Ocean Power Technologies updates on global deployments, autonomous vehicle shipments, and progress in maritime autonomy infrastructure.
Quiver AI Summary
Ocean Power Technologies, Inc. (OPT) has announced an operational update detailing its international expansion and advancements in offshore autonomous infrastructure. The company has deployed a WAM-V® autonomous surface vehicle to Greece, enhancing its global operations in both defense and commercial maritime sectors. OPT is transitioning its integrated docking and charging program from prototype to a full scale, with plans to launch a commercial solution by 2026 that allows autonomous systems to recharge and redeploy in offshore environments. Additionally, improvements in autonomous navigation are being made through a partnership with Mythos AI, enhancing operational capabilities. CEO Philipp Stratmann emphasized the company's commitment to executing its plans for scalable maritime autonomy.
Potential Positives
- OPT has successfully shipped a WAM-V®, an autonomous surface vehicle, to Greece, expanding its international operational footprint and supporting ongoing customer operations.
- The transition of OPT’s integrated docking and charging program from prototype to full-scale build reflects significant advancements in the company's technology and infrastructure development.
- Collaboration with Mythos AI enhances the Company’s autonomous navigation and control capabilities, bolstering its position in the maritime autonomy sector.
- The planned launch of an early access commercial solution targeted for 2026 indicates OPT's commitment to innovation and meeting the needs of defense and commercial maritime markets.
Potential Negatives
- The press release includes numerous forward-looking statements, which may indicate uncertainty regarding the company's future performance and operational success.
- The reliance on assumptions and estimates in the forward-looking statements raises concerns about potential inaccuracies and risks that could materially affect actual results.
- There is no current revenue mentioned from deployments or contracts, which may suggest ongoing financial challenges for the company.
FAQ
What recent operational updates did Ocean Power Technologies provide?
Ocean Power Technologies reported on global deployments, including a WAM-V® delivery to Greece, and progress on its offshore autonomy infrastructure roadmap.
What is the purpose of the WAM-V® vehicle?
The WAM-V® vehicle supports ongoing customer operations and field activities in Greece, expanding OPT’s international operational presence.
What advancements has OPT made in autonomous systems?
OPT transitioned its docking and charging program to full-scale build, enabling autonomous docking, recharging, and redeployment for offshore operations.
How is OPT enhancing its navigation capabilities?
OPT is collaborating with Mythos AI to strengthen its autonomous navigation, improving perception and decision-making for maritime operations.
When is OPT's first commercial solution expected?
OPT targets the launch of its first early access commercial solution in 2026 to support persistent offshore autonomous operations.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$OPTT Insider Trading Activity
$OPTT insiders have traded $OPTT stock on the open market 4 times in the past 6 months. Of those trades, 4 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $OPTT stock by insiders over the last 6 months:
- PHILIPP STRATMANN (President and CEO) has made 3 purchases buying 18,037 shares for an estimated $6,704 and 0 sales.
- ROBERT PATRICK POWERS (CFO) purchased 14,723 shares for an estimated $4,999
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$OPTT Hedge Fund Activity
We have seen 24 institutional investors add shares of $OPTT stock to their portfolio, and 26 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- UBS GROUP AG added 1,557,100 shares (+1085.6%) to their portfolio in Q4 2025, for an estimated $467,130
- CONNECTIVE CAPITAL MANAGEMENT, LLC removed 1,178,217 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $353,465
- JANE STREET GROUP, LLC removed 588,763 shares (-45.5%) from their portfolio in Q4 2025, for an estimated $176,628
- RENAISSANCE TECHNOLOGIES LLC removed 485,617 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $145,685
- HAMILTON CAPITAL PARTNERS, LLC added 301,878 shares (+inf%) to their portfolio in Q4 2025, for an estimated $90,563
- MILLENNIUM MANAGEMENT LLC removed 268,883 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $135,436
- CAMBRIDGE INVESTMENT RESEARCH ADVISORS, INC. added 260,000 shares (+128.6%) to their portfolio in Q4 2025, for an estimated $78,000
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$OPTT Analyst Ratings
Wall Street analysts have issued reports on $OPTT in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- HC Wainwright & Co. issued a "Buy" rating on 12/18/2025
- Ladenburg Thalmann issued a "Buy" rating on 09/24/2025
To track analyst ratings and price targets for $OPTT, check out Quiver Quantitative's $OPTT forecast page.
