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Ocean Power Technologies Inc (OPTT)
AMEXIndustrialsSpecialty Industrial MachinerySnapshot 2026-06-16
Watch· this week
$0.28-1.88%
Close 2026-06-16 · 1-day change
Recent financial performance sits well below its industry cohort — worth keeping an eye on, though it has not freshly broken.
The bottom line
Recent financial performance is weak, and management's recent track record has been unsteady, with frequent disruptive corporate changes. The company was unprofitable over the past year, so its earnings quality can't be assessed, and it trades below typical for sector peers. Peer multiples imply a price about 304% below where it trades (it looks expensive on this basis); the read is rich. Key factors to watch include any guidance cuts from OPTT and the performance of sector bellwethers like GEV, ETN, and PH. This read is provisional.
as of 2026-06-16
Quick facts
- Exchange
- AMEX
- Sector
- Industrials
- Industry
- Specialty Industrial Machinery
- Market cap
- $73.28M
- Employees
- —
- IPO date
- 2006-11-13
- Next earnings
- —
Price
Daily closes. Earnings/event dots are placed inline.
Adjusted daily closes (split & dividend). Scroll over the chart to zoom; click a range to reset.
EarningsMaterial event
What's priced in
(what the market already expects)What it's worth (estimated)
A consensus fair price across 1 valuation methods, at three horizons. Current price $0.28. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
12-month· primaryexpensive
$0.07consensus
Range $0.07 – $0.07
vs price: +304% above
Method agreement — · 1 method
No-growth: today's peer multiple on trailing earnings. The headline read.
3-yearexpensive
$0.15consensus
Range $0.15 – $0.15
vs price: +93% above
Method agreement — · 1 method
Embeds projected growth. Leans optimistic by design. Upside context.
5-yearfull
How much to trust our fair value
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
Optionality premiumlow confidence
At $0.28, OPTT's earnings are too small for P/E to mean much; on sales it trades at 13× p/s (4.0× the 3× p/s peer median). At a normal multiple the price implies ~305% near-term growth vs our ~-23% forecast. That gap is an optionality premium a financial-multiple model can't price — our $0.07 fair value covers only the as-is business, low confidence. Not investment advice.
Multiple (P/S)
13.2x
peer 3.3x · own history —
Premium
4.0x peer
Growth the price needs
305%
our forecast -23%
Our fair value
$0.07
range $0.07 – $0.07
WhyPeer anchor understates a real premiumOptionality our model can't price
How this stock is priced
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
Long-term · 1–3 yr
expensiverich12-month view
What's priced inUnjustified
The market is pricing in roughly 305% near-term growth, well above our forecast of about -23%. This describes what's priced in, not a forecast of the move.
TTM earnings are negative, so the read leans on sales- and cash-flow-based methods rather than P/E. This is a data condition, not a forward call.
Low fragilityrisk posture, not a price call
Only expensive valuation — not the full expensive x weak x turbulent stack. Regime (Mania) does not concentrate fragility.
Historical context
How strong is the business
(quality & execution)Factor signals
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Recent financial performance
weakOperating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Industrials names rated weak grew net income 58% of the time over the next year (vs 62% for the rest of the cohort, n=3678).
10th pctl · Industrials
Earnings quality
loss makingOver the trailing year it converted 0.66x of net income into operating cash flow.
Macro sensitivity
Not enough signal yet.
Management & capital allocation
volatile15 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Industrials names rated volatile grew net income 59% of the time over the next year (vs 59% for the rest of the cohort, n=840).
22nd pctl · Industrials
Earnings setup & market context
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
Earnings setup · pre-print positioning
forward-looking
Neutral1 analysts, 100% Buyfor period ending 2026-07-31
Why this setup
Consensus revisions
EPS estimate $-0.03 → $-0.03 (+0.0% / 30d). 0 raised, 0 cut, 1 covering analysts.
Rating actions
0 upgrades, 0 downgrades / 30d. 100% of analysts rate Buy.
Material events
0 positive, 0 negative / 30d.
Sector context
Intermediate · Weeklyheadwind-4.1%sector vs S&P 500, 60d
via XLI
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
Management scorecard
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Long-term · 1–3 yr
Overall: weakProvisional
- Capital allocation
- weak
- Margin discipline
- weak
- Balance sheet
- weak
- Post-call reaction
- weak
A guidance track record builds as the company issues and delivers on guidance.
as of 2026-06-16
How bumpy is the path
(risk while you hold it)Risk: how this stock moves
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
Intermediate · WeeklyLong-term · 1–3 yr
Not enough price history for this read.
How much price usually moves either way.
Not enough price history for this read.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $3,550.
Deepest peak-to-trough drop in the last year.
elevatedas of 2026-06-16
Past results, not a forecast. Not investment advice.
What would change the read
(catalysts & re-read triggers)What changed
The most important moves since the prior daily snapshot.
Short-term · Daily
- No material changes since the prior snapshot.
No material changes since the prior snapshot.
as of 2026-06-16
What to watch next
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Intermediate · Weekly
- UpsideMedium confidenceMonthsactive 4d
Watch for completion of equity issuance
Why it matters: Getting funding is important for operations. A successful issuance will help future growth.
What confirms / what disproves
Confirms:The company has issued 25 million shares. This process was successful.
Disproves:The equity issuance fails or is delayed beyond the expected timeline.
Management priorities
News catalysts
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for OPTT yet.
What could change this view
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Intermediate · Weekly
Upside triggers
- If sector bellwethers like GEV, ETN, and PH keep beating earnings and guiding higher, the Industrials sector momentum should keep lifting OPTT and other Industrials names. Worth watching these names for early signals.
- If OPTT raises forward guidance on the next earnings call (currently NEW as of 2026-03-13), that's a momentum boost. Street estimates typically follow guidance up and the stock tends to re-rate higher.
Downside triggers
- If OPTT cuts guidance on the next call (currently NEW as of 2026-03-13), that's a meaningful negative. The Street tends to walk down estimates and the stock usually takes a leg lower.
- If sector bellwethers like GEV, ETN, and PH start missing or guiding lower, the Industrials tailwind helping OPTT and other Industrials names could fade. Watch these names for early warning.
- If GDP growth slows materially from the current 2.6% (say, below 2%), it hits OPTT and other Industrials names harder than the average stock, since the sector is growth-sensitive.
Recent events
(material 8-K / filing activity)Material updates
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
- 2026-06-089d agoItem 1.01
Entry into a Material Definitive Agreement. On June 4, 2026, Ocean Power Technologies, Inc. (the “Company”) entered into a securities purchase agreement (the “Securities Purchase Agreement”) with those institutional accredited investors identified on the signature page thereto (the “Purchasers”) pursuant to which the Company offered for sale to the Purchasers an aggregate of 25,000,000 shares of the Company’s common stock, par value $0.001 per share (the “common stock”), together with common…
Capital allocationneutral
Score history
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
-8.0 vs last weeklatest as of 2026-06-16
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.