Why is Optt stock down?

Why is Optt stock down?

Ocean Power Technologies (OPTT) stock is falling after it canceled plans to build a renewable energy project off the coast of Australia. ... Report are down -20.92% to $1.21 after it canceled plans to build a renewable energy project off the coast of Australia, saying the plan is not "commercially viable."

Is Ocean Power Technologies profitable?

Quality Earnings: OPTT is currently unprofitable. Growing Profit Margin: OPTT is currently unprofitable.

When did Ocean Power Technologies go public?

April 2007 Ocean Power Technologies went public in April 2007, raising $90.1 million in net proceeds. It rode that cash until 2013, when it started to issue shares to raise capital to stay afloat. It most recently raised $15 million in 2019 to fund operations.

What kind of company is Ocean Power Technologies?

renewable energy company Ocean Power Technologies (OPT) is a U.S. publicly owned renewable energy company, providing electric power and communications solutions, services and related for remote offshore applications.

Will Ocean Power stock go up?

Will Ocean Power Technologies - Reg S stock price grow / rise / go up? Yes. The OPTT stock price can go up from 1.820 USD to 1.968 USD in one year.

What is Optt stock forecast?

Stock Price Forecast The 1 analysts offering 12-month price forecasts for Ocean Power Technologies Inc have a median target of 1,200.00, with a high estimate of 1,200.00 and a low estimate of 1,200.00. The median estimate represents a +70,905.92% increase from the last price of 1.69.

What does Ocean Power Technologies do?

CORPORATE PROFILE. Ocean Power Technologies (NYSE American: OPTT) is a pioneer in renewable wave-energy technology that converts ocean wave energy into electricity. OPT's proprietary PowerBuoy® technology is based on a modular design and has undergone periodic ocean testing since 1997.

Why was Optt stock so high?

Not surprisingly under this context, Italian multinational oil and gas company Eni (NYSE:E) extended its lease for the PB3, which the company utilizes to power its underwater vehicles. That's the main reason why OPTT stock soared earlier this month.

What does Optt company do?

Ocean Power Technologies (NYSE American: OPTT) is a pioneer in renewable wave-energy technology that converts ocean wave energy into electricity. ... OPT specializes in advanced autonomous (not grid connected), cost-effective, and environmentally sound ocean wave based power generation and management technology.

Where is Optt located?

New Jersey Headquartered in New Jersey, Ocean Power Technologies (Nasdaq:OPTT) is a pioneer in renewable wave-energy technology that converts ocean wave energy into electricity.

What is happening with Ocean Power Technologies stock?

• The Ocean Power Technologies stock price fell by -1.01% on the last day (Thursday, 9th Sep 2021) from $1.99 to $1.97. and has now fallen 5 days in a row. During the day the stock fluctuated 5.54% from a day low at $1.94 to a day high of $2.05.

What does oceanocean Power Technologies Inc (opt) do?

• Ocean Power Technologies Inc (NYSE: OPTT) has been selected by the U.S. Department of Energy (DOE) to further the development of a next-generation wave energy converter. The company will receive up to ...

What is Ocean Power Technologies' mailing address?

• Ocean Power Technologies' mailing address is 28 ENGELHARD DRIVE SUITE B, MONROE TOWNSHIP NJ, 08831. The energy company can be reached via phone at (609) 730-0400 or via email at [email protected].

How much is an optt stock worth?

• One share of OPTT stock can currently be purchased for approximately $1.93. How much money does Ocean Power Technologies make? Ocean Power Technologies has a market capitalization of $101.24 million and generates $1.21 million in revenue each year. How many employees does Ocean Power Technologies have?