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Ocean Power Technologies ( (OPTT) ) just unveiled an announcement.
On August 5, 2025, Ocean Power Technologies (OPT) and Greensea IQ announced a strategic collaboration to integrate Greensea IQ’s EverClean robotic hull grooming system with OPT’s WAM-V® Unmanned Surface Vehicle platform. This partnership aims to create a fully autonomous system for hull maintenance, enhancing efficiency and environmental responsibility in maritime operations. The collaboration will initially focus on design, integration, and prototype testing, targeting commercial deployment in sectors like maritime, energy, defense, and scientific research. This initiative highlights the increasing demand for sustainable, autonomous technologies in maritime operations, potentially benefiting stakeholders by reducing fuel costs, improving vessel performance, and eliminating the need for toxic coatings.
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) provides intelligent maritime solutions and services aimed at enhancing safety, cleanliness, and productivity in ocean operations. The company serves various markets, including defense and security, oil and gas, science and research, and offshore wind. Their offerings include the Merrows™ system for maritime domain awareness, PowerBuoy® platforms for electric power and data communications, and WAM-V® unmanned surface vehicles. OPT is headquartered in Monroe Township, New Jersey, with an additional office in Richmond, California.
Average Trading Volume: 5,502,305
Technical Sentiment Signal: Hold
Current Market Cap: $92.75M
For detailed information about OPTT stock, go to TipRanks’ Stock Analysis page.