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Ocean Power Technologies, Inc. (OPTT)

Stock Price: $2.86 USD -0.56 (-16.37%)
Updated Mar 4, 2021 1:26 PM EST - Market open
Market Cap 107.05M
Revenue (ttm) 1.56M
Net Income (ttm) -10.55M
Shares Out 20.09M
EPS (ttm) -0.81
PE Ratio n/a
Forward PE n/a
Dividend n/a
Dividend Yield n/a
Trading Day March 4
Last Price $2.86
Previous Close $3.42
Change ($) -0.56
Change (%) -16.37%
Day's Open 3.35
Day's Range 2.80 - 3.43
Day's Volume 5,136,741
52-Week Range 0.33 - 7.30

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InvestorPlace - 1 day ago

Due to the devastation caused by the Texas winter storm, energy stocks have taken on more attention. Here are the names that could move higher off this crisis.

Other stocks mentioned: BE, CVX, D, DUK, NEE, SRE, TOT
InvestorPlace - 3 weeks ago

While you can chase the latest fads on Wall Street, these stocks for beginners provide more sustainable opportunities. The post 8 Stocks to Buy for Beginners in a Hot Market appeared first on ...

Other stocks mentioned: AAPL, AMWL, BEP, CVS, F, LTHM, T
InvestorPlace - 1 month ago

One of the counterintuitive dynamics of the pandemic-disrupted year in 2020 was the rise of Wall Street. But that doesn't mean you've missed the boat, as these stocks under $10 demonstrate.

Other stocks mentioned: ARAY, CAN, GPRO, KGC, LKYSF, MAGS, MZDAY, POWW, ZIXI
GlobeNewsWire - 2 months ago

Hewlett, Purcel & Slaiby Elected as Independent Directors Hewlett, Purcel & Slaiby Elected as Independent Directors

InvestorPlace - 2 months ago

The markets are a tricky place to navigate in this second wave of the pandemic, so your best hope could be in game-changing stocks. The post 8 Game-Changing Stocks to Buy for Upside and Innova...

Other stocks mentioned: AAXN, FUJIY, KTOS, LMND, PYPL, CYBQY, EATBF, CYBQF
GlobeNewsWire - 2 months ago

Investor Conference Call and Webcast on December 8, 2020, at 11:00 A.M. ET Investor Conference Call and Webcast on December 8, 2020, at 11:00 A.M. ET

GlobeNewsWire - 2 months ago

Turnkey Installation of OPT PowerBuoy® Solution in Chile Turnkey Installation of OPT PowerBuoy® Solution in Chile

InvestorPlace - 3 months ago

President-elect Joe Biden doesn't just represent a political rethink but rather, an environmental one. Therefore, these renewable energy stocks should be on your radar.

Other stocks mentioned: BE, BEP, CSIQ, ENPH, NEE, REGI
InvestorPlace - 3 months ago

Shares of renewable energy stocks are soaring after President Donald Trump said he will begin the transition to President-elect Joe Biden. The post Renewable Energy Stocks: Why FCEL, FTEK and ...

Other stocks mentioned: FCEL, FTEK
GlobeNewsWire - 3 months ago

MONROE TOWNSHIP, N.J., Nov. 23, 2020 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NASDAQ: OPTT), a leader in innovative and cost-effective ocean energy solution...

GlobeNewsWire - 3 months ago

Study to Utilize PB3 PowerBuoy for 'Remote Zero Carbon Power for Electric Subsea Operations' Project Study to Utilize PB3 PowerBuoy for 'Remote Zero Carbon Power for Electric Subsea Operations...

InvestorPlace - 3 months ago

Thanks to relationships with the U.S. Navy and goventment contractors, Ocean Power Technologies and OPTT stock could enjoy handsome rewards. The post OPTT Stock Floats an Ocean of Possibilitie...

