The stock of Ocean Power Technologies Inc (NASDAQ:OPTT) is a huge mover today! About 1.04M shares traded hands. Ocean Power Technologies Inc (NASDAQ:OPTT) has risen 1.30% since April 8, 2016 and is uptrending. It has underperformed by 4.34% the S&P500.
The move comes after 5 months positive chart setup for the $14.10M company. It was reported on Nov, 10 by Barchart.com. We have $5.43 PT which if reached, will make NASDAQ:OPTT worth $15.93M more.
According to Zacks Investment Research, “OCEAN POWER TECHNOLOGIES, Inc. is a leading renewable energy company specializing in cost effective, advanced, and environmentally sound offshore wave power technology. The electrical power generated by OPT’s technology is key to meeting the energy needs of utilities, independent power producers and the public sector. OPT’s PowerBuoy system extracts the natural energy in ocean waves, and is based on the integration of patented technologies in hydrodynamics, electronics, energy conversion and computer control systems. The PowerBuoy is a smart system capable of responding to differing wave conditions.The result is a leading edge, ocean-tested, proprietary system which generates reliable, clean, and environmentally-beneficial electricity.”
More notable recent Ocean Power Technologies Inc (NASDAQ:OPTT) news were published by: Fortune.com which released: “This Wave-Power Company’s Stock Jumped 75%” on July 16, 2016, also Reuters.com with their article: “BRIEF-Ocean Power Technologies Inc. announces pricing of common stock offe…” published on October 14, 2016, Thestreet.com published: “Why Ocean Power Technologies (OPTT) Stock Is Spiking Today” on July 15, 2016. More interesting news about Ocean Power Technologies Inc (NASDAQ:OPTT) were released by: 247Wallst.com and their article: “Ocean Power Technologies Announces Pricing for Secondary Offering” published on October 15, 2016 as well as Thestreet.com‘s news article titled: “Ocean Power Technologies (OPTT) Stock Skyrockets on Mitsui Lease Agreement” with publication date: June 01, 2016.
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