Eco Wave Power Global AB (publ) (WAVE)

Eco Wave Power Global AB (publ) develops wave energy conversion technology, transforming ocean waves into clean electricity. The company holds agreements worldwide for projects totaling approximately 404.7 megawatts.

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Company Overview

CEOInna Braverman
Employees12
HeadquartersTel Aviv, IL
IPO Year2021
SectorUtilities

Eco Wave Power Global AB (publ) pioneers wave energy conversion, offering a unique renewable energy solution with a global pipeline of projects totaling 404.7 MW, positioning it for significant growth in the burgeoning clean energy sector despite current profitability challenges.

Investment Thesis

Eco Wave Power presents a compelling, albeit high-risk, investment opportunity within the renewable energy sector. The company's innovative wave energy conversion technology addresses a significant market need for clean energy solutions. With a project pipeline of 404.7 MW, Eco Wave Power has substantial growth potential if it can successfully deploy and monetize these projects. The company's gross margin of 75.0% indicates strong potential profitability once projects reach commercial scale. Key catalysts include securing additional power purchase agreements and successfully commissioning new wave energy plants. However, the company's negative P/E ratio of -7.93 and a profit margin of -2015.2% highlight the current challenges in achieving profitability. Successful execution of its project pipeline and securing additional funding will be critical for Eco Wave Power to realize its long-term potential.

Key Highlights

  • Pipeline of projects totaling approximately 404.7 megawatts, indicating significant potential for future revenue generation.
  • Gross margin of 75.0% demonstrates the potential for high profitability once projects are operational and generating revenue.
  • Presence in multiple countries, including the United States, Taiwan, Sweden, Israel, Portugal, and Mexico, showcasing global reach and diversification.
  • Founded in 2011, Eco Wave Power has established itself as a key player in the emerging wave energy sector.
  • Market Cap of $0.03B reflects the company's current valuation and growth potential in the renewable energy market.

Competitors

Strengths

  • Proprietary wave energy conversion technology.
  • Established presence in multiple countries.
  • Pipeline of projects totaling 404.7 MW.
  • High gross margin potential (75.0%).

Weaknesses

  • Negative P/E ratio (-7.93) and profit margin (-2015.2%).
  • Small number of employees (12).
  • Limited operating history and commercial deployments.
  • Reliance on securing funding for project development.

Catalysts

  • Upcoming: Securing additional power purchase agreements for new wave energy projects.
  • Upcoming: Successful commissioning and operation of existing wave energy projects.
  • Ongoing: Continued technological advancements in wave energy conversion efficiency.
  • Ongoing: Expansion into new geographic markets with favorable wave energy resources.
  • Ongoing: Government support and incentives for renewable energy development.

Risks

  • Potential: Delays in project development and permitting.
  • Potential: Technological risks and performance uncertainties.
  • Potential: Fluctuations in energy prices and market demand.
  • Ongoing: Competition from other renewable energy sources.
  • Ongoing: Dependence on securing funding for project development.

Growth Opportunities

  • Expanding Project Pipeline: Eco Wave Power has the opportunity to significantly expand its project pipeline through strategic partnerships and securing additional power purchase agreements. The global wave energy market is projected to reach billions of dollars by 2030, offering substantial growth potential. Successfully developing and deploying its existing 404.7 MW pipeline and adding new projects will be critical for driving revenue growth and market share.
  • Technological Advancements: Continued investment in research and development to improve the efficiency and cost-effectiveness of its wave energy conversion technology represents a significant growth opportunity. Advancements in materials science, engineering design, and control systems can enhance energy capture rates and reduce operating costs, making wave energy more competitive with other renewable energy sources. This will attract more investment and partnerships.
  • Geographic Expansion: Eco Wave Power can expand its geographic footprint by targeting new markets with favorable wave energy resources and supportive regulatory environments. Regions with high wave energy potential, such as the coasts of Europe, North America, and Australia, offer significant opportunities for project development. Entering new markets will diversify revenue streams and reduce reliance on specific regions.
  • Strategic Partnerships: Forming strategic partnerships with utilities, energy companies, and government agencies can accelerate project development and deployment. Collaborating with established players in the energy sector can provide access to funding, expertise, and distribution networks. These partnerships can also help navigate regulatory hurdles and secure necessary permits and approvals.
  • Government Incentives and Subsidies: Leveraging government incentives, subsidies, and tax credits for renewable energy projects can improve the economic viability of wave energy projects. Many countries offer financial support for renewable energy development to meet climate change goals and promote energy independence. Actively pursuing these incentives can reduce project costs and improve returns on investment.

Opportunities

  • Expanding project pipeline through strategic partnerships.
  • Technological advancements to improve efficiency and reduce costs.
  • Geographic expansion into new markets.
  • Leveraging government incentives and subsidies for renewable energy projects.

