Ocean Power Technologies (NASDAQ:OPTT) Shares Up 9% – Should You Buy?

Posted by Brenda Bartman on Sep 23rd, 2026

Ocean Power Technologies, Inc. (NASDAQ:OPTT – Get Free Report)’s share price traded up 9% during mid-day trading on Monday . The company traded as high as $2.2989 and last traded at $2.30. 148,612 shares changed hands during mid-day trading, a decline of 48% from the average daily volume of 285,890 shares. The stock had previously closed at $2.11.

Analyst Upgrades and Downgrades

Separately, HC Wainwright restated a “buy” rating on shares of Ocean Power Technologies in a research note on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $45.00.

View Our Latest Stock Report on OPTT

Ocean Power Technologies Stock Down 7.8%

The firm has a market capitalization of $19.09 million, a P/E ratio of -6.62 and a beta of 2.60. The firm has a 50 day moving average of $4.93 and a 200-day moving average of $8.29.

Institutional Trading of Ocean Power Technologies

An institutional investor recently bought a new position in Ocean Power Technologies stock. Private Advisor Group LLC purchased a new position in Ocean Power Technologies, Inc. (NASDAQ:OPTT – Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 100,000 shares of the energy company’s stock, valued at approximately $35,000. Institutional investors and hedge funds own 11.93% of the company’s stock.

Ocean Power Technologies Company Profile

(Get Free Report)

Ocean Power Technologies, Inc develops ocean-based renewable energy and autonomous maritime technology. The company’s systems are designed to provide persistent power and communications for offshore applications, including maritime security, ocean observation, defense, offshore energy and environmental monitoring.

Its primary product is the PB3 PowerBuoy, a wave-powered platform that generates electricity from ocean-wave motion and can support onboard sensors, communications equipment and other payloads.