Why Is Ocean Power Technologies (OPTT) Stock Up 60% Today?
OPTTOcean Power Technologies(OPTT) Investor Place·2024-06-27 01:50

Proprietary power platform Ocean Power Technologies (NYSEMKT:OPTT) — one of the few specialists in wave power or harnessing the natural oscillations of the ocean for conversion into usable power — saw its shares soar on Wednesday. A U.S. government contract effectively provided a much-needed credibility boost for OPTT stock, which previously struggled badly. According to the company’s press release, Ocean Power “reached an agreement in principle on a sole source contract award for multiple WAM-Vs for delive ...