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Eco Wave Power Global
(NASDAQ:WAVE)
Eco Wave Power Global (WAVE) vs. SPDR S&P 500 ETF (SPY)
Eco Wave Power Global Business Overview & Revenue Model
Eco Wave Power Global Earnings Call Summary
Eco Wave Power Global Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 168.00K | 168.00K | 306.00K | 26.00K | 31.00K | 0.00 |
| Gross Profit | 126.00K | 126.00K | 247.00K | 4.00K | 4.00K | 0.00 |
| EBITDA | -2.03M | -1.92M | -1.62M | -2.61M | -2.92M | -1.79M |
| Net Income | -2.06M | -2.08M | -1.71M | -2.14M | -2.40M | ― |
Balance Sheet | ||||||
| Total Assets | 10.22M | 10.68M | 10.01M | 11.92M | 16.65M | 12.68M |
| Cash, Cash Equivalents and Short-Term Investments | 8.58M | 9.10M | 8.38M | 10.29M | 14.62M | 10.72M |
| Total Debt | 1.39M | 1.34M | 1.20M | 1.24M | 1.36M | 1.41M |
| Total Liabilities | 2.54M | 2.38M | 2.21M | 2.04M | 1.91M | 1.90M |
| Stockholders Equity | 7.86M | 8.46M | 7.95M | 9.87M | 14.73M | 10.78M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -1.85M | -2.61M | -2.46M | -2.54M | ― |
| Operating Cash Flow | 0.00 | -1.82M | -2.60M | -2.46M | -2.53M | ― |
| Investing Cash Flow | 0.00 | 2.93M | 1.22M | -5.30M | -130.00K | ― |
| Financing Cash Flow | 0.00 | 2.58M | -81.00K | -320.00K | 7.86M | ― |
Eco Wave Power Global Technical Analysis
Eco Wave Power Global Risk Analysis
Eco Wave Power Global Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
54 Neutral | $490.42M | -3.15 | -160.01% | ― | -82.87% | -59.38% | |
50 Neutral | $47.43M | ― | -43.16% | ― | -46.17% | -54.38% | |
44 Neutral | $9.05M | -0.33 | 192.51% | ― | -98.36% | 56.27% | |
43 Neutral | $8.36M | -0.33 | -107.78% | ― | ― | ― | |
32 Underperform | $5.26M | -0.30 | ― | ― | ― | ― | |
31 Underperform | $5.82M | -0.84 | ― | ― | ― | -75.14% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% |
Eco Wave Power Global Corporate Events
On September 16, 2025, Eco Wave Power Global announced a collaboration with BladeRanger Ltd. to introduce drone-powered maintenance for its onshore wave energy systems. This partnership, demonstrated at the Jaffa Port project in Israel, aims to reduce operational costs and downtime while increasing energy output. The integration of BladeRanger’s drone technology is expected to enhance the competitiveness of wave power compared to other renewable sources, with potential long-term strategic collaboration for global deployment.
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.
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.
On August 19, 2025, Eco Wave Power Global announced that its partner, I-KE International Ocean Energy Co., has been awarded a land use tender for a wave energy project at Suao Port, Taiwan. This marks the first time a commercial port in Taiwan has been opened for wave power testing, aligning with the country’s renewable energy transition strategy. The project will deploy Taiwan’s first 100 kW onshore wave energy conversion unit, setting a precedent for future developments and positioning Suao Port as a green energy demonstration hub.
On August 14, 2025, Eco Wave Power Global announced its financial results for the six-month period ending June 30, 2025. The report highlighted a decrease in total assets and equity compared to December 31, 2024, alongside an increase in operating expenses, resulting in a net loss for the period. This financial performance may impact the company’s operational strategies and its position within the renewable energy sector.
On August 11, 2025, Eco Wave Power Global announced the completion of its U.S. pilot project installation at the Port of Los Angeles, marking a significant milestone in its U.S. operations. This project, which includes wave energy floaters and an onshore energy conversion unit, is set to begin operational testing and will be unveiled on September 9, 2025. The Los Angeles project serves as a demonstration station aimed at showcasing Eco Wave Power’s technology, facilitating environmental monitoring, and laying the groundwork for future commercial projects in the U.S. This initiative strengthens the company’s global project pipeline and positions it as a leader in advancing wave energy technology.
