Ocean Power Technologies Inc, commonly known as OPT, is primarily active in the renewable energy industry. As a global leader in ocean energy solutions, OPT develops and commercializes innovative technologies that harness the power of waves and currents to generate clean and sustainable electricity. With a focus on providing reliable and cost-effective solutions, OPT's products find applications in various sectors, including offshore oil and gas, security and defense, and scientific research. By utilizing its expertise in wave energy conversion, OPT aims to contribute to a more sustainable future by reducing carbon emissions and diversifying the energy mix with its advanced power generation systems.

The main competitors of Ocean Power Technologies Inc in the market include Wello Oy, Carnegie Wave Energy, and Pelamis Wave Power.

Ocean Power Technologies Inc is a leading renewable energy company specializing in wave power generation. Established in 1984, the company has a rich history of pioneering innovative technologies for harnessing the ocean's vast energy potential. Ocean Power Technologies Inc has developed and commercialized the PowerBuoy® system, a reliable and environmentally friendly solution for generating clean electricity from ocean waves. With a strong focus on sustainability, Ocean Power Technologies Inc has become a trusted name in the industry, offering innovative, cost-effective, and scalable wave energy solutions. Emphasizing its commitment to renewable energy, Ocean Power Technologies Inc continues to push the boundaries of wave power generation, making a significant contribution to the global transition towards clean and sustainable energy sources.

Ocean Power Technologies Inc has achieved several significant milestones. The company successfully developed and commercialized its proprietary PowerBuoy® technology, which harnesses energy from ocean waves to generate clean electricity. Ocean Power Technologies Inc has also secured various strategic partnerships and contracts worldwide, contributing to the growth and expansion of their renewable energy solutions. Additionally, the company has demonstrated the efficacy and reliability of its PowerBuoy® systems through successful deployments and extensive testing offshore. Ocean Power Technologies Inc continues to innovate and advance in the renewable energy sector, making considerable strides towards sustainable power generation from ocean resources.

Ocean Power Technologies Inc. is primarily present in multiple countries and regions across the globe. As a leading innovator in ocean energy solutions, the company has established its presence in key markets worldwide. With a focus on harnessing the power of waves, Ocean Power Technologies Inc. has operations and partnerships in countries such as the United States, Australia, Japan, and Europe, among others. This global presence allows the company to leverage diverse ocean resources and expand its renewable energy solutions on an international scale.

Ocean Power Technologies Inc represents a commitment to sustainable energy and the harnessing of ocean power. The company's core values include innovation, environmental responsibility, and cost-effective solutions. Ocean Power Technologies focuses on delivering clean and reliable power from the ocean's renewable resources. With a strong corporate philosophy centered around renewable energy, Ocean Power Technologies Inc aims to transform the way we generate electricity and contribute to a greener future.

Analysts currently set an average price target of 1.53 USD for the Ocean Power Technologies stock (median: 1.53 USD), implying +718.6 % versus the latest price. The consensus is based on 8 analyst ratings.

Ocean Power Technologies Analyst Price Targets 2026

8 analysts currently rate the Ocean Power Technologies stock: 7 recommend buying, 1 holding and 0 selling. For 2026, analysts expect Ocean Power Technologies to generate revenue of 6.10 M USD and earnings per share of -0.01 USD.

Ocean Power Technologies Analyst Price Targets 2026

Converted at the current exchange rate, the Ocean Power Technologies share trades at 0.16 EUR (0.19 USD).

The Ocean Power Technologies share (OPTT) is listed on 5 stock exchanges, including: NASDAQ (OPTT), Frankfurt (RUOC.F), München (RUOC.MU), Düsseldorf (RUOC.DU).

Ocean Power Technologies Inc. (OPT) is a leading company in the field of renewable energy, specializing in the development and delivery of clean energy generation solutions. OPT's business model is based on the development and operation of innovative technologies that harness the power of the ocean to generate electricity. OPT offers its customers a wide range of products and services tailored to the needs of businesses and governments, contributing to a cleaner future through renewable energy. Opt utilizes its patented PowerBuoy technology to harness clean energy from waves, tides, and currents, providing an environmentally friendly alternative to fossil fuels. One of the key components of OPT's business model is the marketing of its technology platforms, which enable more efficient and effective utilization of renewable energy. The company pursues a global marketing strategy to expand its presence in markets such as the US, Europe, and Asia. OPT also operates a business in marine surveillance, aiming to deliver systems such as the PowerBuoys mesh network. OPT's technology ensures constant monitoring of the sea, providing precise data and information to make informed decisions. This business segment showcases the potential of OPT's products and technology platforms to serve a variety of applications and focus on different business areas. Another important component of OPT's business model is collaboration with partners and customers to provide precision-controlled operational and maintenance support, logistics, and service functions. Through this approach, OPT can offer a comprehensive range of services to ensure optimal performance of its customers' devices. OPT has also undertaken a variety of projects to demonstrate the technology and importance of renewable energy sources. One example is the Naval Earth System Technology (NEST) project, in which OPT developed a floating platform that converts mechanical energy from waves into electrical power. This project demonstrates the potential of OPT's technology and underscores the company's commitment to moving the energy industry towards renewable energy. OPT is aware that the transition to renewable energy sources poses a challenge, and this complexity will continue to intensify in the future. In order to succeed here, OPT will continue to invest in innovative technologies and strengthen its presence in various markets. The company believes that a holistic view of the energy market, along with a strategic culture of innovation, are crucial prerequisites for long-term value creation and sustainability. Overall, Ocean Power Technologies' business model is focused on providing innovative technologies for renewable energy generation and developing customer-oriented solutions that contribute to global environmental improvement. OPT is a significant player in the energy and environmental market, with a successful track record and considerable financial stability.

The expected revenue of Ocean Power Technologies is 6.10 M USD. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Ocean Power Technologies is -24.11 M USD. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Ocean Power Technologies is currently -14.23. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Ocean Power Technologies stock.

The price-to-sales ratio (P/S) of Ocean Power Technologies is currently 56.24. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Ocean Power Technologies stock.

The Eulerpool Quality Score for Ocean Power Technologies is 3/10.

The ISIN of Ocean Power Technologies is US6748705067. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Ocean Power Technologies is A2PFQU. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Ocean Power Technologies is OPTT. The ticker symbol is used to trade Ocean Power Technologies shares on the stock exchange.

Ocean Power Technologies paid dividends every year for the past 0 years.

Ocean Power Technologies is assigned to the 'Industry' sector.

The dividends of Ocean Power Technologies are distributed in USD.