Greenwave Technology Solutions Inc. Stock Analysis GWAV

Greenwave Technology Solutions, Inc. is an emerging growth company, which engages in recycling ferrous metal. The company is headquartered in Chesapeake, Virginia and currently employs 180 full-time employees. The company went IPO on 2015-03-03. Its recycling facilities collect, classify, and process raw scrap metal (ferrous and nonferrous) and implement several unique technologies to increase metal processing volumes and operating efficiencies, including a downstream recovery system and cloud-based ERP system. Its segments include Scrap Metal Recycling, Hauling, and Other. The company 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. The company 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. The company also processes nonferrous metals.