OCEAN POWER TECH

OPTT NASDAQ
1.960
-0.090
-4.39%
After Hours: 2.030 +0.07 +3.57% 17:13 05/24 EDT
Open
2.020
Prev Close
2.050
High
2.100
Low
1.955
Volume
163.75K
Avg Vol (3M)
1.08M
52 Week High
23.80
52 Week Low
1.955
% Turnover
13.11%
Market Cap
2.45M
1D
5D
1M
3M
1Y
5Y

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Company Profile

Ocean Power Technologies, Inc. is developing and seeking to commercialize its systems that generate electricity by connecting the renewable energy of ocean waves. The Company's PowerBuoy systems use technologies that convert the mechanical energy created by the rising and falling of ocean waves into electricity. The Company focuses on developing its PowerBuoy product line, which is based on modular, ocean-going buoys. Its autonomous PowerBuoy generates power for use in remote locations, independent of an existing power grid. The Company focuses on developing and commercializing its PowerBuoy products and services for use in autonomous power applications. The Company markets its PowerBuoys in the United States and internationally. The autonomous PowerBuoy integrates a power take-off (PTO) and onboard system for energy storage and management. Its PowerBuoy product is the PB3. PB3 can act as an uninterruptable power supply (UPS), which recharges itself by harvesting energy from the waves.
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