Ocean Power Technologies and Real Goods Solar were Monday's Explosive Movers on the NASDAQ
NEW YORK, NY / ACCESSWIRE / April 25, 2017 / A positive business update sent shares of Real Goods Solar Inc. higher, while the deployment of a PB3 PowerBuoy off the coast of Japan marked a major milestone for Ocean Power Technologies. Both stocks were big winners on the NASDAQ on Monday and traded on heavy volume.
RDI Initiates Coverage on:
Ocean Power Technologies, Inc.
https://ub.rdinvesting.com/news/?ticker=OPTT
Real Goods Solar, Inc.
https://ub.rdinvesting.com/news/?ticker=RGSE
Ocean Power Technologies, Inc. shares broke out on Monday closing up nearly 50% after the company announced this past Friday that it had deployed its PB3 PowerBuoy off the coast of Japan. Investors loved the news as the deployment marked a crucial step in the company's plan of using ocean waves to provide reliable and persistent electric power and real-time communications for remote offshore applications.
The deployment was part of its first lease agreement with Mitsui Engineering and Shipbuilding. George H. Kirby, President and Chief Executive Officer at OPT, stated: "This is an exciting time for OPT as we initiate this lease and deploy the PB3 in Japanese waters for the first time. The deployment went well and the PB3 has already exceeded two thousand Watts of peak power. We're looking forward to leveraging this opportunity to bring our PowerBuoys to Japan and other parts of East Asia."
Access RDI's Ocean Power Technologies Research Report at:
https://ub.rdinvesting.com/news/?ticker=OPTT
Real Goods Solar, Inc. shares closed up 13.64% on Monday on heavier trading volume compared to usual after the company reported a 194% increase in Q12017 sales as compared to 4Q2016 sales. Additionally, the company efforts towards increase in residential segment sales organization size also impressed the investors. The residential and small business commercial solar company also just presented at the 29th Annual Roth Conference on March 15, 2017. A copy of the presentation is available on the company's website. Dennis Lacey, CEO of RGS Energy stated, "I feel good about the progress we are making since we presented our strategy for top line revenue growth at the Roth conference. Our vision remains to grow top line revenue by growing the size of our sales organizations, and supporting them with training and cost effective marketing leads." Real Goods Solar is the first public residential focused solar company to adopt direct ownership versus leasing.
Access RDI's Real Goods Solar Research Report at:
https://ub.rdinvesting.com/news/?ticker=RGSE
Our Actionable Research on Ocean Power Technologies, Inc. (NASDAQ: OPTT) and Real Goods Solar, Inc. (NASDAQ: RGSE) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com
