Ocean Power Technologies, Inc. (OPTT)


Stock Price Forecast

April 18, 2024


Forecasted Returns

7 Days Predict

30 Days Predict

90 Days Predict


Forecasted Market-Excess Returns

7 Days Predict

30 Days Predict

90 Days Predict

Loading Ocean Power Technologies, Inc. chart...

About the Company

Ocean Power Technologies (OPT) is a U.S. publicly owned renewable energy company, providing electric power and communications solutions, services and related for remote offshore applications. The company's PowerBuoy wave energy conversion technology is theoretically scalable to hundreds of megawatts and the generated energy from wave power can be supplied to the grid via submarine cables. Several projects were undertaken around the world, but the economic viability of the theoretical concept has been problematic. Ocean Power was involved in several large PowerBuoy projects, including a very large Australian project with Lockheed Martin from 2012–2014, when they determined that "the project wasn’t 'commercially viable,' and [the company] changed its strategy. It has since commercialized the technology by providing power and communications to remote sites such as offshore oil fields."Ocean Power Technologies Australasia Pty Ltd, OPTA is an Australian-owned subsidiary of Ocean Power Technologies Inc (OPT), previously engaged in wave power projects in Australia. Ocean Power Technologies Limited is the UK-based wholly owned subsidiary.

Sector

Energy & Transportation

Industry

Electric Services

Employees

86

Exchange

NYSE

$4M

Total Revenue

86

Employees

$12M

Market Capitalization

-0.64

Price/Earning ratio

Fundamental Data and Insider Transactions (Quarterly data) Full Screen

Loading the fundamentals chart...

Latest $OPTT News

Ocean Power Technologies looks to expand growth teaming with major defense contractor

2d ago, source:

Ocean Power Technologies CEO Philipp Stratmann joined Steve Darling from Proactive to unveil a groundbreaking development: ...

Ocean Power Technology Loses Ground On News

3d ago, source:

Peloton Drops Free Membership Option <li /> ARKO Arm Trumpets New Location <li /> SAB Leaps on Completing Latest Cohort <li ...

Ocean Power Technologies Announces Participation in NATO Digital Ocean Industry Symposium

2d ago, source:

The NATO Digital Ocean Industry Symposium is a landmark initiative aimed at enhancing Maritime Situational Awareness (MSA) from Seabed to Space. The symposium will focus on the exploitation of ...

Ocean Power Technologies Announces Teaming Agreement with Major International Defense Contractor to Deploy Maritime Domain Awareness Solutions

3d ago, source:

Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced it has ...

Ocean Power Technologies teams with Red Cat to provide advanced maritime defence solutions

10d ago, source:

Ocean Power Technologies CEO Philipp Stratmann joined Steve Darling from Proactive to announce a significant strategic ...

Ocean Power Board Battle Widens With New Lawsuit by Paragon

7d ago, source:

Paragon Technologies Inc. sued Ocean Power Technologies Inc. on Friday, seeking to force the offshore energy company to redo ...

Ocean Power Technologies (OPTT) Stock Price and Analyst Predictions

6mon ago, source: newsheater

The stock has a 36-month beta value of 2.10. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.” The public float for OPTT is 55.17M ...

Ocean Power Technologies collaborates with Red Cat for maritime defense solutions

on MSN ago, source:

Ocean Power Technologies (NYSE:OPTT) said Monday it has signed a strategic alliance with Red Cat Holdings (NASDAQ:RCAT), a drone technology ...

Ocean Power Hooks Up With Red Cat

11d ago, source: InvestingChannel on MSN

Ford Pauses Electric Vehicle Production In Canada <li /> Nvidia To Build $200 Million A.I. Centre In Indonesia <li /> Apple Scuttles Car Proje ...

Ocean Power Technologies Announces “Merrows”: A Consolidated Solution for Maritime Domain Awareness

17d ago, source:

Ocean Security is National Security™ Services for the Defense, National Security, and Offshore IndustriesMONROE TOWNSHIP, N.J., April 02, 2024 (GLOBE NEWSWIRE) -- (NYSE American: OPTT) (“OPT” or the ...

Red Cat Announces Agreement with Sentien Robotics UAS Hive for Land, Air and Sea Drone Swarming Operations

1d ago, source: SUAS News

Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat”), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, announces a ...

8 AI-Based Altcoins To Sell For A Lean Crypto Portfolio With 100X Potential

2d ago, source: Coingape

The cryptocurrency market is undergoing a notable shift, with AI-based altcoins becoming pivotal. Investors are currently ...

Latest Neutral (free) Forecasts

STRONG BUY BUY NEUTRAL SELL STRONG SELL ALL

Loading the latest forecasts...

My Portfolio

Loading your portfolio...