Hidden-Gem Poised for Growth in Massive Market Expected to Reach $368 Billion by 2030…(1)
See why now could be the best time to start your research on Greenwave Technology Solutions, Inc. (Nasdaq: GWAV).
NASDAQ: GWAV • NASDAQ: GWAV • NASDAQ: GWAV • NASDAQ: GWAV • NASDAQ: GWAV • NASDAQ: GWAV • NASDAQ: GWAV • NASDAQ: GWAV • NASDAQ: GWAV • NASDAQ: GWAV • NASDAQ: GWAV • NASDAQ: GWAV • NASDAQ: GWAV • NASDAQ: GWAV • NASDAQ: GWAV • NASDAQ: GWAV •
A Booming Future: Metal Recycling Predicted to Hit $368.7 Billion by 2030 (1)
Metal recycling, the process of transforming scrap metal into valuable products, plays a vital role in reducing greenhouse gas emissions, managing energy consumption, and conserving natural resources. This environmentally responsible practice involves taking waste metal, processing it, and creating new materials from it, including bars, ropes, and poles. Industries such as building and construction, packaging, automotive, industrial machinery, and shipbuilding rely on metals, making metal recycling an essential component of their sustainability efforts.
The global metal recycling market is poised for growth, driven by various factors, including the rise in construction activities in regions like Europe and Asia-Pacific. Urbanization and industrialization are rapidly developing economies, leading to increased government and consumer spending on residential and infrastructure construction, consequently boosting the metal recycling market. Additionally, recycling metals creates jobs and contributes to the country’s economy. For example, in the United States, the recycling industry employs over a million people and generates $236 billion annually. (1)
Urbanization and industrialization are major catalysts for the growth of the metal recycling market. Manufacturers widely accept this process as it allows them to procure raw materials for finished goods without altering their properties. Government-enforced laws and regulations also drive market growth, with the U.S. recycling industry contributing significantly to the national economy with $116.8 billion in economic output. Growing concerns about greenhouse gas emissions and increased environmental consciousness among the population further fuel the global metal recycling market’s expansion. (1)
In this landscape of environmental responsibility and economic viability, Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) stands out as one company to keep a close eye on. As it continues its efforts to revolutionize the metal recycling industry, Greenwave is poised to make a significant impact on sustainability and economic growth.
Keep reading to see why Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) deserves a top spot on your daily watchlist.
7 Reasons Why Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) Could Hold Significant Upside Potential Ahead Of 2024.
1
Untapped Growth Potential:
Greenwave Technology Solutions (Nasdaq: GWAV) is positioned in a dynamic industry that offers substantial untapped growth opportunities. Exploring its potential could lead to valuable insights into a market that’s expected to reach over $368 billion by 2030. (1)
2
Active Chart:
ince recently bouncing off its 52-week low of $.68 on 8/31/23, shares of Greenwave Technology Solutions (Nasdaq: GWAV) have moved 30.15% in just a week’s time when they reached $.885 on 9/8/23, according to Barchart.com. A 52-week high of $3.245, set back on 9/6/22, suggests over 377% in upside potential should shares return to this previous level. This move or any future moves are not certain, but the potential should be noted. (3)
3
Extremely Low Float Situation:
Market participants typically consider a float of 10-to-20 million shares as a low float. Some larger corporations have very high floats in the billions. (4) According to FinViz.com, Greenwave Technology Solutions (Nasdaq: GWAV) has less than 8.8 million shares available in float as of 9/11/23. (5)A low-float stock can make significant moves due to volatility from so few shares being available(4), so this could be an interesting situation to watch closely.
