Ocean Power Technologies, Inc. (OPTT) Stock

Ocean Power Technologies, Inc. (OPTT) is a Utilities stock trading at $0.19 (as of 2026-08-21), with a market capitalization of $51.41M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Ocean Power Technologies, Inc. designs and commercializes systems that generate offshore electricity from ocean wave energy, including its PowerBuoy platform and related hybrid power products, subsea battery systems, and supporting software, controls, sensors, integration, and marine installation services. It also supplies distributed offshore power and communications and maritime solutions such as WAM-V uncrewed vessel technology for remote applications, serving public and private customers and government agencies.

Understand Ocean Power Technologies, Inc.: how it makes money

Ocean Power Technologies develops and commercializes ocean wave energy systems, selling its PowerBuoy and related hybrid and subsea power and communications solutions, plus software, controls, sensors, integration, and marine installation services.

The profit model is project and systems driven, so near-term financial results largely depend on converting the Sales Pipeline into delivered PowerBuoy and related offshore power, communications, and services.

Business quality (Weak): Track-record of commercialization is evident from its product and services portfolio (PowerBuoy, hybrid and subsea systems, plus installation and integration), but the latest reported profitability metrics remain deeply negative (gross margin and operating margin), making execution and delivery conversion central to the story.

Bull case

Broad, end-to-end offshore offering: The company provides PowerBuoy systems plus hybrid products, subsea battery systems, and supporting software, controls, sensors, integration, and marine installation services.
Targets off-grid offshore use cases: Its PB3 PowerBuoy system is designed to generate power for use independent of the power grid in offshore locations, supported by distributed offshore power and communications for remote surface and subsea applications.

Bear case

Profitability is still highly negative: The latest reported gross margin and operating margin are negative, indicating the business has not yet reached sustainable profitability in the period reported.
Execution risk tied to pipeline conversion: Because the offering includes systems and marine installation, results depend on successfully moving projects from pipeline into delivered products and services.

Valuation — source: SEC EDGAR (first-party)
Price	$0.19
Market Cap	$51.41M
Price / Book	4.12
Price / Sales	13.76
FCF Yield	-48.2%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$3.74M
Net Margin	-1308.9%
Revenue Growth (YoY)	-36.2%
EPS Growth (YoY)	47.1%
FCF Growth (YoY)	29.5%

Financial Health — source: SEC EDGAR
Altman Z-Score	-15.63 (distress)

Valuation vs Sector & Industry
Sector P/E (Utilities)	20.8
Industry P/E (Utilities)	20.1

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	VANGUARD CAPITAL MANAGEMENT LLC ($3.00M)
Institutional Holders Tracked	10

Company
Sector	Utilities
Industry	Utilities
CEO	Philipp Stratmann
Employees	43
Country	US
IPO Date	2007-04-25

Related Companies (Business model: Regulated Utility (Electric / Gas); 8 closest by market cap; US-domiciled)

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.