Ocean Power Technologies shares rise 5.45% premarket after Ladenburg Thalmann initiates coverage.

Ocean Power Technologies, Inc. rose 5.45% in premarket trading, with Ladenburg Thalmann initiating coverage on the company. Ladenburg Thalmann highlighted Ocean Power Technologies' focus on three major service areas: Data as a Service (DaaS), Robotics as a Service (RaaS), and Power as a Service (PaaS), which are primarily suited to ocean and other offshore environments.