Ocean Power Technologies, Inc. (OPTT)
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- symbol OPTT
- Rev/Share 0.0415
- Book/Share 0.1959
- PB 2.5609
- Debt/Equity 0.0714
- CurrentRatio 3.8763
- ROIC -0.6944
- MktCap 86683943.0
- FreeCF/Share -0.145
- PFCF -4.0524
- PE -3.395
- Debt/Assets 0.06
- DivYield 0
- ROE -0.9412
- Rating C+
- Score 2
- Recommendation Sell
- P/E Score 1
- DCF Score 5
- P/B Score 2
- D/E Score 3
Recent Analyst Ratings
| Type | Ticker | Analyst Firm | Previous Rating | Current Rating | Previous Price Target | Current Price Target | Date |
|---|---|---|---|---|---|---|---|
| No ratings available. | |||||||
News
Zacks Initiates Coverage of Ocean Power With Neutral Recommendation
Published: May 30, 2025 by: Zacks Investment Research
Sentiment: Neutral
Discover why Zacks, being the first on Wall Street to initiate the stock coverage, rates OPTT as "Neutral." Explore how its AI-driven maritime tech shows promise, but execution and financial risks linger.
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Ocean Power Technologies expands year-round testing to both US coasts
Published: May 22, 2025 by: Proactive Investors
Sentiment: Positive
Ocean Power Technologies Inc (NYSE-A:OPTT) announced that it has completed its first sea trials of its WAV-V 22 autonomous surface vehicle for a customer with significant operations in Sub-Saharan Africa. The trials were conducted at Ocean Power Technologies' newly permitted test site in Southern New Jersey, following site visits and operational reviews by the US Coast Guard.
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Ocean Power Technologies Completes First Sea Trial for WAM-V®s at US Coast Guard Approved Test Site in New Jersey
Published: May 22, 2025 by: GlobeNewsWire
Sentiment: Neutral
Completion of Sea Trial confirms ability to test 24/7/365 on East and West Coast Completion of Sea Trial confirms ability to test 24/7/365 on East and West Coast
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Ocean Power Technologies ships Merrows-enabled PowerBuoy for defence demonstration
Published: May 01, 2025 by: Proactive Investors
Sentiment: Positive
Ocean Power Technologies Inc (NYSE-A:OPTT) has shipped a Merrows-capable PowerBuoy as part of a demonstration aimed at validating the system's survivability and suitability for defense and security applications, including surface and subsea monitoring. The shipment marks a key milestone following the company's teaming agreement signed last year with a major international defense contractor.
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Ocean Power Technologies Ships AI-Capable Merrows™ PowerBuoy®
Published: May 01, 2025 by: GlobeNewsWire
Sentiment: Neutral
MONROE TOWNSHIP, N.J., May 01, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced it has shipped a Merrows™ capable PowerBuoy® to demonstrate the survivability and suitability of the system for certain defense and security applications, including surface and subsea monitoring.
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Ocean Power Technologies ships autonomous WAM-V for extended offshore operations
Published: April 30, 2025 by: Proactive Investors
Sentiment: Positive
Ocean Power Technologies Inc (NYSE-A:OPTT) announced that it has shipped a Wave Adaptive Modular Vessel (WAM-V) 22' vessel equipped with autonomous capabilities designed for extended offshore surveys. The company said the vessel can operate continuously for multiple days without returning to base, supporting 24/7 payload operations.
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Ocean Power Technologies Ships Multi-Day Capable WAM-V® for Indo-Pacific Operations
Published: April 30, 2025 by: GlobeNewsWire
Sentiment: Neutral
Successfully demonstrates three days of continuous survey operations Successfully demonstrates three days of continuous survey operations
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Ocean Power Technologies expands global reseller network - ICYMI
Published: April 18, 2025 by: Proactive Investors
Sentiment: Positive
Ocean Power Technologies Inc (NYSE-A:OPTT) earlier this week discussed its recent global expansion strategy and operational resilience in an interview with Proactive. The company said it continues to pursue “responsible geographic expansions,” focusing on establishing partnerships with regional resellers and service providers.
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Ocean Power Technologies wins new international government order for WAM-V system
Published: April 14, 2025 by: Proactive Investors
Sentiment: Positive
Ocean Power Technologies Inc (NYSE-A:OPTT) announced that it has secured a new contract with an international government client for the near-term delivery of a fully integrated Wave Adaptive Modular Vessel (WAM-V). The agreement marks another milestone in OPT's regional expansion strategy and highlights growing demand for its low-carbon marine power, data, and service solutions, the company said.
