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Eco Wave Power Global AB (publ)

WAVE NASDAQ Categories PDF
Utilities · Renewable Utilities · Israel · Updated May 11, 1:56pm
$8.35
Price
$48.7M
Market Cap
12
Employees
-0.45
Beta
Inna Braverman
CEO
Business Description

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.

Business History
Price Overview
Last updated: May 11, 2026 1:56pm (just now)
$8.35
+0.59 (+7.68%)
Day Range
$7.95 – $8.69
52-Week Range
$4.41 – $9.87
50-Day MA
$6.43
200-Day MA
$6.93
Volume
11,716.00
Analyst Price Targets
Low $15.00
Consensus $15.00
High $15.00
(1 analysts)
Share Structure
Outstanding 5,839,664.00
Float 5,605,300.00
Free Float 96.0%
High free float — 96.0% of shares trade freely, ~4% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Small absolute float (5.6M shares) — even with a decent free float %, volume can be thin. Check average daily volume before sizing a position.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
Period Revenue Net Income Net Margin YoY/QoQ
Key Metrics
API Direct from provider CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALC
Stock Price / EPS (Diluted)
-13.04
Stock Price: $8.35
EPS (Diluted): -0.64
P/B Ratio (Price vs net asset value)
API
Stock Price / Book Value Per Share
6.01
Stock Price: $8.35
Total Equity: $5.67M
Shares: 5,840,380
EV/EBITDA (Total value vs operating profit)
API
Enterprise Value / EBITDA
-15.05
Market Cap: $48.73M
Total Debt: $1.34M
Cash: $6.27M
EBITDA: -$2.96M
Enterprise Value (Takeover price (cap + debt - cash))
API
Market Cap + Total Debt - Cash
$29.2M
Market Cap: $48.73M
Total Debt: $1.34M
Cash: $6.27M
Gross Margin (Revenue left after direct costs)
API
Gross Profit / Revenue
-610.5%
Gross Profit: -$233,245
Revenue: $38,203
Operating Margin (Revenue left after all operations)
API
Operating Income / Revenue
-8,416.0%
Operating Income: -$3.22M
Revenue: $38,203
Net Margin (Revenue left as actual profit)
API
Net Income / Revenue
-9,729.2%
Net Income: -$3.72M
Revenue: $38,203
ROE (Profit from shareholder equity)
API
Net Income / Total Equity
-64.7%
Net Income: -$3.72M
Total Equity: $5.67M
ROIC (Profit from all invested capital)
API
NOPAT / Invested Capital
-51.0%
Operating Income: -$3.22M
Tax Rate: 0.0%
Equity: $5.67M
Total Debt: $1.34M
Cash: $6.27M
Current Ratio (Can it pay short-term bills)
API
Current Assets / Current Liabilities
2.49
Current Assets: $6.54M
Current Liabilities: $2.62M
Debt/Equity (Leverage — debt vs equity)
CALC
Total Debt / Total Equity
0.24
Short-Term Debt: $1.31M
Long-Term Debt: $23,999
Total Debt: $1.34M
Total Equity: $5.67M
Rev/Share (Top-line per share)
CALC
Revenue / Shares Outstanding
$0.01
Revenue: $38,203
Shares: 5,840,380
Book Value/Share (Net assets per share)
CALC
(Total Assets - Total Liabilities) / Shares
$0.97
Total Equity: $5.67M
Shares: 5,840,380
FCF/Share (Real cash generated per share)
CALC
(Operating Cash Flow + CapEx) / Shares
$-0.56
Operating CF: -$2.77M
CapEx: -$527,818
Shares: 5,840,380
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
API
Last Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $8.35
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$3.72M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares WAVE against LLM-researched typical ranges for its industry. One research call per industry, cached indefinitely — every stock in the same industry reuses the same baseline.
Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
4b Earnings Power Value — Floor value — worth with zero growth
4c Anchored PE — Industry PE adjusted for growth differential
4d Reverse DCF — What growth is the market pricing in?
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
4h Dividend Discount Model — For dividend/income stocks only
4i Book Value Analysis — For deep value / turnaround stocks only
