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Eco Wave Power Global AB ADR (WAVE)



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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!
1 Year Target Price $15
1 Year Target Price $15
0 | Strong Buy |
1 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -23.33% | Avg. Invested days 18 | Today’s Advisory SELL |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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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 |
Upturn AI SWOT
Eco Wave Power Global AB ADR
Company Overview
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.
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 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
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
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
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.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
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 | Website https://www.ecowavepower.com |
Full time employees 12 | Website https://www.ecowavepower.com |
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.

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