NASDAQ:OPTT Ocean Power Technologies (OPTT) Stock Price, News & Analysis $0.32 -0.01 (-3.07%) (As of 12/29/2023 ET) Add Compare Share Share Today's Range$0.32▼$0.3350-Day Range$0.26▼$0.3852-Week Range$0.25▼$0.77Volume268,452 shsAverage Volume268,220 shsMarket Capitalization$18.58 millionP/E RatioN/ADividend YieldN/APrice TargetN/A Stock AnalysisStock AnalysisChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsSocial MediaStock AnalysisChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsSocial Media About Ocean Power Technologies Stock (NASDAQ:OPTT)Ocean Power Technologies, Inc. develops and commercializes proprietary power platforms that generate electricity by harnessing the renewable energy of ocean waves in North America, South America, Australia, and Asia. It offers PB3 PowerBuoy that generates power for use independent of the power grid in offshore locations. The company also provides Next Generation PowerBuoy; subsea battery systems; and software, controls, sensors, integration services, and marine installation services. In addition, it offers Wave Adaptive Modular Vessel (WAM-V) technology, which enables roaming capabilities for uncrewed maritime systems in waters; leases WAM-V robotics and access information; maritime domain awareness solutions; and strategic consulting services. Further, the company provides offshore data collection, integration, analytics, and real time communication for various applications. It serves public and private entities, and agencies that require remote offshore power. Ocean Power Technologies, Inc. was incorporated in 1984 and is headquartered in Monroe Township, New Jersey.Read More OPTT Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart OPTT Stock News HeadlinesDecember 28, 2023 | finance.yahoo.comParagon Reminds OPT Shareholders to ONLY Vote Blue Proxy and Send Message to OPT Board that Change is Needed to Avoid Continued Shareholder LossesDecember 21, 2023 | finance.yahoo.comParagon Technologies Issues Statement to the Stockholders of Ocean Power Technologies. Reminds Stockholders to Vote ONLY the Blue Proxy CardDecember 31, 2023 | MarketBeat Internal (Ad)Claim Your $300 MarketBeat Account CreditClick the link below to claim your $300.00 account credit toward MarketBeat All Access. Pay just $99.00 for your 2024 MarketBeat All Access subscription (normally $399.00)December 19, 2023 | msn.comOcean Power Technologies, Inc. (AMEX:OPTT) Q2 2024 Earnings Call TranscriptDecember 18, 2023 | finance.yahoo.comParagon Technologies Commences Mailing of BLUE Proxy Card and Issues Letter to Ocean Power Technologies ShareholdersDecember 14, 2023 | finanznachrichten.deOcean Power Technologies, Inc. Announces Second Quarter Fiscal 2024 ResultsDecember 13, 2023 | finance.yahoo.comOcean Power Technologies, Inc. Announces Second Quarter Fiscal 2024 ResultsDecember 13, 2023 | finanznachrichten.deParagon Technologies Inc.: Paragon Calls Out Ocean Power's Contract Award Announcements in Response to Paragon's Campaign as Too Little, Too LateDecember 31, 2023 | MarketBeat Internal (Ad)Claim Your $300 MarketBeat Account CreditClick the link below to claim your $300.00 account credit toward MarketBeat All Access. Pay just $99.00 for your 2024 MarketBeat All Access subscription (normally $399.00)December 13, 2023 | barrons.comParagon Calls Out Ocean Power's Contract Award Announcements in Response to Paragon's Campaign as Too Little, Too LateDecember 13, 2023 | finance.yahoo.comParagon Calls Out Ocean Power’s Contract Award Announcements in Response to Paragon’s Campaign as Too Little, Too LateDecember 13, 2023 | finance.yahoo.comOcean Power Technologies Sends Letter to Shareholders Highlighting Continued Execution of Company’s Value-Enhancing StrategyDecember 13, 2023 | finance.yahoo.comRETRANSMISSION: Paragon Calls Out Ocean Power’s Contract Award Announcements in Response to Paragon’s Campaign as Too Little, Too LateDecember 12, 2023 | finance.yahoo.comOcean Power Technologies secures new multi-million-dollar contract with U.S GovernmentDecember 11, 2023 | finance.yahoo.comOcean Power Technologies Secures a Multi-Buoy Letter Contract with a $6.5M Ceiling to Bolster Maritime Domain Awareness for US Government AgenciesDecember 8, 2023 | finance.yahoo.comParagon Technologies Reminds Ocean Power Technologies Shareholders to Vote the BLUE Proxy Card for Paragon’s NomineesDecember 6, 2023 | finance.yahoo.comParagon Technologies Issues Statement to Shareholders of Ocean Power Technologies Regarding the Shameless Entrenchment Actions of the OPTT BoardDecember 5, 2023 | proactiveinvestors.comOcean Power Technologies starts mailing definitive proxy...Ocean Power Technologies starts mailing definitive proxy...November 21, 2023 | finance.yahoo.comOcean Power Technologies to Report 2024 Second Quarter Results on December 13, 2023November 16, 