Traders Purchase High Volume of Call Options on Ocean Power Technologies (NASDAQ:OPTT)

Posted by George Bondi on Jun 5th, 2026

Ocean Power Technologies, Inc. (NASDAQ:OPTT – Get Free Report) saw some unusual options trading on Friday. Stock investors acquired 8,324 call options on the stock. This represents an increase of 212% compared to the typical volume of 2,664 call options.

Wall Street Analysts Forecast Growth

Separately, LADENBURG THALM/SH SH upgraded Ocean Power Technologies to a “strong-buy” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $1.50.

Get Our Latest Report on OPTT

Ocean Power Technologies Stock Performance

Shares of OPTT traded down $0.09 on Friday, reaching $0.30. The stock had a trading volume of 18,109,612 shares, compared to its average volume of 9,719,384. The firm has a market capitalization of $67.27 million, a price-to-earnings ratio of -0.92 and a beta of 2.53. The company has a 50-day simple moving average of $0.36 and a 200-day simple moving average of $0.40. Ocean Power Technologies has a 12-month low of $0.29 and a 12-month high of $0.90.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Ocean Power Technologies by 8.6% in the 3rd quarter. Vanguard Group Inc. now owns 6,935,047 shares of the energy company’s stock valued at $3,495,000 after purchasing an additional 549,308 shares during the period. Geode Capital Management LLC lifted its stake in shares of Ocean Power Technologies by 15.2% in the 2nd quarter. Geode Capital Management LLC now owns 1,796,592 shares of the energy company’s stock valued at $853,000 after purchasing an additional 236,542 shares during the period. Connective Capital Management LLC purchased a new position in shares of Ocean Power Technologies in the 3rd quarter valued at approximately $593,000. Royal Bank of Canada lifted its stake in shares of Ocean Power Technologies by 1,383,331.4% in the 1st quarter. Royal Bank of Canada now owns 705,550 shares of the energy company’s stock valued at $247,000 after purchasing an additional 705,499 shares during the period. Finally, Hamilton Capital Partners LLC bought a new position in Ocean Power Technologies during the 4th quarter valued at approximately $91,000. Hedge funds and other institutional investors own 11.93% of the company’s stock.

Ocean Power Technologies Company Profile

(Get Free Report)

Ocean Power Technologies, Inc (NASDAQ: OPTT) is a renewable energy company that develops and commercializes systems to harness clean, reliable power from ocean waves. Headquartered in Pennington, New Jersey, the company’s core focus is on the design, engineering and deployment of its proprietary PowerBuoy® wave energy converter. By capturing the mechanical motion of surface waves and converting it into electrical energy, Ocean Power Technologies aims to deliver environmentally sustainable power solutions for offshore and remote operations.

The company’s primary product line, the PowerBuoy®, employs a point‐absorber design in which a floating buoy moves relative to a seabed‐anchored spar.