Threats

  • Competition from other renewable energy sources (solar, wind).
  • Regulatory hurdles and permitting delays.
  • Technological risks and performance uncertainties.
  • Fluctuations in energy prices.

Competitive Advantages

  • Proprietary Wave Energy Conversion (WEC) Technology: Eco Wave Power's patented technology provides a competitive advantage in capturing and converting wave energy.
  • First-Mover Advantage: As an early entrant in the wave energy market, Eco Wave Power has established a strong brand and reputation.
  • Strategic Agreements: The company's power purchase agreements and concession agreements provide a stable revenue stream and long-term growth potential.
  • Geographic Diversification: Operating in multiple countries reduces risk and provides access to different markets and regulatory environments.

About

Founded in 2011 and headquartered in Tel Aviv-Yafo, Israel, Eco Wave Power Global AB (publ) is at the forefront of wave energy technology. The company specializes in developing a proprietary wave energy conversion (WEC) technology designed to harness the power of ocean and sea waves and convert it into clean, usable electricity. This innovative approach offers a sustainable alternative to traditional energy sources, addressing the growing global demand for renewable energy solutions. Eco Wave Power operates internationally, with a presence in the United States, Taiwan, Sweden, Israel, Portugal, and Mexico. The company actively pursues strategic agreements, including power purchase agreements, concession agreements, and letters of intent, to expand its project pipeline. As of 2026, Eco Wave Power boasts a pipeline of projects totaling approximately 404.7 megawatts. Formerly known as EWPG Holding AB (publ), the company rebranded to Eco Wave Power Global AB (publ) in June 2021, signaling its focused commitment to wave energy development and deployment. With a small team of 12 employees, Eco Wave Power is nimble and focused on scaling its technology and project portfolio.

What They Do

  • Develops wave energy conversion (WEC) technology.
  • Converts ocean and sea waves into clean electricity.
  • Secures power purchase agreements with various entities.
  • Establishes concession agreements for project development.
  • Operates projects in multiple countries including the United States, Taiwan, Sweden, Israel, Portugal, and Mexico.
  • Manages a pipeline of wave energy projects with a total capacity of approximately 404.7 megawatts.

Business Model

  • Generates revenue through the sale of electricity produced by its wave energy conversion systems.
  • Enters into power purchase agreements (PPAs) with utilities and other energy consumers.
  • Develops and operates wave energy projects under concession agreements.
  • Potentially licenses its wave energy technology to other companies.

Industry Context

Eco Wave Power operates within the renewable energy sector, specifically targeting the wave energy sub-segment. The renewable energy market is experiencing substantial growth, driven by increasing global demand for clean energy and supportive government policies. While solar and wind energy dominate the renewable energy landscape, wave energy represents a relatively untapped resource with significant potential. The competitive landscape includes companies like Alternus Clean Energy (ADN), BNRG Renewables (BNRG), China Recycling Energy (CREG), Houston Natural Resources (HTOO), and OPAL Fuels (OPAL), each pursuing different renewable energy technologies and market segments. Eco Wave Power differentiates itself through its proprietary wave energy conversion technology and focus on near-shore wave energy capture.

Key Customers

  • Utilities seeking to diversify their energy sources and meet renewable energy mandates.
  • Government agencies promoting renewable energy development.
  • Commercial and industrial energy consumers looking for clean and sustainable energy solutions.
  • Local communities seeking to benefit from clean energy and economic development.
AI Confidence: 71% Updated: 2/8/2026

Financials

Recent Quarterly Results

Quarter Revenue Net Income EPS
Q4 2024 $168,000 $-527,000 $-0.09

Source: Company filings

Chart & Info

Price Chart

Eco Wave Power Global AB (publ) (WAVE) stock price: $5.89 (-0.13, -2.08%)

Why Bull

  • •Recent insider buying suggests confidence in Eco Wave Power's future, indicating that key stakeholders believe in the company's growth potential.
  • •Community sentiment has shifted positively, with discussions highlighting the increasing demand for renewable energy solutions.
  • •The company's innovative technology in wave energy is gaining attention, positioning it as a leader in a niche but growing market.
  • •Recent partnerships and collaborations have been announced, enhancing its credibility and expanding its operational reach.

Why Bear

  • •Concerns about the scalability of wave energy technology persist, with critics questioning its viability compared to other renewable sources.
  • •Market sentiment has shown volatility, with some community members expressing skepticism about the company's long-term profitability.
  • •Regulatory challenges in different regions could hinder expansion efforts and create uncertainty around future projects.
  • •The overall market for renewable energy is competitive, and Eco Wave Power faces significant pressure from more established players.

