Eco Wave Power Global AB (publ) – Company Profile
- Company Name: Eco Wave Power Global AB (publ)
- Industry: Utilities – Renewable
- Sector: Utilities
- Address: 52 Derech Menachem Begin Street, Tel Aviv, 6713701, Israel
- Phone: 972 3 509 4017
- Website: https://www.ecowavepower.com
Eco Wave Power Global AB is a wave energy company that specializes in the development of a wave energy conversion (WEC) technology. The company's technology converts ocean and sea waves into clean electricity.
Key Highlights:
- Operates a grid-connected wave energy array in Gibraltar under a power purchase agreement with the Government of Gibraltar and Gibraltar's National Electric Company.
- Holds various agreements including power purchase agreements, concession agreements, and other agreements worldwide with a pipeline of projects totaling approximately 404.7 megawatts.
- Headquartered in Tel Aviv, Israel with operations in Sweden, Gibraltar, Portugal, China, Australia, and Mexico.
Financial Summary
- Previous Close: $1.05
- Open: $1.05
- Bid: $1.33 x 1000
- Ask: $1.39 x 800
- Day's Range: $1.03 – $1.05
- 52 Week Range: $1.01 – $3.33
- Volume: 8,504
- Average Volume: 8,980
- Market Cap: $5.76 million
- Beta (5Y Monthly): -0.16
- PE Ratio (TTM): N/A
- EPS (TTM): -$0.28
- Earnings Date: N/A
- Forward Dividend & Yield: N/A (N/A)
- Ex-Dividend Date: N/A
- 1y Target Est: N/A
Company Officers
- Founder, CEO & Director: Ms. Inna Braverman (Age: 37)
- Chief Financial Officer: Mr. Aharon Yehuda (Age: 60)
- Head of Portuguese Operations: Mr. Pedro Ernesto Ferreira
Financial Analysis
Eco Wave Power Global AB (publ) is a wave energy company that operates a grid-connected wave energy array in Gibraltar and holds various agreements worldwide. Despite the company's promising technology, it is currently facing financial challenges.
- The company's stock price has experienced a significant decline over the past year, with a 52-week range of $1.01 to $3.33. The current stock price is $1.05.
- The company's financials show a negative trailing EPS of -$0.28 and no forward dividend or yield.
- Eco Wave Power Global AB (publ) has a market cap of $5.76 million and a beta of -0.16, indicating a lower volatility compared to the market.
- The company's average volume is 8,980, indicating moderate trading activity.
Future Outlook
Eco Wave Power Global AB (publ) has significant potential in the renewable energy sector with its innovative wave energy conversion technology. However, the company needs to address its financial challenges to ensure its long-term success.
- The company's pipeline of projects totaling approximately 404.7 megawatts provides a strong growth opportunity if successfully executed.
- Eco Wave Power Global AB (publ) should focus on securing additional power purchase agreements and concession agreements to generate consistent revenue.
- The company's management team, led by Ms. Inna Braverman, has a track record of innovation and entrepreneurship, which could help drive future growth and success.
Overall, while the company faces financial challenges, its innovative technology and growth potential make it an interesting investment opportunity for long-term investors. However, potential investors should carefully assess the company's financials and market conditions before making any investment decisions.
