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Ocean Power Technologies Inc. Stock
Pros and Cons of Ocean Power Technologies Inc. in the next few years
Pros
Cons
Performance of Ocean Power Technologies Inc. vs. its peers
Security | Change(%) | 1w | 1m | 1y | YTD | 3y | 5y |
---|---|---|---|---|---|---|---|
Ocean Power Technologies Inc. | 4.680% | -15.023% | -14.218% | -61.283% | -51.081% | -92.387% | -91.245% |
Zhongde Waste Technology | 0.870% | -3.333% | -3.333% | -22.667% | -21.622% | -70.256% | 54.667% |
Fortis Inc. | 0.540% | 1.974% | 4.134% | 12.300% | 10.476% | 6.805% | 6.331% |
Kyushu Electric Power Co Inc | -0.980% | 2.538% | 9.189% | 61.600% | 57.813% | 44.286% | - |
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The analysis provided is generated by an artificial intelligence system and is provided for informational purposes only. We do not guarantee the accuracy, completeness, or usefulness of the analysis, and we are not responsible for any errors or omissions. Use of the analysis is at your own risk.Upon first glance, the financials of the company OPT (US symbol OPTT) from the industry Electrical Utilities & IPPs seem quite concerning. The company has displayed a continuous decrease in total assets for three consecutive years (2020, 2021, and 2022), while its net income has remained negative for the same period. The first quarter of 2023, however, showed signs of recovery with a slight increase in total assets. Let's delve deeper into the financials of the company and explore its pros and cons.
Increase in total assets (Q1 2023): According to the quarterly balance sheet for Q1 2023, there has been an increase in total assets since 2022, from 7,339,300,000 to 5,904,300,000. This could demonstrate the company's potential to rebuild its financial health in the future.
Positive gross profit (Q1 2023): Although the company's net income remains negative, the gross profit for Q1 2023 showed a positive margin of 136,000, indicating that it can generate returns above the cost of revenue.