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Eco Wave Power Global
(NASDAQ:WAVE)
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Rating:46Neutral
Price Target:
$6.00
▼(-10.45% Downside)
Action:Reiterated
Date:09/06/26
The score is primarily weighed down by weak financial performance (small/volatile revenue, persistent losses, and worsening free-cash-flow burn) and bearish technicals (price below key moving averages with negative MACD). Valuation provides only limited support because the negative P/E is driven by losses and there is no dividend yield data to offset operating risk.
Positive Factors
Onshore technology reliability
Demonstrated reliability is important for a young energy technology seeking commercial adoption. Zero system-related downtime and easier maintenance from onshore infrastructure can improve customer confidence, support repeatable deployments, and strengthen the company’s competitive position over the next several quarters.
Negative Factors
Severe revenue volatility
Very small, volatile revenue and a sharp 2025 decline indicate that commercial conversion remains unproven. Persistent operating losses and a negative gross-profit outcome also create uncertainty about project economics, making it harder to establish durable margins until deployments scale and mix improves.
Read all positive and negative factors
Positive Factors
Negative Factors
Onshore technology reliability
Demonstrated reliability is important for a young energy technology seeking commercial adoption. Zero system-related downtime and easier maintenance from onshore infrastructure can improve customer confidence, support repeatable deployments, and strengthen the company’s competitive position over the next several quarters.
Read all positive factors
Eco Wave Power Global (WAVE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$36.75M
Dividend YieldN/A
Average Volume (3M)14.49K
Price to Earnings (P/E)―
Beta (1Y)0.67
Revenue Growth-77.09%
EPS Growth-15.59%
CountryUS
Employees13
SectorUtilities
Sector Strength65
IndustryRenewable Utilities
Share Statistics
EPS (TTM)-0.60
Shares Outstanding6,239,664
10 Day Avg. Volume13,065
30 Day Avg. Volume14,488
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$15.00Price Target Upside123.88% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.76
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:May 07, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Nov 16, 2026
Earnings Call Sentiment Positive
The call reflects positive operational and strategic progress: disciplined cost reductions, an improved operating loss, a USD 5.3M liquidity position and multiple advancing international projects (Israel, U.S., Portugal, Taiwan, India, South Africa), along with meaningful visibility related to AI infrastructure (NVIDIA mention, NREL recognition). Offsetting these positives is a material increase in net loss (~38% YoY) driven by foreign exchange headwinds, modest decline in other income, and the continued need to convert pilots and feasibility work into larger commercial contracts to move from demonstration to scale.Positive Updates
Operating Expense Reduction and Cost Discipline
Operating expenses for Q1 2026 were approximately USD 682,000, an 11% decrease year-over-year driven by lower R&D, sales & marketing and G&A costs; R&D fell to ~USD 140,000 (down ~23% vs. USD 181,000), sales & marketing to ~USD 71,000 (down ~8% vs. USD 77,000), and G&A to ~USD 499,000 (down ~7% vs. USD 539,000).
Negative Updates
Net Loss Increased Significantly
Net loss for Q1 2026 was approximately USD 695,000 versus ~USD 505,000 in Q1 2025, an increase of ~38% year-over-year, primarily attributable to foreign exchange fluctuations (appreciation of the Swedish krona and the Israeli shekel against the U.S. dollar) which negatively impacted financial income.
Read all updates
Q1-2026 Updates
Positive
Negative
Operating Expense Reduction and Cost Discipline
Operating expenses for Q1 2026 were approximately USD 682,000, an 11% decrease year-over-year driven by lower R&D, sales & marketing and G&A costs; R&D fell to ~USD 140,000 (down ~23% vs. USD 181,000), sales & marketing to ~USD 71,000 (down ~8% vs. USD 77,000), and G&A to ~USD 499,000 (down ~7% vs. USD 539,000).
