Eco Wave Power Global AB (publ) (NASDAQ:WAVE – Get Rating) and Companhia Paranaense de Energia – COPEL (NYSE:ELP – Get Rating) are both oils/energy companies, but which is the superior business? We will compare the two companies based on the strength of their risk, analyst recommendations, valuation, profitability, dividends, earnings and institutional ownership.
Risk and Volatility
Eco Wave Power Global AB (publ) has a beta of 0.58, meaning that its share price is 42% less volatile than the S&P 500. Comparatively, Companhia Paranaense de Energia – COPEL has a beta of 0.76, meaning that its share price is 24% less volatile than the S&P 500.
Institutional & Insider Ownership
3.4% of Eco Wave Power Global AB (publ) shares are held by institutional investors. Comparatively, 4.5% of Companhia Paranaense de Energia – COPEL shares are held by institutional investors. 31.3% of Eco Wave Power Global AB (publ) shares are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.
Profitability
| Net Margins | Return on Equity | Return on Assets | |
| Eco Wave Power Global AB (publ) | N/A | -26.27% | -21.87% |
| Companhia Paranaense de Energia – COPEL | N/A | N/A | N/A |
Valuation & Earnings
This table compares Eco Wave Power Global AB (publ) and Companhia Paranaense de Energia – COPEL’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) | $30,000.00 | 614.20 | -$2.90 million | ($0.43) | -7.72 |
| Companhia Paranaense de Energia – COPEL | $21.87 billion | 0.18 | $215.40 million | N/A | N/A |
Companhia Paranaense de Energia – COPEL has higher revenue and earnings than Eco Wave Power Global AB (publ).
Analyst Ratings
This is a summary of recent recommendations and price targets for Eco Wave Power Global AB (publ) and Companhia Paranaense de Energia – COPEL, as reported by MarketBeat.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Eco Wave Power Global AB (publ) | 0 | 0 | 0 | 0 | N/A |
| Companhia Paranaense de Energia – COPEL | 0 | 0 | 1 | 0 | 3.00 |
Summary
Companhia Paranaense de Energia – COPEL beats Eco Wave Power Global AB (publ) on 8 of the 10 factors compared between the two stocks.
About Eco Wave Power Global AB (publ)
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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. It also operates a grid-connected wave energy array in Gibraltar under a power purchase agreement with the Government of Gibraltar and Gibraltar's National Electric Company. The company also holds various agreements comprising power purchase agreements, concession agreements, and other agreements worldwide with pipeline of projects with approximately 327.7 megawatts. It has operations in Sweden, Israel, Portugal, China, Gibraltar, Australia, and Mexico. 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 Companhia Paranaense de Energia – COPEL
Companhia Paranaense de Energia engages in the generation, transmission, distribution and sale of electricity. It operates through the following segments: Power Generation and Transmission (GET), Power Distribution (DIS), Telecommunications (TEL), GAS, Power Sale (COM), and Holding Company (HOL). The GET segment include production of electricity from hydraulic, wind, and thermal projects (GER) and also provides services of transmission and transformation of electric power. The DIS segment comprises public electricity distribution services. The TEL segment offers telecommunications and general communication services. The GAS segment encompasses public service of piped natural gas distribution. The HOL segment participate in other companies. The company was founded on October 26, 1954 and is headquartered in Curitiba, Brazil.
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