Reviewing NeoVolta (NASDAQ:NEOV) & Eco Wave Power Global AB (publ) (NASDAQ:WAVE)

NeoVolta (NASDAQ:NEOV) and Eco Wave Power Global AB (publ) (NASDAQ:WAVE) are both small-cap energy companies, but which is the better stock? We will contrast the two businesses based on the strength of their risk, analyst recommendations, earnings, valuation, institutional ownership, dividends and profitability.

Institutional and Insider Ownership

5.1% of NeoVolta shares are owned by institutional investors. Comparatively, 0.6% of Eco Wave Power Global AB (publ) shares are owned by institutional investors. 15.2% of NeoVolta shares are owned by insiders. Comparatively, 31.3% of Eco Wave Power Global AB (publ) shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.

Earnings and Valuation

This table compares NeoVolta 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
NeoVolta	$8.43 million	19.76	-$2.30 million	($0.15)	-32.47
Eco Wave Power Global AB (publ)	$170,000.00	265.42	-$2.08 million	($0.54)	-15.06

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

Profitability

This table compares NeoVolta 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
NeoVolta	-59.75%	-137.02%	-108.80%
Eco Wave Power Global AB (publ)	N/A	-40.84%	-30.64%

Volatility & Risk

NeoVolta has a beta of -0.86, indicating that its stock price is 186% less volatile than the S&P 500. Comparatively, Eco Wave Power Global AB (publ) has a beta of -0.47, indicating that its stock price is 147% less volatile than the S&P 500.

Analyst Recommendations

This is a breakdown of recent recommendations and price targets for NeoVolta and Eco Wave Power Global AB (publ), as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
NeoVolta	1	1	0	0	1.50
Eco Wave Power Global AB (publ)	1	0	2	0	2.33

NeoVolta presently has a consensus target price of $7.50, indicating a potential upside of 54.00%. Eco Wave Power Global AB (publ) has a consensus target price of $14.50, indicating a potential upside of 78.35%. Given Eco Wave Power Global AB (publ)’s stronger consensus rating and higher possible upside, analysts clearly believe Eco Wave Power Global AB (publ) is more favorable than NeoVolta.

Summary

Eco Wave Power Global AB (publ) beats NeoVolta on 11 of the 14 factors compared between the two stocks.

About NeoVolta

NeoVolta Inc. designs, manufactures, and sells energy storage systems in the United States. It provides NV14, NV14-K, and NV 24 energy storage systems, which stores and uses energy through batteries and an inverter at residential or commercial sites. The company markets and sells its products directly to certified solar installers and solar equipment distributors. NeoVolta Inc. was formed in 2018 and is headquartered in Poway, California.

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.