Ocean Power Technologies, Inc. (OPTT)

US — Industrials Sector

Peers: POLA CBAT PPSI LTBR EOSE WWR GEVO

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 Now

Key Metrics & Ratings

symbol OPTT
Rev/Share 0.0033
Book/Share 0.014
PB 40.9506
Debt/Equity 0.2938
CurrentRatio 1.5819
ROIC -0.7259

MktCap 104570777.0
FreeCF/Share -0.0114
PFCF -5.3084
PE -40.5217
Debt/Assets 0.1941
DivYield 0
ROE -0.9599

Rating C
Score 2
Recommendation Sell
P/E Score 1
DCF Score 5
P/B Score 1
D/E Score 2

Recent Analyst Ratings

Type	Ticker	Analyst Firm	Previous Rating	Current Rating	Previous Price Target	Current Price Target	Date
Initiation	OPTT	Ladenburg Thalmann	--	Buy	--	$1.5	Sept. 24, 2025

News

Ocean Power Technologies to deploy PowerBuoy for maritime defense testing

OPTT
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.

image for news Ocean Power Technologies to deploy PowerBuoy for maritime defense testing

Ocean Power Technologies to showcase maritime solutions at NAVDEX

OPTT
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.

image for news Ocean Power Technologies to showcase maritime solutions at NAVDEX

1
2 (current)

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

Ocean Power Technologies, Inc. develops and commercializes proprietary systems that generate electricity by harnessing the renewable energy of ocean waves in North America, South America, Europe, and Asia. It offers PB3 PowerBuoy system that generates power for use independent of the power grid in offshore locations. The company also provides hybrid PowerBuoy products; subsea battery systems; and software, controls, sensors, integration services, and marine installation services. In addition, it offers distributed offshore power and communications for remote surface and subsea applications in markets, such as defense and security, offshore oil and gas, science and research, and offshore wind. Further, the company provides Wave Adaptive Modular Vessel (WAM-V) technology, which enables roaming capabilities for uncrewed maritime systems in waters; leases WAM-V robotics and access information; maritime domain awareness solutions; and strategic consulting services. Additionally, it offers offshore data collection, integration, analytics, and real time communication for various applications. The company serves public and private entities, and agencies that require remote offshore power. Ocean Power Technologies, Inc. was incorporated in 1984 and is headquartered in Monroe Township, New Jersey.