4
Innovative Downstream System:
The company’s innovative downstream processing system, achieving impressive daily revenues and substantial margins, is a compelling reason to delve into Greenwave Technology Solutions (Nasdaq: GWAV)’s operations. The company forecasts that this system will generate an average daily revenue of $38,000, boasting margins exceeding 80%. Furthermore, it is well on its way to achieving over $1 million in monthly revenue by the year’s end. (6)
5
Ferrous Metal Processing Advancements:
Greenwave Technology Solutions (Nasdaq: GWAV)’s upcoming second automotive shredder promises to revolutionize its ferrous metal processing capacity. Discovering how this advancement impacts the company’s operations and profitability could provide valuable insights. (7)
6
Strategic Expansion:
Greenwave Technology Solutions (Nasdaq: GWAV)’s expanding Cleveland facility presents a unique opportunity to examine how strategic location and infrastructure investments can drive revenue growth. It’s worth exploring how this facility could become a significant revenue contributor. (6)
7
Capital Infusion:
The successful private placement financing in August 2023 significantly improved Greenwave Technology Solutions (Nasdaq: GWAV)’s financial position. Investigating the financial details and implications of this move could reveal the company’s strategic strength. (7)
After Bouncing Off Its 52-Week Low, Could Greenwave Technology Solutions (Nasdaq: GWAV) Have as Much as 377% in
Upside Potential? (3)
Look at Greenwave Technology Solutions (Nasdaq: GWAV) daily chart above and do a little technical analysis using StockCharts.com and Barchart.com. You can see the following moving averages: (9)(3)
- Daily Average Price: $.84 as of 9/11/23
- 50 Day Moving Average $.89
- 100 Day Moving Average $.86
- 200 Day Moving Average $.94
- 52-Week Low: $.68 according to Barchart.com
- 52-Week High: $3.245
Since recently bouncing off its 52-week low of $.68 on 8/31/23, shares of Greenwave Technology Solutions (Nasdaq: GWAV) have moved 30.15% in just a week’s time when they reached $.885 on 9/8/23. A 52-week high of $3.245, set back on 9/6/22, suggests over 377% in upside potential should shares return to this previous level. This move or any future moves are not certain, but the potential should be noted. (3)
Greenwave Technology Solutions (Nasdaq: GWAV) Has a Very Low Float. (4)(5)
Low float stocks refer to the securities that remain after a company’s stock has been issued to its controlling investors — meaning there are relatively few shares for the public to buy.(4)
Market participants typically consider a float of 10-to-20 million shares as a low float. Some larger corporations have very high floats in the billions.(4)
Companies with a low float frequently have a large portion of their equity held by controlling investors such as directors and employees, which leaves only a tiny percentage of the stock available for public trading. (4)
Because low-float stocks have fewer shares available, market participants may have difficulty finding shares available. (4)
Greenwave Technology Solutions (Nasdaq: GWAV) has less than 8.8 million shares available in its float (as of 9/11/23) according to FinViz.com. (5)
A low-float stock can make significant moves due to volatility from so few shares being available(3), so this could be one interesting situation to watch closely.
Greenwave Technology Solutions (Nasdaq: GWAV) is also considered a nano-cap. In general, nano-cap companies have market capitalizations of less than $50 million.(11) Because nano-cap stocks are significantly smaller than mid cap or large cap companies, they have a higher potential to change valuation quickly. (12)
As of 9/11/23, Greenwave Technology Solutions (Nasdaq: GWAV) has a market cap of approximately $12.3 million according to MarketWatch.com. (13)
Nano-cap stocks may be overlooked by the market, as they often receive little attention from analysts and institutions.This can provide excellent research opportunities for individuals who are seeking to discover hidden gems. These small and often little-known companies may bring major improvements to existing products and services as well as introducing new products, using innovation to accelerate growth. (14)
This is why things could get very interesting and also why you need to start your research on Greenwave Technology Solutions (Nasdaq: GWAV).
U.S. Steel Turns Down $7.3 Billion Offer From Cleveland-Cliffs, Explores Alternatives – Potential Upside For Greenwave Technology Solutions, Inc. (Nasdaq: GWAV)? (6)
Major developments in the steel industry are reshaping the landscape for key players. U.S. Steel, a significant player in the industry, has recently declined a substantial $7.3 billion acquisition offer from Cleveland-Cliffs and is now contemplating competitive proposals from Esmark Inc. (6)
To add to the intrigue, there are rumors of ArcelorMittal SA considering entering the bid for this major steel manufacturer.
Amid this potential industry consolidation, Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) emerges as a proactive contender, gearing up for an aggressive expansion strategy to meet the escalating demands of leading U.S. steel mills.
Greenwave Technology Solutions, Inc. (Nasdaq: GWAV): Paving the Way for Growth in Metal Recycling (6)
Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) holds a prominent position as an operator of metal recycling facilities across Ohio, Virginia and North Carolina. Their core operations involve the collection, categorization, and processing of raw scrap metal, primarily to supply major steel mills and foundries. What sets Greenwave apart is its relentless pursuit of expansion and infrastructure enhancement, positioning itself as a key player during a potentially transformative phase in the steel industry.
Record-Breaking Growth: Positive Cash Flows and Expansion Plans… (6)
The first half of the year has seen Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) achieved remarkable growth, marked by substantial investments in infrastructure that have begun yielding impressive results. Notably, the company achieved a significant milestone by generating $1.23 million in positive cash flows from operations during the six months ending on June 30, 2023—a record achievement for the company.
Investing Heavily in Infrastructure…(6)
Greenwave Technology Solutions, Inc. (Nasdaq: GWAV)’s strategy of heavy infrastructure investment over recent years is now showing substantial promise. A standout example is the installation of a new automotive shredder and downstream processing system at its Kelford, North Carolina facility. This innovative system focuses on recovering millimeter-minus metal pieces from the residue left in the shredder. This previously discarded residue, often referred to as “fluff,” holds substantial value, but effectively extracting it has proven challenging. The downstream processing system is designed to overcome this hurdle.
