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Ocean Power Technologies, Inc. (OPTT)

NYSEAMERICAN: OPTT · IEX Real-Time Price · USD
2.13 -0.17 (-7.39%)
Sep 24, 2021 4:00 PM EDT - Market closed
Market Cap111.74M
Revenue (ttm)1.31M
Net Income (ttm)-14.45M
Shares Out52.46M
EPS (ttm)-0.37
PE Ration/a
Forward PEn/a
Dividendn/a
Ex-Dividend Daten/a
Volume1,521,651
Open2.29
Previous Close2.30
Day's Range2.12 - 2.31
52-Week Range0.95 - 7.30
Beta2.15
Analystsn/a
Price Target6.00 (+181.7%)
Est. Earnings DateDec 6, 2021

About OPTT

Ocean Power Technologies, Inc. develops and commercializes proprietary systems that generate electricity by harnessing the renewable energy of ocean waves in America, Europe, and Australia. 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 offshore a...

IndustryElectrical Equipment
IPO DateApr 25, 2007
Employees46
Stock ExchangeNYSEAMERICAN
Ticker SymbolOPTT
Full Company Profile

Financial Performance

In 2021, OPTT's revenue was $1.21 million, a decrease of -28.30% compared to the previous year's $1.68 million. Losses were -$14.76 million, 42.6% more than in 2020.

Financial Statements

News

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4 days ago - InvestorPlace

Ocean Power Technologies Announces First Quarter Fiscal 2022 Results

Investor Conference Call and Webcast on September 14, 2021, at 11:00 A.M. ET Investor Conference Call and Webcast on September 14, 2021, at 11:00 A.M. ET

1 week ago - GlobeNewsWire

US DOE Selects Ocean Power Technologies To Support Development Of Wave Energy Converter Concept

Ocean Power Technologies Inc (NYSE: OPTT) has been selected by the U.S. Department of Energy (DOE) to further the development of a next-generation wave energy converter.  The company will receive up to ...

1 month ago - Benzinga

Ocean Power Technologies Announces DOE Award Supporting Development of Next Generation Wave Energy Converter Concept

MONROE TOWNSHIP, N.J., Aug. 17, 2021 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), a leader in innovative and cost-effective low-carbon ocean energy ...

1 month ago - GlobeNewsWire

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1 month ago - PennyStocks

Ocean Power Technologies Announces Fourth Quarter and Full-Year Fiscal 2021 Results

Investor Conference Call and Webcast on July 20, 2021, at 11:00 A.M. ET Investor Conference Call and Webcast on July 20, 2021, at 11:00 A.M. ET

2 months ago - GlobeNewsWire

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2 months ago - PennyStocks

Ocean Power Technologies Added to Russell Microcap® Index

MONROE TOWNSHIP, N.J., June 23, 2021 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or the "Company") (NYSE American: OPTT), a leader in innovative and cost-effective low carbon ocean energy ...

3 months ago - GlobeNewsWire

Ocean Power Technologies Announces Executive Management Changes

Philipp Stratmann Appointed as President and CEO, and Matthew Shafer Promoted to Senior Vice President, CFO and Treasurer

3 months ago - GlobeNewsWire

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3 months ago - PennyStocks

Ocean Power Technologies Announces Planned Transfer of Nasdaq Listing to NYSE American Stock Exchange

MONROE TOWNSHIP, N.J., June 08, 2021 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NASDAQ: OPTT), a leader in innovative and cost-effective ocean energy solutions, announc...

3 months ago - GlobeNewsWire

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3 months ago - InvestorPlace

Ocean Power Technologies Receives $1 Million of Non-Dilutive Funding Through NJEDA Technology Business Tax Certificat...

MONROE TOWNSHIP, N.J., May 12, 2021 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NASDAQ: OPTT), a leader in innovative and cost-effective ocean energy solutions, today an...

4 months ago - GlobeNewsWire

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4 months ago - PennyStocks

Ocean Power Technologies Deploys PB3 PowerBuoy® for Enel Green Power in Chile

MONROE TOWNSHIP, N.J., April 22, 2021 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NASDAQ: OPTT), a leader in innovative and cost-effective ocean energy solutions, today ...

5 months ago - GlobeNewsWire

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5 months ago - PennyStocks

Ocean Power Technologies May Be an Aspirational Investment to Believe In

There's no denying that OPTT stock is a speculative venture. But if you can handle the risk, there's a compelling narrative here.

5 months ago - InvestorPlace

Ocean Power Technologies Might Finally Be Serious About Making Money

Ocean Power Technologies is finally serious about making money. And that means OPTT stock could grow into its current valuation and then some.

5 months ago - InvestorPlace

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