Streetbeat News

GWAV

Greenwave Technology Solutions, Inc.

https://www.greenwavetechnologysolutions.com

Industry

Waste Management

Greenwave Technology Solutions, Inc., through its subsidiary, Empire Services, Inc., operates metal recycling facilities in Virginia and North Carolina. The company, through its 11 metal recycling facilities, collects, classifies, and processes raw scrap ferrous and nonferrous metals for recycling iron, steel, aluminum, copper, lead, stainless steel, and zinc. It is involved in the purchasing and selling processed and unprocessed scrap metals to steel mills and other purchasers. The company was formerly known as MassRoots, Inc and changed its name to Greenwave Technology Solutions, Inc. in October 2021. The company was founded in 2002 and is headquartered in Suffolk, Virginia.

Open

0.35

Mkt cap

6.9M

Volume

552K

High

0.36

P/E Ratio

N/A

52-wk high

154.50

Low

0.34

Div yield

N/A

52-wk low

0.34

U.S. stocks traded mostly higher with the Dow Jones, NASDAQ, and S&P 500 all seeing gains. Macy's Inc. reported better-than-expected earnings and raised its FY24 forecast. MGO Global, Biodexa Pharmaceuticals, and Mangoceuticals saw significant stock price increases, while Greenwave Technology Solutions, American Oncology Network, and LuxUrban Hotels experienced notable declines.

Portfolio Pulse from Avi Kapoor

May 21, 2024 | 6:46 pm

James Hardie Industries (NYSE:JHX) shares fell 14.3% after reporting worse-than-expected quarterly earnings and sales. JP Morgan downgraded the stock from Overweight to Neutral. Other notable movers include MGO Global (NASDAQ:MGOL) up 194% after Q1 results, and Greenwave Technology Solutions (NASDAQ:GWAV) down 60.5% after reporting a year-over-year decrease in Q1 results.

Portfolio Pulse from Avi Kapoor

May 21, 2024 | 5:36 pm

The article highlights the intraday movements of 12 industrial stocks on Tuesday. Notable gainers include Complete Solaria (CSLR), Lichen China (LICN), Mesa Air Group (MESA), Agrify (AGFY), Applied UV (AUVIP), and NeoVolta (NEOV). Significant losers include Greenwave Technology Solutions (GWAV), iPower (IPW), iSun (ISUN), New Horizon Aircraft (HOVR), Pineapple Energy (PEGY), and Forward Air (FWRD).

Portfolio Pulse from Benzinga Insights

May 21, 2024 | 4:31 pm

U.S. stocks traded mostly higher with the Dow Jones index gaining around 0.2%. Lowe's Companies Inc reported better-than-expected first-quarter financial results. MGO Global, Biodexa Pharmaceuticals, and Mangoceuticals saw significant stock price increases, while Greenwave Technology Solutions, American Oncology Network, and LuxUrban Hotels experienced notable declines.

Portfolio Pulse from Avi Kapoor

May 21, 2024 | 4:00 pm

US stocks traded mixed with the Dow Jones gaining 0.1%, while the NASDAQ and S&P 500 fell. Zoom Video Communications reported stronger-than-expected earnings, boosting its stock. MGO Global, Biodexa Pharmaceuticals, and AgriFORCE Growing Systems saw significant gains, while Greenwave Technology Solutions, Cheetah Net Supply Chain Service, and LuxUrban Hotels experienced sharp declines.

Portfolio Pulse from Avi Kapoor

May 21, 2024 | 2:04 pm

Shares of Larimar Therapeutics (NASDAQ:LRMR) surged 17.6% in pre-market trading after the FDA lifted a partial clinical hold on its nomlabofusp clinical program. Other notable pre-market movers include Edible Garden AG (NASDAQ:EDBL) up 94.5%, MGO Global (NASDAQ:MGOL) up 83.6%, and Meta Materials (NASDAQ:MMAT) up 59.1%. On the downside, Greenwave Technology Solutions (NASDAQ:GWAV) fell 59.2%, Rubicon Technologies (NYSE:RBT) dropped 24.1%, and Palo Alto Networks (NASDAQ:PANW) declined 7.9% despite better-than-expected earnings.

Portfolio Pulse from Avi Kapoor

May 21, 2024 | 12:12 pm

The article highlights the pre-market movements of 12 industrial stocks on Tuesday. Notable gainers include Ault Alliance (AMEX:AULT), Professional Diversity (NASDAQ:IPDN), and Nocera (NASDAQ:NCRA), while significant losers include Greenwave Tech Solutions (NASDAQ:GWAV), ZIM Integrated Shipping (NYSE:ZIM), and Nordson (NASDAQ:NDSN). The movements are largely influenced by recent Q1 earnings reports.

Portfolio Pulse from Benzinga Insights

May 21, 2024 | 12:06 pm

Greenwave Technology Solutions shares are trading lower following a year-over-year decrease in Q1 financial results and the announcement of a registered direct offering.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 11:55 am

Greenwave Technology announced a registered direct offering of 420.596 million shares of common stock to certain institutional and accredited investors. Additionally, in a concurrent private placement, the company is selling unregistered warrants to purchase up to 420.596 million shares of common stock.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 11:49 am

Greenwave Tech Solutions (NASDAQ:GWAV) reported a Q1 EPS of $(0.39), down from $(0.36) YoY, and sales of $8.51M, down from $9.04M YoY.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 11:46 am

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