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Eco Wave Power Global (WAVE) AI Stock Analysis
Eco Wave Power Global
(NASDAQ:WAVE)
The score is primarily constrained by weak financial performance—small and volatile revenue, ongoing losses, and persistent (recently worsening) free cash flow burn—raising dilution/refinancing risk. Technicals add pressure, with the stock in a clear downtrend below major moving averages and negative momentum indicators. Valuation is only a modest offset because the negative P/E is not informative for an unprofitable business and there is no dividend support.
Eco Wave Power Global (WAVE) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $29.14M
- Dividend Yield
- ―
- Average Volume (3M)
- 13.16K
- Price to Earnings (P/E)
- -8.8
- Beta (1Y)
- 0.72
- Revenue Growth
- -77.09%
- EPS Growth
- 12.31%
- Country
- US
- Employees
- 13
- Sector
- Utilities
- Sector Strength
- 66
- Industry
- Renewable Utilities
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 global...
Eco Wave Power Global Earnings Call Summary
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.
Q1-2026 Updates
Positive Updates
Negative 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
Financials show high execution and funding risk: revenue is very small and highly volatile with steep declines, profitability is consistently negative with 2025 turning to negative gross profit, and operating/free cash flow are persistently negative with burn worsening in 2025. The main offset is a modest leverage profile with positive equity, but equity has eroded over time alongside ongoing losses.
Income Statement
18Very NegativeBalance Sheet
56NeutralCash Flow
22Negative| 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 | 4,000 | 4,000 |
| 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 | -3.29M | -1.85M | -2.61M | -2.46M | -2.54M |
| Operating Cash Flow | 0 | -2.77M | -1.82M | -2.60M | -2.46M | -2.53M |
| Investing Cash Flow | 0 | 630.37K | 2.93M | 1.22M | -5.30M | -130.00K |
| Financing Cash Flow | 0 | -187.00K | 2.58M | -81.00K | -320.00K | 7.86M |
Eco Wave Power Global Technical Analysis
Price Trends
Market Momentum
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 4.52 is below the 20-day moving average (MA) of 5.09, below the 50-day MA of 5.64, and below the 200-day MA of 6.71, indicating a bearish trend. The MACD of -0.35 indicates Positive momentum. The RSI at 39.85 is Neutral, neither overbought nor oversold. The STOCH value of 58.73 is Neutral, 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.
Latest Risks Added
3 New RisksEco Wave Power Global Peers Comparison
Overall Rating
HTOO50Neutral
VGAS49Neutral- WAVE44Neutral
CREG31Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 66Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% |
| HTOO | 50Neutral | $11.70M | -20.78 | -11.34% | ― | 75.69% | 84.18% |
| VGAS | 49Neutral | $44.10M | -3.10 | -21.80% | ― | ― | 19.55% |
| WAVE | 44Neutral | $29.14M | -8.79 | -56.33% | ― | -77.09% | 12.31% |
| CREG | 31Underperform | $5,766 | -0.88 | -1.95% | ― | 1598.12% | 73.09% |
* Utilities Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| WAVE | Eco Wave Power Global Ab | 4.52 | -2.89 | -39.00% | |
| CREG | Smart Powerr Corp | 0.02 | -12.48 | -99.86% | |
| HTOO | Fusion Fuel Green Plc | 1.62 | -2.21 | -57.70% | |
| VGAS | Verde Clean Fuels, Inc. | 1.01 | -2.21 | -68.63% |
Eco Wave Power Global Corporate Events
Eco Wave Power Reports Q3 Loss Cut 47% as BPCL, AI Milestones Advance
Eco Wave Power Global AB is an onshore wave-energy technology company developing systems that convert ocean waves into electricity, alongside digital tools for energy optimization. On November 3, 2026, it reported continued progress in commercializin...
Eco Wave Power Completes Phase One of AI-Powered Digital Twin
Eco Wave Power Global is an onshore wave-energy company that converts ocean and sea waves into electricity through patented systems installed on existing coastal infrastructure. Its market focus includes coastal cities, ports and energy-intensive fac...
Eco Wave Power Secures First BPCL Purchase Order for Wave Energy Pilot in Mumbai
On October 29, 2026, Eco Wave Power announced that Bharat Petroleum Corporation Limited issued a purchase order for a comprehensive site assessment at BPCL’s Marine Oil Terminals at Jawahar Deep in Mumbai, moving their 2025 memorandum of unders...
Eco Wave Power Targets Rhode Island as Key U.S. Wave Energy Market Amid CEO’s Futures: Ocean Forum Role
Eco Wave Power Global announced on September 22, 2026 that founder and CEO Inna Braverman has been invited as a Luminary Speaker at the inaugural Futures: Ocean Forum in Newport, Rhode Island, scheduled for September 24, 2026. The high-level event wi...
Eco Wave Power Taps AI engineering for Digital Twin Push in Wave Energy
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 pha...
Eco Wave Power Boosts Jaffa Port Wave Energy Output as Stronger Seas Lift Pilot Performance
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 streng...
Eco Wave Power Moves Forward on 1 MW Portugal Wave Project as Barra do Douro Breakwater Repairs Begin
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 for...
Eco Wave Power Global Posts Wider First-Half Loss Amid Asset and Equity Growth
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 ene...
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.
Date of analysis: Oct 28, 2026