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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.