Greenwave Technology Solutions Inc falls amid market weakness
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 31 Dec 25
Source: 10-Q
Greenwave Technology Solutions Inc experienced a decline of 5.46% as it crossed below its 5-day SMA, reflecting a challenging trading environment.
This drop is attributed to broad market weakness, with the Nasdaq-100 down 0.72% and the S&P 500 down 0.62%. The overall market sentiment has shifted negatively, impacting many stocks, including Greenwave Technology Solutions Inc.
Investors are advised to monitor the market closely, as the current trend suggests a cautious approach in the technology sector.
Analyst Views on GWAV
About GWAV
Greenwave Technology Solutions, Inc., through its wholly owned subsidiary Empire Services, Inc. (Empire), is an operator of about 13 metal recycling facilities in Virginia, North Carolina, and Ohio. It operates through three segments: Scrap Metal Recycling, Hauling, and Other. It collects, classifies, and processes appliances, construction materials, end-of-life vehicles, boats, and industrial machinery. Its main product is ferrous metal, which is used in the recycling and production of finished steel. It is categorized into heavy melting steel, plate and structural, and shredded scrap, with various grades of each of those categorizations based on the content, size and consistency of the metal. It also processes nonferrous metals such as aluminum, copper, stainless steel, nickel, brass, titanium, lead, alloys and others. It also offers ScrapApp.com, a platform for buying end-of-life vehicles directly from individuals wishing to sell their cars, rather than from third parties.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