The downstream system officially commenced operations in July 2023, introducing a fresh revenue stream set to kickstart in Q3 2023. The company forecasts that this system will generate an average daily revenue of $38,000, boasting margins exceeding 80%. Furthermore, it is well on its way to achieving over $1 million in monthly revenue by the year’s end.
Future Growth Anticipated (6)
Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) is accelerating its progress toward these goals with the impending launch of a second automotive shredder at its Carrollton facility. This addition will effectively double the metal recycler’s capacity to process ferrous metal. The decision to shred ferrous metal rather than selling it in its unshredded form positions the company to command higher prices, generating an estimated 33% increase in additional revenue compared to unshredded ferrous metal.
In April, Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) expanded its footprint with the opening of a new facility in Cleveland. Even though it has not yet reached its full volume potential, this location is already generating approximately $100,000 per month in revenue. As operations further ramp up, particularly with the commencement of a shear baler this month, the Cleveland facility is poised to generate $250,000 or more per month in revenue by next year. (6)
As U.S. Steel explores alternative pathways in a potentially consolidating steel industry, Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) stands out as a company actively positioning itself to seize new growth opportunities and strengthen its foothold in the ever-evolving world of metal recycling. (6)
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Greenwave Technology Solutions (Nasdaq: GWAV) Achieves Key Milestones in Metal Recycling (18)
Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) recently announced significant developments that highlight the company’s impressive growth and financial strength. These milestones set the stage for Greenwave to become a dominant force in the metal recycling industry.
Downstream Processing System Ignites Revenue Surge (18)
Greenwave has successfully initiated the operation of a downstream processing system at its Kelford, NC facility. This system is designed to recover millimeter-minus pieces of metal from automotive shred residue, often referred to as “fluff” within the industry. Since its launch, the downstream processing system has delivered outstanding results, generating an average daily revenue of $38,000 with impressive margins exceeding 80%.
As Greenwave continues to fine-tune this innovative system and introduces a copper extraction component, the revenues generated by the downstream processing system are poised to reach unprecedented heights. The company anticipates that these revenues could exceed $1 million per month by the end of 2023. This operational achievement has enabled Greenwave to generate positive cash flows from operating activities and positions the company to achieve positive EBITDA for the fiscal year ending December 31, 2023.
Greenwave’s CEO Optimistic About Growth (18)
Danny Meeks, Chief Executive Officer of Greenwave, expressed his optimism regarding the company’s growth prospects. Meeks stated, “We are at an inflection point in Greenwave’s growth trajectory. With the downstream processing system now online and new infrastructure set to come online in the coming weeks, we believe Greenwave’s revenue growth will accelerate going into 2024, in addition to increasing profit margins.”
Expanding Ferrous Metal Processing Capacity (18)
Another significant development for Greenwave is the imminent commencement of operations for its second automotive shredder, expected in the third quarter of 2023. This shredder, installed at the Carrollton facility, will process cars, household appliances, and industrial products, effectively doubling the company’s ferrous metal processing capacity. By selling ferrous metal in shredded form rather than unshredded, Greenwave anticipates a substantial revenue increase of approximately 33%, complemented by profit margins exceeding 60%.
This marks the conclusion of Greenwave’s multi-year capital expenditure cycle, during which the company invested over $15 million in infrastructure and equipment over the past 18 months. This strategic investment is expected to double the company’s ferrous metal processing capacity compared to fiscal year 2022 levels and provides the foundation for scaling up to more than 20 metal recycling facilities.
Cleveland Facility Expansion and Revenue Growth (18)
Greenwave’s Cleveland metal recycling facility, inaugurated in April 2023, is making solid progress. Currently generating approximately $100,000 in monthly revenue, the facility is expected to reach its full volume and revenue potential within 9 to 12 months. The company is installing a shear baler at the Cleveland facility, scheduled to commence operations in August 2023. This addition will significantly increase the facility’s capacity to purchase, process, and sell metal scrap.
Furthermore, Greenwave’s Cleveland facility has the advantage of access to the adjoining railroad, facilitating the transportation of processed scrap metal to steel mills and foundries. With its strategic location and growing familiarity among local businesses and individuals, the facility is poised for substantial revenue growth. Greenwave anticipates monthly revenue could ramp up to over $500,000 per month in 2024.
Strengthening the Balance Sheet (18)
On August 1, 2023, Greenwave successfully closed a private placement financing round, raising $15 million from institutional and accredited investors. These funds will be used to retire all outstanding factoring advances, reduce equipment debt, and support general corporate purposes. The notes from this financing mature in 24 months, with amortization beginning in the seventh month after closing, and they are convertible into common stock at a fixed price of $1.50 per share.
This strategic financing move has fortified Greenwave’s financial position, enabling it to meet its operational and growth objectives effectively.
Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) continues to make significant strides in the metal recycling industry, with an eye on growth, expansion, and profitability. The company’s commitment to innovation and investment in infrastructure positions it as a formidable player in the ever-evolving world of metal recycling.
