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Eco Wave Power Global ( (WAVE) ) has provided an announcement.
Eco Wave Power Global announced on March 23, 2026 that its Taiwanese partner, I-Ke International Ocean Energy, signed a five-year land lease in December 2025 for a designated wave energy site at Suao Port, Taiwan. The lease, which includes an option to extend, underpins deployment of Taiwan’s first 100 kW onshore wave energy unit and advances a pilot project on the port’s southern outer breakwater.
Under the agreement, land use rights must be transferred by March 22, 2026, with port work permits expected by October 2026, creating a defined regulatory path for implementation. The Suao Port project marks a strategic step in Eco Wave Power’s Asia-Pacific expansion and supports Taiwan’s broader push to grow its renewable energy mix by integrating wave power into existing port infrastructure.
I-Ke secured exclusive rights to one of three test zones on 6.75 hectares designated for wave energy testing after a competitive tender in July 2025. The project further embeds Eco Wave Power’s technology in a key emerging market and could strengthen its industry positioning as governments and port operators seek innovative, locally manufactured solutions to decarbonize maritime infrastructure.
The most recent analyst rating on (WAVE) stock is a Buy with a $15.00 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 held down primarily by weak financial performance (unstable, shrinking revenue; ongoing losses; and worsening free cash flow burn). Technical indicators provide some near-term support with improving short-term momentum, but valuation is constrained by negative earnings and no dividend.
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 grid-connected, clean electricity using patented, intelligent technology. Listed on Nasdaq under the ticker WAVE, it operates Israel’s first grid-connected wave power station, a pilot at the Port of Los Angeles, and is developing a 404.7 MW global project pipeline spanning Portugal, Taiwan, and India.
Average Trading Volume: 11,089
Technical Sentiment Signal: Buy
Current Market Cap: $36.85M
For a thorough assessment of WAVE stock, go to TipRanks’ Stock Analysis page.