Ocean Power Technologies, Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $63.8M
- Price
- $0.2587
- % Change (Daily % change from the live per-ticker quote feed.)
- +3.48%
- Volume
- 2.1M
Quote data as of 5:23 AM ET
About
Ocean Power Technologies, Inc. develops and commercializes proprietary systems that generate electricity by harnessing the renewable energy of ocean waves in North America, South America, Europe, and Asia. It offers PB3 PowerBuoy system that generates power for use independent of the power grid in offshore locations. The company also provides hybrid PowerBuoy products; subsea battery systems; and software, controls, sensors, integration services, and marine installation services. In addition, it offers distributed offshore power and communications for remote surface and subsea applications in markets, such as defense and security, offshore oil and gas, science and research, and offshore wind. Further, the company provides Wave Adaptive Modular Vessel (WAM-V) technology, which enables roaming capabilities for uncrewed maritime systems in waters; leases WAM-V robotics and access information; maritime domain awareness solutions; and strategic consulting services. Additionally, it offers offshore data collection, integration, analytics, and real time communication for various applications. The company serves public and private entities, and agencies that require remote offshore power. Ocean Power Technologies, Inc. was incorporated in 1984 and is headquartered in Monroe Township, New Jersey.
Quick stats
Shares outstanding255.2M
Computed float218.6M
Float sourceUnknown
Cash runway (months)-1.4
Dilution risk—
Has warrants—
Has convertibles—
Active shelf (Shelf registration (e.g. Form S-3) currently in effect — the company is pre-cleared to issue and sell new shares quickly. A standing dilution risk.)—
Active ATM (At-the-market offering — a program to sell newly issued shares directly into the open market at prevailing prices, diluting existing holders over time.)—
Key info
SectorIndustrials
IndustryElectrical Equipment & Parts
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001378140
AI Summary
AI-generated7d agominorbullishoperations updateOcean Power Technologies Expands International Maritime Security Engagements Across Europe
Ocean Power Technologies completed customer training and maritime drone handover activities in Italy and Greece to support the deployment of autonomous systems.
The company also participated in the 11th National Maritime Security Forum in Warsaw, engaging with government and military leaders on critical infrastructure protection.
Management noted that these activities reflect growing international interest in autonomous maritime technologies and OPT's expanding role in security efforts.