Unlocking the Potential: Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) and Its Ferrous Metal Processing Advancements (7)
Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) is on the cusp of a significant transformation in its ferrous metal processing capabilities. The company’s impending installation of its second automotive shredder represents a major technological advancement in the scrap metal recycling industry. Delving into the details of this innovation reveals compelling insights into Greenwave’s operational prowess and potential for enhanced profitability.
Expanding Ferrous Metal Processing Capacity… (7)
Greenwave’s second automotive shredder, slated to commence operations in the near future, holds the promise of doubling the company’s ferrous metal processing capacity. This strategic move signifies a substantial leap forward in its ability to handle and process ferrous metals, which are crucial raw materials in the steel manufacturing sector.
Unlocking Revenue Potential…(7)
One of the key advantages of this development lies in the revenue potential it unlocks. By processing ferrous metal as shredded material rather than in its unshredded form, Greenwave stands to gain approximately 33% more revenue from each unit of metal processed. This shift towards shredded ferrous metal not only boosts revenue streams but also elevates profit margins, which are expected to exceed 60%.
Meeting Industry Demand… (7)
The scrap metal recycling industry is characterized by high demand for processed ferrous metals. These metals serve as the lifeblood of steel mills and foundries, which rely on a steady supply of quality scrap metal to fuel their operations. Greenwave Technology Solutions, Inc. (Nasdaq: GWAV)’s expansion in ferrous metal processing aligns perfectly with the industry’s needs, positioning the company as a reliable and sought-after supplier in the market.
Sustainable Growth…(7)
Beyond the immediate financial benefits, Greenwave’s enhanced ferrous metal processing capacity contributes to sustainable growth. As the company scales its operations and supplies a greater volume of processed ferrous metals to the market, it reinforces its position as a dominant player in the metal recycling industry.
Industry Insight…(7)
For industry stakeholders seeking deeper insights into Greenwave Technology Solutions, Inc. (Nasdaq: GWAV), understanding the implications of this ferrous metal processing advancement is crucial. It not only signifies the company’s commitment to innovation but also underscores its potential for increased revenue and profitability in the foreseeable future.
Greenwave Technology Solutions, Inc. (Nasdaq: GWAV)’s upcoming second automotive shredder is a game-changing development that merits exploration. It reflects the company’s proactive approach to meeting industry demands, unlocking revenue potential, and ensuring sustainable growth. Industry stakeholders and observers should closely monitor how this advancement impacts Greenwave’s operations and profitability, as it could be a significant driver of the company’s success in the metal recycling sector.
Greenwave Technology Solutions, Inc. (Nasdaq: GWAV)’s Strategic Expansion: A Path to Sustainable Revenue Growth (18)
In the world of business, strategic expansion is often the cornerstone of success. For Greenwave Technology Solutions, Inc. (Nasdaq: GWAV), the expansion of its Cleveland facility represents a strategic move that is poised to yield significant benefits. This expansion presents a unique opportunity to examine how strategic location and infrastructure investments can drive revenue growth, making it a compelling reason to delve deeper into Greenwave’s operations.
Strategic Location… (18)
One of the key factors contributing to the potential success of Greenwave’s Cleveland facility is its strategic location. Situated in a region known for its thriving manufacturing and industrial sectors, Cleveland is a hotspot for metal recycling. The proximity to numerous businesses, industries, and communities means that the demand for recycling services is consistently high. Greenwave’s decision to establish a presence in this bustling region demonstrates a keen understanding of market dynamics.
Cleveland’s central location also provides easy access to transportation networks, including railroads and highways. This logistical advantage enables efficient collection, processing, and distribution of recycled metals. It not only reduces operational costs but also enhances the company’s ability to serve a broader customer base.
Infrastructure Investments… (18)
Another critical aspect of Greenwave’s expansion strategy in Cleveland is its commitment to infrastructure investments. The company has been installing a shear baler at this facility, which is expected to commence operations in August 2023. This sophisticated piece of machinery significantly increases the amount of metal the Cleveland facility can purchase, process, and sell.
The shear baler’s installation is part of a carefully planned capex cycle that Greenwave has undertaken, with an investment of over $15 million in its infrastructure and equipment over the past 18 months. The goal is clear: to double the ferrous metal processing capacity from fiscal 2022 levels. By selling ferrous metal in a shredded form rather than unshredded, Greenwave can command approximately 33% more revenue with profit margins exceeding 60%.
Revenue Potential… (18)
The promise of revenue growth within Greenwave’s Cleveland facility is substantial. Currently generating approximately $100,000 in revenue per month, the facility is still in its early stages of development. It typically takes time for newly opened facilities to reach their full volume and revenue potential. Optimizing operations, raising awareness within the community, and establishing relationships with local businesses and individuals all contribute to this growth trajectory.
