Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Scammy! This company spends money on fake news - promotions via paying Water Tower Research. Check out WTR’s website where it says it gets paid for its free reports to anyone registering. Spoiler alert. This is not disclosed by the company or WTR when it puts its articles out. Don’t get scammed. Do your own due diligence. This company will never get sales to enable it to make money with its existing management team and it’s board.
OPTT
Ocean Power Technologies Inc
0.57
0.02 (3.64%)
Volume: 115,259
Day Range: 0.533 - 0.5403
Last Trade Time: 8:00:00 PM EST
Holding a short? It requires putting up $2.50 for each share that’s shorted, so I call bs lol…
Heading to zero at optt. No products that are competitive and can sell. Shareholders lose!
Buy signal is back, lol…
Ocean Power Tech is a loser stock. Look at any chart. In 5 years over 90 percent of value, 10 years 99 percent. No new sellable product. Avoid.
$OPTT taking on a bit of a different complexion today.
$OPTT,
U.S. Department of Energy Announces $35 Million in Funding to Advance Tidal and River Current Energy Systems
$OPTT golden cross getting close.
Amentum Services is well connected to many government agencies both U.S. and international as well as armed forces. Have look and read about them. Nice step for OPTT.
Ocean Power Technologies Awarded Contract with Department of Homeland Security Science and Technology Directorate on Maritime Domain Awareness – Sensors (MDA-S) Initiative
October 05 2022 - 08:00AM
GlobeNewswire Inc.
Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), a leader in innovative and cost-effective low-carbon marine data, power, and consulting service solutions, has been selected for a $529,025 procurement by Amentum Services. OPT was awarded the procurement to assist Amentum in providing the Department of Defense (DoD) Information Analysis Center (IAC) with land, air, space, and port & coastal surveillance services in support of the U.S. Department of Homeland Security (DHS) Science & Technology Directorate (S&T).
OPT’s efforts under the Subcontract will include providing scientific hardware delivery, training, and integration services for DHS S&T Port and Coastal Surveillance (P&CS) projects. The P&CS project seeks to identify and integrate sensors and systems and share data suitable for the full spectrum of maritime operations. OPT will provide the required hardware, hardware deployment support, software, software deployment support, integration services, surveillance and telemetry data, and associated training in support of a PB3 PowerBuoy® equipped with OPT’s proprietary Maritime Domain Awareness solution. The Maritime Domain Awareness Solution is deployed in support of security efforts to detect illegal, unreported, and unregulated (IUU) fishing, dark vessels, and human/drug trafficking in operation 24/7/365.
“We at OPT are proud to support DHS’s mission to help secure the nation’s coastlines,” said Philipp Stratmann, President and Chief Executive Officer of OPT. “Ocean security is national security. We believe OPT’s systems are well suited for long term maritime domain awareness deployments and have little to no adverse impact on the environment. DHS has thousands of miles of coastline to protect, and needs to develop detailed, sustainable information sources to execute on its mission to protect our country. Along with our partner, Amentum, we look forward to delivering new technology to DHS to help it achieve these goals.”
About the DoD IAC Program:
The DoD IAC, sponsored by the Defense Technical Information Center, provides technical data management and research support for DoD and federal government users. Established in 1946, the IAC program serves the DoD science & technology (S&T) and acquisition communities to drive innovation and technological developments by enhancing collaboration through integrated scientific and technical information development and dissemination for the DoD and broader S&T community.
About Ocean Power Technologies:
OPT provides intelligent maritime solutions and services that enable safer, cleaner, and more productive ocean operations for the defense and security, oil and gas, science and research, and offshore wind markets. Our PowerBuoy® platforms provide clean and reliable electric power and real-time data communications for remote maritime and subsea applications. We also provide WAM-V® autonomous surface vessels (ASVs) and marine robotics services through our wholly owned subsidiary Marine Advanced Robotics. We are headquartered in Monroe Township, New Jersey, and have offices in Houston, Texas, and Richmond, California. To learn more, visit www.OceanPowerTechnologies.com.
Forward-Looking Statements:
This release may contain forward-looking statements that are within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are identified by certain words or phrases such as "may", "will", "aim", "will likely result", "believe", "expect", "will continue", "anticipate", "estimate", "intend", "plan", "contemplate", "seek to", "future", "objective", "goal", "project", "should", "will pursue" and similar expressions or variations of such expressions. These forward-looking statements reflect the Company's current expectations about its future plans and performance. These forward-looking statements rely on a number of assumptions and estimates that could be inaccurate and subject to risks and uncertainties. Actual results could vary materially from those anticipated or expressed in any forward-looking statement made by the Company. Please refer to the Company's most recent Forms 10-Q and 10-K and subsequent filings with the U.S. Securities and Exchange Commission for further discussion of these risks and uncertainties. The Company disclaims any obligation or intent to update the forward-looking statements in order to reflect events or circumstances after the date of this release.
