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OPTT Stock Chart & Stats
$0.19
>-$0.01(-4.00%)
At close: 4:00 PM EDT
$0.19
>-$0.01(-4.00%)
Day’s Range― - ―
52-Week Range$0.54 - $21.62
Previous Close$0.14
Volume5.81M
Average Volume (3M)731.01K
Market Cap
$5.24M
Enterprise Value$47.03M
Total Cash (Recent Filing)$7.36M
Total Debt (Recent Filing)$9.82M
Price to Earnings (P/E)―
Beta3.06
Next Earnings
Dec 16, 2026EPS Estimate
-0.9Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-7.33
Shares Outstanding9,094,159
10 Day Avg. Volume1,110,417
30 Day Avg. Volume731,014
Financial Highlights & Ratios
PEG Ratio0.46
Price to Book (P/B)65.66
Price to Sales (P/S)172.29
P/FCF Ratio-26.28
Enterprise Value/Market Cap8.98
Enterprise Value/Revenue11.05
Enterprise Value/Gross Profit-5.39
Enterprise Value/Ebitda-1.06
Forecast
1Y Price Target
$45.00Price Target Upside23584.21% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-3.3
Revenue Forecast (FY)$14.46M
Bulls Say, Bears Say
Bulls Say
Government Contract PositioningThe Navy contract creates a multi-year pathway to compete for task orders and embeds OPT’s WAM-V and PowerBuoy technologies in government maritime programs. Repeated participation could strengthen customer validation, support backlog conversion, and deepen its defense-market position.
Broader Subsea Technology PlatformThe subsea asset acquisition extends OPT’s capabilities from surface operations toward seabed infrastructure, complementing its autonomous vehicles, sensing, communications, and software. A broader technology platform may improve its ability to serve defense and commercial underwater missions.
Commercial Pipeline And BacklogAn existing backlog provides a base of contracted or advancing work, while the qualified pipeline indicates potential demand beyond current deliveries. Converting these opportunities into revenue could improve scale and make the company’s maritime offerings more commercially durable.
Bears Say
Severe Profitability DeteriorationTop-line improvement has not translated into economic viability because gross, operating, and net margins remain extremely negative. Persistent inability to cover the cost base could constrain investment, weaken execution capacity, and delay the path to sustainable profitability.
Substantial Cash Burn And LeverageHeavy operating and free-cash-flow deficits indicate that the business is consuming capital rather than funding operations internally. Combined with higher debt, this reduces financial flexibility and increases reliance on external financing while the company pursues growth.
Going Concern And Leadership Transition RiskThe going-concern qualification highlights dependence on additional financing or operational improvement. Simultaneous senior leadership changes place execution and financial stewardship in transition as OPT attempts to convert its pipeline, increasing near-term organizational risk.
Ocean Power Technologies News
OPTT FAQ
What was Ocean Power Technologies’s price range in the past 12 months?
Ocean Power Technologies lowest stock price was $0.54 and its highest was $21.62 in the past 12 months.
What is Ocean Power Technologies’s market cap?
Ocean Power Technologies’s market cap is $5.24M.
When is Ocean Power Technologies’s upcoming earnings report date?
Ocean Power Technologies’s upcoming earnings report date is Dec 16, 2026 which is in 56 days.
How were Ocean Power Technologies’s earnings last quarter?
Ocean Power Technologies released its earnings results on Sep 14, 2026. The company reported -$1.28 earnings per share for the quarter, missing the consensus estimate of -$0.9 by -$0.38.
Is Ocean Power Technologies overvalued?
According to Wall Street analysts Ocean Power Technologies’s price is currently Undervalued.
Does Ocean Power Technologies pay dividends?
Ocean Power Technologies does not currently pay dividends.
What is Ocean Power Technologies’s EPS estimate?
Ocean Power Technologies’s EPS estimate is -0.9.
How many shares outstanding does Ocean Power Technologies have?
Ocean Power Technologies has 9,094,159 shares outstanding.
What happened to Ocean Power Technologies’s price movement after its last earnings report?
Ocean Power Technologies reported an EPS of -$1.28 in its last earnings report, missing expectations of -$0.9. Following the earnings report the stock price went down -24.908%.
Which hedge fund is a major shareholder of Ocean Power Technologies?
Currently, no hedge funds are holding shares in OPTT
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Company Description
Ocean Power Technologies
Ocean Power Technologies, Inc. (OPTT) is a company dedicated to creating and deploying exclusive technologies that convert the sustainable power of ocean waves into electricity. The firm operates globally, with a presence in North America, South America, Europe, and Asia. A primary offering is their PB3 PowerBuoy system, engineered to provide autonomous power generation for remote offshore locations, independent of traditional electrical grids. Beyond this, OPTT's product line includes hybrid PowerBuoy solutions and subsea battery systems. They also furnish essential supporting services such as software development, control systems, sensor integration, and expert marine installation. The company extends its capabilities to deliver distributed offshore power and critical communication infrastructure for diverse remote surface and subsea applications. These solutions cater to key sectors including defense and security, the offshore oil and gas industry, scientific research, and offshore wind energy. Furthermore, OPTT offers its Wave Adaptive Modular Vessel (WAM-V) technology, which significantly enhances the mobility and operational range of uncrewed maritime systems. This includes leasing WAM-V robotics and providing access to associated information. Their expertise also covers maritime domain awareness solutions and strategic consulting. Finally, the company provides a comprehensive suite of offshore data services, encompassing collection, integration, analysis, and real-time communication for various purposes. OPTT primarily serves a diverse client base of both governmental agencies and private organizations that require dependable power solutions in distant marine environments. Established in 1984, Ocean Power Technologies, Inc. is headquartered in Monroe Township, New Jersey.
OPTT Earnings Call
Q4 2026
0:00 / 0:00
Earnings Call Sentiment|Neutral
The call presented a mixed picture: meaningful operational and strategic progress (record backlog up 58%, a strong $142.3M pipeline, the company’s largest deployment and recurring-revenue contract, a strategic subsea acquisition, and leadership additions) provide optimism about future revenue conversion and market positioning. However, FY2026 financials revealed significant near-term challenges — revenue declined ~30.5%, a gross loss of $8.1M versus prior-year gross profit, operating expenses rose ~36% (including $9.5M in stock-based compensation), net loss more than doubled to $43.7M, and operating cash burn increased. Management linked poor year-over-year revenue to timing of deployments and intentional lower-margin contracts to build customer relationships. Given the substantial strategic wins balanced against sizable losses and cash burn, the overall tone is balanced with cautious optimism contingent on execution in fiscal 2027.View all OPTT earnings summariesOPTT Stock 12 Month Forecast
Average Price Target
$45.00
▲(23584.21% Upside)
Technical Analysis
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Ownership Overview
3.69% Insiders
3.92% Mutual Funds
2.06% Other Institutional Investors
87.10% Public Companies and
Individual Investors