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Eco Wave Power Global
(NASDAQ:WAVE)
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Rating:52Neutral
Price Target:
$7.50
▼(-4.09% Downside)
Action:Reiterated
Date:06/26/26
The score is held back primarily by weak financial performance—volatile, shrinking revenue, continued losses, and persistent (recently worsening) cash burn that elevates funding/dilution risk. Technicals are a meaningful offset, with the stock in an uptrend and positive momentum. Valuation remains challenged due to the negative P/E and lack of dividend yield data.
Positive Factors
Operational Demonstration
A grid-connected demonstrator with sustained zero downtime materially de-risks technology execution. Durable operational performance strengthens permitting, offtake discussions and partner confidence, improving odds of repeatable project rollouts and revenue conversion over months.
Negative Factors
Revenue Collapse & Margin Pressure
Sharp, persistent revenue declines and a swing to negative gross profit indicate project timing, cost or pricing issues that undermine unit economics. Without sustained positive gross margins and predictable revenues, scaling projects and attracting long-term offtake or financing will be structurally more difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Operational Demonstration
A grid-connected demonstrator with sustained zero downtime materially de-risks technology execution. Durable operational performance strengthens permitting, offtake discussions and partner confidence, improving odds of repeatable project rollouts and revenue conversion over months.
Read all positive factors
Eco Wave Power Global (WAVE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$41.43M
Dividend YieldN/A
Average Volume (3M)31.32K
Price to Earnings (P/E)―
Beta (1Y)0.56
Revenue Growth-77.09%
EPS Growth-82.90%
CountryUS
Employees11
SectorUtilities
Sector Strength65
IndustryRenewable Utilities
Share Statistics
EPS (TTM)-0.67
Shares Outstanding6,239,664
10 Day Avg. Volume35,762
30 Day Avg. Volume31,317
Financial Highlights & Ratios
PEG Ratio-0.13
Price to Book (P/B)6.01
Price to Sales (P/S)892.80
P/FCF Ratio-10.35
Enterprise Value/Market Cap0.98
Enterprise Value/Revenue1.07K
Enterprise Value/Gross Profit1.85K
Enterprise Value/Ebitda-14.46
Forecast
1Y Price Target
$15.00Price Target Upside91.82% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.8
Revenue Forecast (FY)$200.00K
Eco Wave Power Global Business Overview & Revenue Model
Company Description
Eco Wave Power Global AB (publ) is a company dedicated to renewable energy, developing innovative technology designed to harness the power of ocean and sea waves, transforming them into clean electricity. The company has secured a significant glob...
How the Company Makes Money
Eco Wave Power makes money primarily by commercializing its wave-energy technology through a mix of project-based revenue and technology/solution commercialization. Key revenue streams include: (1) Project development and commercialization: The co...
Eco Wave Power Global Earnings Call Summary
Earnings Call Date:Aug 14, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Aug 17, 2026
Earnings Call Sentiment Positive
The earnings call reflects a positive outlook with strong financial positioning and strategic global expansion. Although there are increased operating expenses and a net loss due to strategic investments, the company's growth in new markets and successful project executions highlight its potential to deliver long-term value.Positive Updates
Strong Financial Foundation
Ended the period with $7.94 million in cash and short-term bank deposits, providing a strong foundation to fund ongoing projects and future growth.
Negative Updates
Increased Operating Expenses
Operating expenses for H1 2025 totaled $1.6 million, up by USD 239,000 from H1 2024 due to continued investments in R&D and project execution.
Read all updates
Q2-2025 Updates
Positive
Negative
Strong Financial Foundation
Ended the period with $7.94 million in cash and short-term bank deposits, providing a strong foundation to fund ongoing projects and future growth.
