Ocean Power Technologies, Inc. (NASDAQ:OPTT)

CAPS Rating: 1 out of 5

The Company develops and commercializes proprietary systems that generate electricity by harnessing the renewable energy of ocean waves.

Recs

1
Player Avatar cjlee001 (37.37) Submitted: 12/5/2011 11:58:00 PM : Underperform Start Price: $3.76 OPTT Score: +31.14

sigh... i really WANT this to work. and perhaps it's viable in the longrun, but the world has too many problems right now. governments have no money and they're not thinking about longterm i.e. renewable energy. in order for this to work, you'd need a rich country with vast oceanline and no fossil fuel of its own. it's a very short list... japan seems to fit nicely but they recently got rocked by a massive quake and tsunami and their debt is OVER 200% of GDP. i just don't see OPTT getting any major backing (enough to make an impact) anytime soon.

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