Ocean Power Technologies, Inc. (OPTT)
Automate Your Wheel Strategy on OPTT
With Tiblio's Option Bot, you can configure your own wheel strategy including OPTT - and automate your put writes, covered calls, and full wheel strategy. Just connect one of the supported brokerages: tastytrade, Schwab, TradeStation or Tradier and go.
Start Your Free Trial NowNews
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.
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More
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%
Read More
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.
Read More
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.
Read More
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.
Read More
About Ocean Power Technologies, Inc. (OPTT)
- IPO Date 2007-04-25
- Website https://www.oceanpowertechnologies.com
- Industry Electrical Equipment & Parts
- CEO Philipp Stratmann
- Employees 43