Eco Wave Power Global AB chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 0.00
Dividend & YieldN/A$ (N/A)
Beta N/A
Market capitalization 23.09M
Operating cash flow -1.75M
ESG Scores unknown

Company description

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.

Sector: Utilities - Industry: Utilities—Renewable

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities -278k 782k -342k 85k
Total Cashflows From Investing Activities -738k -236k -129k -130k
Net Borrowings 247k 1k -96k -103k
Total Cash From Financing Activities 7.56M 12.88M -96k 7.86M
Change To Operating Activities 575k
Issuance Of Stock 7.31M 13.86M 9.2M 9.2M
Net Income -7.65M -2M -1.96M -2.35M
Change In Cash -941k 11.44M -968k 3.89M
Effect Of Exchange Rate 136k -13k 1.36M -1.31M
Total Cash From Operating Activities -7.9M -1.19M -2.11M -2.53M
Depreciation 200k 38k 123k 248k
Change To Account Receivables -227k -100k 28k -241k
Other Cashflows From Financing Activities -979k -979k -1.24M -1.24M
Change To Netincome -521k 90k 43k -275k
Capital Expenditures -746k -154k -177k -13k

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development 184k 184k 366k 670k
Income Before Tax -8.17M -2.03M -1.97M -2.35M
Net Income -7.65M -2M -1.96M -2.35M
Selling General Administrative 5.6M 1.76M 1.45M 2.39M
Gross Profit -2.74M -3.77M 4k
Ebit -8.54M -1.95M -1.82M -3.06M
Operating Income -8.54M -1.95M -1.82M -3.06M
Interest Expense -8k -28k -54k -53k
Income Tax Expense 1k
Total Revenue 31k
Cost Of Revenue 2.74M 3.77M 27k
Total Other Income ExpenseNet 376k -83k -151k 713k
Net Income From Continuing Ops -8.17M -2.03M -1.97M -2.35M
Net Income Applicable To Common Shares -7.65M -2M -1.96M -2.35M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 14.64M 2.2M 1.9M 1.91M
Total Stockholder Equity -1.52M 11.33M 10.79M 14.73M
Other Current Liabilities 630k 38k 103k 82k
Total Assets 13.53M 13.54M 12.7M 16.65M
Common Stock 2k 75.36k 76k 98k
Other Current Assets 250k 110.04k 139k 399k
Retained Earnings -22.97M -3.77M -6.04M -8.38M
Treasury Stock -63k -47.63k 1.58M -103k
Cash 2.31M 11.67M 10.73M 14.62M
Total Current Liabilities 914k 889.01k 585k 903k
Other Stockholder Equity -63k -47.63k 1.58M -103k
Property, Plant, and Equipment 9.83M 1.54M 1.68M 1.29M
Total Current Assets 3.7M 12M 11.02M 15.08M
Net Tangible Assets -1.52M 11.33M 10.79M 14.73M
Net Receivables 883k 160.78k 81k 26k
Accounts Payable 97k 517.78k 43k 46k


Insider Transactions

Here are the insider transactions of stock shares related to Eco Wave Power Global AB:

Filer Name Transaction Text Ownership Date Filer Relation Shares
NO DATA

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Eco Wave Power Global AB. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Eco Wave Power Global AB

Here is the result of two systematic investment strategies applied to Eco Wave Power Global AB. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Eco Wave Power Global AB

The following chart shows the equity curve of the two systematic investment strategies applied to Eco Wave Power Global AB:

Eco Wave Power Global AB automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 0% on the backtest period.

Performance at glance

Performance

0 %

Latent gain

0.0 $

Invested capital

0.0 $

Annualized return

0.0 %
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Momentum strategy results on Eco Wave Power Global AB

This is the result of two momentum investment strategies applied to Eco Wave Power Global AB. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Eco Wave Power Global AB

The following chart shows all the entries opened by the momentum investment system on Eco Wave Power Global AB:

Eco Wave Power Global AB momentum entries
  • The first momentum investment strategy would give 0% of return on Eco Wave Power Global AB. That represents 0.0$ of latent gain with 0.0$ of employed capital.
  • The second momentum investment strategy would give 0% of return on Eco Wave Power Global AB. That represents 0.0$ of latent gain with 0.0$ of employed capital.
Performance at glance (1Q Momentum)

Performance

0 %

Latent gain

0.0 $

Invested capital

0.0 $

Annualized return

-0.0 %
Performance at glance (2Q Momentum)

Performance

0 %

Latent gain

0.0 $

Invested capital

0.0 $

Annualized return

-0.0 %

Momentum equity curve on Eco Wave Power Global AB

The following chart shows the equity curve of the two momentum strategies applied to Eco Wave Power Global AB:

Eco Wave Power Global AB momentum equity

Note: the dividends potentially given by Eco Wave Power Global AB are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Eco Wave Power Global AB

The following chart shows the employed capital evolution of the two momentum strategies on Eco Wave Power Global AB since the beginning:

Eco Wave Power Global AB

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Eco Wave Power Global AB

Buy the dip entry openings on Eco Wave Power Global AB

Eco Wave Power Global AB

The performance achieved by the robo-advisor on Eco Wave Power Global AB is 0%. That represents 0.0$ of latent gain with 0.0$ of employed capital. The following chart shows Eco Wave Power Global AB stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Eco Wave Power Global AB, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

0 %

Latent gain

0.0 $

Invested capital

0.0 $

Annualized return

-0.0 %

Equity curve of the strategy applied to Eco Wave Power Global AB

The following chart shows the result of the investment strategy applied to Eco Wave Power Global AB:

Eco Wave Power Global AB

Note: the dividends potentially given by Eco Wave Power Global AB are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Eco Wave Power Global AB

The following chart shows the employed capital evolution since the beginning of the investment strategy on Eco Wave Power Global AB:

Eco Wave Power Global AB

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Eco Wave Power Global AB

In this section, I will compare the three previous investment strategies applied to Eco Wave Power Global AB.

Equity curve comparison on Eco Wave Power Global AB

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Eco Wave Power Global AB investment strategy comparison

Employed capital comparison on Eco Wave Power Global AB

Eco Wave Power Global AB investment comparison

Performance comparison on Eco Wave Power Global AB

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 0% 0.0$ 0.0$ 0.0%
Momentum 1 quarter 0% 0.0$ 0.0$ -0.0%
Momentum 2 quarters 0% 0.0$ 0.0$ -0.0%
Non-directional 0% 0.0$ 0.0$ -0.0%
Annualized return comparison

Automatic investment

0.0 %

Momentum 1Q

-0.0 %

Momentum 2Q

-0.0 %

Non-directional

-0.0 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Eco Wave Power Global AB:

Positive correlations

Most correlated stocks this year


Most correlated stocks last 3 months

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

Note: The algorithm computes the probability of correlation between Eco Wave Power Global AB and the other stocks. There may be false positives or some missing correlated stocks. If the price of Eco Wave Power Global AB does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name Eco Wave Power Global AB
Country Israel
City Tel Aviv
Address 52 Derech Menachem Begin Street
Phone 972 3 509 4017
Website www.ecowavepower.com
FullTime employees 14
Industry Utilities—Renewable
Sector Utilities
Exchange XNAS
Ticker WAVE
Market www.nasdaq.com

Eco Wave Power Global AB ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown