What is HC Wainwright’s Forecast for OPTT FY2026 Earnings?

Ocean Power Technologies, Inc. (NASDAQ:OPTT) – Research analysts at HC Wainwright reduced their FY2026 earnings per share (EPS) estimates for Ocean Power Technologies in a report issued on Thursday, March 19th. HC Wainwright analyst S. Joshi now anticipates that the energy company will post earnings per share of ($0.20) for the year, down from their previous estimate of ($0.18). HC Wainwright has a “Buy” rating and a $1.50 price objective on the stock. HC Wainwright also issued estimates for Ocean Power Technologies’ Q4 2026 earnings at ($0.04) EPS, FY2027 earnings at ($0.12) EPS, FY2028 earnings at ($0.07) EPS and FY2029 earnings at ($0.04) EPS.

Separately, LADENBURG THALM/SH SH raised shares of Ocean Power Technologies to a “strong-buy” rating in a research note on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $1.50.

Ocean Power Technologies Price Performance

Shares of Ocean Power Technologies stock opened at $0.37 on Monday. Ocean Power Technologies has a 1 year low of $0.29 and a 1 year high of $0.90. The firm has a market cap of $85.39 million, a price-to-earnings ratio of -1.17 and a beta of 2.56. The company has a 50-day moving average of $0.44 and a 200 day moving average of $0.45.

Hedge Funds Weigh In On Ocean Power Technologies

Several large investors have recently modified their holdings of the stock. Geode Capital Management LLC grew its position in Ocean Power Technologies by 15.2% during 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 last quarter. JPMorgan Chase & Co. raised its holdings in Ocean Power Technologies by 31,555.8% in the second quarter. JPMorgan Chase & Co. now owns 68,693 shares of the energy company’s stock worth $33,000 after buying an additional 68,476 shares during the last quarter. Essex Investment Management Co. LLC purchased a new position in Ocean Power Technologies in the third quarter worth about $103,000. Abich Financial Wealth Management LLC bought a new position in shares of Ocean Power Technologies in the third quarter worth approximately $25,000. Finally, Vanguard Group Inc. grew its holdings in shares of Ocean Power Technologies by 8.6% during the third quarter. Vanguard Group Inc. now owns 6,935,047 shares of the energy company’s stock valued at $3,495,000 after buying an additional 549,308 shares during the last quarter. Hedge funds and other institutional investors own 11.93% of the company’s stock.

Ocean Power Technologies Company Profile

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.