FY2026 Earnings Estimate for OPTT Issued By HC Wainwright

Ocean Power Technologies, Inc. (NASDAQ:OPTT) – Analysts at HC Wainwright decreased 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 expects that the energy company will post earnings of ($0.20) per share for the year, down from their previous estimate of ($0.18). HC Wainwright has a “Buy” rating and a $1.50 price target 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 upgraded shares of Ocean Power Technologies to a “strong-buy” rating in a research note on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $1.50.

Ocean Power Technologies Price Performance

NASDAQ:OPTT opened at $0.34 on Monday. The stock’s 50-day moving average is $0.44 and its two-hundred day moving average is $0.45. The stock has a market cap of $77.35 million, a PE ratio of -1.06 and a beta of 2.56. Ocean Power Technologies has a fifty-two week low of $0.29 and a fifty-two week high of $0.90.

Institutional Investors Weigh In On Ocean Power Technologies

Several institutional investors have recently made changes to their positions in OPTT. Abich Financial Wealth Management LLC acquired a new position in Ocean Power Technologies in the third quarter worth approximately $25,000. JPMorgan Chase & Co. lifted its stake in shares of Ocean Power Technologies by 31,555.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 68,693 shares of the energy company’s stock valued at $33,000 after purchasing an additional 68,476 shares during the last quarter. Virtu Financial LLC bought a new stake in Ocean Power Technologies in the third quarter worth $73,000. Hamilton Capital Partners LLC acquired a new position in Ocean Power Technologies during the fourth quarter worth $91,000. Finally, Essex Investment Management Co. LLC bought a new position in Ocean Power Technologies during the third quarter valued at about $103,000. 11.93% of the stock is currently owned by institutional investors and hedge funds.

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.