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Eco Wave Power Global AB ADR

Company price
4.67 USD 0.21 ( 4.71%)
Last update at 2026-11-11T21:00:00Z
VOLUME
17359
Market Cap
37.85M

Momentum Score

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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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Day Price Range
4.22
Low
4.67
High
52 Week Price Range
2.20
Low
17.63
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Eco Wave Power Global AB (ADR) develops wave-energy converters that attach to coastal and offshore structures to generate electricity from ocean waves. Long-term growth drivers include global decarbonization and demand for diversified renewables, commercialization and scaling of its technology, and potential licensing or partnerships with infrastructure owners that could support deployment.

Key risks are early-stage technology and commercialization, limited operating track record and revenues, project execution and permitting hurdles, and ongoing financing needs that could constrain growth.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
4.46
Dividend Yield
-
Revenue TTM
0.17M
Revenue Per Share
0.03
Gross Profit TTM
0.13M
Debt / Equity
0.16
ROE
-28.32%
Net Debt
-6.50M
ROCE
-42.47%
Diluted EPS TTM
-0.40

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax -2.90M -2.35M -2.21M -1.94M -0.90M
Minority interest 0.00M 0.00M -0.14M 0.08M 0.41M
Net income -2.14M -2.40M -2.21M -2.02M -0.85M
Selling general administrative 2.35M 2.67M 1.45M 1.07M 4.70M
Selling and marketing expenses 0.27M 0.15M 0.08M - -
Gross profit 0.00M 0.00M - -0.40M -0.31M
Reconciled depreciation 0.21M 0.25M 1.14M 0.21M 0.20M
Ebit -3.59M -3.06M -2.04M -1.88M -8.54M
Ebitda -3.41M -2.83M -2.01M -1.26M -0.85M
Depreciation and amortization 0.18M 0.23M 0.03M 0.62M -
Operating income -3.59M -3.06M -2.04M -1.88M -0.85M
Other operating expenses 3.61M 3.09M 2.04M 1.34M 0.95M
Interest expense 0.05M 0.05M 0.06M 0.08M 0.00M
Tax provision 0.00M 0.00M 0.01M - -
Interest income 0.00M - - 0.22M 0.39M
Net interest income -0.06M -0.07M -1.39M -0.54M 0.38M
Income tax expense -0.76M 0.05M 0.00M 0.08M -0.04M
Total revenue 0.03M 0.03M 0.00M 0.00M 0.01M
Total operating expenses 3.59M 3.06M 2.04M 0.94M 0.63M
Cost of revenue 0.02M 0.03M - 0.40M 0.32M
Total other income expense net 0.69M 0.71M -0.17M -0.06M -0.04M
Net income from continuing ops -2.90M -2.35M -18.13M -18.12M -8.19M
Net income applicable to common shares -2.90M -2.35M -1.96M -2.00M -7.65M
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Type yearly yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Total assets 10.68M 10.01M 11.92M 16.65M 12.68M
Other current assets 0.28M 0.08M 0.06M 0.40M 0.14M
Total liab 2.38M 2.21M 2.04M 1.91M 1.90M
Total stockholder equity 8.46M 7.95M 9.87M 14.73M 10.78M
Other current liab 0.97M 0.96M 0.73M 0.51M 0.44M
Common stock 0.10M 0.10M 0.10M 0.10M 0.09M
Capital stock 0.10M 0.10M 0.10M 0.10M 0.09M
Retained earnings -15.07M -12.99M -11.28M -8.38M -6.50M
Other assets - - - 0.00M 0.00M
Cash 7.84M 4.34M 5.29M 14.62M 10.72M
Total current liabilities 2.24M 2.13M 1.86M 0.90M 0.58M
