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Ocean Power Technologies ( (OPTT) ) has shared an update.
On September 15, 2025, Ocean Power Technologies announced significant growth in its first quarter fiscal 2026 results, with a 184% increase in backlog and a 45% increase in pipeline. Despite a slight revenue decrease, the company expanded its partnership with UAE-based Unique Group and unveiled an upgrade to its AI-enabled Merrows™ Maritime Domain Awareness Solution, enhancing its market position in maritime security and intelligence. The company also opened a new office in Washington, D.C., to strengthen its presence in the uncrewed systems market and influence policy in the marine energy sector.
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, Inc. provides intelligent maritime solutions and services for the defense and security, oil and gas, science and research, and offshore wind markets. Their PowerBuoy® platforms offer clean and reliable electric power and real-time data communications for remote maritime and subsea applications. The company also provides WAM-V® autonomous surface vessels and marine robotics services, with headquarters in Monroe Township, New Jersey, and an additional office in Richmond, California.
Average Trading Volume: 5,442,773
Technical Sentiment Signal: Buy
Current Market Cap: $99.28M
For detailed information about OPTT stock, go to TipRanks’ Stock Analysis page.