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Ocean Power Technologies partners with Elektron SAS to expand reach in Latin America
Published: April 11, 2025 by: Proactive Investors
Sentiment: Positive
Ocean Power Technologies Inc (NYSE-A:OPTT) announced the signing of a strategic reseller agreement with Elektron SAS, a Colombia-based company specializing in hydrographic and oceanographic instrumentation. As part of the agreement, Elektron has committed to $4 million in purchases of OPT's intelligent maritime solutions, including its WAM-V USVs, PowerBuoy, and AI-driven Merrows platform.
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Ocean Power Technologies expands US reach through reseller deal with Grava Hydro
Published: April 10, 2025 by: Proactive Investors
Sentiment: Positive
Ocean Power Technologies Inc (NYSE-A:OPTT) announced that it has signed a reseller agreement with Grava Hydrographic Solutions, strengthening its US distribution network for its Wave Adaptive Modular Vessels (WAM-V) unmanned surface vehicles. Grava Hydro, a US-based expert in hydrographic and oceanographic equipment integration, will now support the availability, sales, and servicing of OPT's WAM-V platforms across the country.
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Ocean Power Technologies says US-based supply chain shields it from global disruptions
Published: April 07, 2025 by: Proactive Investors
Sentiment: Positive
Ocean Power Technologies Inc (NYSE-A:OPTT) said on Monday it remains fully operational and does not expect any material impact from global supply chain disruptions, citing its majority domestic supply chain and US-based workforce. The New Jersey-based company, which develops ocean energy solutions for commercial and defense sectors, said its inventory levels and procurement processes remain stable despite international logistics constraints and raw material availability issues.
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Ocean Power Technologies wins PowerBuoy contract for East Coast deployment
Published: March 24, 2025 by: Proactive Investors
Sentiment: Positive
Ocean Power Technologies Inc (NYSE-A:OPTT) announced that it has secured a contract to deliver a PowerBuoy for immediate deployment on the East Coast of the United States. The contract allows for the future integration of surface and subsea sensors, expanding the buoy's capabilities.
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Ocean Power Stock Falls on Wider Y/Y Loss in Q3, Lower Sales
Published: March 21, 2025 by: Zacks Investment Research
Sentiment: Negative
OPTT reports a wider Q3 loss on lower revenue. Its shares fall 22.7% post-earnings despite a record backlog and reduced cash burn.
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Ocean Power Technologies Announces Financial Results for Third Quarter Fiscal 2025
Published: March 18, 2025 by: GlobeNewsWire
Sentiment: Neutral
Reports Record Backlog and Reduces Cash Used in Operating Activities by 59% Reports Record Backlog and Reduces Cash Used in Operating Activities by 59%
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Ocean Power Technologies Secures Order for Fully Integrated WAM-V from a Major European Offshore Services Provider
Published: March 13, 2025 by: GlobeNewsWire
Sentiment: Neutral
MONROE TOWNSHIP, N.J., March 13, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced it has secured a contract from a new European Offshore Services Provider for a fully integrated WAM-V® for near term delivery.
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Ocean Power Technologies to deploy PowerBuoy for maritime defense testing
Published: March 12, 2025 by: Proactive Investors
Sentiment: Positive
Ocean Power Technologies Inc (NYSE-A:OPTT) announced that it received a binding letter of intent to deploy a PowerBuoy for an undisclosed customer to demonstrate the system's survivability and suitability for multidomain defense and security applications in extreme sea conditions. This follows a teaming agreement signed last year with a major international defense contractor to provide its Merrows suite of solutions in select regions.
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Ocean Power Technologies to showcase maritime solutions at NAVDEX
Published: February 10, 2025 by: Proactive Investors
Sentiment: Positive
Ocean Power Technologies Inc (NYSE-A:OPTT) announced that it will demonstrate its WAM-V Unmanned Surface Vehicles (USVs) at NAVDEX in Abu Dhabi, in collaboration with its UAE-based partner, Remah International Group (RIG). This follows RIG's appointment as OPT's regional distributor for defense and security solutions in late 2024.
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About Ocean Power Technologies, Inc. (OPTT)
- IPO Date 2007-04-25
- Website https://www.oceanpowertechnologies.com
- Industry Electrical Equipment & Parts
- CEO Dr. Philipp Stratmann
- Employees 43