Contact Information
Investors: 609-730-0400 x401 or InvestorRelations@oceanpowertech.com
Media: 609-730-0400 x402 or MediaRelations@oceanpowertech.com
$OPTT got their foot in the door with the DOE and now have their foot in the door with the DHS
I find it ironic that they complain about wasting energy mining bitcoin but they are happy to toss money and energy down the uneconomical path that is woke energy!
Ocean Power Technologies does not have any thing to do with bit coin mining.
Wainwright conf 9am tomorrow.
FATHOMWERX Wed and Thur
$OPTT, is Ocean Power Tech getting noticed for Bitcoin mining?
From July 2022 article.
In 2021, Tesla stopped taking Bitcoin for electric vehicle purchases. Why? Concern for the environmental toll of creating new units of the world’s best-known cryptocurrency in a process called mining.
The computers that mint new Bitcoin use a tremendous amount of electricity, often generated by fossil fuels. That real-world cost of electricity is one of the factors that give real-world value to the digital currency, which is currently trading at around $23,600.
Regardless of the source of electricity, and the cryptocurrency mining industry is moving toward renewable energy sources, mining is central to Bitcoin’s existence as a decentralized currency.
https://www.forbes.com/advisor/investing/cryptocurrency/bitcoin-mining/
From OPTT Tweet 31 May
May 21 TMGcore joined OPT along with Ocean Aero.
TMGcore is the Home of Immersion. HPC, Data Centers, Crypto Mining - cool, quiet, sustainable.
TMGcore
@TMGcore
·
Jun 24
CryptoCore = #bitcoinmining done right. Energy efficient, sustainable, consistent overclocking, small footprint, quiet, etc., etc. TMGcore is changing the game. No more hot air, just substance (and?? hash rates ??). http://TMGcore.com/crypto
Aug 2021 Ocean Power Technologies Announces DOE Award Supporting Development of Next Generation Wave Energy Converter Concept
July 2022 Ocean Power Technologies Announces DOE Award Supporting Phase II Development of Next Generation Technologies
.
Recent OPTT News
Ocean Power Technologies to Report 2023 First Quarter Results on Monday, September 12, 2022 • GlobeNewswire Inc. • 08/12/2022 11:00:00 AM
Current Report Filing (8-k) • Edgar (US Regulatory) • 07/19/2022 10:01:53 AM
Ocean Power Technologies Announces DOE Award Supporting Phase II Development of Next Generation Technologies •
OPTT
Ocean Power Technologies Inc
1.08
0.03 (2.86%)
Volume: 131,024
Day Range: 1.0304 - 1.09
Last Trade Time: 6:52:59 PM EDT
Total Trades: 596
OPTT Detailed Quote
Yessir and 1 or 2 months OPTT could be another triple imo.
Just about a triple since the short calls lol…
$OPTT Options $2.50 Calls to Nov 18th 3524, $2.50 Puts 93
$OPTT, great day. Heavy volume from pre-market to a/hs close. Professionally done too. Up heavy pre-market, pulled back and filled the gap then continued upward after consolidating for looks like 60-90 mins.
OPTT...................................https://stockcharts.com/h-sc/ui?s=OPTT
$OPTT Short interest declined -100,000 shares in 2nd half of July down to 2.9 mil. Ameritrade.
$OPTT,
The Senate just passed a new version of the American innovation and competitiveness legislation, now called “CHIPS and Science.” Previous versions of the bill, formerly known as the U.S. Innovation and Competition Act (USICA), America COMPETES Act, Bipartisan Innovation Act, the Endless Frontier Act, and most recently, “CHIPS-Plus,” included many ocean provisions. See our coverage of the previous legislation here and the final bill text here.
What’s in it for oceans now?
Ocean-related provisions that were present in USICA and America COMPETES are largely absent from CHIPS and Science, but a few provisions related to ocean acidification, maritime domain awareness, and earth systems observing made it into the final package. Here are some highlights:
Ocean Acidification
CHIPS and Science includes the “Coastal and Ocean Acidification Research and Innovation” subtitle, which features language from the Coastal and Ocean Acidification Stressors and Threats (COAST) Research Act of 2021 (H.R. 1447), a bill that passed the House in May last year. This section would reauthorize and revise the National Oceanic and Atmospheric Administration’s (NOAA) Ocean Acidification Program through fiscal year 2026, as well as revise the National Science Foundation’s (NSF) ocean acidification grant program. It would also expand an existing National Aeronautics and Space Administration (NASA) program to research and monitor the effects of coastal acidification.
