmental benefits when compared with virgin materials. Scrap Is The New Precious Metal - Greenwave Technology Solutions, Inc. Company Breakdown

On September 30, 2021, Greenwave Technology Solutions, Inc. completed the acquisition of Empire Services, Inc. ("Empire"). Empire operates multiple metal recycling facilities situated in Virginia, North Carolina, and Ohio. Subsequent to the acquisition of Empire, the organization transitioned into the scrap metal sector, encompassing the collection, classification, and processing of items like appliances, construction materials, end-of-life vehicles, boats, and industrial machinery. These items are processed using techniques such as crushing, shearing, shredding, separating, and sorting, to yield smaller components. The recycled ferrous, nonferrous, and mixed metal pieces are categorized based on density and metal type before being sold. In instances involving scrap vehicles, catalytic converters, aluminum wheels, and batteries are extracted prior to shredding. The company's systems are meticulously designed to optimize the value derived from metal production through this procedure. The company operates an automotive shredder at the Kelford, North Carolina location and another automotive shredder at the Carrollton, Virginia location. These shredders are designed to yield a denser product and, in tandem with advanced separation equipment, refine recycled ferrous metals, enhancing their value due to decreased processing requirements for recycled steel products. Collectively, this process reduces sizable metal objects, like automobile bodies, into fragments resembling the size of a baseball.

The shredded fragments are subsequently transferred onto a conveyor belt beneath magnetized drums to segregate ferrous metals from mixed nonferrous metals and residual material. This process yields uniform, high-quality ferrous scrap metal. Nonferrous metals and other materials undergo further processing via various mechanical systems to separate nonferrous metals from any residual material. The remaining nonferrous metals are subject to additional processing to categorize the metal by type, grade, and quality before being marketed as products like zorba (primarily aluminum) and shredded insulated wire (mainly copper and aluminum). Among the key priorities for the company is the establishment of a facility with access to rail or deep-water ports. This strategic move would facilitate efficient transportation of their products to domestic steel mills and overseas foundries. Because this would greatly expand the number of potential buyers for the company's processed scrap products, they believe opening a facility with port or rail access could result in an increase in both the revenue and pro-fit-ability of their existing operations. Greenwave By The Numbers

