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Eco Wave Power Global ( (WAVE) ) has provided an announcement.
On October 7, 2025, Eco Wave Power Global announced that U.S. Congresswoman Nanette Barragán visited its onshore wave energy pilot station at AltaSea in the Port of Los Angeles, marking the first installation of its kind in the U.S. Barragán emphasized the potential of wave energy as a renewable source and advocated for federal support, including her proposed $1 billion Marine Energy Technologies Acceleration Act. The visit highlights the feasibility and scalability of wave energy, with Eco Wave Power positioned to lead in marine renewable energy, offering significant opportunities for investors and municipalities to diversify their renewable energy portfolios.
The most recent analyst rating on (WAVE) stock is a Hold with a $8.50 price target. To see the full list of analyst forecasts on Eco Wave Power Global stock, see the WAVE Stock Forecast page.
Spark’s Take on WAVE Stock
According to Spark, TipRanks’ AI Analyst, WAVE is a Neutral.
Eco Wave Power Global’s overall stock score is driven by its challenging financial performance and valuation, offset by positive strategic initiatives and global expansion efforts. The company’s consistent losses and negative cash flows are significant concerns, but its strategic projects and market expansion offer potential for future growth.
To see Spark’s full report on WAVE stock, click here.
More about Eco Wave Power Global
Eco Wave Power Global is a pioneering onshore wave energy company that converts ocean and sea waves into clean, reliable, and cost-efficient electricity using its patented technology. The company operates Israel’s first grid-connected wave energy power station and has launched the first onshore wave energy pilot station in the U.S. at the Port of Los Angeles. With a robust project pipeline of 404.7 MW under development, Eco Wave Power is expanding globally with projects in Portugal, Taiwan, and India. The company is recognized internationally and trades on the Nasdaq Capital Market under the ticker symbol ‘WAVE’.
Average Trading Volume: 25,370
Technical Sentiment Signal: Buy
Current Market Cap: $43.87M
See more insights into WAVE stock on TipRanks’ Stock Analysis page.