Financial Review: Fluence Energy (NASDAQ:FLNC) vs. Eco Wave Power Global AB (publ) (NASDAQ:WAVE)

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

Analyst Ratings

This is a breakdown of current recommendations for Fluence Energy and Eco Wave Power Global AB (publ), as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Fluence Energy	4	12	4	0	2.00
Eco Wave Power Global AB (publ)	1	0	1	0	2.00

Fluence Energy presently has a consensus target price of $16.25, indicating a potential upside of 4.57%. Eco Wave Power Global AB (publ) has a consensus target price of $15.00, indicating a potential upside of 200.60%. Given Eco Wave Power Global AB (publ)’s higher probable upside, analysts clearly believe Eco Wave Power Global AB (publ) is more favorable than Fluence Energy.

Insider & Institutional Ownership

53.2% of Fluence Energy shares are held by institutional investors. Comparatively, 0.6% of Eco Wave Power Global AB (publ) shares are held by institutional investors. 0.7% of Fluence Energy shares are held by insiders. Comparatively, 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

This table compares Fluence Energy and Eco Wave Power Global AB (publ)’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Fluence Energy	-2.04%	-10.10%	-2.31%
Eco Wave Power Global AB (publ)	N/A	-46.74%	-34.83%

Earnings & Valuation

This table compares Fluence Energy and Eco Wave Power Global AB (publ)”s top-line revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Fluence Energy	$2.26 billion	1.26	-$48.31 million	($0.44)	-35.32
Eco Wave Power Global AB (publ)	$170,000.00	162.91	-$2.08 million	($0.60)	-8.32

Eco Wave Power Global AB (publ) has lower revenue, but higher earnings than Fluence Energy. Fluence Energy 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.

Risk & Volatility

Fluence Energy has a beta of 2.9, suggesting that its stock price is 190% more volatile than the S&P 500. Comparatively, Eco Wave Power Global AB (publ) has a beta of -0.46, suggesting that its stock price is 146% less volatile than the S&P 500.

Summary

Fluence Energy beats Eco Wave Power Global AB (publ) on 7 of the 13 factors compared between the two stocks.

About Fluence Energy

Fluence Energy, Inc., through its subsidiaries, offers energy storage products and solution, services, and artificial intelligence enabled software-as-a-service products for renewables and storage applications in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company sells energy storage products with integrated hardware, software, and digital intelligence. Its energy storage products include Gridstack Pro, a large-scale front-of-the-meter application; Gridstack, a front-of-the-meter application; Sunstack, a DC-coupled energy storage product for DC-coupled solar + storage projects; Edgestack, for smaller-scale commercial and industrial use cases; and Ultrastack, for critical system requirements of distribution and transmission networks. The company also provides engineering and delivery services to support the deployment of its storage products; operational and maintenance services; and digital applications. It serves independent power producers, developer, utilities, and other generators. Fluence Energy, Inc. was founded in 2018 and is headquartered in Arlington, Virginia. Fluence Energy, Inc. is a joint venture of Siemens Aktiengesellschaft and The AES Corporation.

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.