Eco Wave Power Global AB (publ) (WAVE) vs. Its Competitors Critical Comparison

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

Institutional and Insider Ownership

0.6% of Eco Wave Power Global AB (publ) shares are owned by institutional investors. Comparatively, 36.0% of shares of all “Independent Power & Renewable Electricity Producers” companies are owned by institutional investors. 21.5% of shares of all “Independent Power & Renewable Electricity Producers” companies are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.

Analyst Recommendations

This is a summary of current recommendations and price targets for Eco Wave Power Global AB (publ) and its competitors, as provided 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	963	2985	3824	188	2.41

Eco Wave Power Global AB (publ) currently has a consensus price target of $10.00, indicating a potential upside of 118.82%. As a group, “Independent Power & Renewable Electricity Producers” companies have a potential upside of 137.79%. Given Eco Wave Power Global AB (publ)’s competitors higher possible upside, analysts plainly believe Eco Wave Power Global AB (publ) has less favorable growth aspects than its competitors.

Profitability

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

Volatility & Risk

Eco Wave Power Global AB (publ) has a beta of -0.39, indicating that its stock price is 139% less volatile than the S&P 500. Comparatively, Eco Wave Power Global AB (publ)’s competitors have a beta of 0.62, indicating 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 competitors 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	-8.79
Eco Wave Power Global AB (publ) Competitors	$6.24 billion	$816.69 million	1.56

Eco Wave Power Global AB (publ)’s competitors 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 competitors, indicating that it is currently more affordable than other companies in its industry.

Summary

Eco Wave Power Global AB (publ) competitors beat Eco Wave Power Global AB (publ) on 10 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.