Comprehensive Stock Comparison
Compare Enlight Renewable Energy Ltd (ENLT) vs Eco Wave Power Global AB (publ) (WAVE) 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 | ENLT | 320.6% revenue growth vs WAVE's -45.1% |
| Quality / Margins | ENLT | 21.4% net margin vs WAVE's -17.6% |
| Stability / Safety | ENLT | Beta 0.73 vs WAVE's 0.74 |
| Dividends | Tie | Neither pays a meaningful dividend |
| Momentum (1Y) | ENLT | +298.1% vs WAVE's -33.6% |
| Efficiency (ROA) | ENLT | 0.6% ROA vs WAVE's -31.5%, ROIC 4.8% 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
Enlight Renewable Energy is a renewable energy developer and operator that builds and manages utility-scale wind, solar, and energy storage projects. It generates revenue primarily through long-term power purchase agreements — selling electricity to utilities and corporate off-takers — with additional income from asset management services. The company's competitive advantage lies in its integrated development-to-operation platform and its early-mover position in Israel's renewable energy market, which provides deep local expertise and regulatory knowledge.
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.
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
ENLT leads in 4 of 6 categories (Financial Metrics, Profitability & Efficiency). WAVE leads in 1 (Valuation Metrics).
Financial Metrics (TTM)
ENLT is the larger business by revenue, generating $766M annually — 4561.6x WAVE's $168,000. ENLT is the more profitable business, keeping 21.4% of every revenue dollar as net income compared to WAVE's -17.6%.
| Metric | ENLTEnlight Renewable… | WAVEEco Wave Power Gl… |
|---|---|---|
| RevenueTrailing 12 months | $766M | $168,000 |
| EBITDAEarnings before interest/tax | $684M | -$2M |
| Net IncomeAfter-tax profit | $164M | -$3M |
| Free Cash FlowCash after capex | -$4.1B | $0 |
| Gross MarginGross profit ÷ Revenue | +54.4% | +75.0% |
| Operating MarginEBIT ÷ Revenue | +58.0% | -15.3% |
| Net MarginNet income ÷ Revenue | +21.4% | -17.6% |
| FCF MarginFCF ÷ Revenue | -5.3% | +6.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | +16.6% | — |
| EPS Growth (YoY)Latest quarter vs prior year | +6.7% | -177.8% |
Valuation Metrics
| Metric | ENLTEnlight Renewable… | WAVEEco Wave Power Gl… |
|---|---|---|
| Market CapShares × price | $8.9B | $29M |
| Enterprise ValueMkt cap + debt − cash | $13.4B | $23M |
| Trailing P/EPrice ÷ TTM EPS | 61.80x | -13.49x |
| Forward P/EPrice ÷ next-FY EPS est. | 156.37x | — |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 32.42x | — |
| Price / SalesMarket cap ÷ Revenue | 16.67x | 173.14x |
| Price / BookPrice ÷ Book value/share | 4.49x | 3.33x |
| Price / FCFMarket cap ÷ FCF | — | 26.23x |
Profitability & Efficiency
ENLT delivers a 2.6% return on equity — every $100 of shareholder capital generates $3 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 ENLT's 2.73x. On the Piotroski fundamental quality scale (0–9), ENLT scores 4/9 vs WAVE's 3/9, reflecting mixed financial health.
| Metric | ENLTEnlight Renewable… | WAVEEco Wave Power Gl… |
|---|---|---|
| ROE (TTM)Return on equity | +2.6% | -42.8% |
| ROA (TTM)Return on assets | +0.6% | -31.5% |
| ROICReturn on invested capital | +4.8% | -53.8% |
| ROCEReturn on capital employed | +5.8% | -28.6% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 3 |
| Debt / EquityFinancial leverage | 2.73x | 0.16x |
| Net DebtTotal debt minus cash | $14.1B | -$7M |
| Cash & Equiv.Liquid assets | $3.0B | $8M |
| Total DebtShort + long-term debt | $17.1B | $1M |
| Interest CoverageEBIT ÷ Interest expense | 1.38x | -38.41x |
Total Returns (with DRIP)
A $10,000 investment in ENLT five years ago would be worth $343,061 today (with dividends reinvested), compared to $2,656 for WAVE. Over the past 12 months, ENLT leads with a +298.1% total return vs WAVE's -33.6%. The 3-year compound annual growth rate (CAGR) favors ENLT at 60.5% vs WAVE's 11.7% — a key indicator of consistent wealth creation.
