{"id":816265,"date":"2025-02-21T09:20:26","date_gmt":"2025-02-21T14:20:26","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/greenwave-technology-solutions-inc-underscores-commitment-to-growth-and-shareholder-value\/"},"modified":"2025-02-21T09:20:26","modified_gmt":"2025-02-21T14:20:26","slug":"greenwave-technology-solutions-inc-underscores-commitment-to-growth-and-shareholder-value","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/greenwave-technology-solutions-inc-underscores-commitment-to-growth-and-shareholder-value\/","title":{"rendered":"Greenwave Technology Solutions, Inc. Underscores Commitment to Growth and Shareholder Value"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n President Trump is expected to announce copper tariffs soon \u2013 the higher the tariff, the more revenue Greenwave is expected to generate<\/i>\n <\/p>\n

\n GWAV recently raised revenue guidance to $47<\/span>–$50 Million<\/span> for Fiscal Year 2025<\/i>\n <\/p>\n

\n Greenwave supplies Nucor, Sims Metal, Cleveland-Cliffs, and Georgia<\/span>-Pacific with 100% domestically-sourced recycled metals<\/i>\n <\/p>\n

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\n S&P Global Commodity Insights<\/a> and <\/i>
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\n BNN Bloomberg<\/i>
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\n recently covered Greenwave <\/i>\n <\/p>\n

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\n CHESAPEAKE, Va.<\/span>
\n <\/span>, Feb. 21, 2025<\/span><\/span> \/PRNewswire\/ — Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) (“Greenwave” or the “Company”), today announced that despite receiving numerous inquiries from investors, Greenwave has no immediate plans to raise capital. Greenwave currently has approximately $10 million<\/span> cash and current inventories of $7 million<\/span> \u2013 with scrap prices surging ahead of President Trump’s 25% tariffs on steel and aluminum imports set to take effect in March 2025<\/span>.<\/p>\n

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\n \"Greenwave
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$GWAV: Tariffs Are an Inflection Point<\/div>\n

Unlike tariffs on countries \u2013 which are often used as a negotiating tactic \u2013 the tariffs on steel, aluminum, and ultimately copper are intended to strengthen America’s steel industry to de-risk in our supply chain. The Biden Administration did not reverse the tariffs on steel implemented during President Trump’s first term \u2013 which are set to increase in March 2025<\/span> while eliminating all exceptions and exclusions. Greenwave expects the tariffs on metals to be perpetual.<\/p>\n

\n GWAV: Tariffs Are an Inflection Point\u00a0<\/b>\n <\/p>\n

Greenwave, a leading Mid-Atlantic supplier of mill-ready shred and recycled metals, is potentially primed for a rapid growth. Trump’s tariffs\u2014increasing un-reversed steel tariffs from his first term\u2014will eliminate exemptions in March 2025<\/span>, creating a tailwind for domestic metal recyclers. Analysts expect copper tariffs to further amplify Greenwave’s topline.<\/p>\n

\n Greenwave recently raised its FY 2025 revenue guidance to $47<\/span>–$50 million<\/span>, reflecting surging demand from U.S. steel giants.<\/b>\n <\/p>\n

\n Government Contracts Driving Growth<\/b>\n <\/p>\n

Greenwave continues to prioritize\u00a0government contracts as a key driver of revenue and cash flow growth. Recently, the Company secured:<\/p>\n