WAVE - Why Eco Wave Power Global Stock Is Up Over 150% | Benzinga
Eco Wave Power Global AB (publ) ADR (NASDAQ:WAVE) shares are trading higher by 170% to $3.62 during Monday’s session after the company announced that it was selected by an international energy company to conduct wave energy feasibility studies for the U.S. coastline.
The study, spanning three months, will assess 77 sites along the U.S. coastline, focusing on wave availability and marine structures compatibility. Per the company. this initiative aims to pave the way for wave energy commercialization over the next five to ten years.
Inna Braverman, CEO of Eco Wave Power, emphasized the potential of wave energy in combating climate change. Eco Wave Power has previously demonstrated its technology’s scalability and reliability through various power stations, including the EWP-EDF One in ...