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$6.23 0.03 (0.48%)
2/9/2010 4:00 PM

Ocean Power Technologies, Inc. (OPTT)

CAPS Rating:
***

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

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Ticker Not Ratable

OPTT doesn't currently meet the $100M market cap / $1.50 stock price minimum. (Learn More)

What the Community Thinks

Total Members

101 Outperforms
12 Underperforms
 

All-Stars

20 Outperforms
7 Underperforms
 

Wall Street

2 Outperforms
1 Underperforms
 

Members bullish on OPTT are also bullish on:

Members bearish on OPTT are also bearish on:

Ticker Tags

Cyclical (3415), Electrical Equipment (109), Alternative Energy (52), Micro Cap (4701), Industrials (718), Value (1901), IPO in 2007 (211)
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Ocean Power Technologies, Inc. At A Glance

Current Price: $6.23
Last Trade Time: 2/9/2010 4:00 PM
Open: $6.28
Previous Close: $6.20
Daily Range: $6.22 - $6.45
52-Week Range: $3.78 - $11.22
Volume: 86,599
Market Cap: $63.61M
P/E Ratio: 0.00
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Stock Trends

OPTT VS S&P 500 (SPY)

News & Discussion Boards

Top Bull Pitch

Recs

1

Ocean Power Technologies, Inc. (OPTT)

Avatar Timoots (< 20) Submitted: 11/20/09 10:22 AM

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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Top Bear Pitch

Recs

3

Ocean Power Technologies, Inc. (OPTT)

Avatar SBeren (94.59) Submitted: 12/13/07 7:48 PM

I maybe jumping the gun with this pitch considering they are reporting quarter numbers next week, but here it goes.

Currently Ocean Power can develop a 40kw generator. Upgrade path = 40kw, 150kw, 250kw, 500kw. Their time line puts the 500kw generator in the year 2010. They claim enough ca...More

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Recs

1

 (OPTT)

Avatar Timoots (< 20) Submitted: 11/20/09 10:22 AM : Outperform Start Price: $10.01 OPTT Score: -35.69

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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Recs

1

 (OPTT)

Avatar rudolphsteiner (86.77) Submitted: 6/22/08 10:30 AM : Outperform Start Price: $10.53 OPTT Score: -20.60

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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Recs

0

 (OPTT)

Avatar wastedtooth (< 20) Submitted: 6/06/08 3:51 AM : Outperform Start Price: $10.27 OPTT Score: -18.53

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

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Recs

0

 (OPTT)

Avatar LTCMscholes2 (37.49) Submitted: 6/04/08 7:11 PM : Outperform Start Price: $9.84 OPTT Score: -16.82

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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Recs

8

 (OPTT)

Avatar devoish (99.59) Submitted: 5/22/08 6:16 PM : Outperform Start Price: $10.70 OPTT Score: -20.59

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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Pick		Member NameMember RatingStart
Date		CallTime FrameStart
Price		Stock
Gain		S&P
Gain		ScorePitch
TrackBearStearns 84.85 04/07/08 Underperform NS $11.77-47.07%-19.38%+27.69
TrackUBS 87.99 06/05/07 Outperform NS $15.52-59.86%-26.21%-33.64
TrackBofASec 94.61 06/04/07 Outperform NS $15.45-59.68%-26.17%-33.50

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