Ocean Power Technologies

Ocean Power Technologies, Inc. engages in commercializing proprietary systems that generate electricity predominantly by harnessing the renewable energy of ocean waves. It offers PB3 PowerBuoy, which generates electricity by harnessing the renewable energy of ocean waves. It operates through the following geographical segments: North and South America, Europe, and Asia and Australia. The company was founded by George W. Taylor on April 19, 1984 and is headquartered in Monroe Township, NJ.

Earnings data Q4 2021

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Ocean Power Technologies reports fiscal growth amidst shareholder challenges

Ocean Power Technologies (OPTT) showcased technological achievements and strategic partnerships in fiscal 2024 despite financial challenges from a dissident shareholder.
With a focus on achieving profitability by the second half of calendar 2025, OPTT aims to leverage cost optimization and operational efficiencies for future success.
Dr. Stratmann's emphasis on growth trajectory, market opportunities, and shareholder value underscores OPTT's commitment to driving innovation and value creation.

Ocean Power Technologies (OPTT) reports strong Q1 results and advances in renewable energy technology

Ocean Power Technologies (OPTT) delivered improved financial performance in Q1 '25 with revenue growth, cost reductions, and a strengthened backlog, signaling positive momentum.
The company's focus on innovation, strategic partnerships, and operational efficiency positions it well for future growth and market leadership in the renewable energy sector.
While OPTT faces challenges in maintaining profitability and cash flow, opportunities lie in leveraging its technological advancements and market demand to drive sustainable growth.

Ocean Power Technologies (OPTT) achieves record revenue and eyes profitability in Q4 2025

Ocean Power Technologies (OPTT) reported strong financial performance in Q2 2025, with record revenue and reduced net losses. Strategic partnerships and market expansion efforts are driving growth, positioning the company for profitability by Q4 2025. Analysts see opportunities in global expansion and recurring revenue models for OPTT.

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Modular Subsea Energy Storage as Part of Expanded Solutions for Ocean Electrification Modular Subsea Energy Storage as Part of Expanded Solutions for Ocean Electrification

Ocean Power Technologies Unveils Its Subsea Battery Solution

Scalable PowerBuoy® Surveillance Solution Can Link Multiple Marine Coverage Zones Over Extended Distances Scalable PowerBuoy® Surveillance Solution Can Link Multiple Marine Coverage Zones Over Extended Distances

Ocean Power Technologies Unveils Autonomous Surface Surveillance Solution for Offshore Territorial Applications

Revenue Increase Over Prior Year, PowerBuoy® Sale and Lease Extension Highlight Fiscal Year

Ocean Power Technologies Announces Fourth Quarter and Full Year Fiscal 2020 Results

Easily Deployable Offshore Power & Communications Platform Completes Successful Sea Trial Easily Deployable Offshore Power & Communications Platform Completes Successful Sea Trial

Ocean Power Technologies Launches hybrid PowerBuoy®

MONROE TOWNSHIP, N.J., May  01, 2020  (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NASDAQ: OPTT), a leader in innovative and cost-effective ocean energy solutions, announced today that it recently received $0.9 million of non-dilutive funding through the New Jersey Economic Development Authority’s Technology Business Tax Certificate Transfer Program (the “Program”).

Ocean Power Technologies Receives $0.9 Million of Non-Dilutive Funding Through the New Jersey Economic Development Authority’s Technology Business Tax Certificate Transfer Program

Ocean Power Technologies, Modus Seabed Intervention & Saab Seaeye Project Seeks U.S. Government Funding Ocean Power Technologies, Modus Seabed Intervention & Saab Seaeye Project Seeks U.S. Government Funding

Groundbreaking Carbon-Free Autonomous Subsea Vehicle Residency Solution Advances

Redeploying the PB3 to an Unmanned Production Platform in the Adriatic Sea Redeploying the PB3 to an Unmanned Production Platform in the Adriatic Sea

Eni Taps Ocean Power Technologies PowerBuoy® for New Mission

Focus on Surveillance Solutions Throughout Southeast Asia Focus on Surveillance Solutions Throughout Southeast Asia

Ocean Power Technologies & Taiwan-based Firm BAP Precision Sign Letter of Intent

Easily Deployed, Dual Powered Solution Prototyping Underway Easily Deployed, Dual Powered Solution Prototyping Underway

The Ocean Power Technologies hybrid PowerBuoy® is Coming!

