0.42
-2.75%
Close of 9 Nov 2026, in USD
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About Ocean Power Technologies
From its filings with the US Securities and Exchange Commission
Ocean Power Technologies is based in Monroe Township, New Jersey and is incorporated in New Jersey. Its shares trade on NYSE under the ticker OPTT. The SEC classifies its business as electric services. In the fiscal year to 30 April 2026, it reported revenue of $3.7m and a net loss of $48.9m. At that date it held total assets of $39.9m and shareholders' equity of $12.5m.
(AUVSI) headquarters in Washington, D.C., which serves to strengthen our strategic position in the fast-growing uncrewed systems market.
Security (U.S. and allies): Monitoring territorial waters, preventing smuggling, piracy, and terrorism.
Operations: Securing shipping lanes, port infrastructure, offshore energy assets, data gathering for permitting and more.
Acoustics: Identifies underwater sound signatures from sources such as submarines, divers, and marine life.
Sonar: Emits and receives sound pulses to locate and track underwater objects and terrain.
Modems: Enables underwater data transmission between sensors and platforms over medium ranges.
Processing: Utilizes onboard AI and machine learning to analyze data locally, prioritize key findings, and reduce transmission loads.
Correlation: Integrates inputs from undersea, surface, and aerial platforms to generate a unified operational picture.
Alerts: Flags high-priority events, such as unauthorized intrusions, suspicious underwater activity, or infrastructure tampering.
Border and Coastal Security: Monitoring unauthorized vessel activity, trafficking, and maritime incursions.
Quoted from its 10-K, filed 19 Aug 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Industrials
- Industry
- Electrical Equipment
- Listed since
- 31 Oct 2003
- Employees
- 65
- Website
- oceanpowertechnologies.com ↗
- Head office
- 28 ENGELHARD DRIVE, MONROE TOWNSHIP, NJ, 08831
- Incorporated in
- NJ
- Classification
- Electric Services
- Filer status
- Non-accelerated filer<br>Smaller reporting company
Leadership
Pay as last reported
- Mr. Terence CryanIndependent Chairman of the Board$1.5m
- Mr. Philipp StratmannPresident, Chief Executive Officer, Director, since 2021$6.0m
- Mr. Robert PowersChief Financial Officer, Senior Vice President$2.8m
- Mr. Tracy PagliaraSenior Vice President, General Counsel, Secretary$2.7m
- Mr. Clyde HewlettIndependent Director$642,499
- Ms. Diana PurcelIndependent Director$1.0m
- Mr. Peter SlaibyIndependent Director$697,276
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Strong technological expertise: Ocean Power Technologies Inc. possesses advanced engineering capabilities and technical knowledge in the field of ocean wave energy.
- Innovative product offering: The company has developed cutting-edge PowerBuoy systems that efficiently capture and convert wave energy into electricity, providing a sustainable and reliable energy solution.
- Established track record: Ocean Power Technologies Inc. has successfully deployed and operated numerous PowerBuoy systems worldwide, gaining valuable experience and a solid reputation within the industry.
Weaknesses
- High production costs: Developing and manufacturing PowerBuoy systems involve significant expenses, resulting in higher product prices compared to traditional energy sources.
- Limited scalability: The scalability of ocean wave energy projects is currently constrained due to technological limitations and the need for large-scale infrastructure investments.
- Uncertain regulatory environment: Ocean Power Technologies Inc. operates in a highly regulated industry, making it susceptible to changes in government policies and licensing requirements.
Opportunities
- Growing demand for renewable energy: As the world shifts towards clean energy sources, the demand for sustainable and carbon-neutral power generation methods is increasing, providing significant opportunities for ocean wave energy companies.
- Collaborative partnerships: Ocean Power Technologies Inc. can explore strategic alliances and partnerships with other renewable energy companies, research institutions, or government entities to leverage resources and accelerate technological advancements.
- International expansion: Expanding operations into new markets with favorable regulatory frameworks and abundant wave resources can help Ocean Power Technologies Inc. tap into additional revenue streams and broaden its customer base.
Threats
- Competition from other renewable energy technologies: Ocean Power Technologies Inc. faces intense competition from alternative renewable energy sources such as solar and wind power, which have achieved greater market penetration and cost competitiveness.
- Economic and financial uncertainties: The company's growth and profitability may be impacted by economic factors, market fluctuations, availability of financing, and investment in research and development.
- Environmental constraints and sensitivities: The use of ocean wave energy systems may pose potential environmental risks, necessitating compliance with strict environmental regulations and public acceptance.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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