Ocean Power Technologies, Inc. (NASDAQ:OPTT)
CAPS Rating:
The Company develops and commercializes proprietary systems that generate electricity by harnessing the renewable energy of ocean waves.
The Company develops and commercializes proprietary systems that generate electricity by harnessing the renewable energy of ocean waves.
Recs
With the multiple countries that are trying to back this company and with working with Lockheed, this company should grow and eventually become a big company. I forsee Japan spending a couple billion dollars on OPTT's equipment, thus giving them a valuable and safe way to get the energy that is needed, without taking up more land space, without hurting their fishing markets, and giving their people clean, safe energy without having to worry about storms, tsunamis, etc. distroying or prohibiting them from receiving optimum electricity and or energy.