Ocean Power TechnologiesOPTT
OPTT
About: Ocean Power Technologies Inc provides intelligent maritime solutions and services that enable safer, cleaner, and more productive ocean operations for the defense and security, oil and gas, science and research, and offshore wind markets. It provides ocean data collection and reporting, marine power, offshore communications, and Maritime Domain Awareness System (MDAS) products, integrated solutions, and consulting services. The company offers its products and services to a wide range of customers, including those in government and offshore energy, oil and gas, construction, wind power, and other industries. The company has operations in North and South America, Europe, Asia and Australia.
Employees: 43
0
Funds holding %
of 6,790 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
2,100% more call options, than puts
Call options by funds: $22K | Put options by funds: $1K
100% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 5
17% more funds holding
Funds holding: 30 [Q2] → 35 (+5) [Q3]
0% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 8
2.33% less ownership
Funds ownership: 6.65% [Q2] → 4.33% (-2.33%) [Q3]
15% less capital invested
Capital invested by funds: $773K [Q2] → $658K (-$115K) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for OPTT.
Financial journalist opinion
Based on 3 articles about OPTT published over the past 30 days
Positive
Proactive Investors
2 days ago
Ocean Power Technologies' operational efficiencies and strategic wins drive shareholder optimism
Ocean Power Technologies Inc (NYSE-A:OPTT) has captured investor attention this week with the preliminary release of its fiscal second quarter financial results. Shares of the provider of intelligent maritime solutions have added 87% in the last five days, jumping to $0.38 per share from $0.20.
Positive
Proactive Investors
3 days ago
Ocean Power Technologies expects record revenue for the fiscal second quarter
Ocean Power Technologies Inc (NYSE-A:OPTT) has released preliminary financial results for the second quarter of fiscal year 2025, ending October 31, 2024. These unaudited results are subject to change and will be finalized when the company files its complete financial report in mid-December.
Neutral
GlobeNewsWire
3 days ago
Ocean Power Technologies Pre-Releases Preliminary Financial Results for Second Quarter Fiscal 2025
Confirms pathway to profitability in late 2025 based on record quarterly revenues and materially reduced expenses Confirms pathway to profitability in late 2025 based on record quarterly revenues and materially reduced expenses
Positive
Proactive Investors
1 month ago
Ocean Power Technologies secures major US Navy project - ICYMI
Ocean Power Technologies Inc (NYSE-A:OPTT) recently highlighted strategic advancements in its defense and offshore energy sectors. Earlier this week, CEO Philipp Stratmann told Proactive about progress on Project Overmatch, an initiative with the US Navy focused on multi-domain operations that deploy multiple unmanned surface vehicles.
Positive
Proactive Investors
1 month ago
Ocean Power Technologies gets follow-on order as major deliveries carried out
Ocean Power Technologies Inc (NYSE-A:OPTT) has announced a follow-on order for its WAM-V 8 unmanned surface vehicle from a customer in the Latin America region. This comes after several major contractual milestones were completed in the region with deliveries of a WAM-V 16 and WAM-V 22, Ocean Power Technologies said on Thursday.
Neutral
GlobeNewsWire
1 month ago
Ocean Power Technologies Secures Follow-On Order for WAM-V 8 and Delivers WAM-V 16 and WAM-V 22 to Latin America
MONROE TOWNSHIP, N.J., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced it has completed several major contractual milestones and delivered new unmanned surface vehicles, a WAM-V 16 and a WAM-V 22, to previously announced survey customers in Latin America.
Positive
Proactive Investors
1 month ago
Ocean Power Technologies demonstrates defense capabilities with completion of Project Overmatch milestone
Ocean Power Technologies Inc (NYSE-A:OPTT) announced that it has completed a major milestone for the Naval Information Warfare Center Pacific's Project Overmatch. The provider of intelligent maritime solutions said it has completed the second set of services of the previously announced follow-on contract as a subcontractor to EpiSci, resulting in immediate revenue recognition.
Neutral
GlobeNewsWire
1 month ago
Ocean Power Technologies Completes Major Milestone for Naval Information Warfare Center Pacific's Project Overmatch
MONROE TOWNSHIP, N.J., Oct. 28, 2024 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that it has completed the second set of exercises of the previously announced follow-on contract as a subcontractor to EpiSci and successfully deployed several of its WAM-V autonomous surface vehicles during the Mission Autonomy Proving Grounds (MAPG) as part of Project Overmatch.
Positive
Proactive Investors
1 month ago
Ocean Power Technologies taps Remah International Group as UAE distributor
Ocean Power Technologies Inc (NYSE-A:OPTT) announced it has appointed Remah International Group as its distributor in the UAE, marking a significant development in the company's expansion within the Middle East's defense and security sector. The agreement enables collaboration between the two companies to promote, sell, and service OPT's range of solutions, including WAM-V Unmanned Surface Vehicles, the Next Generation Powerbuoy, and AI-enabled Merrows.
Neutral
GlobeNewsWire
1 month ago
Ocean Power Technologies Appoints Remah International Group as Distributor in the UAE
Paradigm Shifting Development in OPT's Expansion of its Defense and Security Business in the Middle East Paradigm Shifting Development in OPT's Expansion of its Defense and Security Business in the Middle East
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