Ocean Power Technologies, Inc. (OPTT)
Ocean Power Technologies, Inc. (OPTT) is a developer of renewable energy solutions that harness the power of ocean waves to generate electricity. Established in 1984, the company focuses on designing and commercializing wave energy conversion systems to provide sustainable and predictable power for remote locations, offshore applications, and the utility grid. Ocean Power Technologies aims to advance the utilization of marine energy resources as a clean alternative to traditional energy sources.
Company News
Ocean Power Technologies reported fiscal 2025 results with increased backlog, strategic international partnerships, and reduced operating expenses, focusing on maritime autonomous solutions for defense and commercial markets.
Several industrial stocks saw significant pre-market movement on Thursday, with Zoomcar Holdings, Mesa Air Group, and Dragonfly Energy Holdings among the notable gainers, while Shapeways Holdings, Solidion Technology, and Ocean Power Technologies were among the decliners.
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On Thursday, Ocean Power Technologies Inc. (NASDAQ:OPTT) shares advanced by more than 2%, extending this week’s post-earnings gains to 18%. The stock had spiked nearly 10% on Wednesday. Ocean Power reported its most recent quarterly results, Tuesday after the close, registering a significant revenue growth and a squeeze in loss per share. The company posted […] The post Is it too late to buy Ocean Power Technologies stock after spiking 18% after earnings? appeared first on Invezz.