Long Position on WAVE @ $11.00 on 12/9/2024 (Fundamentals)

Eco Wave Power Global AB (publ) (WAVE), a wave energy company, engages in the development of a wave energy conversion (WEC) technology that converts ocean and sea waves into clean electricity.

The company also holds various agreements comprising power purchase agreements, concession agreements, and other agreements worldwide with pipeline of projects with approximately 404.7 megawatts.

It has operations in the United States, Sweden, Israel, the British Overseas Territory of Gibraltar, Greece, Portugal, China, Australia, and internationally.

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.

Entry Point: $11.00

Trading Range: $1.01 - $12.39

Stop Loss: $10.45

Target Price: $12.00

Position closed on 12/17/2024 at price of $15.30 with a 39.09% gain in 8 days.

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