Ocean Power Technologies (NASDAQ:OPTT) Sets New 1-Year High – What’s Next?

Posted by George Bondi on Sep 14th, 2026

Ocean Power Technologies, Inc. (NASDAQ:OPTT – Get Free Report) shares reached a new 52-week high on Monday . The stock traded as high as $3.19 and last traded at $3.1360, with a volume of 214 shares changing hands. The stock had previously closed at $0.1065.

Analysts Set New Price Targets

Separately, HC Wainwright restated a “buy” rating on shares of Ocean Power Technologies in a research report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Ocean Power Technologies has a consensus rating of “Buy” and an average target price of $1.50.

Get Our Latest Report on Ocean Power Technologies

Ocean Power Technologies Price Performance

The firm has a market capitalization of $761.79 million, a PE ratio of -9.11 and a beta of 2.60. The firm has a 50-day simple moving average of $0.19 and a 200-day simple moving average of $0.29.

Hedge Funds Weigh In On Ocean Power Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. grew its position in Ocean Power Technologies by 31,555.8% during the second quarter. JPMorgan Chase & Co. now owns 68,693 shares of the energy company’s stock valued at $33,000 after buying an additional 68,476 shares during the period. Private Advisor Group LLC purchased a new position in shares of Ocean Power Technologies during the 1st quarter worth $35,000. Virtu Financial LLC purchased a new position in shares of Ocean Power Technologies during the 3rd quarter worth $73,000. Squarepoint Ops LLC purchased a new position in shares of Ocean Power Technologies during the 3rd quarter worth $129,000. Finally, Royal Bank of Canada grew its position in shares of Ocean Power Technologies by 1,383,331.4% during the 1st quarter. Royal Bank of Canada now owns 705,550 shares of the energy company’s stock valued at $247,000 after acquiring an additional 705,499 shares during the period. 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 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.