Eco Wave Power Global AB (publ)
WAVEUtilitiesNASDAQUtilities - Renewable · Last scanned Oct 24, 2026
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Daily timeframeHeadquartered within the utilities sector, Eco Wave Power Global AB (publ) focuses on Utilities - Renewable services and products. 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. At a $30.1M market cap, Eco Wave Power Global AB (publ) ranks as a micro-cap company within utilities. 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
$30.1M
Beta
-0.43
P/E (TTM)
—
P/E (Fwd)
-6.74
EPS (TTM)
$-0.66
EPS (Fwd)
$-0.71
ROE
-48.1%
ROA
-18.5%
Cash
$8.2M
Total Debt
$1.3M
Free CF
-$2.0M
52W Change
-39.8%
Annual Financials
Cash vs Debt
Where WAVE stands vs its 150-day and 200-day moving averages
As of the October 20, 2026 close, WAVE finished 29.66% below its 150-day moving average ($7.25) and 24.67% below its 200-day moving average ($6.77). 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 October 20, 2026 close, WAVE's RSI(14) was 24.8, in oversold territory (below 30). 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. Free cash flow is running at -$2.0M, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. Return on equity stands at -48.1%, which is negative for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. Revenue has been uneven over recent years, ranging from $26K to $38K.
With a beta below 0.7, Eco Wave Power Global AB (publ) typically sees smaller price swings than the overall market, offering a degree of stability during turbulent periods. 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. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Eco Wave Power Global AB (publ)'s trajectory.