Eco Wave Power Global AB (publ) (NASDAQ:WAVE) and ReNew Energy Global (NASDAQ:RNW) Head to Head Comparison

ReNew Energy Global (NASDAQ:RNWGet Rating) and Eco Wave Power Global AB (publ) (NASDAQ:WAVEGet Rating) are both oils/energy companies, but which is the better stock? We will contrast the two businesses based on the strength of their risk, analyst recommendations, profitability, institutional ownership, earnings, valuation and dividends.

Insider and Institutional Ownership

38.5% of ReNew Energy Global shares are owned by institutional investors. Comparatively, 3.4% 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 hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Risk and Volatility

ReNew Energy Global has a beta of 0.3, suggesting that its stock price is 70% less volatile than the S&P 500. Comparatively, Eco Wave Power Global AB (publ) has a beta of -0.27, suggesting that its stock price is 127% less volatile than the S&P 500.

Analyst Recommendations

This is a summary of current ratings and recommmendations for ReNew Energy Global and Eco Wave Power Global AB (publ), as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
ReNew Energy Global 0 0 4 0 3.00
Eco Wave Power Global AB (publ) 0 0 0 0 N/A

ReNew Energy Global presently has a consensus target price of $17.00, suggesting a potential upside of 169.41%. Given ReNew Energy Global’s higher possible upside, equities research analysts clearly believe ReNew Energy Global is more favorable than Eco Wave Power Global AB (publ).

Profitability

This table compares ReNew Energy Global 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
ReNew Energy Global -26.87% -7.12% -1.45%
Eco Wave Power Global AB (publ) N/A -19.02% -16.55%

Valuation and Earnings

This table compares ReNew Energy Global and Eco Wave Power Global AB (publ)’s revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
ReNew Energy Global $912.00 million 2.77 -$211.00 million ($1.05) -6.01
Eco Wave Power Global AB (publ) $30,000.00 682.53 -$2.35 million ($0.49) -7.53

Eco Wave Power Global AB (publ) has lower revenue, but higher earnings than ReNew Energy Global. Eco Wave Power Global AB (publ) is trading at a lower price-to-earnings ratio than ReNew Energy Global, indicating that it is currently the more affordable of the two stocks.

Summary

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

About ReNew Energy Global

(Get Rating)

ReNew Energy Global Plc generates power through non-conventional and renewable energy sources in India. The company operates through Wind Power and Solar Power segments. It develops, builds, owns, and operates utility scale wind and solar energy projects, as well as distributed solar energy projects that generate energy for commercial and industrial customers. The company also provides engineering, procurement, and construction services; operation and maintenance services; consultancy services; and sells renewable energy certificates. As of March 31, 2022, its portfolio consisted of 10.69 GW of wind and solar energy projects, hydro, firm power projects, and distributed solar energy projects, of which 7.57 GW projects were commissioned and 3.12 GW were committed. ReNew Energy Global Plc was founded in 2011 and is based in London, the United Kingdom.

About Eco Wave Power Global AB (publ)

(Get Rating)

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.

Receive News & Ratings for ReNew Energy Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ReNew Energy Global and related companies with MarketBeat.com's FREE daily email newsletter.