Ocean Power Technologies will discuss recent performance, innovations, and expansion plans in a fireside chat on December 19, 2024.
Quiver AI Summary
Ocean Power Technologies (OPT), a leader in low-carbon marine power solutions, announced its participation in a fireside chat scheduled for December 19, 2024, at 11:00 a.m. ET. Dr. Philipp Stratmann, the Company's CEO, will discuss recent company performance, revenue growth, cost reductions, and innovations in AI integration for their services. The chat will also address OPT's expansion into the Middle East and Latin America, as well as its dual-use technology for U.S. defense markets. This event will be listen-only, with a replay available on the OPT investor website.
Potential Positives
- Ocean Power Technologies is actively engaging with the investor community by participating in a fireside chat, indicating transparency and commitment to stakeholder communication.
- The CEO will discuss recent performance and revenue growth, underscoring the company's positive financial trajectory.
- The announcement highlights ongoing innovations, including the integration of AI-capable solutions, which positions the company as a technological leader in its industry.
- OPT's expansion into international markets (the Middle East and Latin America) signals opportunities for growth and diversification of its revenue streams.
Potential Negatives
- There will be no interactive question-and-answer session during the fireside chat, potentially limiting investor engagement and feedback.
- The announcement does not provide specific details on revenue figures or financial performance, which might raise concerns among investors regarding transparency.
- The press release primarily outlines plans and initiatives without addressing any challenges or risks that the company faces, which could lead to skepticism about their overall business health.
FAQ
What is the date and time of the OPT fireside chat?
The OPT fireside chat is scheduled for Thursday, December 19, 2024, at 11:00 a.m. ET.
Who will represent Ocean Power Technologies in the chat?
Dr. Philipp Stratmann, the President and Chief Executive Officer of OPT, will be presenting during the chat.
What topics will be discussed during the fireside chat?
The discussion will cover the Company's performance, revenue growth, cost savings, innovation, and overseas expansion efforts.
Will there be a Q&A session during the fireside chat?
No, there will be no question-and-answer session during the fireside chat.
Where can I find a replay of the presentation?
A replay of the presentation will be available under "Events and Presentations" on the OPT website.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$OPTT Insider Trading Activity
$OPTT insiders have traded $OPTT stock on the open market 2 times in the past 6 months. Of those trades, 2 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $OPTT stock by insiders over the last 6 months:
- PETER E. SLAIBY purchased 35,000 shares.
- TERENCE JAMES CRYAN purchased 100,000 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$OPTT Hedge Fund Activity
We have seen 17 institutional investors add shares of $OPTT stock to their portfolio, and 15 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- GEODE CAPITAL MANAGEMENT, LLC added 270,249 shares (+56.5%) to their portfolio in Q3 2024
- SARGENT INVESTMENT GROUP, LLC added 200,000 shares (+inf%) to their portfolio in Q3 2024
- HRT FINANCIAL LP removed 182,780 shares (-87.3%) from their portfolio in Q3 2024
- XTX TOPCO LTD added 149,409 shares (+inf%) to their portfolio in Q3 2024
- UBS GROUP AG removed 114,006 shares (-99.3%) from their portfolio in Q3 2024
- JANE STREET GROUP, LLC removed 107,097 shares (-67.2%) from their portfolio in Q3 2024
- SYNOVUS FINANCIAL CORP added 70,500 shares (+231.1%) to their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
MONROE TOWNSHIP, N.J., Dec. 18, 2024 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT) , a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that as part of the Company’s ongoing commitment to connecting with the investor community, it will participate in a fireside chat on Thursday, December 19, 2024, at 11:00 a.m. ET.
Dr. Philipp Stratmann, President and Chief Executive Officer for OPT, will discuss the Company’s recent performance and revenue growth, cost savings and expenditure reductions implemented over the past several quarters, and ongoing innovation in integrating payloads and systems that enable the Company to offer an AI-capable solution. The discussion will also cover OPT’s overseas expansion into the Middle East and Latin America, as well as the Company’s dual-use technology for U.S. defense and security markets. Please note there will be no question-and-answer session.
Register for this listen-only event here: Link to Register for OPT Fireside Chat
A replay of the presentation will be available under "Events and Presentations" in the Investors section of the OPT website at investors.oceanpowertechnologies.com .
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, including Merrows, which provides AI capable seamless integration of Maritime Domain Awareness Systems across platforms. 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.
