Ocean Power Technologies Secures $25M Convertible Notes Deal

An update from Ocean Power Technologies ( (OPTT) ) is now available.

On May 15, 2025, Ocean Power Technologies entered into a securities purchase agreement with institutional investors to issue and sell convertible notes worth up to $25 million, with an initial sale of $10 million. This agreement allows the company to raise capital through public offerings, potentially impacting its financial stability and market position by providing additional funding for its operations and growth initiatives.

Spark’s Take on OPTT Stock

According to Spark, TipRanks’ AI Analyst, OPTT is a Neutral.

Ocean Power Technologies shows some revenue growth and has no debt, which are positive signs. However, substantial profitability issues and negative cash flows overshadow these strengths. Technical indicators provide mixed signals, and the negative P/E ratio reflects financial instability, resulting in a lower overall score.

To see Spark’s full report on OPTT stock, click here.

More about Ocean Power Technologies

Ocean Power Technologies, Inc. operates within the renewable energy industry, focusing on the development and commercialization of systems that generate electricity from ocean waves. The company primarily offers wave energy conversion products and services, targeting markets that require reliable and sustainable energy solutions.

Average Trading Volume: 4,722,089

Technical Sentiment Signal: Buy

Current Market Cap: $94.63M

For an in-depth examination of OPTT stock, go to TipRanks’ Stock Analysis page.