Greenwave Technology Solutions, (GWAV) Stock Price & How to Invest
Short answer
You can invest in Greenwave Technology Solutions (GWAV) by buying shares or fractional shares at any major broker, through an ETF that holds it, or as one holding in a thematic basket. The thesis is exposure to domestic scrap-metal recycling, with Greenwave processing ferrous and nonferrous scrap across a network of yards in Virginia, North Carolina, and Ohio and selling mill-ready shred to U.S. steelmakers. The biggest risk is that GWAV is a highly speculative micro-cap with a long history of heavy share dilution and reverse stock splits, an unprofitable income statement, and revenue that swings with cyclical scrap-metal prices.
GWAV stock price
As of 2026-06-26, Greenwave Technology Solutions, (GWAV) last closed at $3.25, down 84.8% over the past year. Over the past 52 weeks it has traded between $3.22 and $31.90.
Prices are daily closing prices from Yahoo Finance and may be delayed. For the live quote, check your broker or Greenwave Technology Solutions,'s investor relations page. Walnut is informational, not investment advice.
What does Greenwave Technology Solutions, (GWAV) do?
Greenwave Technology Solutions, Inc. (NASDAQ: GWAV) is a U.S. scrap-metal recycling company. It operates a network of metal recycling facilities (around 13 yards as of mid-2026) across Virginia, North Carolina, and Ohio, where it collects, sorts, and processes ferrous and nonferrous scrap. Greenwave makes money primarily by buying scrap metal, processing it (including downstream shredding that turns mixed scrap into higher-value mill-ready shred), and selling recycled metals to large industrial customers; it has named buyers such as Nucor, Sims Metal, Cleveland-Cliffs, and Georgia-Pacific. The company positions itself as a supplier of 100% domestically sourced recycled metal.
What's driving Greenwave Technology Solutions, (GWAV)?
Domestic recycled-metal demand
U.S. steelmakers increasingly run electric-arc furnaces that depend on recycled scrap rather than virgin ore, which supports demand for domestically sourced shred. Greenwave's pitch is exposure to that structural shift, supplying mill-ready material to large industrial buyers.
Downstream shredding margins
Processing mixed scrap through shredders and separation equipment can convert lower-value feedstock into higher-value mill-ready shred. Greenwave has invested in this downstream capacity, which in principle widens the spread between what it pays for scrap and what it sells processed metal for.
Facility network expansion
Greenwave has grown its count of recycling yards over time and has spoken about adding capacity and raising revenue targets. A larger footprint can mean more scrap volume collected and processed, though execution depends on capital the company has historically had to raise through dilutive financing.
Operating leverage if volumes rise
Recycling yards carry fixed costs, so rising throughput could in theory improve margins faster than revenue grows. The open question is whether Greenwave can reach the volumes needed to cover its cost base and service its debt.
What are the risks to Greenwave Technology Solutions, (GWAV)?
Greenwave has a heavy history of share dilution and reverse stock splits, including a 1-for-150 reverse split in May 2024 and a 1-for-110 reverse split in August 2025, both carried out to maintain its Nasdaq minimum-bid-price listing requirement. Revenue is highly sensitive to cyclical scrap-metal prices, which can swing sharply with steel demand and the broader economy. As a micro-cap with a market value around a few million dollars, the stock has limited liquidity and can move violently on small order flow. The company has been unprofitable, carries debt against a thin cash balance, and in April 2026 received a Nasdaq notice for failing to file its 2025 Form 10-K on time.
How is Greenwave Technology Solutions, (GWAV) valued? (approximate, 2026-06)
A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Greenwave Technology Solutions,'s investor relations page or your broker.
- Revenue (TTM, as of Q1 2026): ~$33.3M
- Net loss (TTM): ~-$23.9M
- Operating cash flow (TTM): ~-$17.3M
- Cash: ~$2.6M
- Total debt: ~$15.8M
- Market cap: ~$3M (micro-cap)
- Shares outstanding: ~0.8M (post reverse splits)
These figures describe a highly speculative micro-cap with a market value of only a few million dollars, ongoing net losses, negative operating cash flow, and more debt than cash. Revenue is meaningful relative to the market cap but has not translated into profit, and the share count has been repeatedly reset through reverse splits. Figures are approximate and tied to the asOf date; check current filings for exact numbers.
Who competes with Greenwave Technology Solutions, (GWAV)?
Other scrap-metal recyclers
Smaller and regional metal recycling operators that collect, process, and resell ferrous and nonferrous scrap. Greenwave competes with these firms for both scrap supply (the metal it buys in) and customer relationships with mills and processors.
Large diversified metals processors
Bigger, often profitable metals and recycling companies operate at far greater scale and financial strength. Names in the broader space include large scrap and steel firms whose size gives them buying power and balance-sheet resilience a micro-cap like Greenwave lacks.
