Ocean Power Technologies Inc (OPTT) saw a price increase of 7.44% in pre-market trading, as the stock crossed above its 20-day SMA. This movement occurs amid a mixed market environment, with the Nasdaq-100 up 0.14% and the S&P 500 down 0.01%.
The rise in OPTT's stock price is attributed to sector rotation, as investors are shifting their focus towards renewable energy stocks, despite the slight decline in the broader market. This trend suggests a growing interest in companies involved in sustainable technologies, which may be benefiting from recent policy discussions around green energy initiatives.
As the market continues to evolve, Ocean Power Technologies Inc may find itself well-positioned to capitalize on these trends, especially if it can leverage its innovative technologies in the renewable energy sector.
Wall Street analysts forecast OPTT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for OPTT is 1.50 USD with a low forecast of 1.50 USD and a high forecast of 1.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
Wall Street analysts forecast OPTT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for OPTT is 1.50 USD with a low forecast of 1.50 USD and a high forecast of 1.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 0.635
Low
1.50
Averages
1.50
High
1.50
Current: 0.635
Low
1.50
Averages
1.50
High
1.50
Ladenburg
NULL -> Buy
initiated
$1.50
2025-09-24
Reason
Ladenburg
Price Target
$1.50
AI Analysis
2025-09-24
initiated
NULL -> Buy
Reason
Ladenburg initiated coverage of Ocean Power with a Buy rating and $1.50 price target.
About OPTT
Ocean Power Technologies, Inc. provides ocean data collection and reporting, marine power, offshore communications and domain awareness services products, and integrated solutions. The Company focuses on three major service areas: Data as a Service (DaaS), which includes data collected by its Wave Adaptive Modular Vessel (WAM-V) autonomous vehicles or its PowerBuoy product lines; Robotics as a Service (RaaS), which provides a lower cost subscription model for its customers to access use of its WAM-Vs, and Power as a Service (PaaS), which includes its PowerBuoy and subsea battery products. The Company's solutions are primarily suited to ocean and other offshore environments, and support generation of actionable intelligence on a standalone basis. The Company offers its products and services to a wide range of customers, including those in government and offshore energy, oil and gas, construction, science and research, wind power, and other industries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
