Analyzing NeoVolta (NASDAQ:NEOV) & Eco Wave Power Global AB (publ) (NASDAQ:WAVE)

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

Volatility & Risk

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

Institutional and Insider Ownership

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

Valuation & Earnings

This table compares Eco Wave Power Global AB (publ) and NeoVolta”s top-line 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)	$170,000.00	277.17	-$2.08 million	($0.54)	-15.72
NeoVolta	$2.64 million	67.34	-$2.30 million	($0.12)	-43.42

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.

Analyst Recommendations

This is a summary of current ratings and price targets for Eco Wave Power Global AB (publ) and NeoVolta, as reported by MarketBeat.

	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) presently has a consensus price target of $14.50, indicating a potential upside of 70.79%. NeoVolta has a consensus price target of $7.50, indicating a potential upside of 43.95%. Given Eco Wave Power Global AB (publ)’s higher possible upside, analysts clearly believe Eco Wave Power Global AB (publ) is more favorable than NeoVolta.

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%

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.