Ocean Power Technologies (OPTT)
:OPTT
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OPTT Stock Chart & Stats
$0.38
-$0.25(-17.73%)
At close: 4:00 PM EST
$0.38
-$0.25(-17.73%)
Day’s Range― - ―
52-Week Range$0.26 - $0.90
Previous CloseN/A
Volume21.30M
Average Volume (3M)7.51M
Market Cap
$70.55M
Enterprise Value$52.48M
Total Cash (Recent Filing)$7.06M
Total Debt (Recent Filing)$8.55M
Price to Earnings (P/E)―
Beta2.87
Next Earnings
Jul 15, 2026EPS Estimate
-0.04Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.19
Shares Outstanding255,166,820
10 Day Avg. Volume10,365,964
30 Day Avg. Volume7,507,691
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)1.94
Price to Sales (P/S)8.83
P/FCF Ratio-2.70
Enterprise Value/Market Cap0.74
Enterprise Value/Revenue15.27
Enterprise Value/Gross Profit-27.09
Enterprise Value/Ebitda-1.61
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.12
Revenue Forecast (FY)$18.45M
Bulls Say, Bears Say
Bulls Say
Large Backlog & Expanding PipelineA materially larger backlog and pipeline provide meaningful revenue visibility and multi-quarter conversion optionality. Contracted work and sizable opportunities across defense, government and commercial markets improve the odds of steady project flow and scale economies as deliveries ramp.
Defense Contracts And DHS DeploymentWinning and shipping government awards validates product-market fit for national security use cases and opens repeatable procurement channels. Defense customers typically offer longer program lives, integration stickiness and aftermarket service prospects that support recurring revenue potential.
Autonomy Progress & Strategic IntegrationsMoving from prototype to full-scale autonomous docking and partner integrations enhances the platform's operational endurance and systems defensibility. These capabilities broaden addressable markets (persistent monitoring, multi-vehicle ops) and increase barriers to entry for competitors.
Bears Say
Negative Gross Profit And Large LossesPersistently negative gross margins and outsized operating losses indicate project-level cost issues and lack of operating leverage. Until gross profitability is restored, scaling revenue will not translate into sustainable earnings, limiting free cash flow and shareholder returns.
Sustained Operating Cash BurnConsistent cash burn with limited cash reserves constrains runway and forces prioritization between growth and liquidity. Execution on backlog and pipeline requires capital; ongoing negative cash conversion risks operational delays or dilutive financing if project receipts lag expectations.
Recent Senior Convertible Financing Adds RiskThe senior convertible structure provides near-term liquidity but brings scheduled cash obligations, elevated default interest, and potential equity dilution on conversion. Senior ranking reduces capital flexibility and increases financing-related risk for executing multi‑vehicle programs.
Ocean Power Technologies News
OPTT FAQ
What was Ocean Power Technologies’s price range in the past 12 months?
Ocean Power Technologies lowest stock price was $0.26 and its highest was $0.90 in the past 12 months.
What is Ocean Power Technologies’s market cap?
Ocean Power Technologies’s market cap is $70.55M.
When is Ocean Power Technologies’s upcoming earnings report date?
Ocean Power Technologies’s upcoming earnings report date is Jul 15, 2026 which is in 20 days.
How were Ocean Power Technologies’s earnings last quarter?
Ocean Power Technologies released its earnings results on Mar 17, 2026. The company reported -$0.06 earnings per share for the quarter, missing the consensus estimate of -$0.045 by -$0.015.
Is Ocean Power Technologies overvalued?
According to Wall Street analysts Ocean Power Technologies’s price is currently Overvalued.
Does Ocean Power Technologies pay dividends?
Ocean Power Technologies does not currently pay dividends.
What is Ocean Power Technologies’s EPS estimate?
Ocean Power Technologies’s EPS estimate is -0.04.
How many shares outstanding does Ocean Power Technologies have?
Ocean Power Technologies has 255,166,820 shares outstanding.
What happened to Ocean Power Technologies’s price movement after its last earnings report?
Ocean Power Technologies reported an EPS of -$0.06 in its last earnings report, missing expectations of -$0.045. Following the earnings report the stock price went down -9.231%.
Which hedge fund is a major shareholder of Ocean Power Technologies?
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
Underperform
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10
Crowd Wisdom
Neutral
Last 7 Days ▼ 1.0%
Last 30 Days ▲ 1.5%
Last 30 Days ▲ 1.5%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
243.12%
12-Months-Change
Fundamentals
Return on Equity
-154.48%
Trailing 12-Months
Asset Growth
19.57%
Trailing 12-Months
Company Description
Ocean Power Technologies
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
Q3 2026
0:00 / 0:00
Earnings Call Sentiment|Neutral
The call conveys strong commercial and programmatic momentum—large, rapidly growing backlog and pipeline, strategic government awards (including a $6.5M DHS contract), international deployments, and progress on autonomous docking and integrations that validate product-market fit in defense and maritime autonomy. Offsetting these positives are material near-term financial headwinds: revenue declined year-over-year due largely to timing from a government shutdown, gross profit turned negative because of one-time contract losses, operating expenses and stock-based compensation rose, net losses widened significantly, and operating cash burn increased while cash on hand remains modest. Management expects many timing-related items to convert later in the year and positions current investments as necessary to capture pipeline opportunities.View all OPTT earnings summariesTechnical Analysis
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Ownership Overview
3.91% Insiders
4.15% Mutual Funds
0.94% Other Institutional Investors
87.72% Public Companies and
Individual Investors