Ocean Power Technologies

Ocean Power Technologies, Inc. engages in commercializing proprietary systems that generate electricity predominantly by harnessing the renewable energy of ocean waves. It offers PB3 PowerBuoy, which generates electricity by harnessing the renewable energy of ocean waves. It operates through the following geographical segments: North and South America, Europe, and Asia and Australia. The company was founded by George W. Taylor on April 19, 1984 and is headquartered in Monroe Township, NJ.

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Ocean Power Technologies reports fiscal growth amidst shareholder challenges

Ocean Power Technologies (OPTT) showcased technological achievements and strategic partnerships in fiscal 2024 despite financial challenges from a dissident shareholder.
With a focus on achieving profitability by the second half of calendar 2025, OPTT aims to leverage cost optimization and operational efficiencies for future success.
Dr. Stratmann's emphasis on growth trajectory, market opportunities, and shareholder value underscores OPTT's commitment to driving innovation and value creation.

Ocean Power Technologies (OPTT) reports strong Q1 results and advances in renewable energy technology

Ocean Power Technologies (OPTT) delivered improved financial performance in Q1 '25 with revenue growth, cost reductions, and a strengthened backlog, signaling positive momentum.
The company's focus on innovation, strategic partnerships, and operational efficiency positions it well for future growth and market leadership in the renewable energy sector.
While OPTT faces challenges in maintaining profitability and cash flow, opportunities lie in leveraging its technological advancements and market demand to drive sustainable growth.

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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 announced that it has received $1 million of non-dilutive funding through the New Jersey Economic Development Authority's (NJEDA) Technology Business Tax Certificate Transfer Program.

Ocean Power Technologies Receives $1 Million of Non-Dilutive Funding Through NJEDA Technology Business Tax Certificate Transfer Program

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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 announced the deployment of a PB3 PowerBuoy® for Enel Green Power (EGP) off the coast of Las Cruces, Chile to support the country's transition to clean energy.

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

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

Ocean Power Technologies May Be an Aspirational Investment to Believe In

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

Ocean Power Technologies Might Finally Be Serious About Making Money

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Ocean Power Technologies, Inc. (OPTT) CEO George Kirby on Q3 2021 Results - Earnings Call Transcript

The stock price of Ocean Power Technologies, Inc. (Nasdaq: OPTT) increased by over 39% during intraday trading. This is why it happened.

OPTT Stock Price Increased Over 39% Intraday: Why It Happened

Investor Conference Call and Webcast on March 9, 2020, at 11:00 A.M. ET Investor Conference Call and Webcast on March 9, 2020, at 11:00 A.M. ET

Ocean Power Technologies Announces Third Quarter FY2021 Results

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Shares have rallied aggressively over the past 11 months. The market clearly likes the fundamentals. Management believes the PB3 PowerBuoy can be used in multiple sectors.

Ocean Power Technologies: Big Potential But Needs To Execute Quickly

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Ocean Power Technologies Welcomes Three New Members to its Board of Directors

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Ocean Power Technologies Announces Second Quarter FY2021 Results

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

Ocean Power Technologies Taps SeaTrepid International for First Remote OPT PowerBuoy® Deployment

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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 solutions, today announced that Jorge Franco has joined the Company as Regional Sales Representative based in Spain. Reporting to OPT Vice President, Global Sales Jeff Wiener, Mr. Franco will concentrate on opportunities in Southern Europe.

Ocean Power Technologies Expands Commercial Team With Southern Europe-Based Representative

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' Project

DeepStar® Awards Subsea Systems Engineering Contract to Ocean Power Technologies

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 Possibilities appeared first on InvestorPlace.

OPTT Stock Floats an Ocean of Possibilities

News for Ocean Power Technologies Stock (OPTT)