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OPTT $2.52

OPTT target price
2.52
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Ocean Power Technologies
Type
Public
Traded as NASDAQ: OPTT
Industry Renewable Energy, Wave Power, Sustainable Energy
Founded Princeton, New Jersey, United States (1984)
Founder Dr. George W. Taylor
Dr. Joseph R. Burns (late)
Headquarters Pennington, New Jersey, United States
Area served
worldwide
Key people
Charles F. DunLeavy
(Chairman) & (CEO)
Dr. George Taylor
(Executive Vice Chairman))
Website [4] (1999 established)

Ocean Power Technologies (O.P.T.) is a US owned renewable energy company, providing power generation devices, services and related equipment for the extraction of energy from ocean waves. The company's PowerBuoy technology is scalable to hundreds of megawatts and the generated energy from Wave Power is supplied to the grid via submarine cables. Projects are now underway around the world.

Ocean Power Technologies Australasia Pty Ltd, OPTA is an Australian owned subsidiary of Ocean Power Technologies Inc (OPT), currently engaged in wave power projects in Australia .

Ocean Power Technologies Limited is the UK-based wholly owned subsidiary.

The Company's primary product is the PowerBuoy wave generation system. It uses a "smart," oceangoing buoy to capture and convert wave energy into low-cost, clean electricity.

The USP is an electrical power aggregator from up to ten offshore power generation devices, be they wind, wave power or other, into one common interconnection point for transmission to the onshore power grid. The USP can likewise be configured to supply onshore power to offshore devices.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS

Ratings

2015-12-22 Reiterated Rating HC Wainwright Neutral
2015-02-25 Initiated Coverage HC Wainwright Neutral
2014-06-10 Reiterated Rating HC Wainwright Buy
2014-04-14 Initiated Coverage HC Wainwright Buy
2013-05-09 Initiated Ascendiant Capital Markets Strong Buy $5
2008-07-17 Reiterated UBS Buy $19 to $14
2008-04-07 Downgrade Bear Stearns Outperform to Underperform
2007-08-20 Initiated B. Riley & Co Buy $18.50
2007-06-14 Initiated Bear Stearns Outperform $20
2007-06-05 Initiated UBS Buy $20
2007-06-04 Initiated First Albany Neutral
2007-06-04 Initiated Banc of America Sec Buy $24
1970-01-01
2015-12-22 Reiterated Rating HC Wainwright Neutral
2015-02-25 Initiated Coverage HC Wainwright Neutral
2014-06-10 Reiterated Rating HC Wainwright Buy
2014-04-14 Initiated Coverage HC Wainwright Buy
2013-05-09 Initiated Ascendiant Capital Markets Strong Buy $5

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
Taylor George W Chief Executive Officer 2.62%  (461198) OPTT /
Heinz David R Chief Operating Officer 0.84%  (147033) OPTT /
Dunleavy Charles F CFO, SR VP. Treas. and Sec 0.76%  (132902) OPTT /
KELLER DAVID L 0.69%  (120502) GLPW / OPTT /
Kirby George H III President, CEO 0.62%  (108831) OPTT /
Phebus Christopher Vice President - Engineering 0.55%  (97297) OPTT /
PRESTON SEYMOUR S III 0.35%  (61768) OPTT / TFCO /
Mekhiche Mike M Executive VP Eng/Operations 0.32%  (55694) OPTT /
cryan terence james 0.29%  (50504) GLPW / OPTT / URRE /
Glover Dean J 0.28%  (49504) GLPW / OPTT /
FEATHERSTONE MARK A Chief Financial Officer 0.26%  (44915) OPTT /
Draper Mark CEO of OPT Ltd 0.19%  (34000) OPTT /
Shafer Matthew T CFO and Treasurer 0.16%  (28363) OPTT /
CHATIGNY VICTOR J 0.07%  (12935) OPTT /
Meaney Thomas 0.06%  (10663) OPTT /
LOZIER PAUL F 0.06%  (10088) OPTT /
POSNER BRIAN M Chief Financial Officer 0.05%  (9474) ALQA / OPTT /
Ash Eric 0.02%  (4248) OPTT /