With the shear baler set to come online, the facility’s monthly revenue is expected to ramp up significantly, with projections of exceeding $500,000 per month in 2024. This bold prediction underscores the company’s confidence in the strategic expansion’s revenue-generating capabilities.
Greenwave Technology Solutions, Inc. (Nasdaq: GWAV)’s strategic expansion in Cleveland provides a fascinating case study in how a well-located facility, coupled with strategic infrastructure investments, can drive sustainable revenue growth. For those interested in understanding how strategic decisions can translate into increased profitability, the developments at the Cleveland facility are worth a closer look. As this expansion continues to unfold, it may well become a significant revenue contributor, solidifying Greenwave’s position as a key player in the metal recycling industry. (18)
Greenwave Technology Solutions, Inc. (Nasdaq: GWAV)’s Copper Extraction System to Boost Revenues (19)
Maximizing Copper Recovery (19)
The addition of the Orbcon PTV balling mill to Greenwave’s infrastructure is a strategic move to enhance copper recovery yields in their metal recycling operations. This advanced technology will play a pivotal role in maximizing copper extraction from the automotive shred residue, a critical component of the recycling process. The result? An increase in annual revenues and higher gross margins.
Building on Recent Developments (19)
This milestone comes on the heels of a recent achievement for Greenwave Technology Solutions. In July 2023, the company successfully initiated its downstream processing system at its Kelford, North Carolina facility. This system has allowed Greenwave to efficiently recover millimeter-minus pieces of metal from the automotive shred residue, often referred to as “fluff” in the industry.
The Final Piece of the Puzzle (19)
The Orbcon PTV balling mill represents the final component of Greenwave’s downstream processing system, specifically designed for extracting valuable copper from the shred residue. This addition is expected to be a game-changer, propelling the downstream processing system’s revenue generation to new heights. By the end of 2023, it is anticipated that this system will be contributing more than $1 million per month in revenue, boasting profit margins exceeding 80%.
A Transformative Phase for Greenwave (19)
Greenwave Technology Solutions has embarked on a transformative journey, marked by significant investments in infrastructure and technology. Over the past 18 months, the company has allocated more than $15 million in capital expenditures. These investments are not only projected to double the firm’s ferrous metal processing capacity but also catapult annual revenues to over $50 million, all while substantially expanding profit margins.
Exciting Growth Prospects (19)
Danny Meeks, Chairman and Chief Executive Officer of Greenwave, expressed optimism about the company’s growth trajectory. He emphasized the pivotal role played by these investments and the copper extraction system, positioning Greenwave for substantial expansion in the metal recycling sector. Meeks conveyed gratitude to the company’s shareholders for their unwavering support and looked forward to sharing further progress.
Doubling Capacity and Boosting Profit Margins (19)
The completion of the second automotive shredder installation at Greenwave’s Carrollton facility is another remarkable achievement. This shredder is set to commence operations shortly, once the necessary electrical infrastructure is in place, and is expected to double the company’s ferrous metal processing capacity. Greenwave’s strategic approach of selling ferrous metal in shredded form, as opposed to unshredded, ensures a 33% boost in revenue, along with impressive profit margins exceeding 60%.
With these recent developments, Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) is poised for significant growth, solidifying its position as a key player in the metal recycling industry. As the Orbcon PTV balling mill and the second automotive shredder come online, the company’s prospects for revenue expansion and increased profitability are more promising than ever.
Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) Explores Growth and Innovations in Recent Benzinga Interview (21)
(Video Source 21)
In a recent interview with Benzinga, Isaac Dietrich, the CFO of Greenwave Technology Solutions, Inc. (Nasdaq: GWAV), shed light on the company’s operations, expansion plans, and technological advancements. The interview provided valuable insights into Greenwave’s vision for the future and its commitment to sustainable growth. (21)A Simple Explanation of Greenwave’s Business… (21)
For those unfamiliar with Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) Dietrich offered a straightforward explanation: the company operates 13 metal recycling facilities in Virginia, North Carolina, and Ohio. These facilities, commonly known as scrap yards, serve as collection points where individuals and businesses bring in their metal materials for sale. Greenwave then processes, upgrades, and shreds these metals, subsequently selling them to leading steel mills and recycling facilities across the country.
An Aggressive Expansion Plan… (21)
Despite the economic uncertainties, Greenwave is on an aggressive expansion trajectory. Over the past 18 months, the company has invested over $15 million in capital expenditures, aiming to enhance its capabilities and seize growth opportunities. Dietrich highlighted two major projects contributing to this expansion:
- Downstream Processing System:
- This innovative system allows Greenwave to recover valuable metals from what was once considered waste or “fluff.” The system has already been generating a substantial monthly revenue of approximately $750,000. With further improvements and the introduction of a copper extraction component, this figure is projected to exceed $1 million per month by the end of 2023, boasting profit margins exceeding 80%.
