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An update from Ocean Power Technologies ( (OPTT) ) is now available.
On July 24, 2025, Ocean Power Technologies announced its fiscal 2025 results, revealing significant growth with a 158% increase in backlog and an 88% increase in pipeline. The company reported a 6% revenue increase to $5.9 million and a reduction in operating expenses by 28%. Strategic partnerships and international deployments have expanded OPT’s presence in Latin America and the Middle East, enhancing its market positioning. The company also achieved ISO 9001 certification and a U.S. Department of Defense Facility Security Clearance, bolstering its eligibility for future defense contracts.
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. operates in the marine technology industry, specializing in autonomous maritime systems. The company offers products such as the AI-enabled Merrows™ PowerBuoy® and WAM-V® Unmanned Surface Vehicles, focusing on defense, security, and commercial applications globally.
Average Trading Volume: 5,070,285
Technical Sentiment Signal: Buy
Current Market Cap: $130.4M
For an in-depth examination of OPTT stock, go to TipRanks’ Overview page.