Eco Wave Power Global AB (publ)
WAVEUtilitiesNASDAQUtilities - Renewable · Last scanned Sep 8, 2026
Scan Results
Daily timeframeEco 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 carries a $36.8M market cap, placing it firmly in the micro-cap category. 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.
Market Cap
$36.8M
Beta
-0.36
P/E (TTM)
—
P/E (Fwd)
-8.24
EPS (TTM)
$-0.64
EPS (Fwd)
$-0.71
ROE
-48.1%
ROA
-18.5%
Cash
$8.2M
Total Debt
$1.3M
Free CF
-$2.0M
52W Change
-33.5%
Annual Financials
Cash vs Debt
Where WAVE stands vs its 150-day and 200-day moving averages
As of the September 3, 2026 close, WAVE finished 14.21% below its 150-day moving average ($7.11) and 11.59% below its 200-day moving average ($6.90). This snapshot is end-of-day data shown with a five-trading-day delay on the free plan; Premium members see readings from the latest close.
Is WAVE overbought or oversold?
At the September 3, 2026 close, WAVE's RSI(14) was 31.1, in neutral territory (between 30 and 70). The MACD histogram was negative, so short-term momentum leaned bearish at that close. These readings are historical, refresh daily after market close, and are not investment advice.
The balance sheet looks solid with $8.2M in cash comfortably exceeding the $1.3M debt load. A net cash position generally provides financial flexibility during uncertain economic periods. The company is burning cash, with free cash flow at -$2.0M. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. ROE of -48.1% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Revenue has been uneven over recent years, ranging from $26K to $38K.
The relatively low beta of -0.36 suggests WAVE is a less volatile holding compared to the broader index. The strong cash position relative to debt provides a financial cushion that reduces balance sheet risk. Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for Eco Wave Power Global AB (publ) and its sector.