NeoVolta (NASDAQ:NEOV) & Eco Wave Power Global AB (publ) (NASDAQ:WAVE) Head-To-Head Analysis

Eco Wave Power Global AB (publ) (NASDAQ:WAVE) and NeoVolta (NASDAQ:NEOV) are both small-cap energy companies, but which is the superior investment? We will compare the two businesses based on the strength of their institutional ownership, dividends, risk, earnings, profitability, analyst recommendations and valuation.

Analyst Ratings

This is a breakdown of current recommendations for Eco Wave Power Global AB (publ) and NeoVolta, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Eco Wave Power Global AB (publ)	0	0	2	0	3.00
NeoVolta	0	0	1	0	3.00

Eco Wave Power Global AB (publ) currently has a consensus target price of $14.50, indicating a potential upside of 73.03%. NeoVolta has a consensus target price of $7.50, indicating a potential upside of 64.84%. Given Eco Wave Power Global AB (publ)’s higher probable upside, research analysts plainly believe Eco Wave Power Global AB (publ) is more favorable than NeoVolta.

Volatility & Risk

Eco Wave Power Global AB (publ) has a beta of -0.48, suggesting that its share price is 148% less volatile than the S&P 500. Comparatively, NeoVolta has a beta of -0.94, suggesting that its share price is 194% less volatile than the S&P 500.

Valuation and Earnings

This table compares Eco Wave Power Global AB (publ) and NeoVolta”s revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Eco Wave Power Global AB (publ)	$168,000.00	276.79	-$2.08 million	($0.54)	-15.52
NeoVolta	$4.26 million	36.49	-$2.30 million	($0.12)	-37.92

Eco Wave Power Global AB (publ) has higher earnings, but lower revenue than NeoVolta. NeoVolta is trading at a lower price-to-earnings ratio than Eco Wave Power Global AB (publ), indicating that it is currently the more affordable of the two stocks.

Profitability

This table compares Eco Wave Power Global AB (publ) and NeoVolta’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Eco Wave Power Global AB (publ)	N/A	-40.84%	-30.64%
NeoVolta	-96.69%	-105.35%	-88.75%

Insider and Institutional Ownership

0.6% of Eco Wave Power Global AB (publ) shares are held by institutional investors. Comparatively, 5.1% of NeoVolta shares are held by institutional investors. 31.3% of Eco Wave Power Global AB (publ) shares are held by insiders. Comparatively, 15.2% of NeoVolta shares are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.

Summary

Eco Wave Power Global AB (publ) beats NeoVolta on 10 of the 13 factors compared between the two stocks.

About Eco Wave Power Global AB (publ)

Eco Wave Power Global AB (publ), 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.

About NeoVolta

NeoVolta Inc. designs, manufactures, and sells energy storage systems in the United States. It provides NV14, NV14-K, and NV 24 energy storage systems, which stores and uses energy through batteries and an inverter at residential or commercial sites. The company markets and sells its products directly to certified solar installers and solar equipment distributors. NeoVolta Inc. was formed in 2018 and is headquartered in Poway, California.