Ocean Power Technologies, Inc. (NASDAQ:OPTT)

CAPS Rating: 2 out of 5

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

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Member Avatar Teacherman1 (62.21) Submitted: 4/6/2014 2:19:25 PM : Outperform Start Price: $3.64 OPTT Score: -21.14

Closed and re-opened to more accurately reflect my actual starting price. Now in at $3.11.

Closed my previous pick on 4-1-2014 with the intention of immediately re-opening it, but got called away to "nursing duties" and forgot to do it.

In the meantime, there was an article stating that they had closed their U.S. project and the Australian Govt. had awarded them a $5M grant, so it shot up. This is why I delayed re-opening my pick until now.

I like their longer term potential, but it will take time to know if their technology and management execution will pay off.

Have about one third of what I want for a longer term hold, and hope they will keep dropping for awhile so I can get my cost down a lot more. I am looking for under $2.00, but don't know if it will get there or not.

JMO and worth exactly what I am charging for it.

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Member Avatar toyotamoney (29.77) Submitted: 3/27/2014 8:24:20 PM : Outperform Start Price: $3.50 OPTT Score: -19.79

Yeah free $$

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Member Avatar palm91 (25.84) Submitted: 3/3/2014 6:32:51 PM : Outperform Start Price: $4.00 OPTT Score: -29.11

only 47million MC good future play, contract with Lockheed,

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Member Avatar GirlsUnder30 (96.22) Submitted: 2/14/2014 10:44:40 AM : Outperform Start Price: $3.48 OPTT Score: -19.74

An amazing concept that should produce remarkable results.

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Member Avatar 78taxs (32.80) Submitted: 2/12/2014 12:51:08 AM : Outperform Start Price: $3.48 OPTT Score: -19.74

Im a week late thay teamed up on a big job with lockheed martin corp.ocean power been doing a lot lately year are so.

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Member Avatar paullyons1 (38.97) Submitted: 12/17/2013 1:06:38 AM : Outperform Start Price: $1.83 OPTT Score: +51.16

leading wave energy technology and working with the govt. …big things to come!!

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Member Avatar badvent (< 20) Submitted: 11/24/2012 10:50:23 AM : Outperform Start Price: $2.29 OPTT Score: -7.44

Earth will never run out of wave/tide energy. One of the most reliable and consistent energies out there. OPTT is leading the way.

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Member Avatar vwbus71 (< 20) Submitted: 11/16/2012 8:43:00 AM : Outperform Start Price: $2.50 OPTT Score: -23.86

With proven technology and powerful partnerships with the likes of lockeed martin this company is taking the right steps to become the name in wave power.

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Member Avatar hurricanehedge (49.53) Submitted: 9/30/2011 8:23:05 AM : Outperform Start Price: $2.75 OPTT Score: -60.17

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.

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Member Avatar 1dms (53.81) Submitted: 7/13/2011 1:13:07 PM : Outperform Start Price: $5.02 OPTT Score: -123.54

Here is an interesting interview by CNBC, of OPTT' Charles Dunleavy

http://www.bloomberg.com/video/71631742/

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Member Avatar tomchef (26.21) Submitted: 8/27/2010 12:56:52 PM : Outperform Start Price: $4.90 OPTT Score: -118.74

its in the waves

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Member Avatar Timoots (< 20) Submitted: 11/20/2009 10:22:48 AM : Outperform Start Price: $10.01 OPTT Score: -143.03

in at 3.88 sold at 7.22..... I call it a buy all the way up to its original ipo price of 20$ per share.

This is the FLSR of wave power

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Member Avatar rudolphsteiner (< 20) Submitted: 6/22/2008 10:30:41 AM : Outperform Start Price: $10.53 OPTT Score: -112.61

This is speculative, but longer term I expect this company to do well, and actually start turning a profit. They have lots of cash to work through in the meantime thanks to their (apparently overvalued) IPO. I think $10, which is a 50% discount from the IPO, is a good price, but investors hate companies that are losing money, so it may drop further. There is little doubt in my mind that wave power will succeed in the long run, and OPTT is one of the most experienced at actually generating power with their technology thanks to US navy contracts, and they are in the midst of developing a demonstration project off the coast of Spain. Good news over the next year or two should float this stock higher, bad news and it could sink into the abyss. No news and the stock will also sink.

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Member Avatar wastedtooth (< 20) Submitted: 6/6/2008 3:51:01 AM : Outperform Start Price: $10.27 OPTT Score: -110.93

water is a super power. we need these company's taping it.