Read all positive updates
Company Guidance
During the Eco Wave Power Second Quarter 2025 Earnings Call, the company provided detailed guidance on various financial and strategic metrics. Operating expenses for the first half of 2025 increased to $1.6 million, an uptick of $239,000 from the previous year, driven by a 25% increase in R&D expenses to $399,000 and a 22% rise in general and administrative expenses to $1.1 million due to new hires in the U.S. Other income almost doubled to $62,000, attributed to technology demonstration services in Asia. Despite a net loss of $1.9 million, the company ended the period with $7.94 million in cash and short-term deposits, fortifying its financial position. Strategic initiatives included advancing a megawatt-scale project in Portugal with 90% wave availability, completing a pilot project in the U.S. at the Port of L.A. in collaboration with Shell, and expanding into Asia with partnerships in India and Taiwan. Additionally, Eco Wave Power signed a feasibility study agreement for a potential project in South Africa and is participating in the EUR 2.45 million Atlantic Wave Energy Sustainable Deployment Initiative. These efforts, along with the recent addition of Hilary Ackermann to the Board of Directors, highlight the company's commitment to scaling operations and integrating wave energy into the mainstream renewable energy market.Eco Wave Power Global Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
56
Neutral
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 38.11K | 38.20K | 168.00K | 306.00K | 26.00K | 31.00K |
| Gross Profit | 22.06K | -233.25K | 126.00K | 247.00K | 4.00K | 4.00K |
| EBITDA | -2.82M | -3.42M | -1.92M | -1.65M | -2.64M | -2.05M |
| Net Income | -3.89M | -3.72M | -2.08M | -1.71M | -2.90M | -2.35M |
Balance Sheet | ||||||
| Total Assets | 7.15M | 8.14M | 10.68M | 10.01M | 11.92M | 16.65M |
| Cash, Cash Equivalents and Short-Term Investments | 5.29M | 6.27M | 9.10M | 8.38M | 10.29M | 14.62M |
| Total Debt | 1.30M | 1.34M | 1.34M | 1.20M | 1.24M | 1.36M |
| Total Liabilities | 2.33M | 2.65M | 2.38M | 2.21M | 2.04M | 1.91M |
| Stockholders Equity | 5.00M | 5.67M | 8.46M | 7.95M | 9.87M | 14.73M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -3.29M | -1.85M | -2.61M | -2.46M | -2.54M |
| Operating Cash Flow | 0.00 | -2.77M | -1.82M | -2.60M | -2.46M | -2.53M |
| Investing Cash Flow | 0.00 | 630.37K | 2.93M | 1.22M | -5.30M | -130.00K |
| Financing Cash Flow | 0.00 | -187.00K | 2.58M | -81.00K | -320.00K | 7.86M |
Eco Wave Power Global Technical Analysis
Negative
7.82
Price Trends
8.58
Negative
7.72
Negative
7.02
Positive
Market Momentum
-0.12
Positive
38.82
Neutral
7.38
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WAVE, the sentiment is Negative. The current price of 7.82 is below the 20-day moving average (MA) of 8.49, below the 50-day MA of 8.58, and above the 200-day MA of 7.02, indicating a neutral trend. The MACD of -0.12 indicates Positive momentum. The RSI at 38.82 is Neutral, neither overbought nor oversold. The STOCH value of 7.38 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for WAVE.
Eco Wave Power Global Risk Analysis
Eco Wave Power Global disclosed 70 risk factors in its most recent earnings report. Eco Wave Power Global reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Eco Wave Power Global Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
52 Neutral | $41.43M | -11.07 | -64.74% | ― | -77.09% | -82.90% | |
44 Neutral | $45.44M | -3.17 | -22.20% | ― | ― | 26.87% | |
43 Neutral | $8.50M | -1.93 | -11.24% | ― | 838.07% | 88.10% | |
41 Neutral | $1.49M | >-0.01 | -593.34% | ― | ― | 21.46% | |
31 Underperform | $548.91K | -0.88 | -1.95% | ― | 1598.12% | 73.09% |
* Utilities Sector Average
WAVE
Eco Wave Power Global
7.45
-0.78
-9.48%
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0.19
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2.60
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VGAS
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1.02
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BNRG
Brenmiller
0.51
-57.59
-99.12%
Eco Wave Power Global Corporate Events
Eco Wave Power Backs New Israeli Blue-Tech Energy Initiative as Wave Power Gains Global Validation
Jul 21, 2026
On July 21, 2026, Eco Wave Power Global welcomed a new Israeli government Blue-Tech Energy initiative that will invest NIS 6 million (about $2 million) to advance next-generation marine renewable technologies, including wave energy and AI-powered ...
