Built from weaker models, sales multiples or analyst targets, so treat it as a rough guide.
Not used by alerts or posts.
Treated as a utility. None of the usual models had enough data, so this uses Analyst consensus and Net asset value instead.
ACCE opinionEco Wave Power Global AB (publ) American Depositary Shares (WAVE)
Fair value
Not available
ACCE price target
$3.69
Rating
Not rated
Horizon
12 months
ACCE price target published on 15 Oct 2026, 00:00 CEST.
Price used: $4.82 at the close on 23 Oct 2026, 22:00 CEST.
Models: Analyst consensus and Net asset value.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
19
out of 100
Analysts
100% buy
2 covering
P/E
0.0x
forward 0.0x
1-year return
-39.9%
Dividend yield
0.00%
Eco Wave Power Global AB (publ) American Depositary Shares in four questions
Plain answers, details below
Free accounts get 5 full stock pages a month, including the four answers.
Overview
ACCE thesis
Eco Wave Power is a Swedish-listed developer of wave energy converters, a floating-buoy system that sits on the shoreline and feeds power into the grid through a hydraulic and generator stack, with projects in Israel, Portugal and the US. The case for a deeper look rests on being an early commercial entrant in a technology with no established competitor, but the financials argue hard against it: revenue fell 77.4% year on year, the operating margin is around negative 7,600%, and the return on equity is negative 48.1%. The gross margin of 57.9% suggests the units that do sell are priced acceptably, so the problem is scale and fixed cost rather than unit economics. A near-term catalyst would have to be a signed, financed utility-scale offtake or a project reaching commercial operation that restores revenue, and the score of 21/100 on a 33M USD market cap says the market is not yet paying for that. This is a name to watch for a project milestone, not one to underwrite on current numbers.