OPTT icon

Ocean Power Technologies

0.7596 USD
+0.2828
59.31%
Updated Dec 30, 11:21 AM EST
1 day
59.31%
5 days
125.20%
1 month
8.51%
3 months
387.55%
6 months
175.02%
Year to date
140.76%
1 year
140.76%
5 years
-12.56%
10 years
-99.42%
 

About: Ocean Power Technologies Inc provides intelligent maritime solutions and services that enable safer, cleaner, and more productive ocean operations for the defense and security, oil and gas, science and research, and offshore wind markets. It provides ocean data collection and reporting, marine power, offshore communications, and Maritime Domain Awareness System (MDAS) products, integrated solutions, and consulting services. The company offers its products and services to a wide range of customers, including those in government and offshore energy, oil and gas, construction, wind power, and other industries. The company has operations in North and South America, Europe, Asia and Australia.

Employees: 43

0
Funds holding %
of 6,812 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

2,100% more call options, than puts

Call options by funds: $22K | Put options by funds: $1K

100% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 5

17% more funds holding

Funds holding: 30 [Q2] → 35 (+5) [Q3]

0% more repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 8

2.33% less ownership

Funds ownership: 6.65% [Q2] → 4.33% (-2.33%) [Q3]

15% less capital invested

Capital invested by funds: $773K [Q2] → $658K (-$115K) [Q3]

Research analyst outlook

We haven’t received any recent analyst ratings for OPTT.

Financial journalist opinion

Based on 13 articles about OPTT published over the past 30 days

Positive
Proactive Investors
2 days ago
Ocean Power Technologies CEO talks PowerBuoy deployment milestone - ICYMI
Ocean Power Technologies Inc (NYSE-A:OPTT) this week announced the deployment of their next-generation PowerBuoy system for the Naval Postgraduate School.   CEO Philipp Stratmann joined Proactive to discuss the milestone.
Ocean Power Technologies CEO talks PowerBuoy deployment milestone - ICYMI
Positive
Proactive Investors
1 week ago
Ocean Power Technologies nearing PowerBuoy deployment for Naval Postgraduate School
Ocean Power Technologies Inc (NYSE-A:OPTT) announced that it has completed the final assembly of its AI-capable Merrows PowerBuoy for the Naval Postgraduate School (NPS). The provider of intelligent maritime solutions said the advanced system, which integrates AT&T 5G technology and subsea sensors, is designed for seamless integration with Maritime Domain Awareness platforms.
Ocean Power Technologies nearing PowerBuoy deployment for Naval Postgraduate School
Neutral
GlobeNewsWire
1 week ago
Ocean Power Technologies Readies Shipment of AI Capable Merrows™ PowerBuoy® for Naval Postgraduate School
MONROE TOWNSHIP, N.J., Dec. 23, 2024 (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 finalized the main assembly of the previously announced PowerBuoy® for Naval Postgraduate School.
Ocean Power Technologies Readies Shipment of AI Capable Merrows™ PowerBuoy® for Naval Postgraduate School
Neutral
GlobeNewsWire
1 week ago
Ocean Power Technologies to Participate in a Fireside Chat on Thursday, December 19, 2024
MONROE TOWNSHIP, N.J., Dec. 18, 2024 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that as part of the Company's ongoing commitment to connecting with the investor community, it will participate in a fireside chat on Thursday, December 19, 2024, at 11:00 a.m. ET.
Ocean Power Technologies to Participate in a Fireside Chat on Thursday, December 19, 2024
Neutral
Seeking Alpha
1 week ago
Ocean Power Technologies, Inc. (OPTT) Q2 2025 Earnings Call Transcript
Ocean Power Technologies, Inc. (NYSE:OPTT ) Q2 2025 Earnings Call Transcript December 17, 2024 9:00 AM ET Company Participants Bob Powers - SVP and CFO Philipp Stratmann - President and CEO Conference Call Participants Shawn Severson - Water Tower Research Jeff Grampp - Alliance Global Partners Brian Gordon - Water Tower Research Operator Good morning, and welcome to the Ocean Power Technologies Second Quarter of Fiscal Year 2025 Earnings Conference Call. A webcast of this call is also available and can be accessed via a link on the company's website at www.oceanpowertechnologies.com.
Ocean Power Technologies, Inc. (OPTT) Q2 2025 Earnings Call Transcript
Positive
Proactive Investors
1 week ago
Ocean Power Technologies reports increased revenue on strong demand for Q2
Ocean Power Technologies Inc (NYSE-A:OPTT) has reported its financial results for the fiscal second quarter of 2025 marked by a 2.7x year-over-year increase in revenue to $2.4 million and a 46% reduction in its net loss to $3.9 million. The company reduced its operating expenses by 41% from the year-ago quarter.
Ocean Power Technologies reports increased revenue on strong demand for Q2
Neutral
GlobeNewsWire
1 week ago
Ocean Power Technologies Announces Financial Results for Second Quarter Fiscal 2025
Confirms pathway to profitability in late 2025 based on record quarterly revenues and materially reduced expenses Confirms pathway to profitability in late 2025 based on record quarterly revenues and materially reduced expenses
Ocean Power Technologies Announces Financial Results for Second Quarter Fiscal 2025
Positive
Proactive Investors
2 weeks ago
Ocean Power Technologies eyes profitability as military and commercial contracts heat up: analysts
Ocean Power Technologies Inc (NYSE-A:OPTT) is expected to cap off a strong 2024 with reduced losses and commercial growth opportunities, according to analysts at Water Tower Research. The manufacturer of the Wave Adaptive Modular Vessel (WAV) recently stated its guidance of achieving profitability by the fourth quarter of 2025.
Ocean Power Technologies eyes profitability as military and commercial contracts heat up: analysts
Positive
Proactive Investors
3 weeks ago
Ocean Power Technologies wins $3M in purchase commitment for WAM-V USVs in Latin America
Ocean Power Technologies Inc (NYSE-A:OPTT) announced a new partnership including $3 million of purchase order commitments for its WAM-V unmanned surface vehicles (USVs) over 36 months in Latin America. The provider of intelligent maritime solutions highlighted that this builds on a previous $1.5 million order, doubling the total commitments to $3 million in the region.
Ocean Power Technologies wins $3M in purchase commitment for WAM-V USVs in Latin America
Neutral
GlobeNewsWire
3 weeks ago
Ocean Power Technologies Secures $3 Million in Purchase Order Commitments for WAM-V USV's in Latin America
MONROE TOWNSHIP, N.J., Dec. 09, 2024 (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 a new partnership, with $3M of purchase order commitments over 36 months in Latin America.
Ocean Power Technologies Secures $3 Million in Purchase Order Commitments for WAM-V USV's in Latin America
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