Head to Head Comparison: Eco Wave Power Global AB (publ) (NASDAQ:WAVE) & Redeia Corporacion (OTCMKTS:RDEIY)

Redeia Corporacion (OTCMKTS:RDEIY) 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 dividends, analyst recommendations, earnings, profitability, valuation, risk and institutional ownership.

Profitability

This table compares Redeia Corporacion 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
Redeia Corporacion	N/A	N/A	N/A
Eco Wave Power Global AB (publ)	N/A	-46.74%	-34.83%

Institutional and Insider Ownership

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

Volatility & Risk

Redeia Corporacion has a beta of 0.5, meaning that its share price is 50% less volatile than the S&P 500. Comparatively, Eco Wave Power Global AB (publ) has a beta of -0.46, meaning that its share price is 146% less volatile than the S&P 500.

Analyst Ratings

This is a breakdown of current ratings and target prices for Redeia Corporacion and Eco Wave Power Global AB (publ), as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Redeia Corporacion	0	5	0	2	2.57
Eco Wave Power Global AB (publ)	1	0	1	0	2.00

Eco Wave Power Global AB (publ) has a consensus price target of $15.00, suggesting a potential upside of 203.64%. Given Eco Wave Power Global AB (publ)’s higher possible upside, analysts plainly believe Eco Wave Power Global AB (publ) is more favorable than Redeia Corporacion.

Earnings and Valuation

This table compares Redeia Corporacion and Eco Wave Power Global AB (publ)”s gross revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Redeia Corporacion	$1.73 billion	5.86	$398.69 million	N/A	N/A
Eco Wave Power Global AB (publ)	$170,000.00	161.28	-$2.08 million	($0.60)	-8.23

Redeia Corporacion has higher revenue and earnings than Eco Wave Power Global AB (publ).

Summary

Redeia Corporacion beats Eco Wave Power Global AB (publ) on 7 of the 12 factors compared between the two stocks.

About Redeia Corporacion

Redeia Corporación, S.A. engages in the electricity transmission, and system operation and management of the transmission network for the electricity system in Spain and internationally. The company operates through three segments: Management and Operation of National Electricity Infrastructure; Management and Operation of International Electricity Infrastructure; and Telecommunications (Satellites and Fibre Optic). Its transmission network comprises approximately 45,141 kilometres; and has 94,981 MVA of transformation capacity. The company also provides advisory, engineering, and construction services; and telecommunications, financing, reinsurance, line and substation maintenance, technical consultancy, and satellite telecommunications services. In addition, it manages and constructs energy storage facilities and the water cycle; acquires, holds, manages, and administers equity securities; operates satellite communications system and provides space segment services for the geostationary orbital slots; and sells and leases satellites and spatial capacity. The company was formerly known as Red Eléctrica Corporación, S.A. and changed its name to Redeia Corporación, S.A. in June 2023. Redeia Corporación, S.A. was incorporated in 1985 and is based in Alcobendas, Spain.

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.