OPTT Stock Analysis
OP
Uncovered
Ocean Power Technologies Inc is uncovered by Eyestock quantitative analysis.
Rating
To assess the quality of a company's business, we have collected all financial data from the statements and presented them in the form of a single number - the company's rating. Rating value of 100 is the threshold for determining a viable investment.
Low score
Market cap $B
0.018
Dividend yield
—
Shares outstanding
56.214 B
Ocean Power Technologies, Inc. engages in commercializing proprietary systems that generate electricity predominantly by harnessing the renewable energy of ocean waves. The company is headquartered in Monroe Township, New Jersey and currently employs 54 full-time employees. The company went IPO on 2003-10-31. The firm's solutions focus on three services areas, Data as a Service, which includes data collected by its Wave Adaptive Modular Vessel (WAM-V) autonomous vehicles or its PowerBuoy Product lines; Power as a Service, which includes its PowerBuoy and Subsea battery products, and its Strategic Consulting Services. Its Maritime Domain Awareness Solution (MDAS) base hardware consists of a high-definition radar, a stabilized high-definition optical and thermal imaging camera, and a vessel automatic identification system (AIS) detection module. Its PowerBuoy (PB3) uses technologies that convert the kinetic energy created by the motion of ocean waves into electricity. The hybrid PowerBuoy (hybrid PB) is an alternative platform to the PB3 capable of utilizing solar and wind power.