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Eco Wave Power Global AB ADR WAVE · USD

Information Technology · US listing · 🇺🇸 United States

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4.57

+3.86%

Close of 9 Nov 2026, in USD

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About Eco Wave Power Global AB ADR

Its shares trade under the ticker WAVE. It has been listed since 1 July 2021. In the fiscal year to 31 December 2024, it reported revenue of $168,000 and a net loss of $2.1m. At that date it held total assets of $10.7m and shareholders' equity of $8.5m.

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, turnkey 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, India, 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. The company was founded in 2011 and is headquartered in Tel Aviv-Yafo, Israel.

Figures and description from our data supplier, not checked against the company's own report.

Company facts

Sector
Information Technology
Industry
Software
Listed since
1 Jul 2021
Employees
10
Head office
7A STRANDVAGEN, STOCKHOLM, V7, 11456
Incorporated in
V7
Classification
Electric Services
Filer status
Non-accelerated filer<br>Emerging growth company

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • Develops wave energy conversion technology for clean electricity generation worldwide.
  • Operates in multiple countries including United States, Taiwan, Sweden, and Israel.
  • Has a pipeline of projects totaling 404.7 megawatts with various agreements.

Weaknesses

  • Limited to 10 employees for global operations and project management.
  • Relies on wave energy conversion technology which is less established than solar or wind.
  • Operates in a niche market with limited competition in wave energy.

Opportunities

  • Expands into new markets like Mexico, India, and Portugal with existing agreements.
  • Growth in global demand for renewable energy sources such as wave power.
  • Partnerships with countries seeking clean energy solutions for coastal areas.

Threats

  • Dependence on wave energy technology which faces technical challenges in energy conversion.
  • Regulatory changes in countries like Taiwan and Portugal affecting renewable energy projects.
  • Competition from established renewable energy sectors such as solar and wind power.

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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