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OPTT Stock Chart & Stats
$0.15
>-$0.01(-4.00%)
At close: 4:00 PM EDT
$0.15
>-$0.01(-4.00%)
Day’s Range― - ―
52-Week Range$0.13 - $0.72
Previous Close$0.14
Volume5.81M
Average Volume (3M)4.06M
Market Cap
$46.91M
Enterprise Value$84.93
Total Cash (Recent Filing)$8.72M
Total Debt (Recent Filing)$11.26M
Price to Earnings (P/E)―
Beta2.72
Next Earnings
Sep 14, 2026EPS Estimate
-0.03Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.19
Shares Outstanding259,153,960
10 Day Avg. Volume5,449,159
30 Day Avg. Volume4,060,655
Financial Highlights & Ratios
PEG Ratio-0.16
Price to Book (P/B)65.65
Price to Sales (P/S)172.27
P/FCF Ratio-26.28
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit>-0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$1.50Price Target Upside900.00% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.11
Revenue Forecast (FY)$22.07M
Bulls Say, Bears Say
Bulls Say
Record Backlog & PipelineA materially larger backlog and a $142M qualified pipeline give durable revenue visibility versus typical early-stage project firms. With roughly half defense and half commercial opportunities, the mix can reduce single-market cyclicality and supports multi-quarter revenue conversion if execution converts awards into active deployments.
Subsea Capability AcquisitionAdding seabed power and engineering IP expands the company from surface-only to surface+subsea solutions, broadening addressable markets (defense, offshore energy) and differentiating its platform. Strategically, this raises the potential for higher-value integrated contracts and deeper customer tie-ins over multiple years.
Operational Deployments & Manufacturing FlexibilityHaving multiple deployed systems, repeatable manufacturing capacity and long buoy life supports development of a recurring-services business. Redeployable long-life assets and predictable manufacturing create structural upside for service revenue, spare-parts, and longer-term fleet economics if utilization and maintenance margins improve.
Bears Say
Severe Margin CollapseA swing to a large gross loss indicates structural project-margin and cost-recognition issues. Persistent negative gross margins undermine scalable profitability even if revenues grow, making margin recovery essential for any durable path to positive operating cash flow and long-term viability.
Heavy Cash BurnSustained multi‑year negative operating and free cash flow creates dependency on external funding and constrains reinvestment. Absent consistent conversion of backlog to profitable revenue, cash erosion will pressure growth options, increase dilution risk, and limit ability to fund installations or support large defense programs.
Balance-sheet Erosion & Higher LeverageMaterial equity erosion and rising leverage reduce financial flexibility and increase funding cost risk for multi-year projects. A weakened balance sheet can limit bidding capacity on large contracts, raise counterparty concerns, and leave the firm reliant on dilutive equity raises or costly debt to support operations.
Ocean Power Technologies News
OPTT FAQ
What was Ocean Power’s price range in the past 12 months?
Ocean Power lowest stock price was $0.13 and its highest was $0.72 in the past 12 months.
What is Ocean Power’s market cap?
Ocean Power’s market cap is $46.91M.
When is Ocean Power’s upcoming earnings report date?
Ocean Power’s upcoming earnings report date is Sep 14, 2026 which is in 38 days.
How were Ocean Power’s earnings last quarter?
Ocean Power released its earnings results on Jul 23, 2026. The company reported -$0.045 earnings per share for the quarter, missing the consensus estimate of -$0.035 by -$0.01.
Is Ocean Power overvalued?
According to Wall Street analysts Ocean Power’s price is currently Undervalued.
Does Ocean Power pay dividends?
Ocean Power does not currently pay dividends.
What is Ocean Power’s EPS estimate?
Ocean Power’s EPS estimate is -0.03.
How many shares outstanding does Ocean Power have?
Ocean Power has 259,153,960 shares outstanding.
What happened to Ocean Power’s price movement after its last earnings report?
Ocean Power reported an EPS of -$0.045 in its last earnings report, missing expectations of -$0.035. Following the earnings report the stock price went down -18.033%.
Which hedge fund is a major shareholder of Ocean Power?
Currently, no hedge funds are holding shares in OPTT
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Ocean Power Technologies Stock Smart Score
Neutral
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10
Analyst Consensus
Moderate Buy
Average Price Target:
$1.50 (900.00% Upside)
$1.50 (900.00% Upside)
Blogger Sentiment
Bearish
OPTT Sentiment 100%
Sector Average ―
Sector Average ―
Crowd Wisdom
Neutral
Last 7 Days ▲ 0.8%
Last 30 Days ▼ 1.1%
Last 30 Days ▼ 1.1%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-80.10%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
34.04%
Trailing 12-Months
Company Description
Ocean Power
Ocean Power Technologies, Inc. (OPTT) is a company dedicated to creating and deploying exclusive technologies that convert the sustainable power of ocean waves into electricity. The firm operates globally, with a presence in North America, South America, Europe, and Asia. A primary offering is their PB3 PowerBuoy system, engineered to provide autonomous power generation for remote offshore locations, independent of traditional electrical grids. Beyond this, OPTT's product line includes hybrid PowerBuoy solutions and subsea battery systems. They also furnish essential supporting services such as software development, control systems, sensor integration, and expert marine installation. The company extends its capabilities to deliver distributed offshore power and critical communication infrastructure for diverse remote surface and subsea applications. These solutions cater to key sectors including defense and security, the offshore oil and gas industry, scientific research, and offshore wind energy. Furthermore, OPTT offers its Wave Adaptive Modular Vessel (WAM-V) technology, which significantly enhances the mobility and operational range of uncrewed maritime systems. This includes leasing WAM-V robotics and providing access to associated information. Their expertise also covers maritime domain awareness solutions and strategic consulting. Finally, the company provides a comprehensive suite of offshore data services, encompassing collection, integration, analysis, and real-time communication for various purposes. OPTT primarily serves a diverse client base of both governmental agencies and private organizations that require dependable power solutions in distant marine environments. Established in 1984, Ocean Power Technologies, Inc. is headquartered in Monroe Township, New Jersey.
OPTT Earnings Call
Q4 2026
0:00 / 0:00
Earnings Call Sentiment|Neutral
The call presented a mixed picture: meaningful operational and strategic progress (record backlog up 58%, a strong $142.3M pipeline, the company’s largest deployment and recurring-revenue contract, a strategic subsea acquisition, and leadership additions) provide optimism about future revenue conversion and market positioning. However, FY2026 financials revealed significant near-term challenges — revenue declined ~30.5%, a gross loss of $8.1M versus prior-year gross profit, operating expenses rose ~36% (including $9.5M in stock-based compensation), net loss more than doubled to $43.7M, and operating cash burn increased. Management linked poor year-over-year revenue to timing of deployments and intentional lower-margin contracts to build customer relationships. Given the substantial strategic wins balanced against sizable losses and cash burn, the overall tone is balanced with cautious optimism contingent on execution in fiscal 2027.View all OPTT earnings summariesOPTT Stock 12 Month Forecast
Average Price Target
$1.50
▲(900.00% Upside)
Technical Analysis
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Ownership Overview
3.85% Insiders
4.09% Mutual Funds
0.87% Other Institutional Investors
87.83% Public Companies and
Individual Investors