Ocean Power Technologies (OPTT) AI Stock Analysis

• Market Cap: $100.68M
• Dividend Yield: N/A
• Average Volume (3M): 4.33M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.29
• Revenue Growth: 3.37%
• EPS Growth: 59.52%
• Country: US
• Employees: 43
• Sector: Industrials
• Sector Strength: 72
• Industry: Electrical Equipment & Parts
• EPS (TTM): -0.04
• Shares Outstanding: 183,014,500
• 10 Day Avg. Volume: 6,264,793
• 30 Day Avg. Volume: 4,334,966
• PEG Ratio: 0.04
• Price to Book (P/B): 1.94
• Price to Sales (P/S): 8.83
• P/FCF Ratio: -2.70
• Enterprise Value/Market Cap: 0.91
• Enterprise Value/Revenue: 15.91
• Enterprise Value/Gross Profit: 76.78
• Enterprise Value/Ebitda: -3.69
• 1Y Price Target: $0.50
• Price Target Upside: -9.09% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 42 Neutral
• Price Target: $0.50 ▼(-9.09% Downside)

The overall stock score is primarily impacted by the company's weak financial performance and unattractive valuation. Technical analysis provides a neutral outlook, but the lack of earnings call data and corporate events means these factors do not influence the score. The company's financial challenges and negative profitability are the most significant concerns.

Ocean Power Technologies Business Overview & Revenue Model

Company Description

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.

How the Company Makes Money

Ocean Power Technologies generates revenue primarily through the sale and leasing of its PowerBuoy systems, which are deployed in offshore environments to produce renewable energy. The company also earns income from providing engineering consulting services, maintenance, and support for its energy systems. Additionally, OPTT may engage in strategic partnerships and collaborations with governmental agencies, research institutions, and private sector companies to enhance its technological capabilities and expand its market reach, which can also contribute to its revenue. Furthermore, OPTT may receive government grants or subsidies aimed at promoting renewable energy technologies, which can be a supplemental source of income.

Ocean Power Technologies Financial Statement Overview

Summary

Ocean Power Technologies demonstrates revenue growth but suffers from significant profitability and cash flow challenges. The company has a strong equity position with no debt, yet persistent negative cash flows and profitability metrics raise concerns about its financial sustainability.

Income Statement

Ocean Power Technologies shows considerable revenue growth, with TTM revenue at $6.12 million, up from $5.53 million in the previous year. However, the company faces significant profitability challenges. The net profit margin is deeply negative due to substantial net losses, and EBIT and EBITDA margins are also negative, indicating operational inefficiencies.

Balance Sheet

The balance sheet highlights strong equity levels with a total equity of $28.91 million against no debt, suggesting potential stability. However, the equity ratio has decreased over time, and the return on equity is negative due to ongoing losses, which is concerning for financial sustainability.

Cash Flow

Cash flow analysis reveals negative free cash flow growth, with TTM free cash flow at -$21.39 million. The operating cash flow to net income ratio is negative, reflecting cash outflows from operations. Despite significant financing inflows, cash flow sustainability remains a concern.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	5.74M	5.86M	5.53M	2.73M	1.76M	1.21M
Gross Profit	1.19M	1.66M	2.83M	236.00K	-101.00K	-1.07M
EBITDA	-24.77M	-20.79M	-28.24M	-27.76M	-21.10M	-13.44M
Net Income	-24.45M	-21.51M	-27.48M	-26.33M	-18.87M	-15.85M
Balance Sheet
Total Assets	36.62M	30.79M	28.70M	53.37M	73.39M	86.38M
Cash, Cash Equivalents and Short-Term Investments	9.86M	6.71M	3.15M	34.67M	57.27M	83.03M
Total Debt	7.11M	1.80M	2.57M	1.84M	857.00K	2.06M
Total Liabilities	12.43M	4.14M	9.36M	9.42M	4.56M	5.91M
Stockholders Equity	24.19M	26.65M	19.34M	43.95M	68.83M	80.47M
Cash Flow
Free Cash Flow	-19.70M	-19.14M	-32.35M	-22.73M	-21.44M	-11.70M
Operating Cash Flow	-18.11M	-18.63M	-29.76M	-21.71M	-21.30M	-11.67M
Investing Cash Flow	-1.58M	-505.00K	25.50M	20.46M	-54.03M	74.00K
Financing Cash Flow	26.38M	22.70M	469.00K	-14.00K	87.00K	84.17M