Latest News

Technical Analysis

RSI(14)
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MACD
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Volume
6,495

Rationale

AI-generated technical analysis for WAVE including trend direction, momentum, and pattern recognition.

What to Watch

Key support and resistance levels, volume signals, and upcoming events.

Risk Management

Position sizing, stop-loss levels, and risk-reward assessment.

Community

Discussion

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Sentiment

Community sentiment and discussion activity for WAVE.

Make a Prediction

Set your price target for Eco Wave Power Global AB (publ) (WAVE), choose a timeframe, and track your prediction accuracy.

Current price: $5.89

Analyst Consensus

Consensus Rating

Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for WAVE.

Price Targets

Wall Street price target analysis for WAVE.

Insider Flow (30d)

No insider trades in the last 30 days.

MoonshotScore

50.5/100

Score Factors

  • Revenue Growth 5/100

    Revenue growth data is currently unavailable for this company.

  • Gross Margin 10/100

    Gross margin of 75.0% shows excellent pricing power and a strong competitive moat.

  • Operating Leverage 4/100

    Limited operating leverage due to slower revenue growth, keeping profit scaling constrained.

  • Cash Runway 5/100

    Cash position data is currently unavailable for this company.

  • R&D Intensity 5/100

    R&D spending data is currently unavailable for this company.

  • Insider Activity 6/100

    No significant insider buying or selling recently, which is neutral for the stock outlook.

  • Short Interest 5/100

    Float and volume data unavailable for liquidity analysis.

  • Price Momentum 0/100

    No bullish technical signals detected. The stock lacks upward price momentum currently.

  • News Sentiment 5/100

    No sentiment data available

What does this score mean?

The MoonshotScore rates WAVE's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.

Frequently Asked Questions

What does Eco Wave Power Global AB (publ) do?

Eco Wave Power Global AB (publ) is a renewable energy company specializing in the development and deployment of wave energy conversion technology. The company's core business involves harnessing the power of ocean and sea waves to generate clean electricity. They achieve this through their proprietary wave energy converters, which are designed to be cost-effective and environmentally friendly. Eco Wave Power operates through power purchase agreements and concession agreements, establishing long-term partnerships with utilities and government entities to deliver sustainable energy solutions. Their market position is focused on providing a viable alternative to traditional energy sources, contributing to a cleaner and more sustainable energy future.

Is WAVE stock a good buy?

Evaluating WAVE stock requires careful consideration of its high-growth potential against its current financial challenges. The company's 404.7 MW project pipeline and 75.0% gross margin suggest significant upside if projects are successfully deployed. However, the negative P/E ratio and profit margin indicate current unprofitability. Investors should weigh the potential for future revenue generation and technological advancements against the risks associated with project development, competition, and funding requirements. A balanced approach considering both growth catalysts and financial risks is essential before investing.

What are the main risks for WAVE?

Eco Wave Power faces several key risks inherent in the renewable energy sector and specific to its wave energy technology. These include potential delays in project development and permitting processes, which can impact timelines and increase costs. Technological risks associated with the performance and reliability of wave energy converters also pose a challenge. Furthermore, fluctuations in energy prices and competition from other renewable energy sources like solar and wind could affect the company's profitability. Securing adequate funding for project development and expansion remains a critical risk factor for Eco Wave Power's long-term success.

Is WAVE a good stock to buy?

Whether WAVE is a good investment depends on your financial goals, risk tolerance, and investment horizon. Key factors to evaluate include the company's revenue growth trajectory, profit margins, debt-to-equity ratio, competitive moat, and valuation multiples (P/E, P/S, EV/EBITDA) relative to industry peers. Our AI-generated Investment Thesis and SWOT analysis on this page provide a data-driven starting point. Always do your own research and consider consulting a financial advisor before making investment decisions.

What is the WAVE MoonshotScore?

The MoonshotScore for WAVE is an AI-powered rating from 0 to 100 that evaluates a stock across four dimensions: growth potential (revenue and earnings trajectory), financial health (balance sheet strength, cash flow), market momentum (price trends, volume patterns, institutional flows), and risk factors (volatility, debt levels, sector headwinds). Scores above 70 indicate strong potential, 50-70 moderate, and below 50 suggests caution. The score is recalculated daily using the latest financial data and market signals.

How often is WAVE data updated?

WAVE stock prices are updated in real-time during U.S. market hours (9:30 AM - 4:00 PM ET, Monday through Friday). After-hours and pre-market prices are also tracked. Company fundamentals (earnings, revenue, balance sheet) are refreshed when new quarterly or annual reports are filed. Analyst ratings, price targets, and AI-generated insights are updated daily. Breaking news related to WAVE is aggregated continuously from premium financial news sources throughout the day.

What are the growth catalysts for WAVE?