- Second Automotive Shredder: Greenwave has completed the installation of its second automotive shredder, a significant investment. Once operational, it will enable the company to process all ferrous metal through the shredder, resulting in a 33% boost in revenue and profit margins exceeding 60%. The company anticipates achieving positive EBITDA, positive cash flows from operations, and even profitability.
Capitalizing on Industry Growth… (21)
The scrap metal industry is poised for substantial growth, driven by infrastructure investments, environmental concerns, and a shift toward environmentally-friendly practices. Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) is strategically positioned to capitalize on these opportunities by combining innovative technology with operational excellence.
Purchasing Real Estate and Direct-from-Consumer Buying… (21)
Greenwave also has plans to purchase the land underlying its scrap yards, currently costing $2.5 million annually in rent. This move is expected to significantly improve profitability and benefit shareholders. Additionally, the company has recently obtained an importer’s license to buy scrap cars directly from consumers, further increasing margins and profitability.
Maintaining Quality Amid Rapid Growth… (21)
Addressing concerns about quality amid rapid expansion, Dietrich emphasized that the core team, including Chairman Danny Meeks, has more than two decades of experience in the industry. Their extensive knowledge and experience have enabled the company to maintain its high-quality standards. Greenwave’s commitment to minimizing dilution and structuring acquisitions for swift recuperation of cash outlays further underscores its dedication to delivering shareholder value.
A Bright Future for Greenwave…(21)
Isaac Dietrich’s interview with Benzinga highlighted Greenwave Technology Solutions, Inc. (Nasdaq: GWAV)’s commitment to growth, innovation, and sustainability in the scrap metal industry. With a strong focus on technology, strategic expansion, and customer-centric practices, Greenwave is poised for a prosperous future, with a potential revenue target exceeding $50 million in the coming year.
As the company continues to make strides in technology and operations, it remains an exciting prospect for industry stakeholders and a testament to the enduring value of recycling in a rapidly changing world.
The Leadership Team at Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) (24)
Danny Meeks – Chairman and Chief Executive Officer (23)
Danny Meeks, the Chairman and Chief Executive Officer of Greenwave Technology Solutions, Inc., embarked on his entrepreneurial journey at the young age of 18 when he established a hauling company with just one truck. His vision and dedication led to rapid expansion, driven by reinvesting the company’s profits. Within a mere two years, Mr. Meeks secured contracts for hauling services for some of the region’s most significant projects, including the Chesapeake-Bay Bridge Tunnel expansion.
In 2000, Danny Meeks founded Meeks Disposal Corporation, initially equipped with one truck and ten roll-off cans. Through his tireless efforts and foresight, the company swiftly grew to comprise 100 trucks and 3,500 roll-off cans. Notably, when Hurricane Katrina struck, Meeks Disposal secured a substantial federal subcontract worth $100 million for the New Orleans cleanup. Under Mr. Meeks’ leadership, this venture oversaw a fleet of 1,500 trucks and employed 5,000 individuals. In 2010, Mr. Meeks orchestrated the sale of Meeks Disposal Corporation for an impressive $17 million.
Mr. Meeks extended his commitment to public service by winning election to the Portsmouth City Council in November 2012. During his tenure, he played a crucial role in various committees, including industrial, zoning, housing authority, economic development, and port & development boards. Additionally, he served on the budget committee, where he contributed significantly to shaping the city’s $750 million annual budget. Importantly, this budget facilitated raises for city employees without increasing taxes.
In 2002, Danny Meeks established DWM Properties, LLC, marking the beginning of his journey as a property investor. Over time, he steadily built an impressive portfolio comprising 106 properties, with an estimated total value of approximately $27 million.
Responding to the aftermath of Super Storm Sandy in 2012, Mr. Meeks founded Select Recycling Waste Services, Inc. The company earned a federal subcontract to assist with cleanup efforts in New Jersey. Over the years, this venture diversified and expanded its services, including the launch of a trash division. By 2020, Select Recycling Waste Services, Inc. reached remarkable heights, with a fleet of 70 trucks and 4,700 front load and roll-off containers. Mr. Meeks orchestrated two significant sales, with the majority of SRWS’ assets selling for $27 million in 2020 and the remaining assets fetching an additional $3 million in 2021.
In 2004, Danny Meeks laid the foundation for Empire Services, Inc., commencing with a single yard. Through strategic acquisitions and the establishment of new locations from the ground up, he has guided this venture’s remarkable growth over 17 years. Today, Empire Services, Inc. boasts 11 yards and achieves an annual revenue of $25 million.
Danny Meeks’ extensive business acumen, management expertise, and comprehensive knowledge of growth and commercialization strategies make him an invaluable addition to Greenwave Technology Solutions, Inc. His presence on the Company’s Board significantly contributes to fostering revenue-generating capabilities and furthering the organization’s objectives.
