Ocean Power Technologies is engaged in providing ocean data collection and reporting, marine power, offshore communications, and Maritime Domain Awareness products, integrated solutions, and consulting services. Co.'s solutions include: Maritime Domain Awareness Solution, which consists of a radar, a stabilized optical and thermal imaging camera, and a vessel Automatic Identification System detection module; Wave Adaptive Modular Vessel, which enables roaming capabilities for uncrewed maritime systems in waters; PB3 PowerBuoy®, which converts hydrokinetic energy of ocean waves into electricity; and Subsea Battery, which provides power supply from its integrated energy storage system. The OPTT stock yearly return is shown above.
The yearly return on the OPTT stock yearly return page and across the coverage universe of our site,
is a measure of the annual return over the calendar year 2023 for the given stock.
When performing this calculation it is important to factor in dividends, because a financial instrument's annual return is
more than just the change in price if that instrument pays a dividend or coupon.
One way to factor dividends into the return is simply to count them as cash — we don't do
that here. Instead, our website aims to empower investors
by performing the OPTT annual return calculation with any dividends reinvested as applicable (on ex-dates).
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