Greenwave Technology Solutions (NASDAQ: GWAV) reported significant improvements in its financial position, reducing liabilities by 64% and growing current assets by 635% from December 2023 to September 2024. The company secured substantial government contracts, including one valued at $15–$35 million tied to Hurricane Helene recovery and another for recycling 550,000 pounds of non-ferrous metal. Greenwave stands to benefit from increased domestic demand for recycled metals, supported by U.S. trade policies and the opening of Nucor’s steelmaking facility in 2025. Additionally, recent insider purchases of shares signal strong leadership confidence as Greenwave leverages its strategic location, operational licenses, and key supplier relationships to capitalize on industry growth and consolidation.
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About Greenwave Technology Solutions Inc
Greenwave Technology Solutions, Inc., through its wholly owned subsidiary Empire Services, Inc. (“Empire”), is an operator of 13 metal recycling facilities in Virginia, North Carolina, and Ohio. The Company’s recycling facilities collect, classify, and process raw scrap metal (ferrous and nonferrous).
NOTE TO INVESTORS: The latest news and updates relating to GWAV are available in the company’s newsroom at https://ibn.fm/GWAV
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