NASDAQ:GWAV News 14 October 2025

GWAV Explodes 100% Pre‑Market: Can Greenwave’s Tiny Float + 50% Metal Tariffs Turn a Micro‑Cap Recycler Into a Breakout Story—or a Bull Trap?

Greenwave (GWAV) Stock Skyrockets as Metal Tariffs and Scrap Boom Fuel Rally

Greenwave’s business centers on scrap‑metal recycling. Through its subsidiary Empire, it runs what it calls “the #1 scrap metal chain in Hampton Roads,” located near the world’s largest Naval Base prnewswire.com. The company processes ferrous and non‑ferrous scrap for U.S. steelmakers (like Nucor, Cleveland‑Cliffs, Sims) and other industrial users. Its CEO Danny Meeks has emphasized that Greenwave supplies “100% domestically-sourced metals” and sees its facilities as crucial for national infrastructure and security prnewswire.com prnewswire.com. Tariffs & Tariffs: Crucially, Greenwave has ridden recent trade policy shifts. Early in 2025, the U.S. government announced sweeping 25% tariffs on imported steel, aluminum and

14 October 2025

GWAV Explodes 100% Pre‑Market: Can Greenwave’s Tiny Float + 50% Metal Tariffs Turn a Micro‑Cap Recycler Into a Breakout Story—or a Bull Trap?

Two‑sentence takeaway: GWAV is a tiny‑float, high‑volatility micro‑cap recycler spiking on momentum and macro tailwinds (50% U.S. metal tariffs, Nucor ramp). But it carries material execution and financing risk (heavy 2024 losses, repeated splits, delinquent filings). 1) What Greenwave does—and where it makes money Greenwave runs a cluster of scrap yards that buy, process, and sell recycled metal to mills and industrial customers. In FY2024, the 10‑K reports $33.3M revenue (metal $23.3M; hauling $9.9M), $13.0M gross profit, and a $100.4M net loss, with $26.1M total liabilities at year‑end. Sites span VA/NC/OH (mix of owned and leased), and the company highlights

14 October 2025

Financial Analysis · Green Energy · Investing · Micro-Cap Stocks · NASDAQ:GWAV · Stock Market