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An announcement from Ocean Power Technologies ( (OPTT) ) is now available.
On August 26, 2025, Ocean Power Technologies announced an expanded partnership with Unique Group through a Master Services Agreement, enhancing their growth strategy in the United Arab Emirates. This agreement positions Unique Group as the execution partner for OPT’s non-defense USV projects in the UAE, facilitating accelerated deployments and revenue growth. The partnership includes leasing an OPT WAM-V 22 vehicle and establishing a Maintenance, Repair, and Overhaul hub in the UAE, aiming to enhance service responsiveness and support regional operations.
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 providing intelligent maritime solutions and services, focusing on safer, cleaner, and more productive ocean operations. The company operates in markets such as defense and security, oil and gas, science and research, and offshore wind. OPT’s offerings include the Merrows AI-capable system for maritime domain awareness, PowerBuoy platforms for clean electric power and data communications, and WAM-V autonomous surface vessels. The company is headquartered in Monroe Township, New Jersey, with an additional office in Richmond, California.
Average Trading Volume: 5,144,538
Technical Sentiment Signal: Buy
Current Market Cap: $93.25M
See more insights into OPTT stock on TipRanks’ Stock Analysis page.