Ocean Power Technologies, Inc. (OPTT)

NYSEAMERICAN: OPTT · Real-Time Price · USD
0.3822
-0.0113 (-2.87%)
May 29, 2026, 12:06 PM EDT - Market open
Market Cap87.15M -7.5%
Revenue (ttm)3.44M -43.8%
Net Income-36.00M
EPS-0.20
Shares Out 228.02M
PE Ration/a
Forward PEn/a
Dividendn/a
Ex-Dividend Daten/a
Volume2,842,686
Open0.4000
Previous Close0.3935
Day's Range0.3710 - 0.4091
52-Week Range0.2900 - 0.9000
Beta2.55
AnalystsStrong Buy
Price Target1.50 (+292.47%)
Earnings DateMar 17, 2026

About OPTT

Ocean Power Technologies, Inc., a maritime domain awareness company, provides maritime solutions in North America, South America, Europe, the Middle East, Africa, Australia, and Asia. Its maritime solutions include Data as a Service (DaaS), Robotics as a Service (RaaS), and Power as a Service (PaaS). The company also designs, manufactures, deploys, and operates PowerBuoy, a sensor and power solution; wave adaptive modular vessel (WAM-V), an autonomous unmanned surface vehicle; and Merrows, a user interface and command and control (C2) system fo... [Read more]

IPO Date Apr 25, 2007
Employees 53
Stock Exchange NYSEAMERICAN
Ticker Symbol OPTT
Full Company Profile

Financial Performance

In fiscal year 2025, Ocean Power Technologies's revenue was $5.86 million, an increase of 6.08% compared to the previous year's $5.53 million. Losses were -$21.51 million, -21.73% less than in 2024.

Financial Statements

Analyst Summary

According to 2 analysts, the average rating for OPTT stock is "Strong Buy." The 12-month stock price target is $1.5, which is an increase of 292.47% from the latest price.

Price Target
$1.5
(292.47% upside)
Analyst Consensus: Strong Buy

News

Ocean Power Technologies Expands U.S. and International Deployment Footprint

MONROE TOWNSHIP, N.J., May 18, 2026 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine power...

11 days ago - GlobeNewsWire

Ocean Power Technologies Deploys Three PowerBuoy® Systems Streaming Simultaneous Offshore Data for DHS Operations

Deployment includes deep-water operations (>1,000m) and integration with Anduril's Lattice platform Deployment includes deep-water operations (>1,000m) and integration with Anduril's Lattice platform

17 days ago - GlobeNewsWire

Ocean Power Technologies Advances Offshore Charging and Autonomous Operations for Maritime Drones

MONROE TOWNSHIP, N.J., May 07, 2026 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine power...

22 days ago - GlobeNewsWire

Ocean Power Technologies Transcript: Water Tower Research Insights Conference

Integrated autonomous ocean systems are driving strong demand across defense and commercial markets, with rapid backlog and pipeline growth fueled by key contracts and international expansion. Recurring revenue models and a skilled leadership team position the company for continued momentum.

6 weeks ago - Transcripts

Ocean Power Technologies Deploys Autonomous PowerBuoy Supporting Persistent Maritime Domain Awareness for U.S. Homeland Security Operations

MONROE TOWNSHIP, N.J., April 13, 2026 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine pow...

6 weeks ago - GlobeNewsWire

Ocean Power secures contract from underwater research customer

Ocean Power (OPTT) announced it has secured a contract from a new Nordics based underwater research customer for a fully integrated WAM-V for immediate delivery. This contract expands the company’s…

2 months ago - TheFly

Ocean Power Technologies Secures Order for Fully Integrated WAM-V for an Underwater Research Customer in the Nordics

MONROE TOWNSHIP, N.J., March 27, 2026 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine pow...

2 months ago - GlobeNewsWire

Ocean Power Technologies Advances U.S. Homeland Security Contract with Shipment of First PowerBuoy®

MONROE TOWNSHIP, N.J., March 24, 2026 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine pow...

2 months ago - GlobeNewsWire

Ocean Power Technologies Earnings release: Q3 2026

Ocean Power Technologies released its Q3 2026 earnings on March 18, 2026, summarizing the period's financial results.

