Ocean Power Technologies Inc. (NASDAQ:OPTT) continued its rally on Wednesday as well as its pact with Lockheed Martin Corp. (LMT) remains a solid reason for the positive momentum. During the week, the company had announced that it has entered in an agreement with Lockheed to co-develop the world’s biggest wave-energy project at the Australian coast. Post completion of the energy project, nearly 10,000 home units could be powered. The statement said that Ocean Power Technologies Inc. (NASDAQ:OPTT)’s equipment will be employed to develop the project, extending in the three states of Australia. Reportedly, Australia is in a continuous endeavor to source 20% of its energy consumption from renewable sources by 2020. Ocean Power Technologies Inc (NASDAQ:OPTT) stock opened at $4.64 in last session, and closed at $4.64, while the day range of OPTT stock is $4.37-4.89.The stock showed a positive weekly performance of 105.80%.
The Street Ratings team rates Clean Diesel Technologies, Inc. (NASDAQ:CDTI) as a “sell” with a ratings score of E+. On last trading day Clean Diesel Technologies, Inc. (NASDAQ:CDTI) ended up 14.72% higher to close at $2.65 while trading in the range of $2.30 – $2.90. Its return on assets (ROA) is -22.80% while return on investment (ROI) is -30.60%. Clean Diesel Technologies, Inc. (NASDAQ:CDTI) stock opened at $2.69, in last session and closed at $2.55, by losing -3.77%.The 52 week range of $1.10-3.48.Company’s market capitalization is $23.69 million.
NF Energy Saving Corp (NASDAQ:NFEC) terminated two export contracts derived from South Korea customers because of their low profit margins due to the fluctuations in the market and the Company also terminated other contracts with lower profit margins in order to improve the financial condition of the Company. NF Energy Saving Corp (NASDAQ:NFEC) stock finished the last session at $1.56.The EPS of the stock remained 0.02. Company’s market capitalization is $8.58 million.
Ducommun Incorporated (NYSE:DCO), through its subsidiaries, designs, engineers and manufactures aerostructure and electromechanical components and subassemblies, and provides engineering, technical and program management services for the aerospace industry. Ducommun Incorporated (NYSE:DCO) stock opened the session at $28.46, and closed the session at $24.26.The 52 week range of the DCO stock remained $14.32-31.25 and the day range was $24.00-28.46.