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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In light of a business connection to none other than the U.S. Navy, the argument for OPTT stock as a defense-tech winner remains compelling. The post Navy Subcontract Should Propel Ocean Power Technologies appeared first on InvestorPlace.

Navy Subcontract Should Propel Ocean Power Technologies

If Ocean Power Technologies' product is special, why hasn't General Electric acquired it? OPTT stock is trading less than $2 for a reason.

Ocean Power Technologies Makes GE Look Like a Slam Dunk

Given its poor financials and history of underperformance, OPTT stock is not for the faint of heart. But the contrarian speculator may see future value in this green energy investment.

Ocean Power Technologies Is the Novavax of the High Seas

Get ready for more investments pouring into alternative and greener energy technologies, but the future for OPTT stock has other challenges. The post How Good Is the Surf in Ocean Power Technologies Stock?

How Good Is the Surf in Ocean Power Technologies Stock?

Give OPTT stock a try for exposure to a variety of compelling investment opportunities in the fascinating clean energy space. The post Ocean Power Technologies Will Sail Further on Renewable Energy Movement appeared first on InvestorPlace.

Ocean Power Technologies Will Sail Further on Renewable Energy Movement

Sunworks

Peck Company Holdings Inc (The)

Investors appear to be over the moon Wednesday as shares of three alternative energy firms were absolutely soaring.

Why Alt Energy Providers Sunworks, Peck, Ocean Power Are Skyrocketing

Shares of Ocean Power Technologies Inc. OPTT, +34.16% charged 34% higher in very active trading, to keep its recent big rally going, although the provider of electric power and data communications for remote offshore and subsea use has not released any news. Trading volume was 42.6 million shares, making the stock the most actively traded on major U.S. exchanges.

Ocean Power Technologies stock continues to soar on heavy volume

Ocean Power Technologies (OPTT) is seeing a massive spike in its stock on Monday and we have what investors need to know about it. The post Ocean Power Technologies: 14 Things to Know About OPTT Stock appeared first on InvestorPlace.

Ocean Power Technologies: 14 Things to Know About OPTT Stock

New Agreement Provides Flexible Access to Funding at a Lower Cost of Capital New Agreement Provides Flexible Access to Funding at a Lower Cost of Capital

Ocean Power Technologies Enters Into a New $12.5 Million Common Stock Purchase Agreement With Aspire Capital Fund

Investor Conference Call and Webcast on September 15, 2020, at 11:00 A.M. ET Investor Conference Call and Webcast on September 15, 2020, at 11:00 A.M. ET

Ocean Power Technologies Announces First Quarter FY2021 Results

Newly Created Strategic Role Will Execute OPT’s Asia-Pacific Market Expansion Newly Created Strategic Role Will Execute OPT’s Asia-Pacific Market Expansion

Ocean Power Technologies Expands Commercial Team With Indonesia-Based Representative

Over One-and-a-Half Years of Continuous Unabated Autonomous Wave Energy Conversion Over One-and-a-Half Years of Continuous Unabated Autonomous Wave Energy Conversion

Ocean Power Technologies’ PB3 PowerBuoy® Achieves New Operational Milestone

Strategically Situated in the Hub of Global Oil and Gas Operations and Energy Innovation Strategically Situated in the Hub of Global Oil and Gas Operations and Energy Innovation

Ocean Power Technologies Opens Houston Office to Support Energy Sector Business Development

Modular Subsea Energy Storage as Part of Expanded Solutions for Ocean Electrification Modular Subsea Energy Storage as Part of Expanded Solutions for Ocean Electrification

Ocean Power Technologies Unveils Its Subsea Battery Solution

Scalable PowerBuoy® Surveillance Solution Can Link Multiple Marine Coverage Zones Over Extended Distances Scalable PowerBuoy® Surveillance Solution Can Link Multiple Marine Coverage Zones Over Extended Distances

Ocean Power Technologies Unveils Autonomous Surface Surveillance Solution for Offshore Territorial Applications

Revenue Increase Over Prior Year, PowerBuoy® Sale and Lease Extension Highlight Fiscal Year

Ocean Power Technologies Announces Fourth Quarter and Full Year Fiscal 2020 Results

Easily Deployable Offshore Power & Communications Platform Completes Successful Sea Trial Easily Deployable Offshore Power & Communications Platform Completes Successful Sea Trial

Ocean Power Technologies Launches hybrid PowerBuoy®

MONROE TOWNSHIP, N.J., May  01, 2020  (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NASDAQ: 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”).

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, Modus Seabed Intervention & Saab Seaeye Project Seeks U.S. Government Funding Ocean Power Technologies, Modus Seabed Intervention & Saab Seaeye Project Seeks U.S. Government Funding

Groundbreaking Carbon-Free Autonomous Subsea Vehicle Residency Solution Advances

Redeploying the PB3 to an Unmanned Production Platform in the Adriatic Sea Redeploying the PB3 to an Unmanned Production Platform in the Adriatic Sea

Eni Taps Ocean Power Technologies PowerBuoy® for New Mission

Focus on Surveillance Solutions Throughout Southeast Asia Focus on Surveillance Solutions Throughout Southeast Asia

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

Easily Deployed, Dual Powered Solution Prototyping Underway Easily Deployed, Dual Powered Solution Prototyping Underway

The Ocean Power Technologies hybrid PowerBuoy® is Coming!

The Ocean Renewable Energy Action Coalition just launched. As a result, is Ocean Power Technologies and OPTT stock worth a look?

Do Not Put Ocean Power Technologies Stock in Your 401k

MONROE TOWNSHIP. N.J., Nov.  05, 2019  (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NASDAQ: 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.

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

Agreement Provides Flexible Access to Funding at a Lower Cost of Capital Agreement Provides Flexible Access to Funding at a Lower Cost of Capital

News for Ocean Power Technologies Stock (OPTT)