Ocean Power Technologies, Inc.

Ocean Power Technologies, Inc.verified

OPTT

Price:

$0.2451

Market Cap:

$23.43M

Ocean Power Technologies, Inc. develops and commercializes proprietary systems that generate electricity by harnessing the renewable energy of ocean waves in North America, South America, Europe, and Asia. It offers PB3 PowerBuoy system that generates power for use independent of the power grid in offshore locations. The company also provides hybrid PowerBuoy products; subsea battery systems; and software, controls, sensors, integration services, and marine installation services. In addition, it offers distributed offshore power and communications for remote surface and subsea applications in markets, such as defense and security, offshore oil and gas, science and research, and offshore wind...[Read more]

Industry

Electrical Equipment & Parts

IPO Date

2007-04-25

Stock Exchange

AMEX

Ticker

OPTT

The ROE as of September 2024 (TTM) for Ocean Power Technologies, Inc. (OPTT) is -95.74%

According to Ocean Power Technologies, Inc.’s latest financial reports and current stock price. The company's current ROE is -95.74%. This represents a change of 277.10% compared to the average of -25.39% of the last 4 quarters.

Ocean Power Technologies, Inc. (OPTT) Historical ROE (quarterly & annually)

How has OPTT ROE performed in the past?

The mean historical ROE of Ocean Power Technologies, Inc. over the last ten years is -115.44%. The current -95.74% ROE has changed -17.07% with respect to the historical average. Over the past ten years (40 quarters), OPTT's ROE was at its highest in in the July 2021 quarter at -3.96%. The ROE was at its lowest in in the January 2019 quarter at -180.19%.

Quarterly (TTM)
Annual

Average

-115.44%

Median

-91.13%

Minimum

-372.10%

Maximum

-19.69%

Ocean Power Technologies, Inc. (OPTT) ROE by Quarter and Year

Discovering the peaks and valleys of Ocean Power Technologies, Inc. ROE, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 345.12%

Maximum Annual ROE = -19.69%

Minimum Annual Increase = -80.04%

Minimum Annual ROE = -372.10%

Quarterly (TTM)
Annual
YearROEChange
2024-142.08%137.20%
2023-59.90%118.43%
2022-27.42%39.26%
2021-19.69%-80.04%
2020-98.66%27.09%
2019-77.63%-21.77%
2018-99.23%-43.02%
2017-174.15%-53.20%
2016-372.10%345.12%
2015-83.60%117.00%

Ocean Power Technologies, Inc. (OPTT) Average ROE

How has OPTT ROE performed in the past?

The current ROE of Ocean Power Technologies, Inc. (OPTT) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

-76.46%

5-year avg

-69.55%

10-year avg

-115.44%

Ocean Power Technologies, Inc. (OPTT) ROE vs. Peers

How is OPTT’s ROE compared to its peers?

Ocean Power Technologies, Inc.’s ROE is greater than Pioneer Power Solutions, Inc. (-17.85%), less than CBAK Energy Technology, Inc. (15.03%), greater than Ideal Power Inc. (-62.80%), greater than Expion360 Inc. (-183.12%), greater than Polar Power, Inc. (-52.52%), less than Eos Energy Enterprises, Inc. (92.89%), greater than FuelCell Energy, Inc. (-15.85%), less than EnerSys (15.68%), greater than Flux Power Holdings, Inc. (-93.72%), greater than NeoVolta Inc. (-32.41%), greater than Enovix Corporation (-65.51%), greater than ESS Tech, Inc. (-77.52%), greater than FREYR Battery (-14.85%), greater than Microvast Holdings, Inc. (-28.59%), less than Eos Energy Enterprises, Inc. (92.89%),

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