Ocean Power Technologies Secures New Maritime Certification

An announcement from Ocean Power Technologies ( (OPTT) ) is now available.

On May 22, 2025, Ocean Power Technologies announced the successful completion of its first sea trial for WAM-V® 22 at a newly permitted test site in Southern New Jersey, approved by the US Coast Guard. This milestone allows the company to conduct year-round testing on both coasts, enhancing product delivery efficiency and reducing the time from booking to revenue recognition. Additionally, on May 27, 2025, the company achieved a new certification, further solidifying its position in the maritime industry.

Spark’s Take on OPTT Stock

According to Spark, TipRanks’ AI Analyst, OPTT is a Neutral.

Ocean Power Technologies struggles with financial performance due to profitability and cash flow issues, which significantly impact its overall score. Technical analysis shows mixed signals, and the valuation is unfavorable. However, a recent funding deal provides some financial support, slightly improving the outlook.

To see Spark’s full report on OPTT stock, click here.

More about Ocean Power Technologies

Ocean Power Technologies, Inc. is a leader in innovative, cost-effective, low-carbon, and artificial intelligence maritime services. The company provides intelligent maritime solutions and services for the defense and security, oil and gas, science and research, and offshore wind markets. Their offerings include Merrows™ for AI-capable integration of Maritime Domain Awareness Systems, PowerBuoy® platforms for clean electric power and data communications, and WAM-V® unmanned surface vehicles and marine robotics services. The company is headquartered in Monroe Township, New Jersey, with an additional office in Richmond, California.

Average Trading Volume: 4,528,498

Technical Sentiment Signal: Hold

Current Market Cap: $89.76M

See more data about OPTT stock on TipRanks’ Stock Analysis page.