Eco Wave Power Advances Global Wave Energy Projects with Key Milestones

Eco Wave Power Global ( (WAVE) ) just unveiled an update.

Eco Wave Power Global reported a 4.2% decrease in net loss for Q1 2025 and announced significant progress in its global wave energy projects. The company secured the final license for its Los Angeles project, began construction of wave energy floaters, and expanded into Asian markets with partnerships in India and Taiwan. In Portugal, Eco Wave Power submitted its final execution plan for its first megawatt-scale project, while in Israel, the EWP-EDF One project demonstrated strong performance. These developments highlight Eco Wave Power’s commitment to expanding its wave energy technology and strengthening its position in the renewable energy industry.

Spark’s Take on WAVE Stock

According to Spark, TipRanks’ AI Analyst, WAVE is a Neutral.

Eco Wave Power Global’s stock is currently rated at a low score due to significant financial challenges, including declining revenue and persistent losses. Technical analysis suggests a bearish trend, with the stock underperforming key moving averages. Valuation metrics are unattractive due to the lack of profitability and dividends. Improvement in operational efficiency and revenue generation is crucial for future stability.

To see Spark’s full report on WAVE stock, click here.

More about Eco Wave Power Global

Eco Wave Power Global AB is a leading onshore wave energy technology company based in Stockholm, Sweden. The company focuses on developing innovative wave energy solutions and has a significant presence in the renewable energy sector, with projects spanning across multiple continents including the United States, Europe, and Asia.

Average Trading Volume: 27,212

Technical Sentiment Signal: Sell

Current Market Cap: $35.46M

See more insights into WAVE stock on TipRanks’ Stock Analysis page.