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OPTT - Ocean Power Technologies
$5.60
1.42(33.97%)9:00:00 PM 1/22/2021
Ocean Power Technologies is a U.S. publicly owned renewable energy company, providing electric power and communications solutions, services and related for remote offshore applications. The company's PowerBuoy wave energy conversion technology is theoretically scalable to hundreds of megawatts and the generated energy from wave power can be supplied to the grid via submarine cables. Several projects were undertaken around the world, but the economic viability of the theoretical concept has been problematic. Ocean Power was involved in several large PowerBuoy projects, including a very large Australian project with Lockheed Martin from 2012–2014, when they determined that "the project wasn’t 'commercially viable,' and [the company] changed its strategy. It has since commercialized the technology by providing power and communications to remote sites such as offshore oil fields."
Stock Chart

Summary:

  • Price Zscore is at a recent 2 week high. A recent high ZScore means price movement is accelerating at a record speed.
  • Volatility is at a recent 2 week high. A high volatility of stock movement indicates uncertainty.
  • A moving average of Short volume ratio is at a recent 2 week high. A high short volume ratio indicate selling presures.
  • RSI is at a high level of 86. A high level of RSI indicates the stock is overbought.
  • MACD is crossing MACD signal line at 0.2. MACD crossing signal line is bullish signal.

Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from 

Finra

Moving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most effective momentum indicators available.

Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. According to Wilder, RSI is considered overbought when above 70 and oversold when below 30.

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Stock news

    12/23/2020OPTT
    Ocean Power Technologies Welcomes Three New Members to its Board of Directors

    Hewlett, Purcel & Slaiby Elected as Independent DirectorsMONROE TOWNSHIP, N.J., Dec. 23, 2020 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NASDAQ: OPTT), a leader in innovative and cost-effective ocean energy solutions, today announced that Clyde W. Hewlett, Diana G. Purcel, and Peter E. Slaiby were elected to its Board of Directors by the Company stockholders at the 2020 Annual General Meeting effective December 23, 2020. "We are excited to welcome Clyde, Diana,...

    12/7/2020OPTT
    Ocean Power Technologies Announces Second Quarter FY2021 Results

    Investor Conference Call and Webcast on December 8, 2020, at 11:00 A.M. ETMONROE TOWNSHIP, N.J., Dec. 07, 2020 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (Nasdaq: OPTT), a leader in innovative and cost-effective ocean energy solutions, today announced financial results for the second quarter of fiscal year 2021 ended October 31, 2020. Recent Operational Highlights * Signed contract with Adams Communications & Engineering Technology (ACET) to evaluate a PB3 Powe...

    12/7/2020OPTT
    Ocean Power Technologies Taps SeaTrepid International for First Remote OPT PowerBuoy® Deployment

    Turnkey Installation of OPT PowerBuoy® Solution in ChileMONROE TOWNSHIP, N.J., Dec. 07, 2020 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NASDAQ: OPTT), a leader in innovative and cost-effective ocean energy solutions, today announced it has contracted SeaTrepid International, LLC to deploy a turnkey PB3 PowerBuoy® and oceanographic monitoring system off the coast of Chile. Using remote collaboration tools, the Louisiana-based company's personnel are virtually tra...

    11/23/2020OPTT
    Are You Looking For ESG Stocks To Buy Right Now? Here's How 6 Small-Cap Stocks Have Performed In 2020 So Far

    Are you an environmentally friendly and socially responsible investor? If so, there's an entire set of stocks to watch that specifically reflects that mindset. They're called "ESG stocks" and they're beginning to grow in popularity. These are shares of companies that advance environmental, social, and governance initiatives within their respective industries and organizations contributing to a better world. It doesn't matter if we're talking about penny stocks or blue-chip stocks, the ESG wave i...

    11/23/2020OPTT
    Ocean Power Technologies Expands Commercial Team With Southern Europe-Based Representative

    MONROE TOWNSHIP, N.J., Nov. 23, 2020 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NASDAQ: OPTT), a leader in innovative and cost-effective ocean energy solutions, today announced that Jorge Franco has joined the Company as Regional Sales Representative based in Spain. Reporting to OPT Vice President, Global Sales Jeff Wiener, Mr. Franco will concentrate on opportunities in Southern Europe. "Southern Europe offers opportunities for OPT’s offshore power and communi...

    11/16/2020OPTT
    DeepStar® Awards Subsea Systems Engineering Contract to Ocean Power Technologies

    Study to Utilize PB3 PowerBuoy for 'Remote Zero Carbon Power for Electric Subsea Operations' ProjectMONROE TOWNSHIP, N.J., Nov. 16, 2020 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NASDAQ: OPTT), a leader in innovative and cost-effective ocean energy solutions, today announced receipt of a DeepStar® project award to study the deployment and operational requirements of utilizing OPT's PB3 PowerBuoy® to provide remotely controllable zero carbon power for deepwater ...

    10/27/2020OPTT
    Ocean Power Technologies Contracts With ACET for U.S. Navy SLAMR Initiative

    Feasibility Study Will Focus on Linking OPT PowerBuoy® Offshore 5G Communications Solution with Unmanned and Robotic Systems and Onshore ControlMONROE TOWNSHIP, N.J., Oct. 27, 2020 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (“OPT” or “the Company”) (NASDAQ: OPTT), a leader in innovative and cost-effective ocean energy solutions, today announced it has been contracted by Reston, Virginia-based Adams Communications & Engineering Technology (ACET) to conduct a feasibility study. The evaluat...

    10/7/2020OPTT
    Ocean Power Technologies stock continues to soar on heavy volume

    Shares of Ocean Power Technologies Inc. charged 34% higher in very active trading, to keep its recent big rally going, although the provider of electric power and data communications for remote offshore and subsea use has not released any news. Trading volume was 42.6 million shares, making the stock the most actively traded on major U.S. exchanges. The stock had soared 66.4% on volume of 155.8 million shares on Tuesday, and ran up 24.8% on 27.5 millions shares on Monday, marking a week-to-date...