| Ocean Power Technologies is developing and commercializing its proprietary systems that generate electricity by harnessing the renewable energy of ocean waves. Co. uses proprietary technologies that convert the mechanical energy created by the heaving motion of ocean waves into electricity. Co.'s principal product is its PB3 PowerBuoy®, which is designed to generate power for use independent of the power grid in remote offshore locations. It consists of a main hull structure loosely moored to the seabed and surrounded by a floating buoy-like device that can freely move up and down in response to the passage of the waves. We show 19 historical shares outstanding datapoints in our coverage of OPTT's shares outstanding history.|
Understanding the changing numbers of OPTT shares outstanding — and
comprehending the concept of differing number of shares outstanding in general comparing companies like OPTT versus peers —
is critical for investors. 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.
Furthermore, via issuance of new shares over time, or the repurchase of existing shares, the number of shares outstanding can fluctuate over the course of history.
With this page we aim to empower investors researching OPTT by allowing them to research OPTT shares outstanding history
as well as any other stock in our coverage universe.