Comprehensive Stock Comparison
Compare Eco Wave Power Global AB (publ) (WAVE) vs Constellation Energy Corporation (CEG) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
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Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth | CEG | 8.3% revenue growth vs WAVE's -45.1% |
| Value | WAVE | Better valuation composite |
| Quality / Margins | CEG | 9.1% net margin vs WAVE's -17.6% |
| Stability / Safety | WAVE | Beta 0.74 vs CEG's 1.70, lower leverage |
| Dividends | CEG | 0.5% yield; 3-year raise streak; WAVE pays no meaningful dividend |
| Momentum (1Y) | CEG | +32.3% vs WAVE's -33.6% |
| Efficiency (ROA) | CEG | 4.1% ROA vs WAVE's -31.5%, ROIC 11.9% vs -53.8% |
Who Each Stock Is For
Income & stability
Growth exposure
Long-term compounding (10Y)
Sleep-well-at-night portfolio
Defensive / Recession hedge
Business Model
What each company does and how it makes money
Eco Wave Power Global is a wave energy company that develops technology to convert ocean and sea waves into clean electricity. It makes money primarily through power purchase agreements and concession agreements for its wave energy projects, with a development pipeline of approximately 405 megawatts across multiple countries. The company's key advantage is its proprietary wave energy conversion technology and its portfolio of international agreements that provide exclusive access to prime wave energy locations.
Constellation Energy is a major clean energy company that generates and sells electricity—primarily from nuclear, wind, and solar assets—across multiple U.S. power regions. It makes money by selling electricity and natural gas to utilities, municipalities, and commercial/industrial customers, with its nuclear fleet providing stable baseload power. The company's key advantage is its massive, low-carbon generation portfolio—including the nation's largest nuclear fleet—which gives it scale and operational efficiency in the transition to clean energy.
Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
CEG leads in 3 of 6 categories (Financial Metrics, Profitability & Efficiency). WAVE leads in 1 (Valuation Metrics). 1 tied.
Financial Metrics (TTM)
CEG is the larger business by revenue, generating $25.5B annually — 151982.1x WAVE's $168,000. CEG is the more profitable business, keeping 9.1% of every revenue dollar as net income compared to WAVE's -17.6%.
| Metric | WAVEEco Wave Power Gl… | CEGConstellation Ene… |
|---|---|---|
| RevenueTrailing 12 months | $168,000 | $25.5B |
| EBITDAEarnings before interest/tax | -$2M | $4.7B |
| Net IncomeAfter-tax profit | -$3M | $2.3B |
| Free Cash FlowCash after capex | $0 | $1.3B |
| Gross MarginGross profit ÷ Revenue | +75.0% | +75.8% |
| Operating MarginEBIT ÷ Revenue | -15.3% | +12.1% |
| Net MarginNet income ÷ Revenue | -17.6% | +9.1% |
| FCF MarginFCF ÷ Revenue | +6.6% | +5.0% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | +1.4% |
| EPS Growth (YoY)Latest quarter vs prior year | -177.8% | -49.1% |
Valuation Metrics
| Metric | WAVEEco Wave Power Gl… | CEGConstellation Ene… |
|---|---|---|
| Market CapShares × price | $29M | $103.0B |
| Enterprise ValueMkt cap + debt − cash | $23M | $108.3B |
| Trailing P/EPrice ÷ TTM EPS | -13.49x | 44.58x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 28.14x |
| PEG RatioP/E ÷ EPS growth rate | — | 1.37x |
| EV / EBITDAEnterprise value multiple | — | 26.60x |
| Price / SalesMarket cap ÷ Revenue | 173.14x | 4.04x |
| Price / BookPrice ÷ Book value/share | 3.33x | 6.97x |
| Price / FCFMarket cap ÷ FCF | 26.23x | 80.00x |
Profitability & Efficiency
CEG delivers a 15.6% return on equity — every $100 of shareholder capital generates $16 in annual profit, vs $-43 for WAVE. WAVE carries lower financial leverage with a 0.16x debt-to-equity ratio, signaling a more conservative balance sheet compared to CEG's 0.61x. On the Piotroski fundamental quality scale (0–9), CEG scores 7/9 vs WAVE's 3/9, reflecting strong financial health.
| Metric | WAVEEco Wave Power Gl… | CEGConstellation Ene… |
|---|---|---|
| ROE (TTM)Return on equity | -42.8% | +15.6% |
| ROA (TTM)Return on assets | -31.5% | +4.1% |
| ROICReturn on invested capital | -53.8% | +11.9% |
| ROCEReturn on capital employed | -28.6% | +6.5% |
| Piotroski ScoreFundamental quality 0–9 | 3 | 7 |
| Debt / EquityFinancial leverage | 0.16x | 0.61x |
| Net DebtTotal debt minus cash | -$7M | $5.2B |
| Cash & Equiv.Liquid assets | $8M | $3.7B |
| Total DebtShort + long-term debt | $1M | $9.0B |
| Interest CoverageEBIT ÷ Interest expense | -38.41x | 6.04x |
Total Returns (with DRIP)
A $10,000 investment in CEG five years ago would be worth $79,651 today (with dividends reinvested), compared to $2,656 for WAVE. Over the past 12 months, CEG leads with a +32.3% total return vs WAVE's -33.6%. The 3-year compound annual growth rate (CAGR) favors CEG at 64.6% vs WAVE's 11.7% — a key indicator of consistent wealth creation.
