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The latest announcement is out from Ocean Power Technologies ( (OPTT) ).
On August 8, 2025, Ocean Power Technologies entered into a sales agreement with Ladenburg Thalmann & Co. Inc. to offer and sell shares of its common stock, with a potential aggregate offering price of up to $40 million. This agreement marks a strategic move following the termination of a previous agreement with A.G.P/Alliance Global Partners, under which the company had sold shares worth approximately $18 million. The new agreement allows for flexibility in selling shares and aims to support the company’s capital raising needs, with Ladenburg acting as the sales agent.
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 renewable energy industry, focusing on harnessing ocean wave energy to provide sustainable power solutions.
Average Trading Volume: 5,312,134
Technical Sentiment Signal: Hold
Current Market Cap: $91.45M
Learn more about OPTT stock on TipRanks’ Stock Analysis page.