Greenwave shares surge 23.08% after-hours as Q3 10-Q report shows 88.77% net loss improvement and scrap metal expansion plans.

Greenwave Technology Solutions, Inc. (GWAV) surged 23.08% in after-hours trading following the release of its Q3 2026 10-Q report, which highlighted a 39.5% year-over-year revenue increase to $10.996 million and a net loss improvement of 88.77% to $4.918 million, driven by reduced operating expenses. The report detailed strategic expansion in the scrap metal industry, including a new Virginia facility and a planned automotive shredder, signaling operational optimization and growth potential. While gross profit margin declines were noted, the company emphasized long-term positioning through geographic diversification and advanced recycling technology. The sports-related news events (Reasons 2–5) were unrelated to the stock’s movement.