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Home โบ Stocks โบ Ocean Power Technologies Inc. (OPTT) Stock Forecast & Price Prediction United States | NYSE | Industrials | Specialty Industrial Machinery
$0.47
+0.00 (0.00%)10 Quality Stocks Worth Considering Now
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OPTT has shown a year-to-date change of -53.9% and a 1-year change of 147.4%, reflecting upward momentum over the past year. Comprehensive analyst forecasts are currently unavailable for OPTT. Please refer to the price chart above for recent performance and trends.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
These are the latest 20 analyst ratings and price targets for OPTT.
Date | Firm | Analyst | Rating | Change | Price Target |
---|---|---|---|---|---|
Nov 25, 2020 | Ascendiant Capital | Strong Buy | Initiates | $0.00 | |
May 9, 2013 | Ascendiant Capital | Strong Buy | Initiates | $0.00 |
The following stocks are similar to Ocean Power based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
Ocean Power Technologies Inc. has a market capitalization of $80.90M with a P/E ratio of -1.0x. The company generates $6.12M in trailing twelve-month revenue with a 51.1% profit margin.
Revenue growth is -54.0% quarter-over-quarter, while maintaining an operating margin of -712.1% and return on equity of -80.5%.
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Harnesses ocean wave energy for electricity.
The company develops and commercializes systems that convert ocean wave energy into electricity, generating revenue through the sale and deployment of its innovative technologies, such as the PowerBuoy. They cater to various industries, providing clean energy solutions that help reduce carbon footprints and enhance operations in challenging maritime environments.
Founded in 1984 and headquartered in Monroe Township, New Jersey, Ocean Power Technologies is focused on innovation in renewable energy. Its technologies are significant for sectors like defense, communications, and offshore oil and gas, playing a vital role in the transition to green energy and enhancing energy security.
Industrials
Specialty Industrial Machinery
43
Dr. Philipp Stratmann
United States
2007
Ocean Power Technologies Inc (NYSE-A:OPTT) has secured a contract to supply unmanned surface vehicles to Allied Forces, with delivery expected by late spring 2025.
Ocean Power Technologies' contract for unmanned surface vehicles signals growth potential and revenue stability, enhancing investor confidence in its future performance and market position.
Ocean Power Technologies, Inc. (NYSE: OPTT) has secured a contract to deliver multiple WAM-Vยฎ units to Allied Forces, enhancing its position in low-carbon marine power solutions.
The contract boost for Ocean Power Technologies signals increased demand for innovative marine solutions, potentially enhancing revenue and market position, impacting stock performance positively.
Ocean Power Technologies, Inc. (NYSE American: OPTT) will participate in a fireside chat on May 6, 2025, at 11 a.m. ET to engage with the investor community.
Ocean Power Technologies' investor engagement signals transparency and potential growth, which can influence investor confidence and stock performance.
Ocean Power Technologies Inc (NYSE-A:OPTT) has shipped a 22' WAM-V vessel with autonomous capabilities for extended offshore surveys, enabling continuous operations for multiple days.
The shipment of the autonomous WAM-V vessel positions Ocean Power Technologies to enhance offshore survey capabilities, potentially increasing revenue and attracting investor interest in innovative marine technology.
Ocean Power Technologies (NYSE-A:OPTT) has shipped a PowerBuoy for a demonstration to validate its system for defense applications, marking a milestone after a partnership with a defense contractor.
The shipment of the PowerBuoy demonstrates technological validation for defense applications, potentially boosting Ocean Power Technologies' market position and attracting investment in defense contracts.
The company has successfully completed three days of continuous survey operations, indicating operational capability and potential for future projects.
Successful demonstration of continuous survey operations indicates operational efficiency and reliability, potentially signaling growth and stability for the company, which can attract investor interest.
Analyst forecasts for Ocean Power Technologies Inc. (OPTT) are not currently available. The stock is trading at $0.47.
Analyst ratings for OPTT are not currently available. The stock is currently trading at $0.47. Investment decisions should be based on thorough research and your personal financial goals. Always conduct your own research and consider your investment goals before making investment decisions.
Price predictions from Wall Street analysts for OPTT are not currently available. The stock is trading at $0.47.
The company develops and commercializes systems that convert ocean wave energy into electricity, generating revenue through the sale and deployment of its innovative technologies, such as the PowerBuoy. They cater to various industries, providing clean energy solutions that help reduce carbon footprints and enhance operations in challenging maritime environments.
Price targets from Wall Street analysts for OPTT are not currently available. The stock is trading at $0.47.
Price targets from Wall Street analysts for OPTT are not currently available. The stock is trading at $0.47.
Analyst ratings for OPTT are not currently available. The stock is trading at $0.47.
Stock price projections, including those for Ocean Power Technologies Inc., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.