Reviewing Eco Wave Power Global AB (publ) (WAVE) & Its Competitors

Eco Wave Power Global AB (publ) (NASDAQ:WAVE) is one of 141 publicly-traded companies in the “Independent Power & Renewable Electricity Producers” industry, but how does it weigh in compared to its rivals? We will compare Eco Wave Power Global AB (publ) to related companies based on the strength of its analyst recommendations, earnings, risk, institutional ownership, profitability, dividends and valuation.

Insider and Institutional Ownership

0.6% of Eco Wave Power Global AB (publ) shares are held by institutional investors. Comparatively, 35.3% of shares of all “Independent Power & Renewable Electricity Producers” companies are held by institutional investors. 31.3% of Eco Wave Power Global AB (publ) shares are held by company insiders. Comparatively, 21.7% of shares of all “Independent Power & Renewable Electricity Producers” companies are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Analyst Ratings

This is a summary of recent ratings and recommmendations for Eco Wave Power Global AB (publ) and its rivals, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Eco Wave Power Global AB (publ)	1	0	1	1	2.67
Eco Wave Power Global AB (publ) Competitors	961	2980	3812	187	2.41

Eco Wave Power Global AB (publ) currently has a consensus target price of $10.00, suggesting a potential upside of 129.89%. As a group, “Independent Power & Renewable Electricity Producers” companies have a potential upside of 151.26%. Given Eco Wave Power Global AB (publ)’s rivals higher probable upside, analysts clearly believe Eco Wave Power Global AB (publ) has less favorable growth aspects than its rivals.

Risk and Volatility

Eco Wave Power Global AB (publ) has a beta of -0.39, meaning that its share price is 139% less volatile than the S&P 500. Comparatively, Eco Wave Power Global AB (publ)’s rivals have a beta of 0.62, meaning that their average share price is 38% less volatile than the S&P 500.

Valuation & Earnings

This table compares Eco Wave Power Global AB (publ) and its rivals top-line revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Eco Wave Power Global AB (publ)	$40,000.00	-$3.70 million	-7.25
Eco Wave Power Global AB (publ) Competitors	$6.31 billion	$816.69 million	-5.74

Eco Wave Power Global AB (publ)’s rivals have higher revenue and earnings than Eco Wave Power Global AB (publ). Eco Wave Power Global AB (publ) is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.

Profitability

This table compares Eco Wave Power Global AB (publ) and its rivals’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Eco Wave Power Global AB (publ)	N/A	-48.56%	-34.95%
Eco Wave Power Global AB (publ) Competitors	-33.53%	10.63%	0.87%

Summary

Eco Wave Power Global AB (publ) rivals beat Eco Wave Power Global AB (publ) on 9 of the 13 factors compared.

About Eco Wave Power Global AB (publ)

Eco Wave Power Global AB (publ), a wave energy company, engages in the development of a wave energy conversion (WEC) technology that converts ocean and sea waves into clean electricity. The company also holds various agreements comprising power purchase agreements, concession agreements, and other agreements worldwide with pipeline of projects with approximately 404.7 megawatts. It has operations in the United States, Sweden, Israel, the British Overseas Territory of Gibraltar, Greece, Portugal, China, Australia, 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.