Eco Wave Power Advances U.S. Wave Energy Project in Los Angeles

An announcement from Eco Wave Power Global ( (WAVE) ) is now available.

On June 12, 2025, Eco Wave Power Global announced a significant milestone in its first U.S. pilot project at the Port of Los Angeles, marking the company’s entry into the U.S. market. The project involves the production of wave energy floaters, with completion expected by the end of June and installation in July. This initiative is part of a broader strategy to integrate scalable, cost-effective wave power into U.S. ports and coastal infrastructure, supported by Shell’s Marine Renewable Program. The project underscores Eco Wave Power’s commitment to local sourcing and job creation, and aims to demonstrate the viability of wave energy as a clean electricity source.

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.

Eco Wave Power’s overall stock score is driven down by its poor financial performance and valuation metrics. Technical analysis shows weak momentum, further impacting the score. Positive developments from the earnings call provide some hope, but the financial challenges remain the most significant factor.

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

More about Eco Wave Power Global

Eco Wave Power Global AB (publ) is a leading onshore wave energy company that specializes in converting ocean and sea waves into sustainable electricity through its patented, smart, and cost-efficient technology. The company is committed to combating climate change and operates the first grid-connected wave energy project in Israel. It is expanding globally with projects planned in the U.S., Taiwan, and Portugal, and has received support from prestigious institutions such as the European Union Regional Development Fund and the United Nations.

Average Trading Volume: 23,724

Technical Sentiment Signal: Hold

Current Market Cap: $34.12M

For a thorough assessment of WAVE stock, go to TipRanks’ Stock Analysis page.