Ocean Power Technologies (OPTT)
:OPTT
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$0.29 - $0.90
Previous CloseN/A
Volume21.30M
Average Volume (3M)7.51M
Market Cap
$82.32M
Enterprise Value$70.22M
Total Cash (Recent Filing)$7.06M
Total Debt (Recent Filing)$8.55M
Price to Earnings (P/E)―
Beta2.91
Next Earnings
Jul 15, 2026EPS Estimate
-0.04Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.06
Shares Outstanding228,023,440
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 Cap0.85
Enterprise Value/Revenue20.44
Enterprise Value/Gross Profit-36.25
Enterprise Value/Ebitda-2.10
Forecast
1Y Price Target
$1.50Price Target Upside294.74% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.18
Revenue Forecast (FY)$8.02M
Bulls Say, Bears Say
Bulls Say
Growing Backlog & PipelineA record $19.9M backlog and a $163.9M pipeline (up 84% YoY) give multi-quarter contracted demand visibility across defense, government and commercial markets. That contracted workload supports predictable revenue conversion, enables production planning, and can drive margin improvement as fixed costs spread with larger deployments.
Defense Contract Wins & First DHS ShipmentShipping the first DHS PowerBuoy and integrating with partners like Anduril shows transition from development to operational deployment in U.S. federal missions. Operational deployments create strong referenceability, validate systems in mission environments, and support recurring contractor-operated revenue profiles over time.
Senior Notes Financing Extends RunwayThe $10M senior convertible notes provide near-term capital to fund backlog fulfillment, prebuild inventory and sustain operations while programs convert. As senior financing it limits immediate equity dilution and materially increases ability to execute on contracts and autonomy development before needing additional dilutive raises.
Bears Say
Negative Gross Profit & Large LossesA negative TTM gross profit signals structural issues in cost of delivery, pricing or scale economics. With operating losses large relative to a small revenue base, the company must materially improve gross margins or achieve significant scale to reach sustainable profitability. This is a lasting constraint until solved.
Persistent Cash Burn And Weak Cash GenerationOperating and free cash flow have been negative across reporting periods and free cash flow tracks net loss roughly 1x, meaning losses drive real cash outflows. Combined cash of ~$7.2M versus YTD net cash used in operations of ~$19.9M implies limited runway without further financing, constraining investment and scaling.
Revenue Decline & Timing RiskMaterial year-over-year revenue declines and management attribution to federal shutdown timing expose dependence on milestone-driven government work. That creates durable timing and execution risk: contract delivery shifts can materially move revenue recognition and delay margin benefits from larger programs until schedules normalize.
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 $0.29 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 $82.32M.
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 92 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 Undervalued.
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 228,023,440 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
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$1.50 (294.74% Upside)
$1.50 (294.74% Upside)
Crowd Wisdom
Very Negative
Last 7 Days ▼ 4.7%
Last 30 Days ▼ 7.8%
Last 30 Days ▼ 7.8%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
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. develops and commercializes proprietary systems that generate electricity by harnessing the renewable energy of ocean waves in North America, South America, Europe, and Asia. It offers PB3 PowerBuoy system that generates power for use independent of the power grid in offshore locations. The company also provides hybrid PowerBuoy products; subsea battery systems; and software, controls, sensors, integration services, and marine installation services. In addition, it offers distributed offshore power and communications for remote surface and subsea applications in markets, such as defense and security, offshore oil and gas, science and research, and offshore wind. Further, the company provides Wave Adaptive Modular Vessel (WAM-V) technology, which enables roaming capabilities for uncrewed maritime systems in waters; leases WAM-V robotics and access information; maritime domain awareness solutions; and strategic consulting services. Additionally, it offers offshore data collection, integration, analytics, and real time communication for various applications. The company serves public and private entities, and agencies that require remote offshore power. Ocean Power Technologies, Inc. was incorporated in 1984 and 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 summariesOPTT Stock 12 Month Forecast
Average Price Target
$1.50
▲(294.74% Upside)
Technical Analysis
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Ownership Overview
5.12% Insiders
3.81% Mutual Funds
0.43% Other Institutional Investors
87.74% Public Companies and Individual Investors