Growth catalysts for Eco Wave Power Global AB (publ) (WAVE) can include several categories: product catalysts (new launches, FDA approvals, patent grants), financial catalysts (earnings beats, margin expansion, share buybacks), strategic catalysts (acquisitions, partnerships, market expansion into new regions), and macro catalysts (favorable regulation, industry tailwinds, secular growth trends). Our AI analyzes Eco Wave Power Global AB (publ)'s specific catalysts using earnings transcripts, SEC filings, and news sentiment to identify the most impactful near-term and long-term drivers.

Who are WAVE's main competitors?

Eco Wave Power Global AB (publ) (WAVE) competes with companies in its industry that target similar customers, markets, or product categories. Competitor analysis involves comparing key metrics: market share, revenue growth rates, profit margins, R&D spending, and valuation multiples. Understanding competitive positioning helps investors assess whether WAVE has a sustainable competitive advantage (moat) through brand strength, network effects, cost leadership, or switching costs. Our Competitors section provides a side-by-side comparison with relevant peers.

What do analysts say about WAVE?

Wall Street analyst coverage for WAVE includes consensus ratings (buy, hold, or sell), 12-month price targets, and earnings estimates. Analyst opinions are aggregated from major investment banks and research firms. Key metrics to watch include the consensus price target (average, high, and low estimates), the number of analysts covering the stock, any recent rating changes (upgrades or downgrades), and how actual earnings compare to analyst estimates (beat or miss history). Our platform aggregates these from multiple data providers for a comprehensive view.

What is WAVE's market cap?

Market capitalization (market cap) for WAVE is calculated by multiplying the current share price by the total number of outstanding shares. It represents the market's total valuation of the company. Stocks are typically categorized as mega-cap ($200B+), large-cap ($10B-$200B), mid-cap ($2B-$10B), small-cap ($300M-$2B), or micro-cap (under $300M). Market cap influences index inclusion, institutional ownership eligibility, and risk profile. Our Key Statistics section shows WAVE's current market cap alongside enterprise value and other valuation metrics.

How has WAVE stock performed recently?

WAVE's recent stock performance can be evaluated across multiple timeframes: daily price changes, week-over-week momentum, monthly trends, and year-to-date returns. Important performance indicators include the stock's 52-week high and low, moving averages (50-day and 200-day SMA), relative strength index (RSI), and volume trends. Comparing WAVE's performance against its sector index and the S&P 500 provides context on whether it is outperforming or underperforming the broader market.

What are the risks of investing in WAVE?

Key risk categories for WAVE include: market risk (overall market downturns affecting stock prices), company-specific risk (management changes, product failures, competitive threats), financial risk (high debt levels, cash burn, dilution from stock issuance), regulatory risk (government policy changes, lawsuits, compliance issues), and macroeconomic risk (interest rate changes, inflation, currency fluctuations). Beta measures WAVE's volatility relative to the market - a beta above 1.0 means higher volatility than the S&P 500. Our AI-generated risk assessment identifies the most relevant risk factors for this specific stock.

Are insiders buying or selling WAVE?

Insider trading activity for WAVE tracks purchases and sales by company executives, directors, and major shareholders (10%+ owners) as reported in SEC Form 4 filings. Insider buying is generally considered a bullish signal because insiders have the deepest knowledge of company operations, while selling may have various motivations (diversification, tax planning, pre-planned 10b5-1 trading plans). Key metrics include the buy-to-sell ratio, total dollar value of insider transactions, and whether multiple insiders are trading in the same direction. Our Insider Flow tab shows recent transactions with dates and dollar amounts.

Is WAVE a good stock for beginners?

Eco Wave Power Global AB (publ) (WAVE) can be suitable for beginner investors depending on several factors. Look at the MoonshotScore on this page for an overall AI-powered assessment of growth potential and risk. Beginners should also check the company's market cap (larger companies tend to be less volatile), gross margin (higher margins mean stronger business fundamentals), and cash position (healthy cash reduces bankruptcy risk). Always start with a small position size and never invest money you cannot afford to lose.

How risky is WAVE for first-time investors?

Every stock carries risk, including Eco Wave Power Global AB (publ) (WAVE). First-time investors should review the Risk Factors section on this page for company-specific risks. Key risk indicators include price volatility (check the chart for daily swings), insider selling activity (see Insider Flow tab), and cash runway (see MoonshotScore breakdown). A diversified portfolio with an index fund like the S&P 500 as a core holding is generally recommended before adding individual stocks like WAVE.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Data provided for informational purposes only.

AI Analysis Notes
  • Financial data is based on the most recent available information.
  • Future performance is subject to market conditions and company-specific factors.
  • This analysis is for informational purposes only and does not constitute investment advice.
Data Sources
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