Ocean Power Technologies Appoints New Senior VP for Sales

The latest update is out from Ocean Power Technologies ( (OPTT) ).

Ocean Power Technologies announced the resignation of Chief Commercial Officer Matthew Burdyny, effective June 13, 2025, and the subsequent hiring of Jason Weed as Senior Vice President – Commercial Sales. Weed, a retired U.S. Navy Captain with extensive experience in maritime operations, is expected to bolster OPT’s strategic objectives in the defense and security market. The company also amended its Employment Inducement Incentive Award Plan to increase available shares for equity awards, reflecting its commitment to attracting top talent.

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. (OPT) is a leader in providing intelligent maritime solutions and services that enhance ocean operations across various sectors, including defense and security, oil and gas, science and research, and offshore wind markets. Their offerings include AI-integrated Maritime Domain Awareness Systems, PowerBuoy® platforms for clean energy and data communications, and autonomous surface vessels and marine robotics services.

Average Trading Volume: 4,351,194

Technical Sentiment Signal: Hold

Current Market Cap: $84.13M

For a thorough assessment of OPTT stock, go to TipRanks’ Stock Analysis page.