(GWAV) Could Be On Track To Generate Record Revenues In 2024 (4 Explosive Potential Catalysts)

May 9th

Dear Reader,

We're on immediate breakout watch right now.

Drop what you're doing and pull up: Greenwave Technology Solutions, Inc. (Nasdaq: GWAV).

This little-known company could start turning heads quickly after a recent maneuver by the company's Chairman and CEO, Danny Meeks, in which he converted $17.22Mn in debt into equity.

In fact, with their balance sheet improving recently by $27Mn over a stretch of 90 days, their "hidden gem" moniker might be blown away quicker than expected.

Not only that, but GWAV is "on track to generate record revenues," in 2024.

Now, I understand that's a lot to soak in, but we need to get to the meat of the situation as quickly as possible...

See, 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 S-3.

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Hinted at above, GWAV has several potential breakout catalysts to pay attention to right now. Here they are:

No. 1 GWAV Potential Catalyst - A Treasure Trove Of Recent Company Highlights May Put The Breakout Spotlight On GWAV Near Term.

Greenwave Technology Solutions Further Strengthens its Balance Sheet

CHESAPEAKE, Va., April 23, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (Nasdaq: GWAV), a leading operator of metal recycling facilities in Virginia, North Carolina, and Ohio, announced today that on April 22, 2024, it further strengthened its balance sheet by approximately $12Mn.

Greenwave Recent Highlights:

Improved balance sheet by approximately $27Mn over the past 90 days
Chairman and CEO exchanged approximately $17Mn of debt into equity
Intends to utilize additional cash flow to aggressively grow operations
Anticipates starting operations for its second shredder in May
Plans to expand its wholly-owned technology platform, ScrapApp.com, into new markets and continue AI development
Plans to enhance margins of its Downstream Processing System with implementation of new Copper Extraction Technology
Expects to regain full compliance with all Nasdaq listing standards by the end of May
Seeks to accelerate efforts in social media, digital marketing and data analytics
On track to generate record revenues with record volume of steel processed in 2024

For more information, please see the Company's Current Reports on Form 8-K filed with the U.S. Securities and Exchange Commission on April 22, 2024, April 2, 2024, and March 18, 2024.

Read the full article here.

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No. 2 GWAV Potential Catalyst - New AI-Powered Features Could Propel GWAV's Scrap App To Accelerate Growth.

Greenwave Technology Solutions' Scrap App Launches A.I. Features to Scale and Grow into New Markets

CHESAPEAKE, Va., March 26, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (Nasdaq: GWAV), a leading operator of metal recycling facilities in Virginia, North Carolina, and Ohio, announced today that its wholly-owned subsidiary, Scrap App, Inc. ("Scrap App") has launched new AI-powered features to optimize pricing and sales. Greenwave anticipates Scrap App's planned national expansion, coupled with its AI strategy, will accelerate growth.

Greenwave is one of the first companies to utilize artificial intelligence in the $42.3Bn U.S. scrap metal industry(1). Scrap App has generated hundreds of thousands of do.ll.ars in revenue from end-of-life vehicles in the limited markets in which it's currently available -- Hampton Roads, VA, Richmond, VA, and Cleveland, OH.

A competitor to Scrap App reportedly generated $159Mn in annual revenue during 2022(2). Greenwave believes the efficiencies created by its vertical integration of key stages of the car scrapping process could lead to significant competitive advantages.

"We plan to expand Scrap App to multiple new markets across the United States in the coming weeks," stated Greenwave Chairman and CEO Danny Meeks. "As a technology platform, Scrap App has the ability to scale to new markets with minimal capital in-vest-ment – we do not have to open a new facility, purchase additional equipment, or significantly expand overhead when we enter a new city. We believe Scrap App has the potential to generate significant, high-margin revenue and create value for Greenwave shareholders."

...

Read the full article here.

Source (1) (2)

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No. 3 GWAV Potential Catalyst - A 2nd Shredder Could Lead To A Major Annual Revenue Boost Of Over $4Mn!

Greenwave Technology Solutions' Second Shredder Currently Being Connected to Power Grid by Dominion Energy Ahead of Schedule

The second shredder is expected to boost annual revenues by approximately $4.8Mn, with significant increase to gross pro-fit

CHESAPEAKE, Va., March 25, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (Nasdaq: GWAV), a leading operator of metal recycling facilities in Virginia, North Carolina, and Ohio, today announced that Dominion Energy is currently in the process of connecting its second automotive shredder to the power grid which is expected to be completed by March 29, 2024. The Company's second automotive shredder is expected to commence operations shortly thereafter and double Greenwave's annual shredded ferrous output.

Greenwave's existing automotive shredder – an American Pulverizer 60x85 – is the same make and model as its second one, providing the Company expertise in its operation and maintenance. By shredding the steel Greenwave currently sells unshredded, the Company anticipates that it will be able to generate approximately 25-30% more revenue with significant margins on that steel volume.

...

"Greenwave's second shredder provides the infrastructure for us to expand our footprint of metal recycling facilities up from 13 currently – significantly growing Greenwave's revenues, margins, and free cashflow," stated Greenwave CEO Danny Meeks. "We believe the market is significantly undervaluing Greenwave and firmly believe that by continuing our hub-and-spoke strategy of shredder hubs with feeder yards, we will become an increasingly attractive acquisition target of the major scrap metal conglomerates."

Greenwave is on track to grow its revenues and volume of steel processed from 2023 levels in 2024.

Read the full article here.

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No. 4 GWAV Potential Catalyst - Oversold Technicals Could Be Signaling Strong Potential For A Healthy Reversal.

Here's what was cooking at 4:00PM EST Wednesday. Barchart was reporting multiple oversold technical indicators for GWAV.

These technicals could be signaling a healthy reversal is approaching in the near term.

Here's the definition of a "reversal" from Investopedia:

"A reversal is a change in the price direction of an asset. A reversal can occur to the upside or downside. Following an uptrend, a reversal would be to the downside. Following a downtrend, a reversal would be to the upside. Reversals are based on overall price direction and are not typically based on one or two periods/bars on a chart."

Here's the technicals to pay close attention to (as of 4:00PM EST Wednesday):

9-Day Relative Strength Index: 21.78%
14-Day Relative Strength Index: 23.46%

When these numbers drop down to the 30% range and lower, they can be viewed as being in oversold territory. While in this territory, they can paint the picture of a profile that is undervalued.

14-Day Raw Stochastic: 2.74%
14-Day Williams %R: 97.26%

As the Raw Stochastic nears the 10% range and lower and the Williams %R nears the 90% range or higher, these technical indicators may also be viewed as oversold and undervalued.

Keep an eye on these technicals closely.

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GWAV Recap - 4 Potential Breakout Catalysts To Know Now

No. 1 - A Treasure Trove Of Recent Company Highlights May Put The Breakout Spotlight On GWAV Near Term.

No. 2 - New AI-Powered Features Could Propel GWAV's Scrap App To Accelerate Growth.

No. 3 - A 2nd Shredder Could Lead To A Major Annual Revenue Boost Of Over $4Mn!

No. 4 - Oversold Technicals Could Be Signaling Strong Potential For A Healthy Reversal.

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Coverage is officially initiated on (Nasdaq: GWAV). Get this breakout idea on your radar quickly.

Sincerely,

FierceAnalyst | Jaks Swift

Editorial Writer

(Always Remember The St-ock Prices Could Be Significantly Lower Now From The Dates I Provided.)

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