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Metric 2021 2022 2023 2024 2025
Revenue $31,000 $26,000 $306,000 $168,000 $38,203
Cost of Revenue $27,000 $22,000 $59,000 $42,000 $271,449
Gross Profit $4,000 $4,000 $247,000 $126,000 $-233,245
Operating Expenses $3.1M $3.6M $2.7M $2.5M $3.0M
Operating Income -$3.1M -$3.6M -$2.4M -$2.3M -$3.2M
Net Income -$2.3M -$2.9M -$1.7M -$2.1M -$3.7M
EBITDA -$2.0M -$2.6M -$1.7M -$1.9M -$3.0M
EPS $-0.47 $-0.52 $-0.31 $-0.37 $-0.64
EPS (Diluted) — — — — —
Balance Sheet (Annual)
Metric 2021 2022 2023 2024 2025
Cash & Equivalents $14.6M $5.3M $4.3M $7.8M $6.3M
Total Current Assets $15.1M $10.5M $8.8M $9.4M $6.5M
Total Assets $16.6M $11.9M $10.0M $10.7M $8.1M
Current Liabilities $903,000 $1.9M $2.1M $2.2M $2.6M
Long-Term Debt $1.0M $96,000 $78,000 $47,000 $23,999
Total Liabilities $1.9M $2.0M $2.2M $2.4M $2.6M
Total Equity $14.7M $9.9M $8.0M $8.5M $5.7M
Retained Earnings -$8.4M -$11.3M -$13.0M -$15.1M -$18.8M
Cash Flow (Annual)
Metric 2021 2022 2023 2024 2025
Operating Cash Flow -$2.5M -$2.5M -$2.6M -$1.8M -$2.8M
Capital Expenditure $-13,000 $-3,000 $-6,008 $-33,000 $-527,818
Free Cash Flow -$2.5M -$2.5M -$2.6M -$1.9M -$3.3M
Acquisitions (net) $-117,000 $-298,000 $-50,000 $-32,000 $72,386
Debt Repayment — — — — —
Dividends Paid — — — — —
Stock Buybacks $0 $0 $0 $-49,898 $-27,144
Net Change in Cash $3.9M -$9.3M -$1.0M $3.6M -$1.8M
Analyst Estimates (Annual)
Metric 2024 2025 2026 2027
Revenue $50,000
$50,000 – $50,000
 $150,000
$150,000 – $150,000
 $200,000
$200,000 – $200,000
 $200,000
$200,000 – $200,000
EBITDA $-50,000
$-50,000 – $-50,000
 $-150,000
$-150,000 – $-150,000
 $-200,000
$-200,000 – $-200,000
 $-200,000
$-200,000 – $-200,000
Net Income $-292,019
$-292,019 – $-292,019
 -$3.9M
-$3.9M – -$3.9M
 -$4.4M
-$4.4M – -$4.4M
 -$5.1M
-$5.1M – -$5.1M
EPS — — — —
Growth Trends (YoY %)
Metric 2022 2023 2024 2025
Revenue Growth -16.1% +1,076.9% -45.1% -77.3%
Gross Profit Growth +0.0% +6,075.0% -49.0% -285.1%
Operating Income Growth -17.5% +33.1% +3.1% -37.5%
Net Income Growth -23.6% +41.1% -21.5% -79.0%
EBITDA Growth -29.2% +37.6% -16.5% -53.9%
Insider Trading (Recent)
Date Insider Type Shares Price Value
2026-03-18 Amar Gilles 0.00 $0.00 $0
2026-03-18 Ackermann Hilary E. 0.00 $0.00 $0
2026-03-18 Abecassis Annath 0.00 $0.00 $0
2026-03-18 Yehuda Aharon 0.00 $0.00 $0
2026-03-18 BRAVERMAN INNA KANEVSKY 0.00 $0.00 $0
2013-01-24 Avenue Capital Management II, L.P. U-Tender 3,806,798.00 $1.00 $3.8M
2012-08-16 Solus Alternative Asset Management LP J-Other 126,690,336.00 $77.35 $9.8B
2012-08-08 Solus Alternative Asset Management LP 0.00 $0.00 $0
2009-04-08 Solus Alternative Asset Management LP 357,143.00 $0.07 $25,000
2008-10-09 Solus Alternative Asset Management LP 1,637,884.00 $77.35 $126.7M
2012-08-01 Avenue Capital Management II, L.P. S-Sale 2,397,367.00 $0.01 $23,974
2012-08-01 Avenue Capital Management II, L.P. S-Sale 95,224.00 $0.01 $952
2012-08-01 Avenue Capital Management II, L.P. S-Sale 7,409.00 $0.01 $74
2009-12-16 Avenue Capital Management II, L.P. M-Exempt 7,500,000.00 $0.01 $75,000
2009-12-16 Avenue Capital Management II, L.P. F-InKind 142,068.00 $0.53 $74,998
2009-12-16 Avenue Capital Management II, L.P. M-Exempt 7,500,000.00 $0.01 $75,000
2009-12-16 Avenue Capital Management II, L.P. F-InKind 142,068.00 $0.53 $74,998
2009-12-16 Avenue Capital Management II, L.P. M-Exempt 30,000,000.00 $0.01 $300,000
2009-12-16 Avenue Capital Management II, L.P. F-InKind 568,274.00 $0.53 $299,992
2009-12-16 Avenue Capital Management II, L.P. M-Exempt 7,500,000.00 $0.01 $75,000
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My Notes personal — only you see this
Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.193 · 1946f027 · 2026-05-08 18:57:27