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NASDAQ:OPTT 7 January 2026 - 26 January 2026

Ocean Power Technologies (OPTT) stock jumps premarket as dilution vote nears

Ocean Power Technologies (OPTT) stock jumps premarket as dilution vote nears

Ocean Power Technologies shares jumped 18% to $0.547 in premarket trading Monday, after an 8.1% rise Friday. Shareholders will vote Jan. 27 on proposals to raise authorized shares to 400 million and expand the equity incentive pool by 5 million shares. The company recently secured a $5 million U.S. homeland security contract. Ocean Power posted a $10.8 million quarterly net loss on $0.4 million revenue.

Stock Market Today

  • Nifty50 and Sensex End Higher on March 20, 2026; IT, PSU Banks, Metals Lead Gains
    March 20, 2026, 10:02 AM EDT. India's benchmark indices closed higher on March 20, 2026. The BSE Sensex rose 0.44% to 74,533 points, and the NSE Nifty gained 0.49% to 23,114. Strong buying in IT, PSU banks and metal stocks buoyed the market despite fuel price hikes and geopolitical tensions in West Asia. Top gainers included Tech Mahindra (3.30%), Tata Steel (3.29%) and Infosys (2.88%), while Hindalco (-2.55%) and HDFC Bank (-2.23%) led declines. Brent crude oil climbed 1.88% to $110.7 a barrel amid the Israel-Iran conflict. Sector-wise, PSU Bank (+2.19%), IT and metal stocks advanced solidly, but financial services and private banks softened. Market breadth was positive with 2,458 stocks rising, reflecting relief-driven buying amid volatile conditions.
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