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Ocean Power Technologies Inc   (OPTT)
Other Ticker:  
 
    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities
 
Price: $0.2995 $0.01 3.993%
Day's High: $0.3 Week Perf: 2.81 %
Day's Low: $ 0.29 30 Day Perf: -12.91 %
Volume (M): 227 52 Wk High: $ 0.77
Volume (M$): $ 68 52 Wk Avg: $0.43
Open: $0.29 52 Wk Low: $0.25



 Market Capitalization (Millions $) 18
 Shares Outstanding (Millions) 59
 Employees -
 Revenues (TTM) (Millions $) 4
 Net Income (TTM) (Millions $) -27
 Cash Flow (TTM) (Millions $) -4
 Capital Exp. (TTM) (Millions $) 1

Ocean Power Technologies Inc
Ocean Power Technologies Inc. (OPT) is a renewable energy company that specializes in harnessing the power of ocean waves to generate electricity. The company develops and manufactures proprietary systems, including their flagship product, the PowerBuoy, which converts the mechanical energy of ocean waves into electrical power.

These innovative devices are designed to be scalable and deployable in various ocean environments, providing a sustainable and clean energy solution. OPT's systems are primarily used for applications such as remote power, offshore oil and gas operations, seawater desalination, and data monitoring.

With a focus on technology advancement and cost efficiency, OPT aims to provide reliable and commercially viable wave energy solutions. Through partnerships and collaborations with government agencies, universities, and industry players, the company continues to research and develop new technologies to maximize the potential of ocean wave power.


   Company Address: 28 ENGELHARD DRIVE MONROE TOWNSHIP 8831 NJ
   Company Phone Number: 730-0400   Stock Exchange / Ticker: NYSEAMER OPTT
   


   

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Financing Agreement

Ocean Power Technologies, a leading provider of ocean energy solutions, has announced a groundbreaking partnership with AT&T and the Naval Postgraduate School for the deployment of a 5G-enabled PowerBuoy in Monterey Bay This collaboration aims to harness the power of renewable ocean energy while leveraging the capabilities of 5G technology

Published Wed, Feb 14 2024 1:15 PM UTC

Ocean Power Technologies, a leading provider of ocean energy solutions, has announced a groundbreaking partnership with AT&T and the Naval Postgraduate School for the deployment of a 5G-enabled PowerBuoy in Monterey Bay. This collaboration aims to harness the power of renewable ocean energy while leveraging the capabilities of 5G technology.
The PowerBuoy is an innovativ...

Contract

Ocean Power Technologies Sees Surge in Orders for WAM-V Unmanned Surface Vehicles as Demand for Innovative Maritime Solutions Soars

Published Mon, Feb 12 2024 9:15 PM UTC

Ocean Power Technologies Secures Orders Exceeding $1.25 Million for Fully Integrated WAM-V Unmanned Surface Vehicles, as Surge in Demand for Innovative Maritime Solutions Drives Significant OrdersOcean Power Technologies (OPT), a leading provider of advanced ocean energy solutions, has recently announced a surge in demand for its cutting-edge WAM-V (Wave Energy Marine Vessel...

Financing Agreement

Ocean Power Technologies Awarded $1.2 Million by NJEDA's NOL Program to Advance Marine Power Solutions

Published Mon, Jan 29 2024 1:28 PM UTC

Ocean Power Technologies (OPT), a leading provider of low-carbon marine power solutions, has announced that it has been awarded approximately $1.2 million under the New Jersey Economic Development Authority (NJEDA) 2023 Technology Business Tax Certificate Transfer Program, also known as the Net Operating Loss (NOL) Program. This funding will support OPT's ongoing efforts to ...

Stock Market Announcement

Ocean Power Technologies Inc Calls for Shareholders' Unified Action: Vote ONLY on WHITE Proxy Card to Shape the Future Success of the Company

Published Thu, Jan 18 2024 9:15 PM UTC

Ocean Power Technologies Inc (OPT) has issued a press release urging all its shareholders to vote ONLY on the WHITE proxy card for all the company's board nominees and other proposals. The impact of this decision on the shareholders cannot be underestimated, as it holds significant implications for the future direction of the company and its profitability.
As one of the ...

Contract

Ocean Power Technologies Boosts US National Security with $6.5M Maritime Awareness Buoy Contract

Published Mon, Dec 11 2023 1:30 PM UTC


Ocean Power Technologies, Inc. (NYSE American: OPTT), an innovative leader specializing in cost-effective and low-carbon marine power, data, and service solutions, recently made an announcement that will have a substantial impact on the maritime security sector. The company, also known as OPT or the Company, has secured a letter contract from a US-based prime contractor...






 

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