24/7 Market News Snapshot 04 February, 2025 – Greenwave Technology Solutions, Inc. Common Stock (NASDAQ:GWAV)
DENVER, Colo., 04 February, 2025 (247marketnews.com) – (NASDAQ:GWAV) are discussed in this article.
Greenwave Technology Solutions, Inc. (GWAV) has demonstrated considerable upward momentum in its trading activities, opening at $0.375 before reaching a current trading price of $0.412, marking an increase of 8.42% since the previous close at $0.380. This positive shift, evidenced by a substantial trading volume of 11.36 million shares, reflects strong investor interest, potentially spurred by recent advancements and overall market sentiments. Continued trading above the $0.400 threshold could indicate further upward movement, although careful observation of trading volume and pricing trends is essential for sustaining investor confidence.
In light of changing market dynamics, Greenwave is pleased to announce a revision of its revenue guidance for fiscal year 2025, now projecting revenues between $47 million and $50 million. This adjustment is driven by the newly enacted tariffs on steel, aluminum, and copper imports, positioning the Company favorably as a supplier of 100% domestically-sourced metals. With gross profit margins ranging from 40% to 45%, Greenwave is committed to delivering quality and sustainability in the metal recycling sector.
The Company is currently engaged in negotiations to supply high-volume, mill-ready metals to various industrial partners, further solidifying its role in the supply chain critical to many infrastructure projects. This strategic approach not only underscores Greenwave’s commitment to industrial efficiency but also aligns with national goals for industrial integrity and security.
As it enhances its operational capabilities and seeks to foster strategic partnerships, Greenwave Technology Solutions continues to play an essential role in the evolving landscape of metal recycling, poised for significant contributions in sustainable practices and innovative supply solutions. Stakeholders can anticipate meaningful developments as the Company strives to redefine the future of metal sourcing.