Isaac Dietrich – Chief Financial Officer (24)
Isaac Dietrich, the Chief Financial Officer of Greenwave Technology Solutions, Inc. (Nasdaq: GWAV), has played a pivotal role in the company’s growth and success. He is not only the CFO but also the founder of Greenwave. His extensive history with the company includes serving as Chief Executive Officer, Chairman of the Board, and a member of its Board of Directors at various times. His contributions have been instrumental in shaping the company’s direction and financial standing.
During his tenure, Dietrich was responsible for closing both public and private equity offerings, raising tens of millions of dollars in proceeds. He also played a crucial role in building a substantial shareholder base of over 27,000 investors. Furthermore, under his leadership, the company completed a strategic acquisition that led to an impressive $33.9 million in revenue in fiscal year 2022.
Isaac Dietrich’s work extends beyond Greenwave, as he currently serves as the Director of Finance at Thumzup Media Corporation since September 2022. Moreover, he joined Alpha Energy, Inc.’s Board of Directors in February 2023 and serves as Chairman of its Audit Committee.
Independent Directors (24)
Mr. Henry Sicignano
Henry Sicignano holds a prominent role as President at Charlie’s Holdings, Inc. (OTC: CHUC), a publicly traded consumer goods company with a global presence. He has been at the helm of this position since April 2021. His extensive experience in leadership extends to his role as the former Chief Executive Officer of 22nd Century Group, Inc. (Nasdaq: XXII), a publicly listed plant biotechnology company.
Furthermore, Mr. Sicignano currently serves as a director of Kartoon Studios, Inc. (NYSE: TOON) since May 2023. His impressive career also includes holding significant roles at NOCO Energy Corp and Kittinger Furniture Company, Inc. He has previously served on the board of directors of Anandia Laboratories, Inc., which was successfully acquired in 2018. Sicignano’s educational background includes a B.A. degree from Harvard College and an M.B.A. degree from Harvard University.
Within Greenwave Technology Solutions, Inc., Mr. Sicignano takes on the role of Chairman of the Audit Committee and serves as a member of the Compensation and Nomination and Corporate Governance Committees.
Mrs. Cheryl Lanthorn
Cheryl Lanthorn has built her career through diverse roles that demonstrate her dedication and expertise. Her journey began as a Personal Administrator at Welton, Duke & Hawks, which later evolved into her role as an Accounting Administrator due to her commendable work ethic, extensive knowledge in accounting, and keen attention to detail. For 14 years, she served as a Software Trainer and Content Developer for Applied Systems, Inc., where she created instructional materials to educate employees on the effective use of scalable software programs.
From December 2015 to July 2022, Cheryl Lanthorn held the position of an Account Executive at Brown & Brown Insurance, managing one of the company’s largest portfolios and handling various administrative responsibilities. Since August 2022, she has been a Senior Account Manager at Marsh Mclennan Agency, LLC, where she manages significant corporate accounts.
Within Greenwave, Mrs. Lanthorn serves as Chairwoman of the Compensation and Nomination and Corporate Governance Committees. She is also a valuable member of the Audit Committee.
Mr. John Wood
John Wood’s career has been closely tied to the real estate industry since 1998. He serves as a licensed real estate agent in Virginia and holds the position of Principal Broker at John E. Wood Realty, Inc., based in Chesapeake, Virginia. His expertise extends to residential, commercial, and property management brokerage services. Additionally, he serves as the Virginia Principal Broker for two other companies ranked among the top 10 in the nation. In 2018, he founded American Contracting Services, LLC, which has successfully completed numerous commercial and residential construction projects.
Within Greenwave Technology Solutions, Inc., Mr. Wood actively participates in the Audit, Compensation, and Nomination and Corporate Governance Committees.
Mr. Jason Adelman
Jason Adelman is the Founder and Managing Member of Burnham Hill Capital Group, LLC, a privately held financial advisory firm. He also serves as Managing Member of Cipher Capital Partners LLC, a private investment fund. His experience extends to serving on the board of directors of Trio-Tech International (Nasdaq: TRT) and Oblong, Inc. (Nasdaq: OBLG).
Before founding Burnham Hill Capital Group, LLC in 2003, Mr. Adelman held the position of Managing Director of Investment Banking at H.C. Wainwright and Co., Inc. He holds a B.A. in Economics, cum laude, from the University of Pennsylvania and a J.D. degree from Cornell Law School.
In Greenwave Technology Solutions, Inc., Mr. Adelman is an integral member of the Compensation and Nomination and Corporate Governance Committees, contributing to the company’s strategic direction and governance.
Hidden-Gem Poised for Growth in Massive Market Expected to Reach $368 Billion by 2030… (1)
See why now could be the best time to start your research on Greenwave Technology Solutions, Inc. (Nasdaq: GWAV).
