Overview
Sweden wave energy firm's 2025 operating expenses rose 28% to $3.15 mln on global expansion
Company completed first U.S. wave energy pilot and submitted final report to Shell
Q4 operating expenses fell 24% from Q3 as key milestones were achieved
Outlook
Company plans targeted R&D in 2026, including upgrades to hydraulic components and automation software
Eco Wave Power expects Portugal project timeline may be affected by breakwater assessment and repairs
Company intends to prioritize other large-scale projects while Portugal site assessment is ongoing
Result Drivers
INCREASED INVESTMENT - Full-year operating expenses rose due to higher spending on R&D, sales, and administration to support global expansion and technology development
COST MANAGEMENT - Q4 operating expenses fell 24% from Q3 as the company achieved key project milestones and improved cost discipline
PROJECT MILESTONES - Completion of first U.S. pilot, record generation at Israeli site, and progress in Portugal and Taiwan drove operational focus
Company press release: ID:nNFCbnCYQG
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
FY Operating Expenses | $3.15 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the electric utilities peer group is "buy"
Wall Street's median 12-month price target for Eco Wave Power Global AB (publ) is $14.50, about 138.1% above its March 11 closing price of $6.09
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)