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Ocean Power Technologies (OPTT) Competitors

Ocean Power Technologies logo
$0.15 0.00 (0.00%)
(As of 09:15 AM ET)

OPTT vs. WAVE, SPRU, CETY, CGBS, ALCE, VVPR, CDZIP, CWEN.A, CIG.C, and RNWWW

Should you be buying Ocean Power Technologies stock or one of its competitors? The main competitors of Ocean Power Technologies include Eco Wave Power Global AB (publ) (WAVE), Spruce Power (SPRU), Clean Energy Technologies (CETY), Crown LNG (CGBS), Alternus Clean Energy (ALCE), VivoPower International (VVPR), Cadiz (CDZIP), Clearway Energy (CWEN.A), COMPANHIA ENERG/S (CIG.C), and ReNew Energy Global (RNWWW). These companies are all part of the "utilities" industry.

Ocean Power Technologies vs.

Ocean Power Technologies (NASDAQ:OPTT) and Eco Wave Power Global AB (publ) (NASDAQ:WAVE) are both small-cap oils/energy companies, but which is the superior investment? We will compare the two businesses based on the strength of their valuation, profitability, institutional ownership, media sentiment, earnings, risk, community ranking, dividends and analyst recommendations.

Eco Wave Power Global AB (publ) has lower revenue, but higher earnings than Ocean Power Technologies. Eco Wave Power Global AB (publ) is trading at a lower price-to-earnings ratio than Ocean Power Technologies, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Ocean Power Technologies$5.53M2.69-$27.48M-$0.40-0.38
Eco Wave Power Global AB (publ)$310K160.95-$1.71M-$0.36-24.97

In the previous week, Eco Wave Power Global AB (publ) had 3 more articles in the media than Ocean Power Technologies. MarketBeat recorded 5 mentions for Eco Wave Power Global AB (publ) and 2 mentions for Ocean Power Technologies. Ocean Power Technologies' average media sentiment score of 1.45 beat Eco Wave Power Global AB (publ)'s score of 0.81 indicating that Ocean Power Technologies is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Ocean Power Technologies
1 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Eco Wave Power Global AB (publ)
1 Very Positive mention(s)
2 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Ocean Power Technologies received 209 more outperform votes than Eco Wave Power Global AB (publ) when rated by MarketBeat users.

CompanyUnderperformOutperform
Ocean Power TechnologiesOutperform Votes
209
74.38%
Underperform Votes
72
25.62%
Eco Wave Power Global AB (publ)N/AN/A

11.9% of Ocean Power Technologies shares are owned by institutional investors. Comparatively, 0.6% of Eco Wave Power Global AB (publ) shares are owned by institutional investors. 1.4% of Ocean Power Technologies shares are owned by insiders. Comparatively, 31.3% of Eco Wave Power Global AB (publ) shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Eco Wave Power Global AB (publ) has a net margin of 0.00% compared to Ocean Power Technologies' net margin of -448.27%. Eco Wave Power Global AB (publ)'s return on equity of -25.15% beat Ocean Power Technologies' return on equity.

Company Net Margins Return on Equity Return on Assets
Ocean Power Technologies-448.27% -101.04% -75.41%
Eco Wave Power Global AB (publ) N/A -25.15%-19.33%

Ocean Power Technologies has a beta of 2.18, meaning that its share price is 118% more volatile than the S&P 500. Comparatively, Eco Wave Power Global AB (publ) has a beta of -0.71, meaning that its share price is 171% less volatile than the S&P 500.

Summary

Eco Wave Power Global AB (publ) beats Ocean Power Technologies on 8 of the 14 factors compared between the two stocks.

New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding {thisCompany.Symbol} and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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OPTT vs. The Competition

MetricOcean Power TechnologiesElectric services IndustryEnergy SectorNASDAQ Exchange
Market Cap$14.69M$13.93B$8.46B$8.89B
Dividend YieldN/A4.37%11.48%4.07%
P/E Ratio-0.3812.7214.9112.93
Price / Sales2.698,558.22127.4888.33
Price / CashN/A8.6911.4436.25
Price / Book0.472.063.286.25
Net Income-$27.48M$666.62M$952.17M$225.93M
7 Day Performance6.90%1.82%0.36%-1.32%
1 Month Performance-5.42%1.18%2.03%0.60%
1 Year Performance-49.43%28.02%402.52%26.23%

Ocean Power Technologies Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
OPTT
Ocean Power Technologies
N/A$0.15
flat
N/A-49.4%$14.69M$5.53M-0.3750Positive News
WAVE
Eco Wave Power Global AB (publ)
0.652 of 5 stars
$9.85
+9.6%
N/A+396.7%$54.67M$310,000.000.0012Gap Up
SPRU
Spruce Power
0.3552 of 5 stars
$2.34
+2.6%
N/A-34.1%$43.06M$79.86M0.00180
CETY
Clean Energy Technologies
N/A$0.69
flat
N/A-60.1%$30.76M$15.11M-4.2810Gap Down
CGBS
Crown LNG
N/A$0.35
+1.0%
N/AN/A$24.01MN/A-0.405Gap Down
ALCE
Alternus Clean Energy
N/A$1.36
-1.4%
N/AN/A$4.72M$20.08M0.00N/AUpcoming Earnings
News Coverage
Positive News
Gap Down
VVPR
VivoPower International
0.7806 of 5 stars
$0.82
-3.9%
N/A-54.9%$3.65M$15.06M0.00240
CDZIP
Cadiz
N/A$16.16
+0.1%
N/A+4.7%$0.00$5.54M0.0010
CWEN.A
Clearway Energy
N/A$26.27
+0.5%
N/A+24.3%$0.00N/A0.0060High Trading Volume
CIG.C
COMPANHIA ENERG/S
N/A$2.53
-2.3%
N/A-28.7%$0.00$37.75B0.815,020Gap Down
RNWWW
ReNew Energy Global
N/A$0.22
+15.9%
N/A-69.4%$0.00$82.88B0.001,680Gap Down

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This page (NASDAQ:OPTT) was last updated on 11/21/2024 by MarketBeat.com Staff
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