Ocean Power Tech soars past $7 on deal with offshore oil and gas operator

|About: Ocean Power Technologies, Inc. (OPTT)|By:, SA News Editor

Ocean Power Technologies (NASDAQ:OPTT) +2,230% pre-market to surpass $7/share - which would be the stock's highest price since September 2016 - after signing a master service contract with "a leading offshore oil and gas operator."

The company says the contract is its "first with a U.S. oil and gas operator, opening the door for OPT to provide solutions into the Gulf of Mexico where we believe there exists significant need for cost-effective remote offshore power and communications."

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