Eco Wave Power Global AB (publ) (WAVE) & Its Peers Financial Contrast

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 contrast to its peers? We will compare Eco Wave Power Global AB (publ) to related companies based on the strength of its analyst recommendations, institutional ownership, dividends, valuation, earnings, profitability and risk.

Profitability

This table compares Eco Wave Power Global AB (publ) and its peers’ 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%

Insider and Institutional Ownership

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

Volatility and Risk

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

Earnings and Valuation

This table compares Eco Wave Power Global AB (publ) and its peers gross revenue, earnings per share (EPS) 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 peers 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 peers, indicating that it is currently more affordable than other companies in its industry.

Analyst Ratings

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

	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, indicating 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 peers higher probable upside, analysts clearly believe Eco Wave Power Global AB (publ) has less favorable growth aspects than its peers.

Summary

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

Eco Wave Power Global AB (publ) Company Profile

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.