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Member Avatar LTCMscholes2 (< 20) Submitted: 6/4/2008 7:11:51 PM : Outperform Start Price: $9.84 OPTT Score: -111.36

It takes a man a long time to learn all the lessons of all his mistakes. They say there are two sides to everything. But there is only one side to the stock market; and it is not the bull side or the bear side, but the right side. It took me longer to get that general principle fixed firmly in my mind than it did most of the more technical phases of the game of stock speculation.”

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Member Avatar devoish (99.09) Submitted: 5/22/2008 6:16:16 PM : Outperform Start Price: $10.70 OPTT Score: -111.38

The capital cost of building OPTT kwhs is 1/2 the cost of solar, comparable to land based wind, and coal and double that of natural gas. Over a 30 year life expectancy including maintanance for OPTT buoys the cost of energy per Kwh is .05-.15 for OPTT, .10-.25 for solar, .065-09 for wind, and .04-.07 for NG or Coal. This data is from the Federal Gov't as of 2005 and from OPTT estimates. Since that time the cost of coal and NG has risen dramatically.
Ocean waves are more reliable and "on" much more than either wind or solar, offering power companys a more reliable energy source. Ocean waves are also closer to the worlds population centers sustantially reducing the cost of transmission lines to get the power where it needs to be.
Waves vs off shore wind. The Long Island Power Authority recently proposed an off shore wind farm to produce 49 megawatts that would have cost $600,000,000. plus transmission lines. It would have taken 8 square miles of ocean. A 50 megawatt wave farm using the 150kw buoys would have cost under $300,000,000. and require .625 square miles. To supply all of Long Islands 5200 mw consumption would require a wind farm the entire length of Long Island and 5 miles wide, 314 square miles. OPTT 150kw buoys would need 65 square miles, the 500kw buoys much less leaving substantial ocean space to help power NYC.

OPTT has had power buoys in the water working perfectly well for over 40 months. They have moved past the R&D stage and are now in commercialization. Because wave heights and lengths vary they have developed electronics to "tune" the power output to retrieve the maximum amount of power available from each wave. They have patents for this technology. Combined these two advantages, lead time and patented "tuning" give them first mover advantage over other wave power companys. Second is Polaris, a privately held company whom I cannot estimate for but I believe has been in the water for almost 12 months. There is probably room for more than one wave power company. OPTT buoys are built to withstand 100 year storms (75 foot waves) at the request of their insurancer Lloyds.
Their business model is to build and sell the wave farms and then contract to run the operation and maintanance. This means capital cost will be paid to them as the buoys are built, and they get recurring revenue from the contracts. They have $10.00/share ($100,000,000) on the balance sheet and a burn rate of 12-13mil/ year. (which they expect to increase). They expect to be profitable at 400 150kw buoys/year and later at 300 500kw buoys/year. The projects they are currently working on if built to the max would require more than 300 150kw buoys.
The catalyst is the increasing cost of coal which may have reached a point where they are the cheapest electricity available of any type. They are clean energy and have sold carbon credits. The recent announcement of a contract with Griffin to build a 10- 100mw wave farm in Australia, which adds 65-650 150kw buoys to their production line. They have also applied to FERC for permits to build 4 wave farms totaling 277mw off the California and Oregon coasts. If approved that would add 1800 150kw buoys to the production line. The applications were applied for in order to jump start business and are probably 1-2 years away.

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Member Avatar HighlyPaidYouth (31.67) Submitted: 5/20/2008 1:40:27 PM : Outperform Start Price: $10.70 OPTT Score: -111.00

Wave power is the most reliable and concentrated form of clean energy and this company has more than just their feet in the water.

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Member Avatar peterman89 (39.97) Submitted: 3/31/2008 1:07:32 AM : Outperform Start Price: $12.53 OPTT Score: -125.58

speculative play on alternative energy. we'll see how project in spain works out...

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Member Avatar ThreeSeven (< 20) Submitted: 3/20/2008 11:52:15 AM : Outperform Start Price: $11.90 OPTT Score: -125.02

Ocean Power represents the first revolutionary power production method in many years. Does not have the problems of solar or wind, since wave power is mostly constant, and is predictable.

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Member Avatar Farmslv (< 20) Submitted: 3/19/2008 3:47:29 PM : Outperform Start Price: $11.79 OPTT Score: -125.10

The trend of the future is renewable energy as countries try to relieve their dependency on oil. This company has a great technology that is both 'green' and economically feasible.

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