OPTT - Ocean Power Technologies, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
0.4086
+0.0086 (+2.15%)
At close: 4:00PM EDT
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Previous close0.4000
Open0.4095
Bid0.4001 x 1800
Ask0.4240 x 2200
Day's range0.3960 - 0.4100
52-week range0.3300 - 2.5800
Volume209,810
Avg. volume736,249
Market cap3.782M
Beta (5Y monthly)2.57
PE ratio (TTM)N/A
EPS (TTM)-2.1180
Earnings date09 Mar 2020
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est6.00
  • GlobeNewswire

    Ocean Power Technologies Receives $0.9 Million of Non-Dilutive Funding Through the New Jersey Economic Development Authority’s Technology Business Tax Certificate Transfer Program

    Ocean Power Technologies, Inc. (OPTT), a leader in innovative and cost-effective ocean energy solutions, announced today that it recently received $0.9 million of non-dilutive funding through the New Jersey Economic Development Authority’s Technology Business Tax Certificate Transfer Program (the “Program”). The Program enables companies to raise funding to finance their growth and operations and is administered by the New Jersey Economic Development Authority (NJEDA) and the New Jersey Department of the Treasury’s Division of Taxation. Under the Program, New Jersey-based technology and biotechnology companies with fewer than 225 US employees may be eligible to sell net operating losses (NOLs) and research and development tax credits to unaffiliated corporations up to a maximum lifetime benefit of $15 million per business.

  • The Ocean Could Be The Ultimate Renewable Energy Source
    Oilprice.com

    The Ocean Could Be The Ultimate Renewable Energy Source

    While the world races to curb global emissions, ocean power offers a promising alternative that could help meet growing energy demand in the future

  • GlobeNewswire

    Groundbreaking Carbon-Free Autonomous Subsea Vehicle Residency Solution Advances

    MONROE TOWNSHIP, N.J., March 10, 2020 -- Ocean Power Technologies, Inc. (NASDAQ: OPTT), a leader in innovative and cost-effective ocean energy solutions, today announced that.

  • GlobeNewswire

    Ocean Power Technologies Announces Third Quarter Fiscal 2020 Results

    Increased Revenue Compared to Prior Year by 171% and Shipped a PB3 PowerBuoy® to Chile for Deployment Investor Conference Call and Webcast on March 10, 2020 at 11:00 A.M. ET.

  • GlobeNewswire

    Eni Taps Ocean Power Technologies PowerBuoy® for New Mission

    Ocean Power Technologies, Inc. (OPTT), a leader in innovative and cost-effective ocean energy solutions, today announced that Eni, one of the world’s largest energy companies, has extended its lease of a PB3 PowerBuoy® for an additional 18 months. OPT has also been contracted for an additional scope of work to provide a power and communications solution for an entirely new application in the Adriatic Sea.

  • GlobeNewswire

    Ocean Power Technologies & Taiwan-based Firm BAP Precision Sign Letter of Intent

    MONROE TOWNSHIP, N.J., Feb. 28, 2020 -- Ocean Power Technologies, Inc. (NASDAQ: OPTT), a leader in innovative and cost-effective ocean energy solutions, today announced that it.

  • GlobeNewswire

    The Ocean Power Technologies hybrid PowerBuoy® is Coming!

    MONROE TOWNSHIP, N.J., Feb. 27, 2020 -- Ocean Power Technologies, Inc. (NASDAQ: OPTT), a leader in innovative and cost-effective ocean energy solutions, today announced that.

  • GlobeNewswire

    Ocean Power Technologies Announces Second Quarter Fiscal 2020 Results

    Landmark PB3 PowerBuoy® Sale Investor Conference Call and Webcast on December 10, 2019 at 11:00 A.M. ET MONROE TOWNSHIP, N.J., Dec. 09, 2019 -- Ocean Power Technologies,.

  • GlobeNewswire

    Ocean Power Technologies Announces Commercial Update

    MONROE TOWNSHIP, N.J., Nov. 07, 2019 -- Ocean Power Technologies, Inc. (NASDAQ: OPTT), a leader in innovative ocean energy solutions, today announced it will host a Commercial.

  • GlobeNewswire

    Jeffrey R. Wiener Joins Ocean Power Technologies as Vice President of Global Sales

    Ocean Power Technologies, Inc. (OPTT) a leader in innovative ocean energy solutions, today announced that Jeffrey R. Wiener has joined the company as Vice President of Global Sales. Prior to joining OPT, Jeff was Senior Vice President of Sales for EOS Energy Storage, where he helped to develop and commercialize Eos’s proprietary zinc hybrid battery storage solution.

