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WAVE
Upturn stock rating

Eco Wave Power Global AB ADR (WAVE)

Upturn stock rating
$8.14
Last Close (24-hour delay)
upturn advisory
PASS
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  • SELL Advisory (Loss)​
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Upturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
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Upturn Advisory Summary

10/15/2025: WAVE (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

1 Analysts rated it

Very few follow this stock; limited insights, higher-risk early investing.

1 Year Target Price $14.75

1 Year Target Price $14.75

Analysts Price Target For last 52 week
$14.75 Target price
52w Low $4.41
Current$8.14
52w High $17.63

Analysis of Past Performance

Type Stock
Historic Profit -29.48%
Avg. Invested days 18
Today’s Advisory PASS
Upturn Star Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulation Last Close 10/15/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 46.46M USD
Price to earnings Ratio -
1Y Target Price 14.75
Price to earnings Ratio -
1Y Target Price 14.75
Volume (30-day avg) 1
Beta -0.46
52 Weeks Range 4.41 - 17.63
Updated Date 10/17/2025
52 Weeks Range 4.41 - 17.63
Updated Date 10/17/2025
Dividends yield (FY) -
Basic EPS (TTM) -0.56

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin -
Operating Margin (TTM) -1481.55%

Management Effectiveness

Return on Assets (TTM) -17.2%
Return on Equity (TTM) -44.54%

Valuation

Trailing PE -
Forward PE -
Enterprise Value 43425987
Price to Sales(TTM) 276.53
Enterprise Value 43425987
Price to Sales(TTM) 276.53
Enterprise Value to Revenue 258.49
Enterprise Value to EBITDA -3.59
Shares Outstanding 5829039
Shares Floating 23361131
Shares Outstanding 5829039
Shares Floating 23361131
Percent Insiders -
Percent Institutions 1.13

ai summary icon Upturn AI SWOT

Eco Wave Power Global AB ADR

stock logo

Company Overview

overview logo History and Background

Eco Wave Power Global AB (EWP) was founded in 2011. The company focuses on developing and commercializing wave energy technology for electricity generation. Initially focusing on R&D, EWP has progressed to deploying pilot projects and commercial installations globally. They have focused on scalability and grid integration.

business area logo Core Business Areas

  • Wave Energy Conversion: Development, construction, and operation of wave energy power plants. This includes designing and implementing proprietary wave energy conversion technology.
  • Project Development: Identifying suitable locations for wave energy plants, securing permits, and managing project construction.
  • Consulting and Licensing: Offering consulting services and licensing its technology to other companies and organizations interested in wave energy development.

leadership logo Leadership and Structure

The company is led by Inna Braverman, co-founder and CEO. The structure includes departments for engineering, project management, business development, and finance, reporting to the CEO and board of directors.

Top Products and Market Share

overview logo Key Offerings

  • EWP-ED System: This is Eco Wave Power's primary wave energy converter, designed to be near-shore and on-shore. It extracts energy from waves using floating structures that move with the waves. Market share data is not readily available due to the nascent stage of the wave energy industry. Competitors include AW-Energy Oy and Ocean Power Technologies (OPTT).
  • Turnkey Wave Power Plants: Eco Wave Power also offers complete wave power plant solutions, including design, construction, and operation. Again, precise market share is difficult to quantify in this emerging market. Competitors also include Carnegie Wave Energy Ltd.

Market Dynamics

industry overview logo Industry Overview

The wave energy industry is in its early stages of development. It is considered a part of the broader renewable energy sector, offering potential for clean energy generation. The industry faces challenges like high costs, technological hurdles, and regulatory uncertainties.

Positioning

Eco Wave Power positions itself as a pioneer in wave energy technology, focusing on near-shore and on-shore solutions. Its competitive advantages include proprietary technology, modular design, and potential for grid integration.

Total Addressable Market (TAM)

Estimates vary, but the global wave energy market is projected to reach billions of dollars over the next decade. Eco Wave Power is positioned to capture a portion of this market by focusing on specific regions and applications.

Upturn SWOT Analysis

Strengths

  • Proprietary wave energy conversion technology
  • Focus on near-shore and on-shore solutions (less expensive)
  • Experienced leadership team
  • Patents and intellectual property

Weaknesses

  • Relatively small scale compared to larger renewable energy companies
  • Dependent on external funding for project development
  • Unproven long-term reliability of technology
  • Limited operational history

Opportunities

  • Increasing global demand for renewable energy
  • Government incentives and support for wave energy projects
  • Partnerships with utility companies and other stakeholders
  • Technological advancements in wave energy conversion

Threats

  • Competition from other renewable energy sources (solar, wind)
  • High capital costs and project development risks
  • Regulatory uncertainties and permitting challenges
  • Adverse weather conditions and environmental impacts

Competitors and Market Share

competitor logo Key Competitors

  • OPTT
  • AW-Energy Oy
  • Carnegie Clean Energy Ltd

Competitive Landscape

Eco Wave Power's advantages are its focus on near-shore and on-shore technology, reducing infrastructure costs. Its disadvantages are its smaller scale and limited operational history compared to some competitors.

Growth Trajectory and Initiatives

Historical Growth: Historical growth has been characterized by technology development and pilot projects, rather than revenue growth. Focus has been on securing pilot sites and strategic partnerships.

Future Projections: Future growth is projected to depend on successful commercialization of its technology, securing larger projects, and scaling up operations. Analyst estimates vary significantly, reflecting the uncertainty of the industry.

Recent Initiatives: Recent initiatives include securing new project sites, forging partnerships with utility companies, and advancing technological development.

Summary

Eco Wave Power is a developing company in the nascent wave energy sector, with promising technology and strategic focus. The company's small scale and reliance on funding pose risks, but the growing demand for renewable energy presents opportunities. It needs to focus on demonstrating the reliability and scalability of its technology to attract larger projects and investments. High capital costs and regulatory hurdles are key challenges to watch out for.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company Website
  • Press Releases
  • Industry Reports
  • Analyst Estimates

Disclaimers:

This analysis is based on publicly available information and should not be considered financial advice. Investment decisions should be made after consulting with a qualified financial advisor.

Upturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Eco Wave Power Global AB ADR

Exchange NASDAQ
Headquaters -
IPO Launch date 2021-07-01
Founder, CEO & Director Ms. Inna Braverman
Sector Utilities
Industry Utilities - Renewable
Full time employees 12
Full time employees 12

Eco Wave Power Global AB (publ), a wave energy company, develops a wave energy conversion (WEC) technology that converts ocean and sea waves into clean electricity. The company also holds various agreements, including power purchase agreements, concession agreements, and other agreements worldwide with pipeline of projects with approximately 404.7 megawatts, as well as letters of intent. It operates in the United States, Taiwan, Sweden, Israel, Portugal, Mexico, and internationally. The company was formerly known as EWPG Holding AB (publ) and changed its name to Eco Wave Power Global AB (publ) in June 2021. Eco Wave Power Global AB (publ) was founded in 2011 and is headquartered in Tel Aviv-Yafo, Israel.