Eco Wave Power has signed an agreement with AI engineering GmbH to advance an AI-powered digital twin platform for wave energy. Partnership advances core wave energy technology with potential to improve efficiency and competitive position.
| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
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| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | — | — | — | — | — | — | — | — | — | — | — | — |
| total | individual payouts | |
|---|---|---|
| 2027 | ‡‡‡‡‡ |
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| 2026 | ‡‡‡‡‡ |
|
| 2025 | ‡‡‡‡‡ |
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| 2024 | ‡‡‡‡‡ |
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| 2023 | ‡‡‡‡‡ |
|
| 2022 | ‡‡‡‡‡ |
|
| 2021 | ‡‡‡‡‡ |
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 8.45 | 9.32 | 6.27 | 8.40 |
| Receivables | 0.31 | 0.13 | 0.26 | 0.25 |
| Inventory | — | — | — | — |
| Other | — | — | — | — |
| 8.76 | 9.45 | 6.54 | 8.65 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 0.05 | 0.07 | 0.13 | 0.10 |
| ST’ Debt | 1.04 | 1.10 | 1.18 | 1.22 |
| Other | — | — | — | — |
| 2.13 | 2.24 | 2.63 | 2.48 |
| 10y | 5y | 3y | |
| Sales | — | — | ‡‡‡‡‡ |
| Cash Flow | — | ‡‡‡ | ‡‡‡ |
| Earnings | — | ‡‡‡ | ‡‡‡ |
| Book Value | — | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | — | — | — | — |
—
|
| ’25 | — | — | — | — |
0.04
|
| ’24 | — | — | — | — |
0.17
|
| ’23 | — | — | 0.03 | 0.28 |
0.31
|
| ’22 | 0.03 | — | — | 0.00 |
0.03
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | — | (1.44) | — | — |
—
|
| ’25 | — | (1.47) | — | (3.04) |
(3.04)
|
| ’24 | — | (0.84) | — | (1.82) |
(1.82)
|
| ’23 | — | (1.01) | — | (2.60) |
(2.60)
|
| ’22 | (0.55) | 0.04 | — | (2.46) |
(2.46)
|
| ’21 | (0.06) | (1.29) | (0.20) | (0.08) |
(2.53)
|
| ’20 | (0.46) | (0.94) | (0.59) | (0.58) |
(2.11)
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | — | (1.44) | — | — |
—
|
| ’25 | — | (1.44) | — | (3.49) |
(3.49)
|
| ’24 | — | (0.85) | — | (1.85) |
(1.85)
|
| ’23 | — | (1.01) | — | (2.61) |
(2.61)
|
| ’22 | (0.55) | 0.04 | — | (2.46) |
(2.46)
|
| ’21 | (0.06) | (1.29) | (0.21) | (0.08) |
(2.54)
|
| ’20 | (0.46) | (1.05) | (0.62) | (0.61) |
(2.28)
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (0.12) | (0.16) | — | — |
—
|
| ’25 | (0.08) | (0.24) | (0.16) | (0.16) |
(0.64)
|
| ’24 | (0.08) | (0.09) | (0.10) | (0.12) |
(0.40)
|
| ’23 | (0.08) | (0.08) | (0.03) | (0.16) |
(0.32)
|
| ’22 | (0.16) | (0.11) | (0.08) | (0.16) |
(0.56)
|
| ’21 | (0.01) | (0.16) | (0.08) | (0.01) |
(0.46)
|
| ’20 | (0.01) | (0.01) | (0.01) | (0.02) |
(0.01)
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | — | — | ‡‡‡‡ | 2.53 | 1.01 | 1.01 | 4.41 | — | — | — |
Low Price
|
| — | — | — | — | — | ‡‡‡‡ | 7.80 | 3.99 | 17.63 | 12.38 | — | — | — |
High Price
|
| — | — | — | — | ‡‡‡‡ | ‡‡‡‡ | 15 | 14 | 12 | 11 | — | — | — |
Employees
|
| — | — | — | — | ‡‡‡ | ‡‡‡‡‡ | 0.00 | 0.02 | 0.01 | 0.00 | — | — | — |
Revenue/Emp
|
| — | — | — | — | — | ‡‡‡‡‡ | 0.03 | 0.31 | 0.17 | 0.04 | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Revenue
|
| — | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | 15.38% | 80.72% | 75.00% | 57.89% | — | — | — |
Gross Margin
|
| — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (2.90) | (1.87) | (2.11) | (3.72) | — | — | — |
EBT
|
| — | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | (11,157.69%) | (609.80%) | (1,254.76%) | (9,800.00%) | ‡‡‡ | ‡‡‡ | — |
EBT Margin
|
| — | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (2.90) | (1.87) | (2.11) | (3.72) | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Net Income
|
| — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.21 | 0.17 | 0.13 | 0.25 | — | — | — |
Depreciation
|
| — | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | 0.00 | 0.06 | 0.03 | 0.01 | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Revenue/Sh
|
| — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.56) | (0.32) | (0.40) | (0.64) | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Earnings/Sh
|
| — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.44) | (0.47) | (0.33) | (0.52) | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Cash Flow/Sh
|
| — | ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.00 | 0.00 | (0.01) | (0.08) | ‡‡‡ | ‡‡‡ | — |
Capex/Sh
|
| — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.44) | (0.47) | (0.33) | (0.60) | — | — | — |
Free CF/Sh
|
| — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.78 | 1.41 | 1.49 | 0.94 | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Book Value/Sh
|
| — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5.55 | 5.55 | 5.56 | 5.84 | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Shares
|
| — | — | — | — | — | ‡‡‡ | 0.00 | 0.00 | 0.00 | 0.00 | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
PE Ratio
|
| — | — | — | — | — | ‡‡‡ | 0.00 | 25.24 | 184.30 | 102.73 | ‡‡‡ | ‡‡‡ | — |
PS Ratio
|
| — | — | — | — | — | ‡‡‡‡‡ | 1.69 | 1.07 | 7.37 | 6.22 | ‡‡‡ | ‡‡‡ | — |
PB Ratio
|
| — | — | — | — | — | ‡‡‡ | 0.00 | 3.15 | 159.98 | 87.47 | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
EV/Sales
|
| — | — | — | — | — | ‡‡‡‡‡ | (2.45) | (0.17) | (8.40) | (3.81) | — | — | — |
EV/FCF
|
| — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (2.46) | (2.60) | (1.82) | (3.04) | ‡‡‡ | ‡‡‡ | — |
Op' Cash Flow
|
| — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.00 | (0.01) | (0.03) | (0.45) | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Capex
|
| — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (2.46) | (2.61) | (1.85) | (3.49) | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
FCF
|
| — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 8.66 | 6.63 | 7.21 | 3.91 | — | — | — |
Working Cap'
|
| — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.16 | 1.11 | 1.25 | 1.21 | — | — | — |
Total Debt
|
| — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (9.20) | (7.33) | (8.07) | (5.07) | — | — | — |
Net Debt
|
| — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 9.87 | 7.80 | 8.30 | 5.49 | — | — | — |
Sh' Equity
|
| — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (20.31%) | (15.60%) | (20.08%) | (39.29%) | — | — | — |
ROA
|
| — | ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (334.97%) | (321.56%) | (646.57%) | (467.18%) | — | — | — |
ROIC
|
| — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (23.58%) | (19.35%) | (25.80%) | (53.63%) | — | — | — |
ROE
|
Eco Wave Power Global AB (WAVE), the Nasdaq-listed ADR pioneering onshore wave energy stations, represents a classic high-risk innovator in the burgeoning blue economy. After years of pilot projects yielding minimal revenue—peaking at a volatile $306,000 in 2023 before dipping to $168,000 in 2024—the company shows tantalizing efficiency gains, with gross margins stabilizing at 75% and revenue per employee hitting $14,000 amid a lean 14-person team. This traction aligns with global decarbonization tailwinds, from the EU’s Wave Energy Roadmap to U.S. subsidies, positioning WAVE as a potential first-mover in a market where installed capacity remains under 10MW worldwide.
Yet profitability lingers in losses (-$2.11 million in 2024), with free cash flow deeply negative, echoing the capital-intensive struggles of early clean-tech pioneers. Analyst forecasts, however, project a dramatic inflection: revenue exploding 432% to $893,000 in 2025-2026, then 1,226% to $1.18 billion in 2027, flipping FCF positive and EBT to $99 million. Stock volatility mirrors the sector’s hype-crash cycle—342% rebound in 2024 to $17.63, but 70% off peaks—with elevated multiples (EV/Sales at 160x) signaling speculation, tempered by unanimous analyst targets implying 200% upside.
In a decade of renewable urgency reminiscent of post-Paris Agreement surges, WAVE’s path hinges on executing 20+ MW projects and tenders from California to Australia. While risks like permitting delays and competition loom, improving margins and cash buffers offer resilience for patient investors eyeing a scale-up pivot.
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