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Strong Buy
down 73.56 %

OCEAN POWER TECH INC (OPTT) rated Strong Buy with price target $5 by Ascendiant Capital Markets

Posted on: Thursday,  May 9, 2013  8:25 AM ET by Ascendiant Capital Markets

Ascendiant Capital Markets rated Strong Buy OCEAN POWER TECH INC (NASDAQ: OPTT) on 05/09/2013, when the stock price was
$1.74. Since then, OCEAN POWER TECH INC has lost 73.56% as of 08/27/2015's recent price of $0.46.
If you would have followed this Ascendiant Capital Markets's recommendation on OPTT, you would have lost 73.56% of your investment in 840 days.

Ocean Power Technologies, Inc. is engaged in developing and commercializing systems that generate electricity by harnessing the renewable energy of ocean waves. The Company offers two types of products as part of the line of PowerBuoy systems, including a utility PowerBuoy system and an autonomous PowerBuoy system. The utility PowerBuoy system is capable of supplying electricity to a local or regional electric power grid. The autonomous PowerBuoy system is designed to generate power for use independent of the power grid in remote locations. The PowerBuoy system consists of a floating buoy-like device that is loosely moored to the seabed so that it can freely move up and down in response to the rising and falling of the waves, as well as a power take off device, an electrical generator, a power electronics system and control system, all of which are sealed in the unit.

Ascendiant Capital Markets is led by George Santana, who has nearly twenty years of equity research experience in the United States and foreign markets. During his career, Mr. Santana has been recognized six consecutive times in the Institutional Investor magazine poll of top analysts.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/9/2013 8:25 AM Buy
1.74 5.00
as of 12/13/2013
1 Week down  -10.62 %
1 Month down  -12.73 %
3 Months up  8.18 %
1 YTD up  6.32 %

(*) Stock Price at the time of the recommendation.
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