Current deferred revenue - 0.00M - - -
Net debt -6.50M -3.14M -4.06M -13.26M -9.30M
Short term debt 1.20M 1.12M 1.05M 0.35M 0.10M
Short long term debt 1.10M 1.04M 0.97M 0.22M 0.00M
Short long term debt total 1.34M 1.20M 1.24M 1.36M 1.41M
Other stockholder equity 25.80M 23.12M 23.12M 23.12M 17.16M
Property plant equipment - - 0.89M 1.29M 1.68M
Total current assets 9.45M 8.76M 10.52M 15.08M 11.00M
Long term investments 0.48M 0.53M 0.51M 0.27M -
Net tangible assets - - 9.87M 14.73M 10.79M
Short term investments 1.25M 4.10M 5.00M - -
Net receivables 0.07M 0.23M 0.01M 0.06M 0.10M
Long term debt 0.05M 0.08M 0.10M 1.01M 9.79M
Inventory 0.00M 0.00M - - -
Accounts payable 0.07M 0.05M 0.07M 0.05M 0.04M
Accumulated other comprehensive income -2.37M -2.28M -2.06M -0.10M 0.02M
Non currrent assets other - - - -0.00M -
Non current assets total 1.24M 1.25M 1.40M 1.57M 1.68M
Capital lease obligations 0.19M 0.09M 0.17M 0.13M 1.79M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -5.30M -0.12M 0.05M -0.08M 0.01M
Change to liabilities 0.09M 0.09M -0.34M 0.78M -0.28M
Total cashflows from investing activities -5.30M -0.13M -0.13M -0.24M -0.74M
Net borrowings -0.32M -0.10M -0.10M 0.00M 0.25M
Total cash from financing activities -0.32M 7.86M -0.11M 13.04M 0.84M
Change to operating activities - -1.87M 0.27M -0.80M 0.57M
Net income -2.90M -2.35M -2.21M -1.94M -0.91M
Change in cash -9.33M 3.89M -2.58M 11.41M -0.07M
Begin period cash flow 14.62M 10.73M 13.29M 0.25M 3.40M
End period cash flow 5.29M 14.62M 10.72M 11.66M -0.07M
Total cash from operating activities -2.46M -2.53M -2.36M -1.40M -0.91M
Issuance of capital stock 0.00M 7.96M 0.00M 13.86M 0.74M
Depreciation 0.21M 0.25M 0.14M 0.02M 0.20M
Other cashflows from investing activities - - - - -0.00M
Change to account receivables -0.04M -0.24M 0.03M -0.10M -0.03M
Other cashflows from financing activities -0.20M -0.13M -0.15M -0.81M -0.98M
Change to netincome 0.18M -0.28M 0.04M 0.09M -0.52M
Capital expenditures 0.00M 0.01M 0.20M 0.16M 0.75M
Change in working capital 0.05M -0.16M -0.35M 0.51M -0.06M
Other non cash items 0.18M -0.28M 0.06M 0.00M 0.06M
Free cash flow -2.46M -2.54M -2.56M -1.56M -0.91M

Peer Comparison*

Sector: Utilities Industry: Utilities - Renewable

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
WAVE
Eco Wave Power Global AB ADR
0.21
4.71%
4.67 - - 225.32 4.82 182.50 -3.59
DNNGY
Orsted A/S ADR
-0.08
1.12%
7.08 83.60 25.45 0.46 1.47 3.58 11.21
OEZVY
Verbund AG ADR
-0.17
1.07%
15.68 10.72 13.53 2.57 3.06 2.51 6.50
FOJCF
Fortum Oyj
-
-%
25.64 26.44 18.35 4.62 2.14 4.15 15.15
AXICY
AXIA Energia SA
0.09
1.00%
8.60 10.18 20.75 0.55 1.00 3.90 16.47

Profile*

Eco Wave Power Global AB ADR

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.

52 Derech Menachem Begin Street, Tel Aviv, Israel, 6713701

972 3 509 4017

12

Name Title Year Born
Ms. Inna Braverman Founder, CEO & Director 1986
Mr. Aharon Yehuda Chief Financial Officer 1963
Mr. Pedro Ernesto Ferreira Head of Portuguese Operations NA
Mr. David Leb Founder & Independent Director 1962

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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