Key Details & Sources: Company Website. Form 10-K. ----- Hinted at above, GWAV has several potential breakout catalysts to consider right now. Here they are: No. 1 GWAV Potential Catalyst - Company CEO Issues Game-Changing Update To Shareholders Highlighting A Huge 2024. Greenwave Technology Solutions, Inc. (Nasdaq:GWAV) Issues Chairman's Letter Insiders made open market purchases of more than 500k GWAV shares in December 2024 Company has increased shareholders' equity by approximately $51Mn in 2024 Greenwave continues to prioritize government contracts as a key driver of revenue and cash flow growth The Company recently purchased the real estate for seven of its core facilities, reducing annual rent expenses by approximately $1.7Mn Numerous upcoming catalysts expected to benefit Greenwave -- including the opening of Nucor Corporation's state-of-the-art Lexington, NC steelmaking facility with a staggering 430,000-ton annual processing capacity CHESAPEAKE, Va., Dec. 17, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) ("Greenwave" or the "Company"), a leading metal recycler in Virginia, North Carolina, and Ohio, released today the following letter to shareholders from Danny Meeks, Chairman and Chief Executive Officer: Greenwave Shareholders, I am pleased to report Greenwave will enter 2025 in the strongest strategic and financial position in the history of the Company. Three areas of focus highlight Greenwave's excellent – and improving – fundamental business: (i) a very strong balance sheet, (ii) increasingly favorable US trade policies focused on boosting demand for domestic scrap metal, and (iii) upcoming Company milestones and catalysts that are expected to be transformative for Greenwave's fundamental business. A Sound Balance Sheet During the first nine months of 2024, Greenwave de-risked operations – significantly growing Company assets while reducing or eliminating certain liabilities. From December 31, 2023 to September 30, 2024, Greenwave: Grew current assets by 635%, from $2.6+Mn to $19.7+Mn. Decreased total liabilities by 64%, from $50.8+Mn to $18.3+Mn. Increased shareholders' equity by $55.7+Mn, from a ($4.4+Mn) deficit to $51.2+Mn. ... Read the full article here. ----- No. 2 GWAV Potential Catalyst - A Valuable Government Contract Could Lead To A $2Mn Revenue Boost! Greenwave Technology Solutions, Inc. Wins Exclusive Government Contract for Metal Recycling Valued at Approximately $2Mn Greenwave to recycle 550,000 pounds of non-ferrous metal, estimated to increase Q4 2024 and Q1 2025 revenues by approximately $2Mn Leveraging municipal, state, and federal agreements further establishes Greenwave's leadership in metal recycling CHESAPEAKE, Va., Dec. 12, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. (Nasdaq: GWAV), a prominent leader in sustainable metal recycling across Virginia, North Carolina, and Ohio, announces it has been awarded an exclusive government contract for the recycling of 550,000 pounds of non-ferrous metal, estimated to boost Q4 2024 and Q1 2025 revenues by approximately $2Mn. ... Read the full article here. ----- No. 3 GWAV Potential Catalyst - From Tragedy Comes A New Revenue Stream For Greenwave (Massive Contract Awarded). Greenwave Technology Solutions, Inc. Awarded Contract Valued at $15 - $35Mn with Core Tree Care, Inc. for Hurricane Helene Recovery Services CHESAPEAKE, Va., Dec. 9, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. (Nasdaq: GWAV), a leader in sustainable metal recycling across Virginia, North Carolina, and Ohio, is on track to generate $15 – $35Mn in revenue through a contract with Core Tree Care, Inc., related to a prime contract with the Army Corps of Engineers. This high-value contract highlights Greenwave's ability to secure strategic partnerships in critical infrastructure recovery efforts. As part of the extensive recovery efforts in the aftermath of Hurricane Helene, the deadliest U.S. hurricane since Katrina in 2005, Greenwave is playing a significant role in removal and processing of trees in several counties outside of Asheville, North Carolina. Operating advanced equipment, including one Vermeer and two Morbark Wood Grinders valued at $1.4Mn each, the Company is applying the skills and knowledge gleaned from its two decades in metal recycling to wood recycling – a new revenue stream for Greenwave. ... Read the full article here. ----- No. 4 GWAV Potential Catalyst - With Nucor's Facility Launch On The Horizon, GWAV Sees An Increase In Regional Demand For Recycled Steel. Greenwave Technology Solutions, Inc. Positioned to Capitalize on Nucor's Lexington Facility Launch and Record Domestic Demand CHESAPEAKE, Va., Dec. 5, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. (Nasdaq: GWAV), a leader in metal recycling operations across Virginia, North Carolina, and Ohio, is set to benefit from the 2025 opening of Nucor Corporation's state-of-the-art steelmaking facility in Lexington, North Carolina. The facility's staggering 430,000-ton annual processing capacity, consisting of nearly 100% recycled materials, will significantly increase regional demand for recycled steel. Positioned as a Leading Supplier Greenwave stands as one of North Carolina's largest suppliers of recycled steel, operating five metal recycling facilities and an industry-leading American Pulverizer 60x85 shredder. Greenwave has a proven track record of supporting Nucor's operations, supplying its Hertford mill with steel for critical applications, including bridges, heavy equipment, and warships vital to American national security interests, including the $13Bn USS Gerald Ford aircraft carrier. ... Read the full article here. ----- No. 5 GWAV Potential Catalyst - This Profile's Low Float Could Provide A Volatile Environment In A Flash! According to info from Yahoo Finance's website, GWAV has a relatively low float. The website reports this profile to have roughly 16.38Mn shares in its float. Why is that figure important? It's important on one crucial level. Volatility potential. Could more positive company at the end of 2024 provide a near term spark? ----- (Nasdaq: GWAV) Recap - These Potential Breakout Catalysts Are Important To Consider No. 1 - Company CEO Issues Game-Changing Update To Shareholders Highlighting A Huge 2024. No. 2 - A Valuable Government Contract Could Lead To A $2Mn Revenue Boost! No. 3 - From Tragedy Comes A New Revenue Stream For Greenwave (Massive Contract Awarded). No. 4 - With Nucor's Facility Launch On The Horizon, GWAV Sees An Increase In Regional Demand For Recycled Steel. No. 5 - This Profile's Low Float Could Provide A Volatile Environment In A Flash! ----- Coverage is officially reinitiated on Greenwave Technology Solutions, Inc. (Nasdaq: GWAV). I'll be in touch with updates when necessary. Keep your eyes peeled. Sincerely, Kai Parker StockWireNews (Always Remember The St-ock Prices Could Be Significantly Lower Now From The Dates I Provided.)

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