InvestorPlace - 3 months ago

In light of a business connection to none other than the U.S. Navy, the argument for OPTT stock as a defense-tech winner remains compelling. The post Navy Subcontract Should Propel Ocean Power...

InvestorPlace - 4 months ago

If Ocean Power Technologies' product is special, why hasn't General Electric acquired it? OPTT stock is trading less than $2 for a reason.

InvestorPlace - 4 months ago

Given its poor financials and history of underperformance, OPTT stock is not for the faint of heart. But the contrarian speculator may see future value in this green energy investment.

InvestorPlace - 4 months ago

Get ready for more investments pouring into alternative and greener energy technologies, but the future for OPTT stock has other challenges. The post How Good Is the Surf in Ocean Power Techno...

InvestorPlace - 4 months ago

Give OPTT stock a try for exposure to a variety of compelling investment opportunities in the fascinating clean energy space. The post Ocean Power Technologies Will Sail Further on Renewable E...

24/7 Wall Street - 4 months ago

Investors appear to be over the moon Wednesday as shares of three alternative energy firms were absolutely soaring.

Other stocks mentioned: SUNW, PECK
Market Watch - 4 months ago

Shares of Ocean Power Technologies Inc. OPTT, +34.16% charged 34% higher in very active trading, to keep its recent big rally going, although the provider of electric power and data communicat...

InvestorPlace - 4 months ago

Ocean Power Technologies (OPTT) is seeing a massive spike in its stock on Monday and we have what investors need to know about it. The post Ocean Power Technologies: 14 Things to Know About OP...

GlobeNewsWire - 5 months ago

New Agreement Provides Flexible Access to Funding at a Lower Cost of Capital New Agreement Provides Flexible Access to Funding at a Lower Cost of Capital

GlobeNewsWire - 5 months ago

Investor Conference Call and Webcast on September 15, 2020, at 11:00 A.M. ET Investor Conference Call and Webcast on September 15, 2020, at 11:00 A.M. ET

GlobeNewsWire - 6 months ago

Newly Created Strategic Role Will Execute OPT’s Asia-Pacific Market Expansion Newly Created Strategic Role Will Execute OPT’s Asia-Pacific Market Expansion

GlobeNewsWire - 6 months ago

Over One-and-a-Half Years of Continuous Unabated Autonomous Wave Energy Conversion Over One-and-a-Half Years of Continuous Unabated Autonomous Wave Energy Conversion

GlobeNewsWire - 6 months ago

Strategically Situated in the Hub of Global Oil and Gas Operations and Energy Innovation Strategically Situated in the Hub of Global Oil and Gas Operations and Energy Innovation

GlobeNewsWire - 6 months ago

Modular Subsea Energy Storage as Part of Expanded Solutions for Ocean Electrification Modular Subsea Energy Storage as Part of Expanded Solutions for Ocean Electrification

GlobeNewsWire - 7 months ago

Scalable PowerBuoy® Surveillance Solution Can Link Multiple Marine Coverage Zones Over Extended Distances Scalable PowerBuoy® Surveillance Solution Can Link Multiple Marine Coverage Zones Over...

GlobeNewsWire - 8 months ago

Revenue Increase Over Prior Year, PowerBuoy® Sale and Lease Extension Highlight Fiscal Year

GlobeNewsWire - 8 months ago

Easily Deployable Offshore Power & Communications Platform Completes Successful Sea Trial Easily Deployable Offshore Power & Communications Platform Completes Successful Sea Trial

GlobeNewsWire - 10 months ago

MONROE TOWNSHIP, N.J., May 01, 2020 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NASDAQ: OPTT), a leader in innovative and cost-effective ocean energy solutions, announced today that ...

GlobeNewsWire - 11 months ago

Ocean Power Technologies, Modus Seabed Intervention & Saab Seaeye Project Seeks U.S. Government Funding Ocean Power Technologies, Modus Seabed Intervention & Saab Seaeye Project Seeks U.S. Gov...

