Greenwave Technology Solutions (GWAV)
Processes scrap metal and hauls material for steel and metals markets.
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Processes ferrous and nonferrous scrap through Empire Services yards, selling metal to steel and metals markets while earning hauling and minor rental income. Its economics hinge on the spread between buyer prices and scrap-acquisition, transport and processing costs.
Operates Empire Services, a network of scrap-metal yards across Virginia, North Carolina and Ohio. The operation buys or collects end-of-life vehicles, appliances, equipment and industrial scrap, then classifies, crushes, shears, shreds and sorts ferrous and nonferrous material for steel producers and other metal processors. Hauling supports both collection and delivery, while other revenue is primarily rental income.
Earns its main spread by resetting scrap-purchase prices as prevailing buyer prices change, with volume, separation equipment, yard locations and operating synergies central to the model. Operations depend on local permits, physical yards, trucks and two automotive shredders, while sales and supplier activity are concentrated in Virginia and northeastern North Carolina. The business faces cyclical metal demand and competition from larger recyclers, vertically integrated steel mills and smaller independent yards.
Company facts
Categories
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $655.0K · Total debt $12.9M · Total assets $52.7M · Shareholders' equity $21.2M
- Revenue
- $16.0M
- Operating income
- −$2.8M
- Net income
- −$3.2M
No dividends on record.
| Institutions9 holders · as of Mar 31, 2026 | 3.69% | 30.6K shares | |
| Insiders5 holders · as of Feb 28, 2025 | 4.08% | 33.8K shares | |
| Otherremainder | 92.23% | 765.2K shares |
829.6K company shares as of Sep 3, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
Danny MeeksInsiderdirector, 10 percent owner, officer: Chief Executive Officer | 2.33% | 19,297 | Form 4filed Dec 4, 2024 ↗ |
Geode Capital Management, LLCInstitution | 1.76% | 14,600 | 13Fas of Mar 31, 2026 |
UBS Group AGInstitution | 1.53% | 12,663 | 13Fas of Mar 31, 2026 |
Henry Iii SicignanoInsiderdirector | 0.77% | 6,364 | Form 4filed Dec 4, 2024 ↗ |
Vanguard Capital Management LLCInstitution | 0.37% | 3,045 | 13Fas of Mar 31, 2026 |
| See all 25 → | |||
13F — a manager's quarterly holdings · Form 4 — an insider's transaction report
Insider tradesForm 4
Nothing filed in the last 12 months.
- Steel Dynamics
Vertically integrated recycler contests scrap supply and mill sales.
- Commercial Metals
Large recycler contests ferrous and nonferrous scrap flows.
- Nucor
DJJ's recycler network contests scrap supply and logistics.
- Cleveland-Cliffs
FPT's scrap-processing network is a vertically integrated threat.
ComparePre-market
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Greenwave Technology Solutions | $5.55 | −4.31% | $4.8M | — | — | 0.1 | — |
| Steel Dynamics | $247.79 | +0.06% | $35.49B | 22.5 | 12.2 | 1.7 | +33.4% |
| Commercial Metals | $69.25 | +0.10% | $7.65B | 13.0 | 9.7 | 0.9 | +22.9% |
| Nucor | $264.02 | +0.03% | $60.12B | 21.1 | 12.9 | 1.7 | +23.0% |
| Cleveland-Cliffs | $12.39 | −0.20% | $7.09B | — | 19.5 | 0.4 | +5.9% |
| Median | 21.1 | 12.5 | 1.3 | +22.9% |