Greenwave Technology Solutions Inc surges amid market gains
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 16 Jan 26
Source: 10-Q
Greenwave Technology Solutions Inc's stock price increased by 53.31% in pre-market trading, crossing above the 20-day SMA, indicating strong investor interest.
The surge in Greenwave's stock is attributed to broad market strength, as both the Nasdaq-100 and S&P 500 indices are showing positive movements. This upward trend in the broader market has likely contributed to the heightened demand for Greenwave shares.
This significant price movement may attract further attention from investors and analysts, potentially leading to increased trading volume and interest in the company's future developments.
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.
