Eco Wave Power Global AB (publ) (NASDAQ:WAVE) Upgraded at Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of Eco Wave Power Global AB (publ) (NASDAQ:WAVE – Free Report) to a hold rating in a research note issued to investors on Saturday morning.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Eco Wave Power Global AB (publ) in a research note on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Get Our Latest Stock Analysis on Eco Wave Power Global AB (publ)

Eco Wave Power Global AB (publ) Stock Down 2.7%

NASDAQ:WAVE opened at $7.61 on Friday. The firm’s fifty day simple moving average is $8.68 and its 200-day simple moving average is $6.99. The stock has a market cap of $42.24 million, a PE ratio of -11.19 and a beta of -0.38. Eco Wave Power Global AB has a fifty-two week low of $4.52 and a fifty-two week high of $10.87.

Eco Wave Power Global AB (publ) (NASDAQ:WAVE – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.02.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Eco Wave Power Global AB (publ) stock. SmartHarvest Portfolios LLC increased its holdings in Eco Wave Power Global AB (publ) Unsponsored ADR (NASDAQ:WAVE – Free Report) by 60.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 21,396 shares of the company’s stock after buying an additional 8,035 shares during the period. SmartHarvest Portfolios LLC owned about 0.37% of Eco Wave Power Global AB (publ) worth $135,000 as of its most recent filing with the SEC. 0.57% of the stock is owned by institutional investors.

Eco Wave Power Global AB (publ) Company Profile

(Get Free Report)

Eco Wave Power Global AB (publ) develops and commercializes technology that harnesses the energy of ocean and sea waves to generate electricity. The company’s modular, floating wave energy converters attach to existing maritime structures such as breakwaters and piers, converting vertical wave motion into electrical power through hydraulic systems and generators. This approach is designed to minimize environmental impact while delivering a predictable renewable energy source.

Founded in 2011 by CEO Inna Braverman, Eco Wave Power has secured patent protection for its core wave energy technology and completed its first grid-connected installation in Gibraltar in 2016.

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