Ocean Power Technologies (NASDAQ:OPTT) Stock Price Up 9% – What’s Next?

Posted by Joseph Casey on Sep 21st, 2026

Shares of Ocean Power Technologies, Inc. (NASDAQ:OPTT – Get Free Report) traded up 9% 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 session volume of 285,890 shares. The stock had previously closed at $2.11.

Analysts Set New Price Targets

Separately, HC Wainwright reiterated a “buy” rating on shares of Ocean Power Technologies in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $45.00.

Read Our Latest Stock Report on OPTT

Ocean Power Technologies Trading Up 9.2%

The company has a market capitalization of $622.67 million, a PE ratio of -7.20 and a beta of 2.60. The company’s 50 day moving average price is $5.09 and its 200-day moving average price is $8.43.

Institutional Trading of Ocean Power Technologies

A hedge fund recently raised its position in Ocean Power Technologies stock. Royal Bank of Canada lifted its position in shares of Ocean Power Technologies, Inc. (NASDAQ:OPTT – Free Report) by 1,383,331.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 705,550 shares of the energy company’s stock after purchasing an additional 705,499 shares during the period. Royal Bank of Canada owned about 0.31% of Ocean Power Technologies worth $247,000 as of its most recent SEC filing. 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.