| Metric | WAVEEco Wave Power Gl… | CEGConstellation Ene… |
|---|---|---|
| YTD ReturnYear-to-date | -17.1% | -9.9% |
| 1-Year ReturnPast 12 months | -33.6% | +32.3% |
| 3-Year ReturnCumulative with dividends | +39.3% | +345.6% |
| 5-Year ReturnCumulative with dividends | -73.4% | +696.5% |
| 10-Year ReturnCumulative with dividends | -73.4% | +696.5% |
| CAGR (3Y)Annualised 3-year return | +11.7% | +64.6% |
Risk & Volatility
WAVE is the less volatile stock with a 0.74 beta — it tends to amplify market swings less than CEG's 1.70 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. CEG currently trades 79.9% from its 52-week high vs WAVE's 50.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | WAVEEco Wave Power Gl… | CEGConstellation Ene… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.74x | 1.70x |
| 52-Week HighHighest price in past year | $9.87 | $412.70 |
| 52-Week LowLowest price in past year | $4.41 | $161.35 |
| % of 52W HighCurrent price vs 52-week peak | +50.6% | +79.9% |
| RSI (14)Momentum oscillator 0–100 | 41.1 | 63.7 |
| Avg Volume (50D)Average daily shares traded | 10K | 3.1M |
Analyst Outlook
CEG is the only dividend payer here at 0.47% yield — a key consideration for income-focused portfolios.
| Metric | WAVEEco Wave Power Gl… | CEGConstellation Ene… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | — | Buy |
| Price TargetConsensus 12-month target | — | $415.83 |
| # AnalystsCovering analysts | — | 18 |
| Dividend YieldAnnual dividend ÷ price | — | +0.5% |
| Dividend StreakConsecutive years of raises | — | 3 |
| Dividend / ShareAnnual DPS | — | $1.55 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.2% | +0.4% |
Historical Charts
Charts are rendered on first load. Hover for details.
Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Feb 22 | Feb 26 | Change |
|---|---|---|---|
| Eco Wave Power Glob… (WAVE) | 100 | 79.09 | -20.9% |
| Constellation Energ… (CEG) | 118.52 | 644.95 | +444.2% |
Constellation Energ… (CEG) returned +697% over 5 years vs Eco Wave Power Glob… (WAVE)'s -73%. A $10,000 investment in CEG 5 years ago would be worth $79,651 today (including dividends reinvested).
Chart 2Revenue Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Eco Wave Power Glob… (WAVE) | $21712.00 | $168000.00 | +673.8% |
| Constellation Energ… (CEG) | $17.8B | $25.5B | +43.8% |
Constellation Energy Corporation's revenue grew from $17.8B (2016) to $25.5B (2025) — a 4.1% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Eco Wave Power Glob… (WAVE) | -44.4% | -12.4% | +72.1% |
| Constellation Energ… (CEG) | 2.7% | 9.1% | +233.9% |
Constellation Energy Corporation's net margin went from 3% (2016) to 9% (2025).
Chart 4P/E Ratio History — 3 Years
| Stock | 2023 | 2025 | Change |
|---|---|---|---|
| Constellation Energ… (CEG) | 23.3 | 47.7 | +104.7% |
Constellation Energy Corporation has traded in a 19x–48x P/E range over 3 years; current trailing P/E is ~45x.
Chart 5EPS Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Eco Wave Power Glob… (WAVE) | -0.2 | -0.37 | -85.0% |
| Constellation Energ… (CEG) | 1.48 | 7.4 | +400.0% |
Constellation Energy Corporation's EPS grew from $1.48 (2016) to $7.40 (2025) — a 20% CAGR.
Chart 6Free Cash Flow — 5 Years
Eco Wave Power Global AB (publ) generated $1M FCF in 2024 (+142% vs 2021). Constellation Energy Corporation generated $1B FCF in 2025 (-34% vs 2021).
WAVE vs CEG: Frequently Asked Questions
7 questions · data-driven answers · updated daily
01Is WAVE or CEG a better buy right now?
Constellation Energy Corporation (CEG) offers the better valuation at 44.6x trailing P/E (28.1x forward), making it the more compelling value choice. Analysts rate Constellation Energy Corporation (CEG) a "Buy" — based on 18 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — WAVE or CEG?
Over the past 5 years, Constellation Energy Corporation (CEG) delivered a total return of +696.5%, compared to -73.4% for Eco Wave Power Global AB (publ) (WAVE). A $10,000 investment in CEG five years ago would be worth approximately $80K today (assuming dividends reinvested). Over 10 years, the gap is even starker: CEG returned +696.5% versus WAVE's -73.4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — WAVE or CEG?
By beta (market sensitivity over 5 years), Eco Wave Power Global AB (publ) (WAVE) is the lower-risk stock at 0.74β versus Constellation Energy Corporation's 1.70β — meaning CEG is approximately 129% more volatile than WAVE relative to the S&P 500. On balance sheet safety, Eco Wave Power Global AB (publ) (WAVE) carries a lower debt/equity ratio of 16% versus 61% for Constellation Energy Corporation — giving it more financial flexibility in a downturn.
04Which has better profit margins — WAVE or CEG?
Constellation Energy Corporation (CEG) is the more profitable company, earning 9.1% net margin versus -1236.3% for Eco Wave Power Global AB (publ) — meaning it keeps 9.1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: CEG leads at 12.1% versus -1391.7% for WAVE. At the gross margin level — before operating expenses — CEG leads at 75.8%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
05Which pays a better dividend — WAVE or CEG?
In this comparison, CEG (0.5% yield) pays a dividend. WAVE does not pay a meaningful dividend and should not be held primarily for income.
06Is WAVE or CEG better for a retirement portfolio?
For long-horizon retirement investors, Eco Wave Power Global AB (publ) (WAVE) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.74)). Constellation Energy Corporation (CEG) carries a higher beta of 1.70 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (WAVE: -73.4%, CEG: +696.5%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
07What are the main differences between WAVE and CEG?
Both stocks operate in the Utilities sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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