The stock of Ocean Power Technologies Inc (NASDAQ:OPTT) is a huge mover today! About 640,623 shares traded hands or 14.03% up from the average. Ocean Power Technologies Inc (NASDAQ:OPTT) has risen 405.93% since March 1, 2016 and is uptrending. It has outperformed by 396.68% the S&P500.
The move comes after 5 months positive chart setup for the $21.84M company. It was reported on Oct, 4 by Barchart.com. We have $11.04 PT which if reached, will make NASDAQ:OPTT worth $12.01 million 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: Streetinsider.com which released: “Ocean Power Technologies (OPTT) Announces Successful Completion of Pre …” on October 04, 2016, also Seekingalpha.com with their article: “Ocean Power Technologies: Destined To Wipe Out?” published on September 30, 2016, Fortune.com published: “This Wave-Power Company’s Stock Jumped 75%” on July 16, 2016. More interesting news about Ocean Power Technologies Inc (NASDAQ:OPTT) were released by: Thestreet.com and their article: “Why Ocean Power Technologies (OPTT) Stock Is Spiking Today” published on July 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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