OPTT Ocean Power Technologies among “Stocks to watch at NASDAQ”

January 2, 2011 by  
Filed under Ocean Energy

Ocean Power Technologies, Inc. (Public,NASDAQ:OPTT) decreased -6.72%, to close at $5.69 and its overall traded volume was 128,998.00 shares during the last session against its average volume of 47,290.00. OPTT opened the day at $6.03, it made an intraday low of $5.69 and an intraday high of $6.03. The stock has a 52 week low of $4.55 and 52 week high of $9.67. OPTTs market capitalization is 59.28M and it has 10.42M outstanding shares.

About Ocean Power Technologies, Inc. (Public,NASDAQ:OPTT)

Ocean Power Technologies, Inc. develops and is commercializing systems that generate electricity by harnessing the renewable energy of ocean waves. The Company markets and sells its products in the United States and internationally. It offers two products as part of its line of PowerBuoy systems: a utility PowerBuoy system and an autonomous PowerBuoy system. Its autonomous PowerBuoy system is designed to generate power for use independent of the power grid in remote locations. The Companys customer base for its utility PowerBuoy systems consists of public utilities, independent power producers and other governmental entities and agencies. Its customer base for its autonomous PowerBuoy systems consists of different public and private entities that use electricity in and near the ocean.

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