Ocean Power Technologies (NASDAQ:OPTT) Trading Up 9% – Time to Buy?

Posted by Alanna Baker on Sep 21st, 2026

Shares of Ocean Power Technologies, Inc. (NASDAQ:OPTT – Get Free Report) rose 9% during trading on Monday . The company traded as high as $2.2989 and last traded at $2.30. Approximately 148,612 shares traded 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.

Wall Street Analyst Weigh In

Separately, HC Wainwright restated a “buy” rating on shares of Ocean Power Technologies in a report 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 issued a Hold rating to the company’s stock. According to data from MarketBeat, Ocean Power Technologies has a consensus rating of “Buy” and a consensus price target of $45.00.

Get Our Latest Research Report on Ocean Power Technologies

Ocean Power Technologies Stock Up 9.2%

The stock has a market capitalization of $622.67 million, a PE ratio of -7.20 and a beta of 2.60. The stock has a fifty day moving average of $5.09 and a 200-day moving average of $8.43.

Institutional Investors Weigh In On Ocean Power Technologies

An institutional investor recently bought a new position in Ocean Power Technologies stock. Private Advisor Group LLC acquired a new position in shares of Ocean Power Technologies, Inc. (NASDAQ:OPTT – Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 100,000 shares of the energy company’s stock, valued at approximately $35,000. 11.93% of the stock is owned by institutional investors and hedge funds.

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.