2023 | finance.yahoo.comOcean Power Technologies announces company has charted course to profitabilityNovember 14, 2023 | finance.yahoo.comOcean Power Technologies Announces Action Plan to Achieve Profitability in Calendar Year 2025November 14, 2023 | finance.yahoo.comOPT to Present at Water Tower Research’s Hybrid US Climate Investor Conference on December 7November 6, 2023 | proactiveinvestors.comOcean Power Technologies tackles illegal fishing with uncrewed...October 30, 2023 | finance.yahoo.comOcean Power Technologies announces multiple WAM-V 16s vehicle order from SulmaraOctober 28, 2023 | proactiveinvestors.comOcean Power Technologies’ recent contracts add to already solid pipeline: analystsOctober 26, 2023 | proactiveinvestors.comOcean Power Technologies secures contract to combat illegal fishing with uncrewed technologyOctober 25, 2023 | finance.yahoo.comOcean Power Technologies Awarded Contract with WildAid and Caribbean Law Enforcement to Combat Illegal Fishing with Uncrewed TechnologiesSee More Headlines Receive OPTT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Ocean Power Technologies and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings12/13/2023Today12/31/2023Next Earnings (Estimated)3/11/2024Fiscal Year End4/30/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Electric services Sub-IndustryN/A SectorOils/Energy Current SymbolNASDAQ:OPTT CUSIPN/A CIK1378140 Webwww.oceanpowertechnologies.com Phone(609) 730-0400Fax609-730-0404Employees72Year Founded1984Profitability EPS (Most Recent Fiscal Year)($0.52) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-26,330,000.00 Net Margins-771.15% Pretax Margin-778.32% Return on Equity-71.53% Return on Assets-60.45% Debt Debt-to-Equity RatioN/A Current Ratio3.55 Quick Ratio3.17 Sales & Book Value Annual Sales$3.88 million Price / Sales4.79 Cash FlowN/A Price / Cash FlowN/A Book Value$0.54 per share Price / Book0.59Miscellaneous Outstanding Shares58,789,000Free Float58,272,000Market Cap$18.58 million OptionableNot Optionable Beta2.01 Social Links 7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed InvestorsAs the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.Get This Free Report Key ExecutivesMr. Philipp Stratmann (Age 44)CEO, President & Director Comp: $548.58kMr. Robert Patrick Powers (Age 52)Senior VP & CFO Comp: $390.21kMr. Joseph DiPietro (Age 57)Corporate Controller, Treasurer & Principal Accounting Officer Comp: $222.78kNicholas DayGeneral Counsel & SecretaryMr. Jeff WienerVice President of Global SalesMr. Matthew Burdyny (Age 40)Chief Commercial Officer More ExecutivesKey CompetitorsHeliogenNYSE:HLGNHouston American EnergyNYSE:HUSAMexco EnergyNYSE:MXCSuperior Drilling ProductsNYSE:SDPISnow Lake ResourcesNASDAQ:LITMView All CompetitorsInsiders & InstitutionsBailard Inc.Bought 47,425 shares on 10/24/2023Ownership: 0.409%Peter E SlaibyBought 25,000 shares on 9/28/2023Total: $9,750.00 ($0.39/share)Robert Patrick PowersBought 12,345 shares on 9/18/2023Total: $4,938.00 ($0.40/share)Philipp StratmannBought 12,115 shares on 9/15/2023Total: $4,967.15 ($0.41/share)View All Insider TransactionsView All Institutional Transactions OPTT Stock Analysis - Frequently Asked Questions How have OPTT shares performed in 2023? Ocean Power Technologies' stock was trading at $0.4501 at the start of the year. Since then, OPTT shares have decreased by 29.8% and is now trading at $0.3160. View the best growth stocks for 2023 here. When is Ocean Power Technologies' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, March 11th 2024. View our OPTT earnings forecast. How were Ocean Power Technologies' earnings last quarter? Ocean Power Technologies, Inc. (NASDAQ:OPTT) announced its quarterly earnings results on Wednesday, December, 13th. The energy company reported ($0.12) earnings per share (EPS) for the quarter. The energy company had revenue of $0.89 million for the quarter. Ocean Power Technologies had a negative net margin of 771.15% and a negative trailing twelve-month return on equity of 71.53%. What is George Kirby's approval rating as Ocean Power Technologies' CEO? 3 employees have rated Ocean Power Technologies Chief Executive Officer George Kirby on Glassdoor.com. George Kirby has an approval rating of 72% among the company's employees. What other stocks do shareholders of Ocean Power Technologies own? Based on aggregate information from My MarketBeat watchlists, some companies that other Ocean Power Technologies investors own include Advanced Micro Devices (AMD), Plug Power (PLUG), FuelCell Energy (FCEL), Inovio Pharmaceuticals (INO), MicroVision (MVIS), OPKO Health (OPK), Atossa Therapeutics (ATOS) and Gevo (GEVO). How do I buy shares of Ocean Power Technologies? Shares of OPTT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. 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