Eco Wave Power Global AB (publ) ADR 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 Jaffa Port, which is now connected to Israel’s national energy grid.
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How To Buy WAVE Stock
By now you're likely curious about how to participate in the market for Eco Wave Power Global – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.
In the the case of Eco Wave Power Global, which is trading at $3.13 as of publishing time, $100 would buy you 31.95 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
According to data from Benzinga Pro, WAVE has a 52-week high of $3.85 and a 52-week low of $1.01.
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