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An update from Eco Wave Power Global ( (WAVE) ) is now available.
On January 15, 2026, Eco Wave Power Global announced further progress on its 1 MW wave energy project in Porto, Portugal, the first megawatt-scale installation under its 20 MW concession with port authority APDL. Working with Netherlands-based MetOcean Consult, the company completed a detailed wave and loads assessment for the Barra do Douro breakwater, confirming favorable conditions for its new floater technology, and on January 8, 2026 submitted a full execution plan to APDL, signaling a shift from planning toward construction. The Porto project, which has already secured key grid connection milestones with national distributor E-REDES and targets grid connection in 2026 subject to regulatory approvals, will be built within the existing “Gallery” breakwater structure and is intended to help integrate wave power into Portugal’s renewable mix, reinforcing Eco Wave Power’s positioning as a leading developer of scalable, onshore marine energy infrastructure.
The most recent analyst rating on (WAVE) stock is a Hold with a $6.00 price target. To see the full list of analyst forecasts on Eco Wave Power Global stock, see the WAVE Stock Forecast page.
Spark’s Take on WAVE Stock
According to Spark, TipRanks’ AI Analyst, WAVE is a Neutral.
The score is primarily weighed down by weak financial performance (ongoing net losses, negative operating/free cash flow, and declining revenue), partially offset by a comparatively solid balance sheet with low leverage and a strong equity base. Technicals remain generally bearish with the stock below key longer-term moving averages and a negative MACD, while valuation is difficult to support given negative earnings and no dividend yield data.
To see Spark’s full report on WAVE stock, click here.
More about Eco Wave Power Global
Eco Wave Power Global AB is a pioneering onshore wave energy company that converts ocean and sea waves into clean, reliable and cost-efficient electricity using patented intelligent technology. The company operates Israel’s first grid-connected wave energy power station, has launched the first onshore wave energy pilot station in the United States at the Port of Los Angeles, and is expanding globally with a 404.7 MW project pipeline in markets including Portugal, Taiwan and India. Eco Wave Power’s ADSs trade on the Nasdaq Capital Market under the ticker “WAVE,” and the company has received backing and recognition from major international energy and climate programs.
Average Trading Volume: 18,452
Technical Sentiment Signal: Sell
Current Market Cap: $34.47M
Learn more about WAVE stock on TipRanks’ Stock Analysis page.