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.
On July 28, 2025, Eco Wave Power Global announced the completion of floater installations for its first U.S. wave energy project at the Port of Los Angeles, marking a significant milestone ahead of its official unveiling on September 9, 2025. This demonstration pilot aims to validate the company’s wave energy technology in real-world conditions and is a strategic step for Eco Wave Power’s entry into the U.S. market, with goals including environmental impact studies and gaining experience in U.S. licensing processes.
On July 24, 2025, Eco Wave Power Global announced its strategic entry into the African market by signing an agreement with Africa Great Future Development Ltd to conduct a feasibility study for a wave energy power station at the Port of Ngqura, South Africa. This move aligns with the company’s strategy to expand into regions with high renewable energy demand and significant coastal resources. The initiative aims to address South Africa’s energy challenges, which are currently dominated by coal-fired power plants, by exploring the country’s untapped wave energy potential. This development is part of Eco Wave Power’s broader strategy to demonstrate the scalability and viability of wave energy across diverse global markets.
On July 21, 2025, Eco Wave Power Global announced a partnership with C&S Welding Inc. to deliver its first U.S. wave energy pilot at the Port of Los Angeles. This agreement marks a significant milestone in Eco Wave Power’s U.S. expansion, with the installation of wave energy floaters and an energy conversion unit. The collaboration with C&S Welding, a reputable California-based contractor, represents the final operational step before deployment, highlighting the potential for wave energy technology to contribute to sustainable energy solutions in the U.S.
On July 17, 2025, Eco Wave Power Global announced the election of Hilary E. Ackermann to its Board of Directors, enhancing its U.S. strategy ahead of the official opening of its first U.S. wave energy project at the Port of Los Angeles. This appointment reflects the company’s commitment to strengthening its leadership as it accelerates commercialization, particularly in the United States, and aims to integrate wave energy into the renewable power mix. Ackermann’s extensive experience in energy sustainability and corporate governance is expected to be instrumental in supporting Eco Wave Power’s strategic growth and governance.
On July 10, 2025, Eco Wave Power Global announced its participation in the Atlantic Wave Energy Sustainable Deployment Initiative, a €2.45 million project funded by the Interreg Atlantic Area Programme. This initiative aims to promote energy efficiency and reduce greenhouse gas emissions by deploying wave energy technologies in Atlantic coastal regions. The project involves a consortium of international partners and will support Eco Wave Power’s efforts to expand its wave energy solutions, particularly in Portugal where the company is preparing for its first megawatt-scale installation.
On July 14, 2025, Eco Wave Power Global announced the completion of floaters production for its first U.S. wave energy project at the Port of Los Angeles. This milestone marks a significant step in deploying the first-ever onshore wave energy pilot station in the United States, with deployment expected later this month. The project, supported by Shell’s Marine Renewable Program, highlights Eco Wave Power’s commitment to U.S. renewable energy market entry, local sourcing, and job creation, reinforcing its position in the cleantech ecosystem.
On July 8, 2025, Eco Wave Power Global announced that its shareholders approved the continued authorization for the repurchase of the company’s American Depositary Shares (ADSs) at the 2025 Annual General Meeting. This renewal allows the company to repurchase up to 10 percent of its total shares over the next year, enhancing financial flexibility and supporting long-term capital strategy. The authorization, valid until the 2026 AGM, is seen as a strategic tool to increase shareholder value and will be managed in partnership with a designated bank. The decision reflects the company’s commitment to optimizing shareholder returns and maintaining a robust financial position.
On June 30, 2025, Eco Wave Power Global AB held its annual general meeting, where shareholders approved the company’s amended Articles of Association and elected board members, including the re-election of Mats Andersson as chairman. The meeting also authorized the board to increase share capital and issue warrants as part of a long-term incentive program, reflecting strategic moves to strengthen the company’s financial and operational framework.