7 Reasons Why Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) Could Hold Significant Upside Potential Ahead Of 2024.
1
Untapped Growth Potential:
Greenwave Technology Solutions (Nasdaq: GWAV) is positioned in a dynamic industry that offers substantial untapped growth opportunities. Exploring its potential could lead to valuable insights into a market that’s expected to reach over $368 billion by 2030. (1)
2
Active Chart:
ince recently bouncing off its 52-week low of $.68 on 8/31/23, shares of Greenwave Technology Solutions (Nasdaq: GWAV) have moved 30.15% in just a week’s time when they reached $.885 on 9/8/23, according to Barchart.com. A 52-week high of $3.245, set back on 9/6/22, suggests over 377% in upside potential should shares return to this previous level. This move or any future moves are not certain, but the potential should be noted. (3)
3
Extremely Low Float Situation:
Market participants typically consider a float of 10-to-20 million shares as a low float. Some larger corporations have very high floats in the billions. (4) According to FinViz.com, Greenwave Technology Solutions (Nasdaq: GWAV) has less than 8.8 million shares available in float as of 9/11/23. (5)A low-float stock can make significant moves due to volatility from so few shares being available(4), so this could be an interesting situation to watch closely.
4
Innovative Downstream System:
The company’s innovative downstream processing system, achieving impressive daily revenues and substantial margins, is a compelling reason to delve into Greenwave Technology Solutions (Nasdaq: GWAV)’s operations. The company forecasts that this system will generate an average daily revenue of $38,000, boasting margins exceeding 80%. Furthermore, it is well on its way to achieving over $1 million in monthly revenue by the year’s end. (6)
5
Ferrous Metal Processing Advancements:
Greenwave Technology Solutions (Nasdaq: GWAV)’s upcoming second automotive shredder promises to revolutionize its ferrous metal processing capacity. Discovering how this advancement impacts the company’s operations and profitability could provide valuable insights. (7)
6
Strategic Expansion:
Greenwave Technology Solutions (Nasdaq: GWAV)’s expanding Cleveland facility presents a unique opportunity to examine how strategic location and infrastructure investments can drive revenue growth. It’s worth exploring how this facility could become a significant revenue contributor. (6)
7
Capital Infusion:
The successful private placement financing in August 2023 significantly improved Greenwave Technology Solutions (Nasdaq: GWAV)’s financial position. Investigating the financial details and implications of this move could reveal the company’s strategic strength. (7)
Source 1:
https://www.alliedmarketresearch.com/metal-recycling-market
Source 2:
https://www.gwav.com/press-releases
Source 3:
https://www.barchart.com/stocks/quotes/GWAV/price-history/historical
Source 4:
https://www.sofi.com/learn/content/understanding-low-float-stocks/
Source 5:
https://finviz.com/quote.ashx?t=GWAV&p=d
Source 6:
https://finance.yahoo.com/news/u-steel-turns-down-7-130000033.html
Source 7:
https://finance.yahoo.com/news/greenwave-technology-solutions-inc-shareholder-200500061.html
Source 8: https://schrts.co/MghjWWAS
Source 9:
https://schrts.co/MghjWWAS
Source 10: https://investmentu.com/low-float-stocks/
Source 11: https://www.investopedia.com/terms/n/nanocap.asp
Source 12:
https://www.benzinga.com/money/best-nano-cap-stocks
Source 13:
https://www.marketwatch.com/investing/stock/gwav?mod=search_symbol
Source 14:
https://www.globexmarkets.com/financial-terms/n/nano-cap-stock.html
Source 15:
https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcTjxae3GCoMhqC-XbK1HDgVAW0VTsjmmYx1rQ&usqp=CAU
Source 16: https://www.howden.com/Howden/media/Social/industry/2023/DDA_DigitalLook_IronSteel.jpg?ext=.jpg
Source 17:
https://mma.prnewswire.com/media/2048410/4243019/Greenwave_Technology_Solutions__Logo.jpg?p=distribution
Source 18:
https://finance.yahoo.com/news/greenwave-technology-solutions-reports-third-120200444.html
Source 19:
https://finance.yahoo.com/news/greenwave-technology-solutions-copper-extraction-110200483.html
Source 20:
https://www.prall-tec.de/wp-content/uploads/2023/04/Messestand_ISRI_2023_2_Tiefenschaerfe-scaled.jpg
Source 21:
https://www.youtube.com/watch?v=MNt4rCdLg2E
Source 22:
https://static.wixstatic.com/media/0ae14f_9a3f856ef73e42c8a94da13220bf11dd~mv2.jpeg/v1/fill/w_2500,h_1666,al_c/0ae14f_9a3f856ef73e42c8a94da13220bf11dd~mv2.jpeg
Source 23:
https://www.gwav.com/about-danny-meeks
Source 24:
https://www.gwav.com/leadership