Ocean Power Technologies (OPTT) Stock
Wave energy developer powering remote and offshore power systems. Here's the price, business snapshot, and what's worth knowing about Ocean Power Technologies in October 2026.
Ocean Power Technologies Inc (ticker: OPTT) develops wave-energy conversion systems designed to turn ocean wave motion into electricity. Its PowerBuoy platform is aimed at supplying renewable power to offshore installations, remote facilities and grid-connected projects through pilot deployments and partnerships with utilities, governments and industrial operators. With a market capitalisation near $95m, OPTT is a small-cap, development-stage company: revenues have tended to be modest and the business often relies on project funding, grants and partner agreements to advance commercialisation. Potential attractions include exposure to marine renewables and decarbonisation trends, while key risks are technology execution, lengthy permitting, capital intensity and variable project timelines. Investors should expect significant volatility and the possibility of additional funding needs. This content is educational only and not personal financial advice; consider suitability and consult a regulated adviser before investing.
Ocean Power Technologies (OPTT) Stock Forecast
Analyst price target, next 12 months
$1.50
+47.1% vs today's $1.02
Price range over the last 12 months
Close to its 12-month low
Analysts covering Ocean Power Technologies have a consensus 12-month target of $1.50, above the current price of $1.02.
Analyst targets are opinions, not guarantees. Capital at risk. Data as of 28 Aug 2026.
Source: Analyst sentiment is provided by Refinitiv Ltd, a global leader in financial market data with over 40k business clients. Refinitiv Ltd is an independent third party to Nemo. This is not advice.
Sixth Month Growth Performance
Stock Performance Snapshot
Analyst Rating
Analysts strongly recommend buying Ocean Power Technologies' stock, expecting significant growth potential ahead.
Financial Health
Ocean Power Technologies is generating modest revenue and cash flow, indicating stable operations but limited growth.
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Why You’ll Want to Watch This Stock
Wave energy tech
PowerBuoy systems aim to convert ocean waves into electricity, offering a novel route into offshore renewables, though deployments can be slow and costly.
Decarbonisation angle
The company aligns with demand for clean energy and offshore solutions, but large-scale adoption depends on policy support and market demand.
Execution & funding
Commercial progress depends on successful pilots, partnerships and access to capital; investors should anticipate operational and financing risks.
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