Uncrewed Systems and Maritime Domain Awareness
The bill also includes a section titled “Accelerating unmanned maritime systems technologies,” which would create a new NSF competitive grant program to support research that accelerates innovation to advance unmanned maritime systems for the purpose of providing greater maritime domain awareness. The language directs NSF to coordinate with the Coast Guard, Department of Defense, NOAA, and other federal agencies identified in the Commercial Engagement Through Ocean Technology (CENOTE) Act of 2018 (P.L. 115-394).
DOE Coastal Research
The bill includes an amended version of the Department of Energy (DOE) Science for the Future Act (H.R. 3593), which passed the House in June of last year. The original bill included a section titled “Coastal Zone Research Initiative,” which raised some concerns about duplication of efforts with NOAA’s Ocean Service. The amended language includes mandates for interoperability and integration with NOAA and other agencies, as well as a directive to avoid duplication of activities to ensure activities are complementary (though the word is misspelled in the bill as “complimentary”). Other changes include an increase of $65 million per year in authorized appropriations, and the word “coastal” was changed to “littoral” or “terrestrial-aquatic interface” throughout the section.
Advanced Energy Technology
The bill would authorize $20 billion for a first-of-its-kind NSF Directorate for Technology, Innovation, and Partnerships, which is intended to accelerate domestic development of national and economic-security critical technologies such as artificial intelligence, quantum computing, advanced manufacturing, 6G communications, energy, and material science.
What’s next?
CHIPS and Science must pass the House before heading to the President’s desk for final signature. The House is scheduled to leave town for August recess on Friday, July 29, and House leadership indicated they may stay late in order to pass the bill. If this doesn’t happen, we could see the House return to town mid-recess to vote on both CHIPS-Plus and the Democrats’ new Inflation Reduction Act.
$OPTT still going.
$OPTT new hod in pretty decent a/hs volume.
And yet it’s trending higher each day since the short calls…
Falling Optt. It’s been pumped, it’s heading down because no matter what it does, it cannot sell its products. They keep upgrading a product no one buys. It is laughable.
$OPTT
Maritime Domain Awareness Solution to launch by September 2022
OCEAN INTELLIGENCE / DaaS
Maritime DomainAwareness
• Autonomous and continuous real-time monitoring – 24/7/365
• AIS / Radar / High-Definition and Infrared Cameras
• Advanced proprietary software with edge computing and cloud
integration for post-processing and global data availability
• Real-time vessel detection, tracking, and databasing for
enforcement and prosecution and actionable intelligence.
OPTT up again today, shorts feeling da pain…
But it’s going up, substantially, and if you shorted you’re sitting on a huge loss…
For whatever reason you hate OPTT it’s not working out for your short…
$OPTT will break it's avg 10 day volume soon in light of last evenings news.
$OPTT Ocean Power Technologies Announces DOE Award Supporting Phase II Development of Next Generation Technologies
Current Report Filing (8-k) • Edgar (US Regulatory) • 07/13/2022 08:16:46 PM
Ocean Power Technologies, Inc. Announces Fourth Quarter and Full-Year Fiscal 2022 Results • GlobeNewswire Inc. • 07/13/2022 08:15:00 PM
Ocean Power Technologies to Report 2022 Fourth Quarter and Full-Year Results on Wednesday, July 13, 2022 • GlobeNewswire Inc. • 06/14/2022 12:00:00 PM
OPTT
Ocean Power Technologies Inc
0.619
-0.031 (-4.77%)
Volume: 308,733
Day Range: 0.6122 - 0.66
Last Trade Time: 8:00:00 PM EDT
Total Trades: 830
OPTT Detailed Quote
The stock was pumped and dumped again. Now at 62 cents implying a market cap of 33 million dollars. This is worth much less than 33 million dollars with no clear pathway to profitability. Note that this company has been around for over 30 years, it has never been profitable, and investors poured 325 million into this death spiral happening company. AVOID TO SAVE YOUR MONEY.
$OPTT currently up another 8.27% in after hours trading.
Will the CEO answer more questions from retail investors tomorrow morning? Probably not. This is a no credibility company.
Short interest decreased 330,000 shares or -10% in the last 2 weeks.
Strong short for this almost no revenue company with massive losses
Followers
|
143
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
3174
|
Created
|
05/03/07
|
Type
|
Free
|
Moderators $oldier Hard |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |