Eco Wave Power Global ( (WAVE) ) just unveiled an update.
On April 23, 2025, Eco Wave Power Global announced a manufacturing agreement with All-Ways Metal, Inc. for its first U.S. wave energy project at the Port of Los Angeles. This collaboration marks a significant milestone, as it involves local production of key components and aligns with the company’s strategy to expand its wave energy technology in North America. The project, co-developed with Shell Marine Renewable Energy, has secured all necessary regulatory approvals and is set to demonstrate the scalability of wave energy systems, supporting local job creation and advancing sustainable energy infrastructure.
Spark’s Take on WAVE Stock
According to Spark, TipRanks’ AI Analyst, WAVE is a Neutral.
Eco Wave Power Global’s financial struggles, with negative earnings and cash flows, are a major concern. Technical indicators suggest a bearish trend, and the lack of earnings makes valuation unattractive. Despite a strong equity base, the company must focus on reversing revenue declines and improving cash generation for future stability.
To see Spark’s full report on WAVE stock, click here.
More about Eco Wave Power Global
Eco Wave Power Global AB is a leading onshore wave energy company that specializes in converting ocean and sea waves into sustainable electricity using its patented technology. The company operates the first grid-connected wave energy system in Israel and is expanding globally with projects in the Port of Los Angeles, Taiwan, and Portugal. Eco Wave Power has received support from prestigious institutions and has been recognized with awards for its pioneering technology.
YTD Price Performance: -51.28%
Average Trading Volume: 29,206
Technical Sentiment Signal: Buy
Current Market Cap: $33.47M
Find detailed analytics on WAVE stock on TipRanks’ Stock Analysis page.