Ocean Power Technologies Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.55
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For OPTT, the sentiment is Positive. The current price of 0.55 is above the 20-day moving average (MA) of 0.52, below the 50-day MA of 0.55, and below the 200-day MA of 0.56, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 54.91 is Neutral, neither overbought nor oversold. The STOCH value of 38.20 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for OPTT.

Ocean Power Technologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EOSE	56 Neutral	2.97B	-2.04	77.98%	―	128.49%	-697.81%
FCEL	47 Neutral	280.00M	-0.94	-36.15%	―	78.82%	-20.81%
ADSE	45 Neutral	561.02M	-7.35	228.83%	―	-69.30%	9.90%
GWH	43 Neutral	23.57M	-0.26	-2271.61%	―	-16.98%	2.43%
OPTT	42 Neutral	$100.68M	―	-105.15%	―	3.37%	59.52%
TE	40 Underperform	370.96M	-0.71	―	―	―	-385.19%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

Ocean Power Technologies Corporate Events

Ocean Power Technologies Announces Q1 Fiscal 2026 Growth

On September 15, 2025, Ocean Power Technologies announced significant growth in its first quarter fiscal 2026 results, with a 184% increase in backlog and a 45% increase in pipeline. Despite a slight revenue decrease, the company expanded its partnership with UAE-based Unique Group and unveiled an upgrade to its AI-enabled Merrows™ Maritime Domain Awareness Solution, enhancing its market position in maritime security and intelligence. The company also opened a new office in Washington, D.C., to strengthen its presence in the uncrewed systems market and influence policy in the marine energy sector.

The most recent analyst rating on (OPTT) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on Ocean Power Technologies stock, see the OPTT Stock Forecast page.

Ocean Power Technologies Ships Unmanned Vehicles to UAE

On September 2, 2025, Ocean Power Technologies announced the shipment of two WAM-V® Unmanned Surface Vehicles to the UAE-based Remah International Group, which focuses on military services. This move is part of OPT’s strategy to expand its presence in the Middle East, with plans to establish a sales and operations office and make strategic hires in the region. The shipment is expected to enhance OPT’s market positioning by showcasing their expeditionary capabilities and autonomous ocean operations, potentially accelerating demand and strengthening partnerships in the region.

The most recent analyst rating on (OPTT) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on Ocean Power Technologies stock, see the OPTT Stock Forecast page.

Ocean Power Technologies Expands UAE Partnership

On August 26, 2025, Ocean Power Technologies announced an expanded partnership with Unique Group through a Master Services Agreement, enhancing their growth strategy in the United Arab Emirates. This agreement positions Unique Group as the execution partner for OPT’s non-defense USV projects in the UAE, facilitating accelerated deployments and revenue growth. The partnership includes leasing an OPT WAM-V 22 vehicle and establishing a Maintenance, Repair, and Overhaul hub in the UAE, aiming to enhance service responsiveness and support regional operations.

The most recent analyst rating on (OPTT) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on Ocean Power Technologies stock, see the OPTT Stock Forecast page.

Ocean Power Technologies Announces Product Upgrade

On August 14, 2025, Ocean Power Technologies participated in a joint hearing of the New Jersey Legislature to discuss the potential of marine energy. CEO Philipp Stratmann emphasized New Jersey’s potential to lead the U.S. marine energy sector, highlighting OPT’s PowerBuoy® systems and recent successful deployment of an AI-capable Merrows™ PowerBuoy® for the Naval Postgraduate School. He urged lawmakers to support industry collaboration and testing to position New Jersey as a hub for marine energy innovation. Additionally, on August 18, 2025, OPT announced the opening of a new office in Washington, D.C., and on August 19, 2025, they announced an upgrade to one of their products.

The most recent analyst rating on (OPTT) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on Ocean Power Technologies stock, see the OPTT Stock Forecast page.