Ladenburg Thalmann initiated coverage on Ocean Power Tech with a new price target
$OPTT
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Ladenburg Thalmann initiated coverage of Ocean Power Tech with a rating of Buy and set a new price target of $1.50
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/24/2025 | $1.50 | Buy | Ladenburg Thalmann |
4 - Ocean Power Technologies, Inc. (0001378140) (Issuer)
4 - Ocean Power Technologies, Inc. (0001378140) (Issuer)
4 - Ocean Power Technologies, Inc. (0001378140) (Issuer)
Ocean Power Technologies Backlog Surges 184%Drives Accelerating Growth Outlook MONROE TOWNSHIP, N.J., Sept. 15, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE:OPTT), today announced financial results for its fiscal first quarter ("1Q26") Highlights include: 1Q26 RESULTS Backlog at July 31, 2025 was $15.0 million, a 184% increase over the 1Q25.Pipeline as of July 31, 2025 was $133.5 million, a 45% increase over the $92.0 million pipeline at April July 31, 2024.Cash operating expenses were consistent with the prior year's cash operating expense levels, with the year-over-year increase detailed below attributable to non-cash stock compensation expen
MONROE TOWNSHIP, N.J., Sept. 15, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE:OPTT) ("OPT" or the "Company"), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced it has entered into a strategic partnership with Gradient Marine ("GM"), a U.S.-based provider of advanced digital modeling, simulation, and hardware-in-the-loop environments. Through this collaboration, OPT will integrate GM's Virtual Maritime Picture (VMP) software to develop and deploy digital twins for OPT's flagship platforms, including the PowerBuoy® and WAM-V® autonomous surface vehicles. These digital models are expected to enable OPT and i
MONROE TOWNSHIP, N.J., Sept. 02, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE:OPTT), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that it will release earnings for its fiscal 2026 first quarter for the period ended July 31, 2025 after the market closes on Monday September 15, 2025. INDIVIDUAL MEETING INFORMATION In an effort to increase relations with institutional investors, OPT management has dedicated time to hosting individual meetings with portfolio managers and analysts. If you are interested in scheduling a meeting with OPT management, please contact: Email: InvestorRelati
4 - Ocean Power Technologies, Inc. (0001378140) (Issuer)
4/A - Ocean Power Technologies, Inc. (0001378140) (Issuer)
4/A - Ocean Power Technologies, Inc. (0001378140) (Issuer)
8-K - Ocean Power Technologies, Inc. (0001378140) (Filer)
10-Q - Ocean Power Technologies, Inc. (0001378140) (Filer)
8-K - Ocean Power Technologies, Inc. (0001378140) (Filer)
Ladenburg Thalmann initiated coverage of Ocean Power Tech with a rating of Buy and set a new price target of $1.50
MONROE TOWNSHIP, N.J., Feb. 10, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE:OPTT) ("OPT" or the "Company"), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced it will exhibit at NAVDEX in Abu Dhabi with Remah International Group ("RIG"), a privately held and UAE headquartered company with a focus on both military and civilian services. This follows OPT's appointment of RIG as its distributor for defense and security solutions in the UAE in late 2024. RIG, through its locally owned group of 48 companies, partners with industry leading solution providers globally like Red Cat and SAAB, to ensure the highest levels
MONROE TOWNSHIP, N.J., Jan. 17, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE:OPTT), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that concurrent with the completion of the Company's 2024 Annual Meeting of Stockholders on January 16, 2025, the OPT Board of Directors has appointed Natalie Lorenz-Anderson, Rear Admiral Joseph A. "Digger" DiGuardo and Rear Admiral Victorino "Vic" Mercado as Advisory Board Members. The Advisory Board Members will provide advice and recommendations to the OPT Board with respect to matters as the Board may from time-to-time request concerning operations, s
MONROE TOWNSHIP, N.J., Oct. 21, 2024 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE:OPTT) ("OPT" or the "Company"), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced it has signed a Distributor Agreement with Remah International Group ("RIG"), a privately held and UAE headquartered company with a focus on both military and civilian services. Through its locally owned group of 48 companies, RIG partners with esteemed solution providers globally, including Northrop Grumman and SAAB, to ensure the highest levels of service and product are supplied to the UAE. OPT and RIG will collaborate to promote, distribute, sell, and
MONROE TOWNSHIP, N.J., July 24, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE:OPTT), today announced financial results for its fiscal fourth quarter ("4Q25") and full-year ended April 30, 2025 ("FY25"). Highlights include: FY25 RESULTS and RECENT HIGHLIGHTS Backlog at April 30, 2025 was $12.5 million, a 158% increase over the prior year.Pipeline as of the date of this release stands at $137.5 million, an 88% increase over the $71.6 million pipeline at April 30, 2024.Operating expenses of $23.3 million for FY25 decreased $8.9 million, or 28%, versus $32.2 million for the year ended April 30, 2024.Revenues for FY25 of $5.9 million increased 6% over
MONROE TOWNSHIP, N.J., July 15, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE:OPTT), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that it will release earnings for its fiscal 2025 full year and fourth quarter ended April 30, 2025 after the market closes on Thursday July 24, 2025. CONFERENCE CALL AND WEBCAST INFORMATION A conference call to discuss OPT's financial results will be held on Friday July 25, 2025, at 9:00 AM EST. Philipp Stratmann, CEO, and Bob Powers, CFO, will host the call. The dial-in numbers for the conference call are 877-407-8291 or 201-689-8345.Live webcast: Web
MONROE TOWNSHIP, N.J., March 18, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE:OPTT), today announced financial results for the second quarter ended January 31, 2025 (Q3FY25). Q3FY25 Financial Highlights Backlog: $7.5 million, compared to the $3.3 million for the same period last year. Primarily driven by our previously announced new partner in Latin America which includes an initial $2.0 million of purchase orders for our Next Generation PowerBuoys® and $3.0 million of WAM-V® purchase orders. Revenue: $0.8 million, compared to $1.8 million for the same period last year.Operating expenses: $6.1 million, compared to $8.6 million for the same period
SC 13G/A - Ocean Power Technologies, Inc. (0001378140) (Subject)
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