Ocean Power Technologies, Inc. (OPTT)
| Market Cap | 34.36M -69.9% |
| Revenue (ttm) | 4.08M -30.5% |
| Net Income | -44.82M |
| EPS | -0.23 |
| Shares Out | 228.46M |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 7,735,338 |
| Open | 0.1400 |
| Previous Close | 0.1440 |
| Day's Range | 0.1307 - 0.1549 |
| 52-Week Range | 0.1307 - 0.7200 |
| Beta | 2.57 |
| Analysts | Strong Buy |
| Price Target | 1.50 (+897.34%) |
| Earnings Date | Jul 23, 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]
Financial Performance
In fiscal year 2026, Ocean Power Technologies's revenue was $4.08 million, a decrease of -30.46% compared to the previous year's $5.86 million. Losses were -$44.82 million, 108.4% more than in 2025.
Financial StatementsAnalyst 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 897.34% from the latest price.
News
Ocean Power Technologies Earnings Call Transcript: Q4 2026
Fiscal 2026 saw record backlog growth, strategic investments, and expanded recurring revenue contracts, despite a wider net loss and lower revenue due to deployment timing. The company is focused on executing its robust pipeline, expanding internationally, and advancing integrated maritime solutions.
Ocean Power Technologies Earnings release: Q4 2026
Ocean Power Technologies released its Q4 2026 earnings on July 24, 2026, summarizing the period's financial results.
Ocean Power acquires subsea developmental technology assets from Columbia Power
Ocean Power (OPTT) announced the acquisition of strategic subsea developmental technology assets from Columbia Power Technologies. The transaction has been structured as an asset acquisition, securing...
Ocean Power Technologies Acquires Strategic Subsea Technology to Expand Operational Infrastructure Supporting Maritime Dominance
Transaction Extends Company's Operational Infrastructure Offering to the Subsea Market Transaction Extends Company's Operational Infrastructure Offering to the Subsea Market
Ocean Power Technologies Announces Fourth Quarter and Full Year Fiscal 2026 Results
Fiscal 2026 Marks Company's Transformation into an Operational Defense Technology Provider Through Historic Coast Guard Deployment, Record Backlog and Global Defense Expansion
Ocean Power Technologies to Announce Fourth Quarter and Fiscal Results on July 23, 2026
MONROE TOWNSHIP, N.J., July 23, 2026 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), a leader in innovative and cost-effective low-carbon marine powe...
Ocean Power Technologies Proxy statement: Proxy filing
Ocean Power Technologies filed a proxy statement on July 23, 2026, providing details for shareholder voting and corporate governance matters.
Ocean Power Technologies Selected by U.S. Government for Further Assessment of its Maritime Drones
MONROE TOWNSHIP, N.J., July 17, 2026 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) today announced that it has received notification from the U.S. Government that its mariti...
Ocean Power Technologies Expands International Maritime Security Engagements Across Europe
MONROE TOWNSHIP, N.J., July 01, 2026 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (“OPT” or the “Company”) (NYSE American: OPTT), a provider of autonomous maritime systems and offshore power sol...
OPT Extends Its Section 382 Tax Benefits Preservation Plan
MONROE TOWNSHIP, N.J., June 29, 2026 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (“OPT” or the “Company”) (NYSE American: OPTT), a provider of autonomous maritime systems and offshore power sol...
Ocean Power Technologies Announces Deployment of PowerBuoy® System for Rutgers University and New Maritime Drone Order from Stevens Institute of Technology
MONROE TOWNSHIP, N.J., June 24, 2026 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (“OPT” or the “Company”) (NYSE American: OPTT) today announced the successful deployment and commissioning of a ...
Ocean Power Technologies Transcript: WTR Insights Conference: Powered by The Small Cap Showcase
Autonomous ocean monitoring solutions are gaining traction with government and commercial clients, driven by cost advantages and integrated technology. Recent contracts, a $10M equity raise, and a $160M pipeline position the company for growth, though scaling depends on further capital and contract wins.
Ocean Power reports strong performance from Coast Guard deployment
Ocean Power (OPTT) announced successful field performance and power generation from its recently deployed MERROWS-equipped PowerBuoy system supporting maritime domain awareness operations for the U.S....
Ocean Power Technologies Demonstrates Strong Field Performance from DHS Deployment and Advances Operational Scalability
MONROE TOWNSHIP, N.J., June 08, 2026 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine powe...
Ocean Power announces pricing of $10M registered direct offering
Ocean Power (OPTT) Technologies announced that it has entered into securities purchase agreements with certain institutional investors for the purchase and sale of 25M shares of the company’s common s...
Ocean Power Technologies Announces Pricing of $10,000,000 Registered Direct Offering Priced At A Premium to Market
MONROE TOWNSHIP, N.J., June 05, 2026 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), today announced that it has entered into securities purchase agr...
Ocean Power Technologies Expands International Defense Engagements Across Europe
MONROE TOWNSHIP, N.J., June 01, 2026 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine powe...
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...
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
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...
Ocean Power Technologies Transcript: Water Tower Research Insights Conference
The session highlighted robust demand for autonomous ocean systems across defense and commercial sectors, with rapid progress on a major DHS contract and expanding international presence. Backlog and pipeline growth, recurring revenue models, and a strong leadership team position the company for continued momentum.
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...
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…
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...
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...