OPTT

Company Overview — What Does Ocean Power Technologies, Inc. Do?

Ocean Power Technologies, Inc. develops and commercializes proprietary systems that generate electricity by harnessing the renewable energy of ocean waves in America, Europe, and Australia. It offers PB3 PowerBuoy system that generates power for use independent of the power grid in remote offshore locations. The company also provides hybrid PowerBuoy products; subsea battery systems; and payloads, integration services, and marine installation services. In addition, it offers electric power and real-time data communications for remote offshore and subsea applications in markets, such as offshore oil and gas, defense and security, science and research, and communications. 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. Ocean Power Technologies, Inc. (OPTT) is classified as a micro-cap stock in the Utilities sector. The company is led by CEO J. Philipp Stratmann and employs approximately 50 people, headquartered in MONROE TOWNSHIP, New Jersey. With a market capitalization of $79M, OPTT is one of the notable companies in the Utilities sector.

Ocean Power Technologies, Inc. (OPTT) Stock Rating — Avoid (April 2026)

As of April 2026, Ocean Power Technologies, Inc. receives a Avoid rating with a composite score of 22.2/100 and 1 out of 5 stars from the Blank Capital Research quantitative model.OPTT ranks #4,308 out of 4,446 stocks in our coverage universe. Within the Utilities sector, Ocean Power Technologies, Inc. ranks #110 of 112 stocks, placing it in the lower half of its Utilities peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

OPTT Stock Price and 52-Week Range

Ocean Power Technologies, Inc. (OPTT) currently trades at $0.36. The stock lost $0.02 (4.1%) in the most recent trading session. The 52-week high for OPTT is $0.90, which means the stock is currently trading -59.9% from its annual peak. The 52-week low is $0.29, putting the stock 24.5% above its annual trough. Recent trading volume was 2.1M shares, reflecting moderate market activity.

Is OPTT Overvalued or Undervalued? — Valuation Analysis

Ocean Power Technologies, Inc. (OPTT) carries a value factor score of 22/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The price-to-book ratio stands at 3.64x, versus the sector average of 1.98x. The price-to-sales ratio is 16.74x, compared to 0.82x for the average Utilities stock.

At current multiples, Ocean Power Technologies, Inc. trades at a premium to most Utilities peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.

Ocean Power Technologies, Inc. Profitability — ROE, Margins, and Quality Score

Ocean Power Technologies, Inc. (OPTT) earns a quality factor score of 8/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is -129.4%, compared to the Utilities sector average of 9.9%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -73.4% versus the sector average of 3.1%.

On a margin basis, Ocean Power Technologies, Inc. reports gross margins of -67.7%, compared to 53.1% for the sector. The operating margin is -965.1% (sector: 21.5%). Net profit margin stands at -1038.6%, versus 12.8% for the average Utilities stock. Revenue growth is running at -67.4% on a trailing basis, compared to 20.1% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

OPTT Debt, Balance Sheet, and Financial Health

Ocean Power Technologies, Inc. has a debt-to-equity ratio of 76.0%, compared to the Utilities sector average of 164.5%. Leverage is within a manageable range for the industry, though investors should monitor debt trends over time. The current ratio is 1.23x, suggesting adequate working capital coverage.

OPTT has a beta of 2.29, meaning it is more volatile than the broader market — a $10,000 investment in OPTT would be expected to move 128.7% more than the S&P 500 on any given day. The stability factor score for Ocean Power Technologies, Inc. is 15/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.

Ocean Power Technologies, Inc. Revenue and Earnings History — Quarterly Trend

In TTM 2026, Ocean Power Technologies, Inc. reported revenue of $5M and earnings per share (EPS) of $-0.06. Net income for the quarter was $-29M. Gross margin was -67.7%. Operating income came in at $-27M.

In Q2 2026, Ocean Power Technologies, Inc. reported revenue of $424,000 and earnings per share (EPS) of $-0.06. Net income for the quarter was $-11M. Gross margin was -325.5%. Revenue grew -82.5% year-over-year compared to Q2 2025. Operating income came in at $-10M.

In Q1 2026, Ocean Power Technologies, Inc. reported revenue of $1M and earnings per share (EPS) of $-0.04. Net income for the quarter was $-7M. Gross margin was -1.9%. Revenue grew -9.1% year-over-year compared to Q1 2025. Operating income came in at $-7M.

In FY 2025, Ocean Power Technologies, Inc. reported revenue of $6M and earnings per share (EPS) of $-0.17. Net income for the quarter was $-22M. Gross margin was 28.3%. Revenue grew 6.1% year-over-year compared to FY 2024. Operating income came in at $-22M.

Over the past 8 quarters, Ocean Power Technologies, Inc. has experienced revenue contraction from $6M to $5M. Investors analyzing OPTT stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

OPTT Dividend Yield and Income Analysis

Ocean Power Technologies, Inc. (OPTT) does not currently pay a dividend. This is common among smaller companies in the Utilities industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Utilities dividend stocks may want to explore other Utilities stocks or use the stock screener to filter by dividend yield.

OPTT Momentum and Technical Analysis Profile

Ocean Power Technologies, Inc. (OPTT) has a momentum factor score of 30/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 39/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 37/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.

OPTT vs Competitors — Utilities Sector Ranking and Peer Comparison

Within the Utilities sector, Ocean Power Technologies, Inc. (OPTT) ranks #110 out of 112 stocks based on the Blank Capital composite score. This places OPTT in the lower half of all Utilities stocks in our coverage universe. Key competitors and sector peers include Energy Transfer LP (ET) with a score of 52.6/100, Southwest Gas Holdings, Inc. (SWX) with a score of 54.8/100, NEXTERA ENERGY INC (NEE) with a score of 51.6/100, EDISON INTERNATIONAL (EIX) with a score of 53.0/100, and TC ENERGY CORP (TRP) with a score of 53.1/100.

Comparing OPTT against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full OPTT vs S&P 500 (SPY) comparison to assess how Ocean Power Technologies, Inc. stacks up against the broader market across all factor dimensions.

OPTT Next Earnings Date

No upcoming earnings date has been announced for Ocean Power Technologies, Inc. (OPTT) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy OPTT? — Investment Thesis Summary

The quantitative profile for Ocean Power Technologies, Inc. suggests caution. The quality score of 8/100 flags below-average profitability. The value score of 22/100 indicates premium valuation. Momentum is weak at 30/100, a headwind for near-term performance. High volatility (stability score 15/100) increases portfolio risk.

In summary, Ocean Power Technologies, Inc. (OPTT) earns a Avoid rating with a composite score of 22.2/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on OPTT stock.

Related Resources for OPTT Investors

Explore more research and tools: OPTT vs S&P 500 comparison, top Utilities stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare OPTT head-to-head with peers: OPTT vs ET, OPTT vs SWX, OPTT vs NEE.