Ocean Thermal Energy (OTCMKTS:CPWR) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Ocean Thermal Energy Co. (OTCMKTS:CPWR)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.00 and traded as high as $0.0169. Ocean Thermal Energy shares last traded at $0.0169, with a volume of 384,291 shares traded.

Ocean Thermal Energy Stock Up 61.0%

Ocean Thermal Energy (OTCMKTS:CPWR) last released its quarterly earnings results on Thursday, December 18th. The energy producer reported ($0.01) EPS for the quarter. The company had revenue of $0.85 million for the quarter.

About Ocean Thermal Energy

Ocean Thermal Energy Corporation, together with its subsidiaries, engages in the development of projects for renewable power generation, desalinated water production, and air conditioning worldwide. It is involved in the design and development of ocean thermal energy conversion, and seawater and lake water air conditioning plants for commercial properties, utilities, and municipalities. The company produces electricity through ocean thermal electrical conversion plants and provides air conditioning for large commercial buildings or other facilities through seawater air conditioning and lake source cooling plants.