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Eco Wave Power Global AB ADR (WAVE)
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Upturn Advisory Summary
04/01/2025: WAVE (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type Stock | Historic Profit -37.13% | Avg. Invested days 18 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 43.82M USD | Price to earnings Ratio - | 1Y Target Price - |
Price to earnings Ratio - | 1Y Target Price - | ||
Volume (30-day avg) 23618 | Beta -0.7 | 52 Weeks Range 1.13 - 17.63 | Updated Date 03/30/2025 |
52 Weeks Range 1.13 - 17.63 | Updated Date 03/30/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.41 |
Earnings Date
Report Date 2025-03-03 | When - | Estimate - | Actual -0.0931 |
Profitability
Profit Margin - | Operating Margin (TTM) -768.63% |
Management Effectiveness
Return on Assets (TTM) -15.1% | Return on Equity (TTM) -26.97% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 30663308 | Price to Sales(TTM) 230.21 |
Enterprise Value 30663308 | Price to Sales(TTM) 230.21 | ||
Enterprise Value to Revenue 182.52 | Enterprise Value to EBITDA -3.59 | Shares Outstanding 5834380 | Shares Floating 20781672 |
Shares Outstanding 5834380 | Shares Floating 20781672 | ||
Percent Insiders - | Percent Institutions 1.15 |
Analyst Ratings
Rating - | Target Price - | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Eco Wave Power Global AB ADR
Company Overview
History and Background
Eco Wave Power Global AB (EWPGF) was founded in 2011, focusing on developing wave energy technology. It went public in 2019. The company aims to commercialize its proprietary technology for converting ocean wave energy into electricity.
Core Business Areas
- Wave Energy Conversion: Development, construction, and operation of wave energy power plants. They focus on nearshore technology to convert wave energy into electricity.
Leadership and Structure
The leadership team consists of Inna Braverman (CEO) and various board members. The organizational structure is geared towards research and development, project execution, and commercialization of its wave energy technology.
Top Products and Market Share
Key Offerings
- Competitors: AW-Energy, Carnegie Clean Energy, Wave Swell Energy
- EWP-EDF One Project: Eco Wave Power's first grid-connected wave energy array, located in Israel. Market share is difficult to quantify due to the nascent stage of the wave energy industry. Competitors include companies developing alternative wave energy technologies.
Market Dynamics
Industry Overview
The wave energy industry is an emerging sector within renewable energy. It faces technological and financial hurdles. The industry is heavily dependent on government support and private investment.
Positioning
Eco Wave Power positions itself as a leading developer of nearshore wave energy technology. Competitive advantages include its modular design, which lowers installation costs and is claimed to be easily integrated with existing coastal infrastructure.
Total Addressable Market (TAM)
The TAM for wave energy is projected to be substantial, potentially reaching billions of dollars annually as technology matures and becomes more cost-competitive with other renewable sources. Eco Wave Power is positioned to capture a portion of this TAM, contingent on successful deployment and commercialization.
Upturn SWOT Analysis
Strengths
- Proprietary Wave Energy Technology
- Focus on Nearshore Technology
- Modular Design
- First-Mover Advantage in Certain Markets
Weaknesses
- Limited Track Record of Commercial Success
- High Capital Requirements
- Dependence on Government Subsidies
- Small Company Size
Opportunities
- Increasing Demand for Renewable Energy
- Government Incentives for Wave Energy Development
- Technological Advancements
- Strategic Partnerships
Threats
- Competition from Other Renewable Energy Sources
- Technological Risks
- Regulatory Hurdles
- Economic Downturns Affecting Investment in Renewable Energy
Competitors and Market Share
Key Competitors
- AW-Energy (Private)
- Carnegie Clean Energy (CCE.AX)
- Wave Swell Energy (Private)
Competitive Landscape
Eco Wave Power's competitive advantage lies in its nearshore technology and modular design. However, it faces competition from larger, more established renewable energy companies and other wave energy developers.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been limited due to the early stage of commercialization. It's largely been driven by investment, grants and project development.
Future Projections: Future growth is projected to be driven by the successful deployment of new projects and expansion into new markets. Analyst estimates are scarce and highly speculative.
Recent Initiatives: Recent initiatives include securing new project agreements, expanding partnerships, and continuing research and development efforts to improve technology performance and reduce costs.
Summary
Eco Wave Power is a small player in the emerging wave energy sector with promising technology but faces significant challenges in commercialization and funding. It has the potential for high growth if it can successfully deploy its projects and attract further investment. However, the company's lack of a proven track record and reliance on subsidies make it a high-risk investment. The company should focus on demonstrating the reliability and cost-effectiveness of its technology.
Similar Companies
- CCE.AX
- RNW.TO
Sources and Disclaimers
Data Sources:
- Company Website
- Press Releases
- Industry Reports
- Financial News Sources
Disclaimers:
This analysis is based on publicly available information and analyst estimates, which are subject to change. This is not financial advice. Invest at your own risk.
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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