Read all positive updates
Company Guidance
The company’s guidance emphasized disciplined capital allocation, project execution and strategic partnerships to advance deployments across Israel, the U.S., Portugal, Taiwan, India and South Africa and to position wave energy for AI-driven energy demand; Q1 2026 metrics cited include operating expenses of ~$682k (11% YoY decrease), R&D ~$140k (vs $181k), sales & marketing ~$71k (vs $77k), G&A ~$499k (vs $539k), operating loss ~$682k (improved from $765k), other income ~$52k (vs $54k), net loss ~$695k (vs $505k, driven by FX), and total liquidity of ~$5.3M as of March 31, 2026; operational milestones and near‑term expectations include Israel’s EWP‑EDF One stable operation, Port of LA pilot report submitted with potential outer‑breakwater scale discussions, Porto progressing a first 1 MW project under a 20 MW concession (engineering/grid work), Taiwan localized manufacturing and deployment prep, India expecting a formal site‑assessment order in Q3, South Africa feasibility indicating ~8.3 MW potential, and broader market validation (NVIDIA visibility and the Panthalassa $140M financing example), with deployment timetables the company characterizes as measured in months rather than years.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 | -2.72M | -3.42M | -1.92M | -1.65M | -2.64M | -2.05M |
| Net Income | -3.49M | -3.72M | -2.08M | -1.71M | -2.90M | -2.35M |
Balance Sheet | ||||||
| Total Assets | 10.13M | 8.14M | 10.68M | 10.01M | 11.92M | 16.65M |
| Cash, Cash Equivalents and Short-Term Investments | 8.15M | 6.27M | 9.10M | 8.38M | 10.29M | 14.62M |
| Total Debt | 1.27M | 1.34M | 1.34M | 1.20M | 1.24M | 1.36M |
| Total Liabilities | 2.48M | 2.65M | 2.38M | 2.21M | 2.04M | 1.91M |
| Stockholders Equity | 7.83M | 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
6.70
Price Trends
7.58
Negative
7.89
Negative
6.88
Negative
Market Momentum
-0.45
Positive
30.43
Neutral
12.65
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 6.7 is above the 20-day moving average (MA) of 6.60, below the 50-day MA of 7.58, and below the 200-day MA of 6.88, indicating a bearish trend. The MACD of -0.45 indicates Positive momentum. The RSI at 30.43 is Neutral, neither overbought nor oversold. The STOCH value of 12.65 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% | |
46 Neutral | $36.75M | -9.59 | -56.33% | ― | -77.09% | -15.59% | |
46 Neutral | $59.09M | -4.08 | -21.80% | ― | ― | 19.55% | |
43 Neutral | $17.76M | -29.59 | -12.29% | ― | 838.07% | 88.10% | |
31 Underperform | $494.26K | -0.88 | -1.95% | ― | 1598.12% | 73.09% |
* Utilities Sector Average
WAVE
Eco Wave Power Global
5.50
-3.82
-40.99%
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0.22
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Fusion Fuel Green
2.30
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VGAS
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1.34
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Eco Wave Power Global Corporate Events
Eco Wave Power Taps AI engineering for Digital Twin Push in Wave Energy
Sep 2, 2026
On September 2, 2026, Eco Wave Power announced that its U.S. subsidiary signed an agreement with Germany’s AI engineering GmbH to develop a physics- and data-driven Digital Twin platform for its proprietary wave energy technology. The first ...
Eco Wave Power Boosts Jaffa Port Wave Energy Output as Stronger Seas Lift Pilot Performance
Aug 17, 2026
Eco Wave Power Global reported on August 17, 2026 that its grid‑connected EWP‑EDF One wave energy station at Jaffa Port, Israel, delivered higher electricity production and peak power output in April and May 2026 as wave conditions str...
Eco Wave Power Moves Forward on 1 MW Portugal Wave Project as Barra do Douro Breakwater Repairs Begin
Aug 13, 2026
On August 13, 2026, Eco Wave Power Global announced that rehabilitation works have officially begun on the Barra do Douro breakwater in Porto, Portugal, by port authority APDL, following storm damage to the structure. The works are a prerequisite ...
Eco Wave Power Global Posts Wider First-Half Loss Amid Asset and Equity Growth
Aug 11, 2026
Eco Wave Power Global AB (publ), a Swedish-Israeli renewable energy developer, focuses on shore-based systems that convert ocean and sea waves into clean electricity. Its projects target utilities and commercial partners seeking innovative marine ...
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 ...
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.