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Ocean Power Technologies ( (OPTT) ) just unveiled an update.
At the January 27, 2026 virtual annual meeting, shareholders re-elected all five director nominees, expanded the 2015 Omnibus Incentive Plan share pool with added flexibility on grant limits and tax withholding, and approved increasing authorized common shares to 400 million, reinforcing governance continuity and capital-raising capacity; they also ratified Baker Tilly US as auditor for fiscal 2026 and backed executive pay, signaling investor alignment with management’s strategic roadmap.
The most recent analyst rating on (OPTT) stock is a Hold with a $0.71 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.
The score is held down primarily by weak financial performance (declining revenue, persistent losses, and negative operating cash flow). Technicals are a clear near-term positive with price well above major moving averages and positive MACD, while earnings commentary and recent contract/news flow provide some support but are not yet reflected in reported revenue. Valuation remains unattractive due to ongoing losses (negative P/E) and no dividend support.
To see Spark’s full report on OPTT stock, click here.
More about Ocean Power Technologies
Ocean Power Technologies operates in the marine energy and offshore services sector, developing wave- and power-buoy-based systems and related autonomous maritime technologies for defense, offshore energy, and data-focused customers.
Average Trading Volume: 11,764,006
Technical Sentiment Signal: Buy
Current Market Cap: $110.6M
For an in-depth examination of OPTT stock, go to TipRanks’ Overview page.