2 months ago - Filings

Ocean Power Technologies Quarterly report: Q3 2026

Ocean Power Technologies has published its Q3 2026 quarterly earnings report on March 18, 2026.

2 months ago - Filings

Ocean Power Technologies, Inc. Pre Releases Third Quarter Fiscal 2026 Results

Record Backlog and Strategic DHS Win Accelerate Maritime Defense Platform Strategy Record Backlog and Strategic DHS Win Accelerate Maritime Defense Platform Strategy

2 months ago - GlobeNewsWire

Ocean Power Technologies to Announce Fiscal 2026 Third Quarter Results on March 17, 2026

MONROE TOWNSHIP, N.J., March 05, 2026 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), a leader in innovative and cost-effective low-carbon marine pow...

3 months ago - GlobeNewsWire

Ocean Power highlights importance of autonomous maritime systems

Ocean Power (OPTT) Technologies underscored the growing strategic importance of persistent maritime domain awareness and offshore infrastructure protection as instability in the Middle East places key...

3 months ago - TheFly

Ocean Power Technologies Highlights Strategic Relevance of Autonomous Maritime Systems Amid Heightened Regional Tensions

MONROE TOWNSHIP, N.J., March 02, 2026 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT), a provider of autonomous maritime systems and offshore power solutions, today underscore...

3 months ago - GlobeNewsWire

Ocean Power receives $1.5M U.S. Coast Guard order for buoy systems

Ocean Power (OPTT) Technologies announced it has received an approximate $1.5 million Purchase Order from the United States Coast Guard for the installation and deployment of buoy systems previously o...

3 months ago - TheFly

Ocean Power Technologies Receives Approximately $1.5 Million U.S. Coast Guard Order for Installation and Deployment of Operational Buoy Systems

MONROE TOWNSHIP, N.J., Feb. 24, 2026 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (“OPT” or “the Company”) (NYSE American: OPTT), today announced it has received an approximate $1.5 million Purc...

3 months ago - GlobeNewsWire

Ocean Power provides update on offshore autonomy infrastructure roadmap

Ocean Power (OPTT) Technologies provided an operational update highlighting continued global deployments and progress on its offshore autonomy infrastructure roadmap. The Company has shipped a WAM-V, ...

3 months ago - TheFly

Ocean Power Technologies Provides Operational Update on Global Deployments and Infrastructure Development

MONROE TOWNSHIP, N.J., Feb. 23, 2026 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (“OPT” or “the Company”) (NYSE American: OPTT) today provided an operational update highlighting continued globa...

3 months ago - GlobeNewsWire

Ocean Power awarded $5M contract to deploy, operate PowerBuoy systems

Ocean Power (OPTT) Technologies announced the award of a multi-buoy contract greater than $5 million to deploy and operate MERROWS-equipped PowerBuoy systems in support of a U.S. Coast Guard mission…

5 months ago - TheFly

Ocean Power initiated with a Buy at H.C. Wainwright

H.C. Wainwright initiated coverage of Ocean Power (OPTT) with a Buy rating and $1.50 price target The firm says Ocean Power is a maritime domain awareness company providing autonomous offshore…

5 months ago - TheFly

Ocean Power Technologies Earnings Call Transcript: Q2 2026

Backlog and pipeline reached record levels, driven by strong demand in defense, government, and international markets. Revenue declined due to shutdown-related delays, but operational reorganization and expanded headcount position the company for growth as government and commercial activity accelerates.

5 months ago - Transcripts

Ocean Power Technologies Quarterly report: Q2 2026

Ocean Power Technologies has published its Q2 2026 quarterly earnings report on December 15, 2025.

5 months ago - Filings

Ocean Power Technologies Earnings release: Q2 2026

Ocean Power Technologies released its Q2 2026 earnings on December 15, 2025, summarizing the period's financial results.

5 months ago - Filings

Ocean Power Technologies, Inc. Announces Second Quarter Fiscal 2026 Results

Year Over Year Backlog increases to $15.0 Million as Commercial Momentum Accelerates Year Over Year Backlog increases to $15.0 Million as Commercial Momentum Accelerates

5 months ago - GlobeNewsWire