Eco Wave Power Global AB (publ) (WAVE) versus Its Competitors Financial Survey

Eco Wave Power Global AB (publ) (NASDAQ:WAVEGet Rating) is one of 84 publicly-traded companies in the “Electric services” industry, but how does it weigh in compared to its competitors? We will compare Eco Wave Power Global AB (publ) to related businesses based on the strength of its analyst recommendations, risk, institutional ownership, profitability, earnings, dividends and valuation.

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 -19.02% -16.55%
Eco Wave Power Global AB (publ) Competitors -10.48% 7.44% 2.29%

Valuation & Earnings

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) $30,000.00 -$2.35 million -7.61
Eco Wave Power Global AB (publ) Competitors $8.89 billion $484.23 million 15.81

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.

Insider & Institutional Ownership

66.9% of shares of all “Electric services” companies are owned by institutional investors. 2.4% of shares of all “Electric services” companies are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.

Analyst Ratings

This is a breakdown of recent recommendations for Eco Wave Power Global AB (publ) and its competitors, as reported by MarketBeat.com.

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 538 3271 3073 59 2.38

As a group, “Electric services” companies have a potential upside of 19.33%. 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.

Summary

Eco Wave Power Global AB (publ) competitors beat Eco Wave Power Global AB (publ) on 8 of the 9 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 327.7 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 Tel Aviv-Yafo, Israel.

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