Eco Wave Power Global AB (publ) (WAVE) versus Its Peers Head-To-Head Contrast

Eco Wave Power Global AB (publ) (NASDAQ:WAVEGet Rating) is one of 85 publicly-traded companies in the “Electric services” industry, but how does it compare to its peers? We will compare Eco Wave Power Global AB (publ) to similar businesses based on the strength of its valuation, profitability, analyst recommendations, dividends, earnings, risk and institutional ownership.

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 -19.02% -16.55%
Eco Wave Power Global AB (publ) Competitors -10.36% 7.53% 2.31%

Earnings and Valuation

This table compares Eco Wave Power Global AB (publ) and its peers gross revenue, earnings per share and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Eco Wave Power Global AB (publ) $30,000.00 -$2.35 million -8.57
Eco Wave Power Global AB (publ) Competitors $9.01 billion $494.64 million 17.73

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 current ratings 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) 0 0 0 0 N/A
Eco Wave Power Global AB (publ) Competitors 928 4188 3506 105 2.32

As a group, “Electric services” companies have a potential upside of 7.37%. Given Eco Wave Power Global AB (publ)’s peers higher possible upside, analysts clearly believe Eco Wave Power Global AB (publ) has less favorable growth aspects than its peers.

Institutional & Insider Ownership

67.2% of shares of all “Electric services” companies are held by institutional investors. 31.3% of Eco Wave Power Global AB (publ) shares are held by company insiders. Comparatively, 2.2% of shares of all “Electric services” companies are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.

Summary

Eco Wave Power Global AB (publ) peers beat Eco Wave Power Global AB (publ) on 6 of the 8 factors compared.

Eco Wave Power Global AB (publ) Company Profile (Get Rating)

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. It also operates a grid-connected wave energy array in Gibraltar under a power purchase agreement with the Government of Gibraltar and Gibraltar's National Electric Company. The company also holds various agreements comprising power purchase agreements, concession agreements, and other agreements worldwide with pipeline of projects with approximately 262.7 megawatts. It has operations in Sweden, Israel, Portugal, China, Gibraltar, Australia, and Mexico. 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 Stockholm, Sweden.

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