Eco Wave Power’s Los Angeles Wave Pilot Spotlighted in California’s SB 605 Marine Energy Roadmap
Jul 17, 2026
On July 16, 2026, Eco Wave Power Global highlighted that California’s Final SB 605 Consultant Report, issued in July 2025, specifically references its Port of Los Angeles onshore wave energy pilot in the state’s comprehensive assessmen...
Eco Wave Power AGM Confirms Board, Withholds Dividend and Expands Capital Authorities
Jun 30, 2026
On June 30, 2026, Eco Wave Power Global AB held its annual general meeting, approving the 2025 profit and loss statement and balance sheet while deciding to carry forward the year’s result without paying a dividend. The meeting also granted ...
Eco Wave Power Raises $4 Million at Premium to Fund Global Wave Energy and AI Expansion
Jun 29, 2026
On June 26, 2026, Eco Wave Power Global closed a $4.0 million registered direct offering with a single strategic institutional investor, issuing 400,000 American Depositary Shares at $10.00 each, a 10.7% premium to the prior Nasdaq close. The fina...
Eco Wave Power Raises $4 Million in Premium-Priced Direct Offering to Fund AI-Focused Wave Energy Expansion
Jun 26, 2026
On June 25, 2026, Eco Wave Power Global AB priced a registered direct offering with a single strategic institutional investor, issuing 400,000 American Depositary Shares at $10.00 each and attached warrants for 300,000 ADSs, for expected gross pro...
Eco Wave Power Showcased by NVIDIA for AI-Enabled Wave Energy and Coastal Data Center Pilots
Jun 24, 2026
On June 23, 2026, Eco Wave Power announced that NVIDIA featured the company in a corporate blog highlighting how its wave energy technology leverages NVIDIA’s AI infrastructure and Omniverse-based digital twins. The article underscores wave ...
Eco Wave Power Advances AI-Driven Wave Energy and Coastal Data Center Initiative
Jun 8, 2026
Eco Wave Power Global, a Nasdaq-listed pioneer in onshore wave energy, is building out a portfolio of grid-connected and pilot projects that use coastal infrastructure to generate renewable power near consumption hubs such as cities, ports and ind...
Eco Wave Power Showcased Again in NVIDIA GTC Keynote as Taiwan Wave Project Progresses
Jun 2, 2026
On June 2, 2026, Eco Wave Power Global announced that its wave energy technology was featured for the second time in an NVIDIA GTC keynote, this time during Jensen Huang’s GTC Taipei 2026 address, following an earlier showcase at GTC San Jos...
Eco Wave Power Calls June 30 AGM, Seeks Broad Capital and Buyback Mandates
May 28, 2026
Eco Wave Power Global AB, a Sweden-incorporated and Israel-headquartered wave-energy technology company, has convened its 2026 annual general meeting for June 30 in Stockholm, with shareholder record and notification deadlines set for late June. T...
Eco Wave Power U.S. Joins NVIDIA Inception to Build AI-Driven Wave Energy Infrastructure
May 18, 2026
On May 18, 2026, Eco Wave Power Global said its U.S. subsidiary has joined the NVIDIA Inception program to accelerate the development of AI-enabled applications for wave energy infrastructure and intelligent energy management. Through access to NV...
Eco Wave Power trims Q1 costs and expands global wave energy footprint while targeting AI-driven power demand
May 7, 2026
Eco Wave Power Global reported first-quarter 2026 results on May 7, 2026, highlighting an 11% reduction in operating expenses versus a year earlier and quarter-end cash and short-term deposits of $5.3 million to support ongoing development and exp...
Eco Wave Power Featured by NVIDIA for AI-Driven Wave Energy Vision
May 4, 2026
On May 4, 2026, Eco Wave Power Global announced that NVIDIA has produced and distributed a short film across its global social media channels, showcasing the company’s AI-driven approach to optimizing wave energy generation. The feature foll...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.