Skip to main content
Signal8

Ocean Power Technologies, Inc. (OPTT)

Ocean Power Technologies, Inc. (OPTT) is a company dedicated to creating and deploying exclusive technologies that convert the sustainable power of ocean waves into electricity. The firm operates globally, with a presence in North America, South America, Europe, and Asia. A primary offering is their PB3 PowerBuoy system, engineered to provide autonomous power generation for remote offshore locations, independent of traditional electrical grids. Beyond this, OPTT's product line includes hybrid PowerBuoy solutions and subsea battery systems. They also furnish essential supporting services such as software development, control systems, sensor integration, and expert marine installation. The company extends its capabilities to deliver distributed offshore power and critical communication infrastructure for diverse remote surface and subsea applications. These solutions cater to key sectors including defense and security, the offshore oil and gas industry, scientific research, and offshore wind energy. Furthermore, OPTT offers its Wave Adaptive Modular Vessel (WAM-V) technology, which significantly enhances the mobility and operational range of uncrewed maritime systems. This includes leasing WAM-V robotics and providing access to associated information. Their expertise also covers maritime domain awareness solutions and strategic consulting. Finally, the company provides a comprehensive suite of offshore data services, encompassing collection, integration, analysis, and real-time communication for various purposes. OPTT primarily serves a diverse client base of both governmental agencies and private organizations that require dependable power solutions in distant marine environments. Established in 1984, Ocean Power Technologies, Inc. is headquartered in Monroe Township, New Jersey.

Sector: Electric Services

Industry: Electrical Equipment & Parts

Ocean Power Technologies, Inc. logo

Ocean Power Technologies, Inc.

NYSE:OPTTIndustrials
-12.13%$0.6040
AH Close$0.6007-0.55%vs close
Mkt Cap$5.44M
Float8.86M
O/S9M
Inst Own12.2%
SI16.5%
Dilution
Historical Data
DateOpenHighLowCloseVolume
Key Metrics
Market Cap$5.44M
Enterprise Value--
P/E Ratio--
Est. Net Cash/Share--
Institutional Ownership12.20%

based on 9.00M shares outstanding

SectorIndustrials
IndustryElectrical Equipment & Parts
ExchangeNYSE American
CountryUSUS
IPO DateApr 25, 2007
Shares Outstanding9.00M
Float8.86M
Company Overview

Ocean Power Technologies, Inc. (OPTT) is a company dedicated to creating and deploying exclusive technologies that convert the sustainable power of ocean waves into electricity.

The firm operates globally, with a presence in North America, South America, Europe, and Asia. A primary offering is their PB3 PowerBuoy system, engineered to provide autonomous power generation for remote offshore locations, independent of traditional electrical grids. Beyond this, OPTT's product line includes hybrid PowerBuoy solutions and subsea battery systems. They also furnish essential supporting services such as software development, control systems, sensor integration, and expert marine installation.

The company extends its capabilities to deliver distributed offshore power and critical communication infrastructure for diverse remote surface and subsea applications. These solutions cater to key sectors including defense and security, the offshore oil and gas industry, scientific research, and offshore wind energy. Furthermore, OPTT offers its Wave Adaptive Modular Vessel (WAM-V) technology, which significantly enhances the mobility and operational range of uncrewed maritime systems. This includes leasing WAM-V robotics and providing access to associated information. Their expertise also covers maritime domain awareness solutions and strategic consulting. Finally, the company provides a comprehensive suite of offshore data services, encompassing collection, integration, analysis, and real-time communication for various purposes. OPTT primarily serves a diverse client base of both governmental agencies and private organizations that require dependable power solutions in distant marine environments. Established in 1984, Ocean Power Technologies, Inc. is headquartered in Monroe Township, New Jersey.

Leadership

Bob Powers

Senior Vice President, Chief Financial Officer & Treasurer

Corliss J. Montesi

Director Candidate; Vice President of L3Harris Technologies

Diana G. Purcel

Chair

J. Philipp Stratmann

Chief Executive Officer, President & Director

Employees

65

Country

US

Sector

Industrials

Website

oceanpowertechnologies.com

Analyst Coverage
Analyst Coverage
ConsensusBuy
Price Target
No price targets available
Ratings Distribution
BUY
1
HOLD
0
SELL
0
TOTAL1
Insider Trades
InsiderTypeShares
PAGLIARA TRACY D profile photoPAGLIARA TRACY DGrant/Award75.0K
PAGLIARA TRACY D profile photoPAGLIARA TRACY DAutomatic Sell322.9K
Powers Robert Patrick profile photoPowers Robert PatrickAutomatic Sell437.6K
Stratmann Philipp profile photoStratmann PhilippAutomatic Sell901.1K
Powers Robert Patrick profile photoPowers Robert PatrickGrant/Award173.9K
Stratmann Philipp profile photoStratmann PhilippGrant/Award392.6K
Shareholders
12.2%
Institutional
(73)
4.7%
Insiderⓘ
(13)
0.8%
5%+ Owners
(1)
of which 0.8% rests on schedules older than 24 months (1 holder)
82.3%
Unattributed (incl. retail)ⓘ
Institutional12.2%
Insider4.7%
5%+ Beneficial0.8%
Unattributed (incl. retail)82.3%
Top Shareholders
NameShares%
VANGUARD CAPITAL MANAGEMENT LLC logo
VANGUARD CAPITAL MANAGEMENT LLC
297.3K3.3%
UBS Group AG logo
UBS Group AG
229.0K2.5%
BlackRock, Inc. logo
BlackRock, Inc.
111.0K1.2%
Polar Asset Management Partners Inc. logo
Polar Asset Management Partners Inc.
101.4K1.1%
PAGLIARA TRACY D profile photo
PAGLIARA TRACY D
Interim President and CEO, Director
89.8K1.0%
Cryan Terence James profile photo
Cryan Terence James
Director
77.8K0.9%
GEODE CAPITAL MANAGEMENT, LLC logo
GEODE CAPITAL MANAGEMENT, LLC
73.3K0.8%
Paragon Technologies, Inc. logo
Paragon Technologies, Inc.
· may incl. warrants· stale · filed Apr 2024
73.0K0.8%
Stratmann Philipp profile photo
Stratmann Philipp
President and CEO, Director
64.4K0.7%
VANGUARD FIDUCIARY TRUST CO logo
VANGUARD FIDUCIARY TRUST CO
46.2K0.5%
Sources: 13F, Form 4, 13D/13GO/S: 9.0M · as of 11 Sep 2026 · SEC cover page
Insiders & Institutional Holders
52-Week Range
$0.5350$21.60
$0.6040(0th percentile)
Volume
Average Daily Volume807.10K
716.64K today vs 807.10K avg(-11%)

30d Avg

807.10K

60d Avg

632.37K

90d Avg

467.13K

Earnings
Dividend History
No dividend history available
Compliance Status
Loading compliance data...