Ocean Power initiated with a Buy at H.C. Wainwright

H.C. Wainwright initiated coverage of Ocean Power (OPTT) with a Buy rating and $1.50 price target The firm says Ocean Power is a maritime domain awareness company providing autonomous offshore intelligence and power solutions. The company’s strategic partnerships support its commercialization efforts and there is a growing need for marine autonomy and intelligence solutions, the analyst tells investors in a research note.