NEW YORK, June 5, 2026, 09:07 (EDT)
Eco Wave Power Global AB’s American Depositary Shares traded on Nasdaq were last at $9.50 ahead of the New York open Friday, close to the top of their $4.41-$10.50 52-week range. The wave-energy firm said CEO Inna Braverman plans to pitch its technology to AI data-center investors next week. American Depositary Shares are U.S.-traded securities that represent shares of a foreign company.
Nasdaq opens its normal session at 9:30 a.m. Eastern, after pre-market trading from 4:00 until the open. June 5 isn’t on Nasdaq’s 2026 U.S. holiday list; the next planned market holiday is Juneteenth, June 19.
Volume is a factor for WAVE, which trades light. Public.com listed only 339 shares changing hands Thursday, far below the average daily volume of 19,800. Liquidity is still a concern for anyone trading WAVE, with the risk that orders move the price.
Eco Wave said founder and CEO Braverman will take part in a one-on-one virtual fireside chat at Maxim Group’s “Architecting Tomorrow: The AI Data Center Summit” at 9:00 a.m. Eastern on June 11. She plans to talk about wave-energy tech, commercialization strategy and how renewable power, AI and data-center infrastructure connect. TMX Newsfile
Braverman has kept up that pitch. In the Q1 shareholder letter, she said “AI is no longer only a technology story” but has become “an infrastructure one.” Then, in Thursday’s release, she called wave energy a “significant untapped renewable energy resource.” Eco Wave Power
Eco Wave says it can generate wave power from structures like breakwaters, jetties, and piers, putting energy close to ports, cities and big energy users. The company lists upcoming projects in Portugal, Taiwan, and India, with a total pipeline of 404.7 megawatts. That pipeline refers to possible capacity, not active power.
Eco Wave Power’s shares are outpacing the numbers for now. The company posted a $682,000 operating loss for the quarter ended March 31, improving from $765,000 last year. But net loss grew to $695,000 from $505,000. Eco Wave finished the quarter with $5.29 million in liquidity.
The company said it wrapped up and filed the final report for its Port of Los Angeles pilot, calling it a small-scale test site. It’s still running the grid-connected Jaffa Port project in Israel. The Portugal Porto project is still in a holding pattern, as the company is waiting for port authority APDL to finish assessing storm damage to a breakwater associated with that site.
Few competitors are out there. Ocean Power Technologies, which develops wave-energy converters and autonomous maritime systems, traded at 38.8 cents ahead of the open for a market cap around $75.9 million. These two companies aren’t direct stand-ins for each other, but they are among the limited publicly traded ways for investors to get wave-power exposure.
The setup is tricky for the stock. If the Maxim event doesn’t get much reaction, or data-center deals take too long to turn into business, or Portugal faces more delays, the AI-energy story could fade. The company still isn’t making money and its projects are at varied steps from testing to permits and building.
Eco Wave stock is trading near its high with the conference in focus. The real question comes after: can the company turn interest and pilot deals into contracts, revenue, and steady deployments?
