Ocean Power stock soars after WAM-V deal with the US government

Copy link to section The aforementioned back-to-back announcements underscore Ocean Power Technologies' growing presence in the maritime technology sector and its increasing appeal to both government and other offshore operators. In March, OPTT reported record revenue growth for its fiscal third quarter. Its gross profit also climbed sharply on a year-over-year basis from $0.1 million to$0.8 million in Q3. Philipp Stratmann – the chief executive of Ocean Power said at the time: We continue to make progress ...