$OPTT Price Targets
Multiple analysts have issued price targets for $OPTT recently. We have seen 2 analysts offer price targets for $OPTT in the last 6 months, with a median target of $1.5.
Here are some recent targets:
- Sameer Joshi from HC Wainwright & Co. set a target price of $1.5 on 12/18/2025
- Glenn Mattson from Ladenburg Thalmann set a target price of $1.5 on 09/24/2025
Full Release
MONROE TOWNSHIP, N.J., Feb. 23, 2026 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (“OPT” or “the Company”) (NYSE American: OPTT) today provided an operational update highlighting continued global deployments and progress on its offshore autonomy infrastructure roadmap.
The Company has shipped a WAM-V ® , autonomous surface vehicle to Greece to support ongoing customer operations and field activity in the region. This deployment expands OPT’s international operational footprint and reflects continued engagement across defense and commercial maritime markets.
In parallel, OPT has transitioned its integrated docking and charging program from prototype to a full-scale build, including autonomous docking and redeployment.
The Company has placed orders for components to support system integration and open-water validation as it advances toward its first early access commercial solution targeted for launch in 2026. This capability is designed to enable autonomous systems to dock, recharge, and redeploy in support of persistent offshore operations and as part of a future maritime recharging network.
OPT has also continued to advance its autonomous navigation and control capabilities through its collaboration with Mythos AI. Recent progress has strengthened perception, decision-making, and autonomous functionality required for reliable, repeatable maritime operations in dynamic environments.
“Our focus remains on disciplined execution across deployments, government programs, and infrastructure development,” said Philipp Stratmann, Chief Executive Officer of Ocean Power Technologies. “We are advancing the core capabilities required to support scalable, persistent maritime autonomy for defense and commercial customers.”
For more information about Ocean Power Technologies, please visit www.OceanPowerTechnologies.com .
ABOUT OCEAN POWER TECHNOLOGIES
OPT provides intelligent maritime solutions and services that enable safer, cleaner, and more productive ocean operations for the defense and security, oil and gas, science and research, and offshore wind markets, including Merrows™, which provides AI-capable seamless integration of Maritime Domain Awareness Systems across platforms. Our PowerBuoy ® platforms provide clean and reliable electric power and real-time data communications for remote maritime and subsea applications. We also provide WAM-V ® unmanned surface vehicles (USV’s) and marine robotics services. The Company’s headquarters is located in Monroe Township, New Jersey and has an additional office in Richmond, California. To learn more, visit www.OceanPowerTechnologies.com.
FORWARD-LOOKING STATEMENTS
This release may contain forward-looking statements that are within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are identified by certain words or phrases such as "may", "will", "aim", "will likely result", "believe", "expect", "will continue", "anticipate", "estimate", "intend", "plan", "contemplate", "seek to", "future", "objective", "goal", "project", "should", "will pursue" and similar expressions or variations of such expressions. These forward-looking statements reflect the Company's current expectations about its future plans and performance. These forward-looking statements rely on a number of assumptions and estimates that could be inaccurate and subject to risks and uncertainties, including the ultimate success of the Company’s integrated docking and charging program and its collaboration with Mythos AI and the performance of the WAM-V ® shipped to Greece. Actual results could vary materially from those anticipated or expressed in any forward-looking statement made by the Company. Please refer to the Company's most recent Forms 10-Q and 10-K and subsequent filings with the U.S. Securities and Exchange Commission for further discussion of these risks and uncertainties. The Company disclaims any obligation or intent to update the forward-looking statements in order to reflect events or circumstances after the date of this release.
Contact Information
Investors: 203-561-6945 or
[email protected]
Media: 609-730-0400 x402 or
[email protected]
