Greenwave Technology Affirms Confidence In Exceeding Revenue Guidance Of $40M Driven By Both Increased Volume, Higher Prices
Portfolio Pulse from Benzinga Newsdesk
Greenwave Technology is confident in exceeding its revenue guidance of $40M for 2024, driven by increased volume and higher prices of steel and copper. Copper prices hit an all-time high in May 2024.
June 05, 2024 | 11:12 am
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Greenwave Technology is on track to exceed its revenue guidance of $40M for 2024, driven by increased volume and higher prices of steel and copper. Copper prices hit an all-time high in May 2024.
The company's confidence in exceeding its revenue guidance, combined with record high copper prices and increased processing volumes, suggests a positive short-term impact on GWAV's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100