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WAVE
Upturn stock ratingUpturn stock rating

Eco Wave Power Global AB ADR (WAVE)

Upturn stock ratingUpturn stock rating
$7.79
Last Close (24-hour delay)
Profit since last BUY-8.94%
upturn advisory
SELL
SELL since 2 days
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  • SELL Advisory (Loss)​
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Upturn Stock infoUpturn Stock info Stock price based on last close
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Upturn Advisory Summary

08/14/2025: WAVE (1-star) is a SELL. SELL since 2 days. Profits (-8.94%). Updated daily EoD!

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 $15

1 Year Target Price $15

Analysts Price Target For last 52 week
$15 Target price
52w Low $3.35
Current$7.79
52w High $17.63

Analysis of Past Performance

Type Stock
Historic Profit -23.33%
Avg. Invested days 18
Today’s Advisory SELL
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 08/14/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 44.63M USD
Price to earnings Ratio -
1Y Target Price 15
Price to earnings Ratio -
1Y Target Price 15
Volume (30-day avg) 1
Beta -0.46
52 Weeks Range 3.35 - 17.63
Updated Date 08/15/2025
52 Weeks Range 3.35 - 17.63
Updated Date 08/15/2025
Dividends yield (FY) -
Basic EPS (TTM) -0.4

Earnings Date

Report Date 2025-08-14
When -
Estimate -0.0727
Actual -0.24

Profitability

Profit Margin -
Operating Margin (TTM) -1402.38%

Management Effectiveness

Return on Assets (TTM) -15.09%
Return on Equity (TTM) -28.32%

Valuation

Trailing PE -
Forward PE -
Enterprise Value 38312080
Price to Sales(TTM) 265.66
Enterprise Value 38312080
Price to Sales(TTM) 265.66
Enterprise Value to Revenue 228.05
Enterprise Value to EBITDA -3.59
Shares Outstanding 5841730
Shares Floating 22218734
Shares Outstanding 5841730
Shares Floating 22218734
Percent Insiders -
Percent Institutions 1.49

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 (publ) was founded in 2011. The company develops and commercializes technology for turning ocean and sea waves into green electricity.

business area logo Core Business Areas

  • Wave Energy Conversion: Development, installation, and operation of wave energy converters (WECs) that transform wave motion into electricity.
  • Project Development: Identification, permitting, and securing financing for wave energy projects.
  • Licensing: Licensing of Eco Wave Power's technology to third parties for deployment in various locations.

leadership logo Leadership and Structure

The company is led by CEO Inna Braverman. The organizational structure includes departments for engineering, project management, finance, and business development.

Top Products and Market Share

overview logo Key Offerings

  • EWP-ED System: Onshore wave energy converter system. Revenue contribution is variable, dependent on project deployment. Competitors include AWS Ocean Energy and Mocean Energy, though market share for specific wave energy solutions is still developing and fragmented due to the nascent stage of the industry. They are used in Jaffa Port of Tel Aviv, Israel.
  • EWP-SeaWave Power Plant: Floating wave energy converter system designed for offshore locations. Market share is developing and difficult to ascertain. Revenue contribution is dependent on project deployment and location. Competitors include CorPower Ocean.

Market Dynamics

industry overview logo Industry Overview

The wave energy industry is an emerging renewable energy sector with the potential to provide clean electricity from ocean waves. It is currently characterized by technological development, pilot projects, and limited commercial deployment. The market is growing as technology develops.

Positioning

Eco Wave Power aims to be a leading provider of wave energy conversion technology. Its competitive advantages include its onshore and nearshore solutions, modular design, and environmentally friendly approach.

Total Addressable Market (TAM)

Estimates for the total addressable market vary greatly, ranging from billions to trillions of dollars. Eco Wave Power is positioned to capture a portion of this market through strategic partnerships, technological advancements, and successful project deployments. 2023 report shows a $43 million market value which is projected to grow.

Upturn SWOT Analysis

Strengths

  • Proprietary wave energy conversion technology
  • Onshore and nearshore solutions reduce costs and environmental impact
  • Modular design allows for scalability and flexibility
  • Experienced management team
  • Collaboration with research universities and institutes

Weaknesses

  • Limited track record of commercial deployment
  • Reliance on government subsidies and incentives
  • Competition from established renewable energy technologies
  • Small market capitalization
  • Uncertainty surrounding long-term performance of wave energy systems

Opportunities

  • Growing demand for renewable energy
  • Government support for wave energy development
  • Advancements in materials and manufacturing technologies
  • Partnerships with utilities and coastal communities
  • Expansion into new markets

Threats

  • Technological challenges and uncertainties
  • High capital costs
  • Environmental regulations and permitting processes
  • Competition from other renewable energy sources
  • Macroeconomic downturns

Competitors and Market Share

competitor logo Key Competitors

  • AWSE (AWS Ocean Energy)
  • ORCAF (Orcadian Wave Energy)
  • FATH (Fathom Systems Inc)

Competitive Landscape

Eco Wave Power competes with other wave energy developers, as well as established renewable energy technologies such as solar and wind. Its competitive advantage lies in its onshore and nearshore solutions, which offer lower costs and reduced environmental impact compared to offshore technologies.

Growth Trajectory and Initiatives

Historical Growth: Historical growth has been limited, reflecting the company's focus on technology development and pilot projects.

Future Projections: Future growth is dependent on securing contracts for commercial deployments and scaling up its manufacturing capabilities. Analyst estimates vary widely and are subject to significant uncertainty.

Recent Initiatives: Recent initiatives include securing new project sites, developing partnerships with utilities, and expanding its technology portfolio.

Summary

Eco Wave Power is a promising early-stage company in the wave energy sector. While its technology is compelling and aims to solve the problem of renewable ocean wave energy, limited commercial deployments and financial performance should be a concern for investors. Its main advantage comes from its onshore and nearshore approach. It must focus on deploying existing technology and improving its financial standings.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company website
  • SEC filings
  • Industry reports
  • Analyst estimates

Disclaimers:

This analysis is based on publicly available information and is for informational purposes only. It is not intended as investment advice. Investors should conduct their own due diligence before making any investment decisions.

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

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

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

Upturn AI SummarizationUpturn 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.