tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Ocean Power Technologies Announces Product Upgrade

Story Highlights
Ocean Power Technologies Announces Product Upgrade

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Ocean Power Technologies ( (OPTT) ) has provided an announcement.

On August 14, 2025, Ocean Power Technologies participated in a joint hearing of the New Jersey Legislature to discuss the potential of marine energy. CEO Philipp Stratmann emphasized New Jersey’s potential to lead the U.S. marine energy sector, highlighting OPT’s PowerBuoy® systems and recent successful deployment of an AI-capable Merrows™ PowerBuoy® for the Naval Postgraduate School. He urged lawmakers to support industry collaboration and testing to position New Jersey as a hub for marine energy innovation. Additionally, on August 18, 2025, OPT announced the opening of a new office in Washington, D.C., and on August 19, 2025, they announced an upgrade to one of their products.

The most recent analyst rating on (OPTT) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on Ocean Power Technologies stock, see the OPTT Stock Forecast page.

Spark’s Take on OPTT Stock

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

Ocean Power Technologies faces significant financial challenges with poor profitability and cash flow metrics, which heavily impact its overall score. However, technical indicators suggest some potential for short-term improvement, and recent corporate events provide a positive outlook for future operational and financial stability.

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

More about Ocean Power Technologies

Ocean Power Technologies (OPT) is a leader in innovative, low-carbon offshore power, data, and service solutions. The company provides intelligent maritime solutions for the defense and security, oil and gas, science and research, and offshore wind markets. Its products include the Merrows™ AI-capable system, PowerBuoy® platforms for clean energy and data communications, and WAM-V® autonomous surface vessels.

Average Trading Volume: 5,202,620

Technical Sentiment Signal: Buy

Current Market Cap: $88.44M

Find detailed analytics on OPTT stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1