The latest announcement is out from Eco Wave Power Global ( (WAVE) ).
Eco Wave Power Global AB announced significant progress in its financial and operational results for the year 2024, with a 30% reduction in net cash used for operations and a 7% decrease in operating expenses. The company achieved its first revenues from a wave energy project and secured a federal license for a project in Los Angeles. Notable milestones include the inauguration of the EWP-EDF One wave energy project in Israel, advancements in a megawatt-scale project in Portugal, and a new wave energy project sale agreement in Taiwan. These developments position Eco Wave Power as a key player in the wave energy sector, with implications for stakeholders in terms of financial stability and project execution.
More about Eco Wave Power Global
Eco Wave Power Global AB is a leading company in the onshore wave energy technology industry, focusing on harnessing wave energy for sustainable power generation. The company is engaged in various markets, including Portugal, Los Angeles, and Taiwan, and is known for its innovative projects and partnerships aimed at advancing wave energy solutions.
YTD Price Performance: -36.14%
Average Trading Volume: 71,762
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $41.68M
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