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Eco Wave Power Global ( (WAVE) ) just unveiled an update.
On September 10, 2025, Eco Wave Power launched its first U.S. wave energy project at the Port of Los Angeles, marking a significant milestone in renewable energy. This project, developed in collaboration with AltaSea and Shell Marine Renewable Energy, is the first onshore wave energy installation in the U.S. and showcases the company’s scalable technology. It aligns with California’s climate policies and federal initiatives, positioning Eco Wave Power as a leader in the emerging U.S. wave energy sector. The project has garnered national media attention and is expected to contribute to California’s clean energy goals, with future expansions planned in Taiwan, India, Portugal, and Africa.
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 company in the onshore wave energy industry, transforming ocean and sea waves into clean, cost-efficient electricity using its patented and intelligent technology. The company is committed to addressing climate change and operates Israel’s first grid-connected wave energy power station, recognized as a ‘Pioneering Technology’ by the Israeli Ministry.
Average Trading Volume: 22,944
Technical Sentiment Signal: Buy
Current Market Cap: $49.22M
For detailed information about WAVE stock, go to TipRanks’ Stock Analysis page.