Ocean Power Technologies Inc OPTT
$0.18 $0.00 (2.23%) 1D
Last Updated: Aug 21, 12:00 AM·XASE
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OPTT Shariah Compliance
Screening Methodology: AAOIFI
As of August 2026, Ocean Power Technologies Inc is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
Ocean Power Technologies Inc. Stock Analysis OPTT
United States Industrials Micro Cap Ocean Power Technologies, Inc. engages in commercializing proprietary systems that generate electricity predominantly by harnessing the renewable energy of ocean waves. The firm focuses on three major service areas: Data as a Service (DaaS), which includes data collected by its Wave Adaptive Modular Vessel (WAM-V) autonomous vehicles or its PowerBuoy product lines; Robotics as a Service (RaaS), which provides a lower cost subscription model for its customers to access use of its WAM-Vs, and Power as a Service (PaaS), which includes its PowerBuoy and subsea battery products. The firm's solutions are primarily suited to ocean and other offshore environments, and support generation of actionable intelligence on a standalone basis. The firm offers its products and services to a wide range of customers, including those in government and offshore energy, oil and gas, construction, science and research, wind power, and other industries.
Ocean Power Technologies Inc (OPTT) Chart
Financial Metrics & Statements of Ocean Power Technologies Inc (OPTT)
FAQ's for Ocean Power Technologies Inc (OPTT)
- As of August 2026, Ocean Power Technologies Inc OPTT is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
- A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Ocean Power Technologies Inc using these criteria to determine its compliance status.
- Muslim investors may consider investing in Ocean Power Technologies Inc if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
- Musaffa determines the Shariah status of Ocean Power Technologies Inc by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
- The Shariah compliance status of Ocean Power Technologies Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.
- Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
- You can check the latest Shariah compliance status of Ocean Power Technologies Inc on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Alternate Halal Stocks for Ocean Power Technologies Inc (OPTT)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
