Ocean Power Technologies, Inc. (OPTT) AI Stock Analysis

Ocean Power Technologies, Inc. specializes in developing and commercializing systems that harness renewable ocean wave energy across global markets, including North America, South America, Europe, and Asia. Founded in 1984 and based in Monroe Township, New Jersey, its flagship product is the PB3 PowerBuoy system, which generates autonomous electricity offshore independent of the power grid. The company also supplies hybrid PowerBuoy systems, subsea batteries, software, controls, sensors, and installation services. Its Wave Adaptive Modular Vessel (WAM-V) technology supports uncrewed maritime systems, leased robotics, and maritime domain awareness across defense, offshore wind, and science sectors.

Revenue grew from $1.8M in FY2022 to $5.9M in FY2025 before declining 30.5% to $4.1M in FY2026, delivering a 5-year revenue CAGR of 27.6% from FY2021 to FY2026. Gross margin deteriorated from 28.3% in FY2025 to -199.6% in FY2026, while operating margin worsened to -976.7%. Net income was -$43.7M in FY2026 compared to -$21.5M in FY2025. Over the trailing twelve months ended July 31, 2026, revenue stood at $4.3M with an operating margin of -840.2% and EPS of -$7.58. However, quarterly revenue for the period ended July 31, 2026, rose 44.1% year-over-year.

As of July 31, 2026, Ocean Power Technologies held $7.4M in cash and short-term investments alongside total debt of $9.8M, resulting in net debt of $2.5M. Total assets stood at $38.7M against shareholders' equity of $8.5M, reflecting a debt-to-equity ratio of 1.16 and a current ratio of 0.52. In FY2026, the company recorded capital expenditures of $4.0M, operating cash flow of -$22.7M, and free cash flow of -$26.7M. In addition, the company's share count expanded by 4610.1% over a 5-year span.

At its last close of $0.61 on October 16, 2026, Ocean Power Technologies traded at a market capitalization of $5.5M and an enterprise value of $22.3M. The stock trades at a price-to-sales multiple of 1.3x and an EV-to-revenue multiple of 5.2x, compared to a median price-to-sales multiple of 1.5x for its US-listed Industrials peers. The stock's price-to-book ratio is 2.3x. Over the past 12 months, OPTT has declined 96.1%, trailing the 16.8% gain for the S&P 500 (SPY), while its 5-year return of -99.0% lagged the SPY return of 83.0%.

One analyst covers Ocean Power Technologies for the fiscal year ending April 30, 2028. The mean price target is $45.00, representing a 7271.0% premium over the last close of $0.61. For the current fiscal year ending April 30, 2027, consensus estimates project revenue of $14.5M and EPS of -$3.45. For the next fiscal year, expectations call for revenue of $33.4M, representing revenue growth of 131.0%, and EPS of -$1.80. The company has beaten EPS estimates 0 times over the last 4 quarters.

This page is an AI-written research summary of Ocean Power Technologies, Inc. (OPTT). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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