Eco Wave Power Global Ab (Publ) Stock Price, News & Analysis

Eco Wave Power announced that its Founder and CEO, Inna Braverman, will speak at The Atlantic's The Next Scientific Revolution event on June 28, 2022, in New York. The event will focus on scientific advancements and their implications for a sustainable future. Braverman will participate in a panel discussing energy solutions for a greener tomorrow, alongside other innovators. Eco Wave Power specializes in transforming ocean waves into renewable energy and is recognized for its pioneering technology in this field. Registration is free and available online.

Eco Wave Power Global AB (Nasdaq: WAVE) released its Annual Report 2021, detailing advancements in wave energy technology aimed at combating climate change. The company is recognized as a Pioneering Technology by the Israeli Ministry of Energy and has secured funding from the EU for its Gibraltar project. The report highlights the company's commitment to green electricity production and its accolades, including the Global Climate Action Award from the United Nations. The full report is accessible in both English and Swedish.

On June 2, 2022, Inna Braverman, CEO of Eco Wave Power (WAVE), presented at the Israel-Greece Conference, discussing innovative wave energy technology. She highlighted plans for a 1 MW project in Halki, Greece, aiming for a 100% renewable energy status. The project is co-funded by the EU's NESOI program. Braverman emphasized that wave energy could supply 10% of Europe's electricity by 2050 and outlined future projects in Israel and the U.S. Eco Wave Power is recognized for its pioneering technology, contributing to climate change solutions.

Eco Wave Power Global AB (Nasdaq: WAVE) has called its annual general meeting to be held on June 30, 2022, with postal voting as the only method for participation. Shareholders must register by June 21, 2022, and submit votes by June 29, 2022. The agenda includes the approval of financial statements, election of board members, and authorizations for share capital increases. Notably, no dividend will be paid for 2021, and amendments to warrant terms are proposed. Details will be confirmed post-AGM.

Eco Wave Power Global AB (WAVE) reported its financial results for Q1 2022, with revenues of SEK 0.24 million (USD 26,000), down from SEK 0.26 million (USD 31,000) in Q1 2021. Operating loss increased to SEK 8.4 million (USD 890,000) compared to SEK 4.5 million (USD 530,000) in the previous year. Net loss for the period rose to SEK 6.7 million (USD 720,000), leading to a loss per share of SEK 0.15. The company has a cash balance of SEK 127.9 million (USD 13.8 million). Strategic projects are progressing in Israel, Los Angeles, Portugal, and Spain, with plans to connect its EWP-EDF One project to Israel's power grid.

Eco Wave Power Global AB has announced its delisting from the Nasdaq First North Growth Market, effective June 14, 2022. Following a formal application on May 25, 2022, its common shares will cease trading on June 13, 2022. From that date, only American Depositary Shares (ADSs) under the ticker WAVE will be listed on the Nasdaq Capital Market. Shareholders can convert common shares to ADSs free of charge until August 23, 2022. This move aims to streamline operations, reduce costs, and enhance liquidity for global shareholders.

Eco Wave Power Global AB (NASDAQ: WAVE, ECOWVE) announced its formal application for delisting from the Nasdaq First North Growth Market in Sweden, following its initial announcement on February 25, 2022. This transition aims to consolidate trading on the Nasdaq Capital Market in the U.S., which Eco Wave Power believes will enhance its corporate profile and improve liquidity. Shareholders can convert their common shares into American Depositary Shares (ADSs) free of charge for 90 days post-application.

Eco Wave Power Global AB (publ) (Nasdaq: WAVE) announced its participation in the H.C. Wainwright Global Investment Conference, taking place from May 23-26, 2022. CEO Inna Braverman will present virtually on May 24 at 7:00 a.m. ET. Additionally, one-on-one meetings with management are available on May 23 and 25. Eco Wave Power is a leader in clean energy, focusing on wave power technology. The company has received various recognitions, including funding from the EU and a Global Climate Action Award from the UN.

Eco Wave Power Global AB, a leader in wave energy technology, announced plans for a 2 MW wave energy project at Port Adriano, Mallorca, following a recent site visit by CEO Inna Braverman. This marks Eco Wave Power's first project in Spain, aiming to provide clean electricity for the marina. The initiative aligns with Spain's climate goals of 74% renewable energy by 2030. The project will start with a feasibility study, progressing to construction anticipated within 18 to 24 months. Port Adriano has expressed interest in investing in the project, which has a 20-year operational lifespan.