Greenwave Technology Solutions runs 14 metal recycling facilities across VA, NC, and OH, processing appliances, vehicles, and industrial scrap into ferrous and nonferrous metal pieces for sale.

TTM revenue sits near $60.6M, paired with a net loss of roughly $16.8M — a business grinding out top-line volume while bleeding on the bottom line. The biggest red flag: repeated Nasdaq delinquency notices and a Staff Determination Letter over Listing Rule 5250(c), plus a reverse split in August 2025. Filing compliance is a real overhang here. Tariffs on steel and aluminum are lifting domestic scrap demand, and Nucor's new Lexington, NC mill could be a genuine catalyst — management bought shares on the open market in December 2024. Bottom line: a leverage play on tariff-driven scrap pricing, but going-concern worries, chronic late filings, and micro-cap dilution risk make this a speculative story, not a clean setup.

TTM revenue sits near $60.6M, paired with a net loss of roughly $16.8M — a business grinding out top-line volume while bleeding on the bottom line.