Integrated steelmakers and mills
End buyers such as electric-arc-furnace steel producers are both customers and, through their own scrap-sourcing arms, sometimes competitors for recycled feedstock, which affects the prices Greenwave can command for processed metal.
How to invest in Greenwave Technology Solutions, (GWAV)
There are three common ways to get GWAV exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic basket, so GWAV sits alongside other stocks that express the same thesis.
Walnut takes the basket route. Describe a thesis where GWAV fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.
The bottom line on Greenwave Technology Solutions, (GWAV)
If you believe domestic scrap-metal recycling will keep growing as U.S. mills demand 100% domestically sourced recycled feedstock, and that Greenwave's downstream shredding and expanded yard network can eventually carry the company to profitability, then GWAV is one way to take a small, speculative position in that story. The counterweight is severe: the company has carried out repeated reverse stock splits to maintain its Nasdaq listing, has diluted shareholders heavily, runs persistent net losses, holds a thin cash balance against debt, and trades at a micro-cap market value where liquidity is limited. This page is descriptive and not advice; whether GWAV fits any portfolio depends on goals and risk tolerance that only the investor can weigh.
More on Greenwave Technology Solutions, (GWAV)
Whether GWAV is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is GWAV a buy?, and where the stock could go from here in the GWAV stock forecast.
For income investors, whether GWAV pays a dividend and how the payout looks is covered in does GWAV pay a dividend?
Build a basket around GWAV with Walnut
Use Greenwave Technology Solutions, as one constituent in a thematic basket Walnut's AI helps you assemble. Describe a thesis you believe in, the AI proposes the holdings and weights, and you approve before any broker order.
FAQ
What does Greenwave Technology do?
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Greenwave Technology Solutions is a U.S. scrap-metal recycling company. It runs a network of recycling yards in Virginia, North Carolina, and Ohio that collect, sort, and process ferrous and nonferrous scrap. It earns revenue by buying scrap, processing it (including shredding into mill-ready material), and selling recycled metals to large industrial customers and steelmakers.
Is GWAV a good stock to buy right now?
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That depends entirely on your goals and risk tolerance, and this page is not advice. The bull case is exposure to growing demand for domestically sourced recycled metal and improving processing margins. The bear case is severe: GWAV is an unprofitable micro-cap with a long history of dilution and reverse splits, thin cash against debt, scrap-price cyclicality, and limited liquidity. Both sides are real.
Why has GWAV done reverse splits?
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Greenwave has carried out reverse stock splits, including a 1-for-150 split in May 2024 and a 1-for-110 split in August 2025, mainly to lift its share price back above Nasdaq's minimum-bid-price requirement for continued listing. Reverse splits reduce the share count without adding value, and Greenwave's repeated use of them reflects ongoing pressure from a falling stock price and heavy dilution.
Does GWAV pay a dividend?
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No. Greenwave Technology Solutions does not pay a dividend. The company has been unprofitable, runs negative operating cash flow, and carries debt, so it retains and raises capital to fund operations and expansion rather than returning cash to shareholders. Investors in GWAV would be relying on potential share-price appreciation rather than income.
How can I buy GWAV stock?
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GWAV trades on the Nasdaq, so you can buy shares or fractional shares through any major brokerage account by searching the GWAV ticker. Some investors hold it indirectly through a small-cap or micro-cap ETF, or as one position inside a thematic basket of recycling or materials names. As a micro-cap, it can have wider spreads and lower liquidity than larger stocks.
Why is GWAV considered a speculative stock?
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GWAV is a micro-cap with a market value of only a few million dollars, ongoing net losses, negative operating cash flow, and more debt than cash. Its share count has been repeatedly reset through reverse splits, and its revenue swings with cyclical scrap-metal prices. Combined with limited liquidity, those traits place it among the most speculative end of publicly traded stocks.
How does Greenwave make money?
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Greenwave buys scrap metal, processes it at its recycling yards, and sells the recovered ferrous and nonferrous metal to industrial buyers and mills. A key part of the model is downstream shredding, which turns lower-value mixed scrap into higher-value mill-ready shred. Its profitability depends on the spread between what it pays for scrap and what processed metal sells for, which scrap prices drive.
What are the main risks of investing in GWAV?
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The main risks are heavy historical dilution and repeated reverse stock splits, persistent net losses and negative cash flow, a thin cash balance against debt, and revenue that is highly sensitive to cyclical scrap-metal prices. As a micro-cap, the stock also has limited liquidity and can move sharply. The company has faced Nasdaq compliance issues, including a 2026 notice for a late annual filing.
Walnut is informational, not investment advice. Financial figures on this page are approximations; always verify current numbers with Greenwave Technology Solutions,'s investor relations page or your broker before making investment decisions.