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Ocean Power Technologies

0.4000 USD
-0.0558
12.24%
At close Apr 1, 4:00 PM EDT
Pre-market
0.4047
+0.0047
1.17%
1 day
-12.24%
5 days
-26.89%
1 month
-25.40%
3 months
-60.40%
6 months
185.92%
Year to date
-60.40%
1 year
53.26%
5 years
9.59%
10 years
-99.57%
 

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 7,398 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

1,236% more capital invested

Capital invested by funds: $671K [Q3] → $8.97M (+$8.29M) [Q4]

350% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 4

251% more call options, than puts

Call options by funds: $2.61M | Put options by funds: $744K

83% more repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 6

39% more funds holding

Funds holding: 36 [Q3] → 50 (+14) [Q4]

1.78% more ownership

Funds ownership: 4.34% [Q3] → 6.12% (+1.78%) [Q4]

Research analyst outlook

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

Financial journalist opinion

Based on 12 articles about OPTT published over the past 30 days

Positive
Proactive Investors
3 days ago
Ocean Power Technologies secures new contract wins in US, Latin America - ICYMI
Ocean Power Technologies Inc (NYSE-A:OPTT) CEO Philipp Stratmann talked with Proactive about recent strategic developments for the maritime technology company, including new contract wins in the United States and Latin America. Proactive: Alright, welcome back inside our Proactive newsroom.
Ocean Power Technologies secures new contract wins in US, Latin America - ICYMI
Positive
Proactive Investors
1 week ago
Ocean Power Technologies expands into new sector with Latin America WAM-V sale
Ocean Power Technologies Inc (NYSE-A:OPTT) has announced the sale of a Wave Adaptive Modular Vessel (WAM-V) to a Latin American customer for use in the onshore mining industry. This transaction marks a significant step in the company's expansion into new sectors, the company said on Tuesday.
Ocean Power Technologies expands into new sector with Latin America WAM-V sale
Neutral
GlobeNewsWire
1 week ago
Ocean Power Technologies Enters New Market with WAM-V® Sale for a Mining Deployment in Latin America
MONROE TOWNSHIP, N.J., March 25, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (“OPT” or “Company”) (NYSE American: OPTT), a leader in innovative maritime solutions, today announced the sale of a Wave Adaptive Modular Vessel (WAM-V®) to a new customer in Latin America, for an onshore mining industry application, marking a significant expansion into a new industry.
Ocean Power Technologies Enters New Market with WAM-V® Sale for a Mining Deployment in Latin America
Positive
Proactive Investors
1 week ago
Ocean Power Technologies wins PowerBuoy contract for East Coast deployment
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.
Ocean Power Technologies wins PowerBuoy contract for East Coast deployment
Neutral
GlobeNewsWire
1 week ago
Ocean Power Technologies Awarded Contract for Delivery of AI Capable Buoy in the USA
MONROE TOWNSHIP, N.J., March 24, 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 been awarded a contract for a PowerBuoy® for an immediate delivery in the USA.
Ocean Power Technologies Awarded Contract for Delivery of AI Capable Buoy in the USA
Negative
Zacks Investment Research
1 week ago
Ocean Power Stock Falls on Wider Y/Y Loss in Q3, Lower Sales
OPTT reports a wider Q3 loss on lower revenue. Its shares fall 22.7% post-earnings despite a record backlog and reduced cash burn.
Ocean Power Stock Falls on Wider Y/Y Loss in Q3, Lower Sales
Positive
Proactive Investors
2 weeks ago
Ocean Power Technologies backlog grows amid international expansion plans
Ocean Power Technologies Inc (NYSE-A:OPTT) said it is sharpening its focus on defense and international expansion as it works to accelerate revenue growth in 2025. The company's backlog surged to $7.5 million, a significant increase from $3.3 million in the same period last year, primarily driven by new partnerships in Latin America, including a $2 million order for Next Generation PowerBuoys and $3 million in WAM-V purchases.
Ocean Power Technologies backlog grows amid international expansion plans
Neutral
GlobeNewsWire
2 weeks ago
Ocean Power Technologies Announces Financial Results for Third Quarter Fiscal 2025
Reports Record Backlog and Reduces Cash Used in Operating Activities by 59% Reports Record Backlog and Reduces Cash Used in Operating Activities by 59%
Ocean Power Technologies Announces Financial Results for Third Quarter Fiscal 2025
Positive
Proactive Investors
2 weeks ago
Ocean Power Technologies secures European contract for WAM-V system
Ocean Power Technologies Inc (NYSE-A:OPTT) said on Thursday it has secured a contract with a new European offshore services provider for the near-term delivery of a fully integrated WAM-V system. The deal marks the company's expansion into the European Union, where it is working with end customers and resellers.
Ocean Power Technologies secures European contract for WAM-V system
Neutral
GlobeNewsWire
2 weeks ago
Ocean Power Technologies Secures Order for Fully Integrated WAM-V from a Major European Offshore Services Provider
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.
Ocean Power Technologies Secures Order for Fully Integrated WAM-V from a Major European Offshore Services Provider
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