| Metric | ENLTEnlight Renewable… | WAVEEco Wave Power Gl… |
|---|---|---|
| YTD ReturnYear-to-date | +41.0% | -17.1% |
| 1-Year ReturnPast 12 months | +298.1% | -33.6% |
| 3-Year ReturnCumulative with dividends | +313.3% | +39.3% |
| 5-Year ReturnCumulative with dividends | +3330.6% | -73.4% |
| 10-Year ReturnCumulative with dividends | +3330.6% | -73.4% |
| CAGR (3Y)Annualised 3-year return | +60.5% | +11.7% |
Risk & Volatility
ENLT is the less volatile stock with a 0.73 beta — it tends to amplify market swings less than WAVE's 0.74 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. ENLT currently trades 82.7% from its 52-week high vs WAVE's 50.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ENLTEnlight Renewable… | WAVEEco Wave Power Gl… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.73x | 0.74x |
| 52-Week HighHighest price in past year | $81.28 | $9.87 |
| 52-Week LowLowest price in past year | $14.01 | $4.41 |
| % of 52W HighCurrent price vs 52-week peak | +82.7% | +50.6% |
| RSI (14)Momentum oscillator 0–100 | 65.8 | 41.1 |
| Avg Volume (50D)Average daily shares traded | 90K | 10K |
Analyst Outlook
| Metric | ENLTEnlight Renewable… | WAVEEco Wave Power Gl… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | — |
| Price TargetConsensus 12-month target | $55.75 | — |
| # AnalystsCovering analysts | 7 | — |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | 1 | — |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +0.2% |
Historical Charts
Charts are rendered on first load. Hover for details.
Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Jan 23 | Feb 26 | Change |
|---|---|---|---|
| Enlight Renewable E… (ENLT) | 100 | 3,007.65 | +2907.7% |
| Eco Wave Power Glob… (WAVE) | 100 | 162.13 | +62.1% |
Enlight Renewable E… (ENLT) returned +3.3K% over 5 years vs Eco Wave Power Glob… (WAVE)'s -73%. A $10,000 investment in ENLT 5 years ago would be worth $343,061 today (including dividends reinvested).
Chart 2Revenue Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Enlight Renewable E… (ENLT) | $33M | $1.7B | +4921.9% |
| Eco Wave Power Glob… (WAVE) | $21712.00 | $168000.00 | +673.8% |
Enlight Renewable Energy Ltd's revenue grew from $33M (2016) to $1.7B (2025) — a 54.5% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Enlight Renewable E… (ENLT) | 11.7% | 27.0% | +131.1% |
| Eco Wave Power Glob… (WAVE) | -44.4% | -12.4% | +72.1% |
Enlight Renewable Energy Ltd's net margin went from 12% (2016) to 27% (2025).
Chart 4P/E Ratio History — 3 Years
| Stock | 2023 | 2025 | Change |
|---|---|---|---|
| Enlight Renewable E… (ENLT) | 9.2 | 13.3 | +44.6% |
Enlight Renewable Energy Ltd has traded in a 9x–13x P/E range over 3 years; current trailing P/E is ~62x.
Chart 5EPS Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Enlight Renewable E… (ENLT) | 0.03 | 3.42 | +13053.8% |
| Eco Wave Power Glob… (WAVE) | -0.2 | -0.37 | -85.0% |
Enlight Renewable Energy Ltd's EPS grew from $0.03 (2016) to $3.42 (2025) — a 72% CAGR.
Chart 6Free Cash Flow — 5 Years
Enlight Renewable Energy Ltd generated $-5B FCF in 2025 (-10671% vs 2021). Eco Wave Power Global AB (publ) generated $1M FCF in 2024 (+142% vs 2021).
ENLT vs WAVE: Frequently Asked Questions
7 questions · data-driven answers · updated daily
01Is ENLT or WAVE a better buy right now?
Enlight Renewable Energy Ltd (ENLT) offers the better valuation at 61.8x trailing P/E (156.4x forward), making it the more compelling value choice. Analysts rate Enlight Renewable Energy Ltd (ENLT) a "Buy" — based on 7 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 — ENLT or WAVE?
Over the past 5 years, Enlight Renewable Energy Ltd (ENLT) delivered a total return of +33.3%, compared to -73.4% for Eco Wave Power Global AB (publ) (WAVE). A $10,000 investment in ENLT five years ago would be worth approximately $13K today (assuming dividends reinvested). Over 10 years, the gap is even starker: ENLT returned +33.3% 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 — ENLT or WAVE?
By beta (market sensitivity over 5 years), Enlight Renewable Energy Ltd (ENLT) is the lower-risk stock at 0.73β versus Eco Wave Power Global AB (publ)'s 0.74β — meaning WAVE is approximately 1% more volatile than ENLT 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 3% for Enlight Renewable Energy Ltd — giving it more financial flexibility in a downturn.
04Which has better profit margins — ENLT or WAVE?
Enlight Renewable Energy Ltd (ENLT) is the more profitable company, earning 27.0% net margin versus -1236.3% for Eco Wave Power Global AB (publ) — meaning it keeps 27.0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: ENLT leads at 46.6% versus -1391.7% for WAVE. At the gross margin level — before operating expenses — WAVE leads at 75.0%, 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 — ENLT or WAVE?
None of the stocks in this comparison currently pay a material dividend. All are effectively zero-yield and should be held for capital appreciation rather than income.
06Is ENLT or WAVE better for a retirement portfolio?
For long-horizon retirement investors, Enlight Renewable Energy Ltd (ENLT) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.73)). Both have compounded well over 10 years (ENLT: +33.3%, WAVE: -73.4%), 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 ENLT and WAVE?
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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