  • GlobeNewswire

    Ocean Power Technologies Enters into $10 million Common Stock Purchase Agreement with Aspire Capital Fund

    Ocean Power Technologies, Inc. (OPTT), a leader in innovative ocean energy solutions, announced today it has executed a new Common Stock Purchase Agreement (the “Purchase Agreement”) with Aspire Capital Fund, LLC (“Aspire Capital”) to sell up to $10 Million in common stock to Aspire Capital over a term of 30 months. “We are excited to renew our partnership with Aspire Capital and the flexibility to potentially access capital on a cost-effective basis,” said George H. Kirby, President and Chief Executive Officer of Ocean Power Technologies.

  • GlobeNewswire

    Ocean Power Technologies to Attend OCEANS 2019 Seattle Conference

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

  • GlobeNewswire

    Ocean Power Technologies Announces PB3 PowerBuoy® Sale and Pioneering Turn-Key Ocean Sea Lab Development

    Ocean Power Technologies, Inc. (OPTT), a leader in innovative ocean energy solutions, today announced the signing of two new contracts with Enel Green Power Chile (EGP), a subsidiary of Enel Chile, part of the Enel Group, a multinational energy company and a leading global integrated electricity and gas operator. The combined value of the contracts exceeds US$1.9 million and includes the sale of a PB3 PowerBuoy® and the development and supply of a state-of-the-art, turn-key integrated Open Sea Lab that will be OPT’s first deployment off the coast of Chile. The first contract with Enel Green Power Chile Limitada S.A., a subsidiary of Enel Chile, provides for the supply of a PB3 PowerBuoy® along with associated mooring system, and will provide turn-key system deployment off the coast of Las Cruces, Chile as an autonomous offshore platform powering a suite of oceanographic sensors and transmitting real-time data back to land.

  • GlobeNewswire

    Ocean Power Technologies Announces First Quarter Fiscal 2020 Results

    MONROE TOWNSHIP, N.J., Sept. 16, 2019 -- Ocean Power Technologies, Inc. (“OPT” or “the Company”) (NASDAQ: OPTT), a leader in innovative and cost-effective ocean energy.

  • Ocean Power Technologies Announces the Successful North Sea Deployment of the PB3 PowerBuoy® for Premier Oil
    GlobeNewswire

    Ocean Power Technologies Announces the Successful North Sea Deployment of the PB3 PowerBuoy® for Premier Oil

    This latest deployment of a PB3 PowerBuoy® will serve Premier as an autonomous intelligent platform to provide communications and remote monitoring services at Premier’s Huntington field in the central North Sea. During the deployment, Premier will demonstrate the PB3 PowerBuoy® capabilities, its ability to monitor the local environment and alert ships of the field’s safety zone as a potential solution to help with their future decommissioning related operations.

  • GlobeNewswire

    Ocean Power Technologies Announces Fiscal 2019 Fourth Quarter and Full Year Results

    MONROE TOWNSHIP, N.J., July 22, 2019 -- Ocean Power Technologies, Inc. (“OPT” or “the Company”) (NASDAQ: OPTT), a leader in innovative and cost-effective ocean energy.

  • GlobeNewswire

    Ocean Power Technologies Announces the Date for the Release of Fourth Quarter and Fiscal Year 2019 Results, Conference Call and Webcast

    Ocean Power Technologies, Inc. (“OPT” or “the Company”) (OPTT), a leader in innovative and cost-effective ocean energy solutions, announced today that it will release operational and financial results for its fourth quarter and fiscal year 2019 on Monday, July 22, 2019 after the market closes. Ocean Power Technologies’ management will host a conference call and webcast to review its financial and operating results on Tuesday, July 23, 2019 at 9:00 a.m. Eastern Time. Interested parties may access the conference call by dialing 1-877-407-8291 (toll free in the U.S.) or 201-689-8345 for international callers.

  • GlobeNewswire

    Ocean Power Technologies Receives U.S. Patent for its Power Take-Off System for use with Wave Energy Conversion Buoys

    Ocean Power Technologies, Inc. (OPTT) (“OPT”, or “the Company”), a leader in innovative and cost-effective ocean energy solutions, announced today that the Company has received a new U.S. patent for its Power Take-Off (PTO) System which is the mechanical heart of the PB3 PowerBuoy®. Ocean waves that pass-by the PowerBuoy® create a relative linear motion between the float and the spar components of the PB3. George H. Kirby, President and Chief Executive Officer of OPT, stated, “This new patent provides significant additional protection for our proprietary technology that enables the PowerBuoy® to be deployed and to perform autonomously in the toughest waters in the world.