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Ocean Power Technologies ( (OPTT) ) just unveiled an update.
On January 16, 2025, Ocean Power Technologies held its 2024 Annual Meeting of Stockholders virtually, where various proposals were voted on, including the election of directors and amendments to incentive plans. The company also appointed an advisory board comprising experts in cybersecurity and naval operations to support its strategic focus on U.S. government projects. This development signals an expansion of the company’s efforts towards government contracts, particularly with the Department of Defense and the Department of Homeland Security.
More about Ocean Power Technologies
Ocean Power Technologies, Inc. is a leader in innovative and cost-effective low-carbon marine power, data, and service solutions. The company focuses on U.S. government projects and has recently reinforced its commitment with the appointment of advisory board members with expertise in cybersecurity and government contracting.
YTD Price Performance: -9.31%
Average Trading Volume: 41,217,983
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $134M
See more data about OPTT stock on TipRanks’ Stock Analysis page.