The Ocean Renewable Energy Action Coalition just launched. As a result, is Ocean Power Technologies and OPTT stock worth a look?

Do Not Put Ocean Power Technologies Stock in Your 401k

MONROE TOWNSHIP. N.J., Nov.  05, 2019  (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NASDAQ: OPTT) a leader in innovative ocean energy solutions, today announced that Jeffrey R. Wiener has joined the company as Vice President of Global Sales. Prior to joining OPT, Jeff was Senior Vice President of Sales for EOS Energy Storage, where he helped to develop and commercialize Eos’s proprietary zinc hybrid battery storage solution.

Jeffrey R. Wiener Joins Ocean Power Technologies as Vice President of Global Sales

Agreement Provides Flexible Access to Funding at a Lower Cost of Capital Agreement Provides Flexible Access to Funding at a Lower Cost of Capital

Ocean Power Technologies Enters into $10 million Common Stock Purchase Agreement with Aspire Capital Fund

MONROE TOWNSHIP, N.J., Oct.  24, 2019  (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NASDAQ: OPTT), a leader in innovative and cost-effective ocean energy solutions, announced today that it will be attending the OCEANS 2019 Conference & Exposition October 27-31, 2019 in Seattle. 

Ocean Power Technologies to Attend OCEANS 2019 Seattle Conference

Two Contracts with Enel Green Power Play Central Role in Chilean Marine Energy Research Two Contracts with Enel Green Power Play Central Role in Chilean Marine Energy Research

Ocean Power Technologies Announces PB3 PowerBuoy® Sale and Pioneering Turn-Key Ocean Sea Lab Development

Ocean Power Technologies, Inc. (OPTT) CEO George Kirby on Q1 2020 Results - Earnings Call Transcript

Investor Conference Call and Webcast on September 18, 2019 at 11:00 A.M. ET Investor Conference Call and Webcast on September 18, 2019 at 11:00 A.M. ET

Ocean Power Technologies Announces First Quarter Fiscal 2020 Results

MONROE TOWNSHIP, N.J., Sept.  05, 2019  (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NASDAQ: OPTT) a leader in innovative ocean energy solutions, will be presenting at this year's Fall Investor Summit, taking place Monday, September 16th and Tuesday, September 17th at the Essex House in New York City. George Kirby, President and Chief Executive Officer, and Matthew Shafer, Chief Financial Officer and Treasurer, are scheduled to present on Monday, September 16th at 3:30PM ET.

Ocean Power Technologies to Present at the Fall Investor Summit on September 16th-17th in New York City

MONROE TOWNSHIP, N.J., Aug.  22, 2019  (GLOBE NEWSWIRE) -- Monroe Township, N.J., August 22, 2019 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (“OPT” or “the Company”) (NASDAQ: OPTT), a leader in innovative and cost-effective ocean energy solutions, announced the successful deployment of a PB3 PowerBuoy® in the North Sea for its customer Premier Oil (“Premier”). 

Ocean Power Technologies Announces the Successful North Sea Deployment of the PB3 PowerBuoy® for Premier Oil

Ocean Power Technologies, Inc. (OPTT) CEO George Kirby on Q4 2019 Results - Earnings Call Transcript

It’s official, March marks my first red month in more than a year. It’s disappointing, but I’m going to take the lessons I’ve learned over the month and move on.

Getting Your Trading Day Off On The Right Foot: $5,000 In The First 5 Minutes

Shares of Ocean Power Technologies Inc. rocketed 113% on very heavy volume in afternoon trade Wednesday, after the company said it signed a contract to complete a study the use of its products and services in monitoring subsea well during decommissioning activities.

News for Ocean Power Technologies Stock (OPTT)