| Ocean Power Technologies is a marine power solutions provider that designs, manufactures, sells, and services its products while working with partners that provide payloads, integration services, and marine installation services. Co.'s solutions provide distributed offshore power along with communications for remote surface and subsea applications. Co. develops and commercializes its proprietary systems that generate electricity by harnessing the renewable energy of ocean waves for its PowerBuoy® and solar power for its hybrid PowerBuoy®. The PB3 PowerBuoy® uses proprietary technologies that convert the kinetic energy created by the heaving motion of ocean waves into electricity. We show 21 historical shares outstanding datapoints in our OPTT shares outstanding history coverage, used to compute OPTT market cap on those dates.|
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing OPTT market cap history over the course of time is important for investors
interested in comparing OPTT's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of OPTT versus a peer is one thing; comparing
OPTT market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like OPTT can fluctuate over the course of history.
With this page we aim to empower investors researching OPTT by allowing them to research the OPTT market cap history.