Eco Wave Power Advances U.S. Wave Energy Project with Key Installation

Eco Wave Power Global ( (WAVE) ) has provided an update.

On August 7, 2025, Eco Wave Power Global announced the installation of its energy conversion unit at the Port of Los Angeles, marking a significant step toward the operational testing of its first U.S. wave energy project. This installation transitions the project from construction to the pre-operation stage, with the official unveiling scheduled for September 9, 2025. The project, supported by Shell’s Marine Renewable Program, aims to facilitate environmental monitoring, serve as an educational platform, and lay the groundwork for future grid-connected wave energy projects. The initiative highlights Eco Wave Power’s innovative approach to renewable energy and its potential impact on the industry.

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 Global’s overall score reflects its challenging financial situation, with persistent losses and cash flow issues being the most significant factors. Technical analysis shows positive momentum, providing some optimism. Strategic advancements highlighted in the earnings call add a positive outlook, but increased expenses and reduced cash reserves remain concerns.

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 pioneering onshore wave energy company that converts ocean and sea waves into clean, cost-efficient electricity using its patented technology. The company operates Israel’s first grid-connected wave energy power station and is expanding globally with projects in the Port of Los Angeles, Portugal, Taiwan, and India. It has received recognition from international organizations such as the European Union Regional Development Fund and the United Nations Global Climate Action Award.

Average Trading Volume: 20,851

Technical Sentiment Signal: Buy

Current Market Cap: $47.84M

For an in-depth examination of WAVE stock, go to TipRanks’ Overview page.