Ocean Power Technologies will discuss business performance and future prospects in a fireside chat on May 6, 2025.
Quiver AI Summary
Ocean Power Technologies, Inc. (OPT) announced it will participate in a fireside chat on May 6, 2025, at 11 a.m. ET, where CEO Dr. Philipp Stratmann will discuss the company's recent performance and future prospects. The event aims to strengthen the company's engagement with the investor community, although there will be no Q&A session. A replay will be available on OPT's investor website. OPT specializes in low-carbon marine power solutions and services for various industries, offering products like their PowerBuoy® platforms and WAM-V® unmanned surface vehicles. The company is headquartered in Monroe Township, New Jersey, with an additional office in Richmond, California.
Potential Positives
- Participation in a fireside chat demonstrates the company's commitment to transparency and engagement with the investor community.
- Dr. Philipp Stratmann, the President and CEO, will discuss recent performance and future prospects, which can enhance investor confidence.
- The event presents an opportunity for the company to highlight its innovative solutions in the low-carbon marine power sector.
Potential Negatives
- The lack of a question-and-answer session may limit investor engagement and transparency regarding the company's performance and future prospects.
- The reliance on forward-looking statements emphasizes uncertainty and potential risks, which could lead to decreased investor confidence.
- The press release does not provide specific details about recent performance, which may leave investors wanting more concrete information about the company's current standing.
FAQ
What is the date and time of the upcoming fireside chat?
The fireside chat is scheduled for May 6, 2025, at 11 a.m. ET.
Who will be speaking at the fireside chat?
Dr. Philipp Stratmann, President and CEO of Ocean Power Technologies, will be speaking.
Will there be a question-and-answer session during the chat?
No, there will be no question-and-answer session at this event.
Where can I find the replay of the presentation?
A replay will be available in the "Events and Presentations" section of the OPT website.
What services does Ocean Power Technologies provide?
OPT offers low-carbon marine power solutions, data services, and unmanned surface vehicles for various sectors.
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 2 times in the past 6 months. Of those trades, 2 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:
- TERENCE JAMES CRYAN purchased 100,000 shares for an estimated $14,800
- PETER E. SLAIBY purchased 35,000 shares for an estimated $6,713
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$OPTT Hedge Fund Activity
We have seen 27 institutional investors add shares of $OPTT stock to their portfolio, and 13 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACKROCK, INC. added 2,240,713 shares (+388.1%) to their portfolio in Q1 2025, for an estimated $1,021,316
- SUSQUEHANNA INTERNATIONAL GROUP, LLP added 1,970,634 shares (+inf%) to their portfolio in Q4 2024, for an estimated $2,010,046
- VANGUARD GROUP INC added 1,470,761 shares (+83.6%) to their portfolio in Q4 2024, for an estimated $1,500,176
- SARGENT INVESTMENT GROUP, LLC added 328,000 shares (+164.0%) to their portfolio in Q4 2024, for an estimated $334,560
- GEODE CAPITAL MANAGEMENT, LLC added 264,382 shares (+35.3%) to their portfolio in Q4 2024, for an estimated $269,669
- J.W. COLE ADVISORS, INC. added 215,140 shares (+inf%) to their portfolio in Q1 2025, for an estimated $98,060
- STATE STREET CORP added 181,100 shares (+92.3%) to their portfolio in Q4 2024, for an estimated $184,722
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
MONROE TOWNSHIP, N.J., May 05, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that as part of the Company's ongoing commitment to connecting with the investor community, it will participate in a fireside chat on Tuesday May 6, 2025, at 11 a.m. ET.
Dr. Philipp Stratmann, President and Chief Executive Officer for OPT, will discuss recent performance and progress and future prospects regarding the OPT business. Please note there will be no question-and-answer session.
To register for this event, click the following link:
Register Now
A replay of the presentation will be available under "Events and Presentations" in the Investors section of the OPT website at
investors.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
The Fireside Chat 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. 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.
