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Eco Wave Power Global ( (WAVE) ) just unveiled an update.
On August 27, 2025, Eco Wave Power Global announced the successful completion of operational testing for its U.S. pilot project at the Port of Los Angeles, marking a significant milestone with the lowering of its innovative floaters into the water. This achievement, broadcasted live by Good Morning America, signifies a major step in the company’s U.S. commercialization strategy and highlights the potential of wave energy technology. The project aims to demonstrate Eco Wave Power’s patented onshore technology, support environmental monitoring, and establish a foundation for future commercial wave energy projects in the U.S., strengthening the company’s global project pipeline.
The most recent analyst rating on (WAVE) stock is a Hold with a $8.50 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 stock score is primarily impacted by its challenging financial performance, with consistent losses and cash flow issues. However, the company’s strategic global expansion and successful project execution provide a positive outlook for long-term growth. Technical indicators suggest moderate strength, but valuation remains a concern due to ongoing losses.
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 focused on transforming 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 its global footprint with projects in the Port of Los Angeles, Portugal, Taiwan, and India. Eco Wave Power is recognized by international organizations and listed on the Nasdaq Capital Market under the symbol ‘WAVE.’
Average Trading Volume: 20,378
Technical Sentiment Signal: Buy
Current Market Cap: $49.01M
For a thorough assessment of WAVE stock, go to TipRanks’ Stock Analysis page.