GlobeNewsWire - 1 year ago

Redeploying the PB3 to an Unmanned Production Platform in the Adriatic Sea Redeploying the PB3 to an Unmanned Production Platform in the Adriatic Sea

GlobeNewsWire - 1 year ago

Focus on Surveillance Solutions Throughout Southeast Asia Focus on Surveillance Solutions Throughout Southeast Asia

GlobeNewsWire - 1 year ago

Easily Deployed, Dual Powered Solution Prototyping Underway Easily Deployed, Dual Powered Solution Prototyping Underway

InvestorPlace - 1 year ago

The Ocean Renewable Energy Action Coalition just launched. As a result, is Ocean Power Technologies and OPTT stock worth a look?

GlobeNewsWire - 1 year ago

MONROE TOWNSHIP. N.J., Nov. 05, 2019 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NASDAQ: OPTT) a leader in innovative ocean energy solutions, today announced that Jeffrey R. Wiener h...

GlobeNewsWire - 1 year ago

Agreement Provides Flexible Access to Funding at a Lower Cost of Capital Agreement Provides Flexible Access to Funding at a Lower Cost of Capital

GlobeNewsWire - 1 year ago

MONROE TOWNSHIP, N.J., Oct. 24, 2019 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NASDAQ: OPTT), a leader in innovative and cost-effective ocean energy solutions, announced today that...

GlobeNewsWire - 1 year ago

Two Contracts with Enel Green Power Play Central Role in Chilean Marine Energy Research Two Contracts with Enel Green Power Play Central Role in Chilean Marine Energy Research

Seeking Alpha - 1 year ago

Ocean Power Technologies, Inc. (OPTT) CEO George Kirby on Q1 2020 Results - Earnings Call Transcript

GlobeNewsWire - 1 year ago

Investor Conference Call and Webcast on September 18, 2019 at 11:00 A.M. ET Investor Conference Call and Webcast on September 18, 2019 at 11:00 A.M. ET

GlobeNewsWire - 1 year ago

MONROE TOWNSHIP, N.J., Sept. 05, 2019 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NASDAQ: OPTT) a leader in innovative ocean energy solutions, will be presenting at this year's Fall ...

GlobeNewsWire - 1 year ago

MONROE TOWNSHIP, N.J., Aug. 22, 2019 (GLOBE NEWSWIRE) -- Monroe Township, N.J., August 22, 2019 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (“OPT” or “the Company”) (NASDAQ: OPTT), a ...

Seeking Alpha - 1 year ago

Ocean Power Technologies, Inc. (OPTT) CEO George Kirby on Q4 2019 Results - Earnings Call Transcript

Benzinga - 1 year ago

It’s official, March marks my first red month in more than a year. It’s disappointing, but I’m going to take the lessons I’ve learned over the month and move on.

Market Watch - 1 year ago

Shares of Ocean Power Technologies Inc. rocketed 113% on very heavy volume in afternoon trade Wednesday, after the company said it signed a contract to complete a study the use of its products...

About OPTT

Ocean Power Technologies develops and commercializes proprietary systems that generate electricity by harnessing the renewable energy of ocean waves in North and South America, Europe, and Asia. It offers PB3 PowerBuoy system that generates power for use independent of the power grid in remote offshore locations. The company also provides hybrid PowerBuoy products; subsea battery systems; and payloads, integration services, and marine installation services. In addition, it offers electric power and real-time data communications for remote offsh... [Read more...]

Industry
Electrical Equipment & Parts
IPO Date
Apr 25, 2007
CEO
George H. Kirby III
Employees
36
Stock Exchange
NASDAQ
Ticker Symbol
OPTT
Full Company Profile

Financial Performance

In 2020, OPTT's revenue was $1.68 million, an increase of 166.14% compared to the previous year's $632,000. Losses were -$10.35 million, -15.47% less than in 2019.

Financial Statements