What is HC Wainwright’s Estimate for OPTT FY2026 Earnings?

Ocean Power Technologies, Inc. (NASDAQ:OPTT) – Stock analysts at HC Wainwright issued their FY2026 earnings per share estimates for shares of Ocean Power Technologies in a research note issued to investors on Thursday, December 18th. HC Wainwright analyst S. Joshi forecasts that the energy company will post earnings per share of ($0.18) for the year. HC Wainwright has a “Buy” rating and a $1.50 price objective on the stock. HC Wainwright also issued estimates for Ocean Power Technologies’ FY2027 earnings at ($0.13) EPS, FY2028 earnings at ($0.08) EPS, FY2029 earnings at ($0.05) EPS and FY2030 earnings at $0.00 EPS.

Several other equities analysts have also commented on OPTT. Zacks Research raised shares of Ocean Power Technologies to a “hold” rating in a report on Friday, September 26th. LADENBURG THALM/SH SH started coverage on shares of Ocean Power Technologies in a report on Wednesday, September 24th. They set a “buy” rating and a $1.50 price target for the company. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1.50.

Ocean Power Technologies Stock Up 3.9%

OPTT stock opened at $0.35 on Friday. Ocean Power Technologies has a 52 week low of $0.29 and a 52 week high of $1.75. The business has a 50-day simple moving average of $0.45 and a 200 day simple moving average of $0.51. The company has a market cap of $67.96 million, a PE ratio of -1.10 and a beta of 2.33.

Ocean Power Technologies (NASDAQ:OPTT) last released its earnings results on Monday, December 15th. The energy company reported ($0.06) earnings per share for the quarter. Ocean Power Technologies had a negative net margin of 304.91% and a negative return on equity of 97.03%. During the same period in the prior year, the company earned ($0.04) EPS.

Institutional Trading of Ocean Power Technologies

Institutional investors have recently added to or reduced their stakes in the stock. Abich Financial Wealth Management LLC acquired a new stake in shares of Ocean Power Technologies during the 3rd quarter worth approximately $25,000. JPMorgan Chase & Co. increased its stake in shares of Ocean Power Technologies by 31,555.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 68,693 shares of the energy company’s stock worth $33,000 after purchasing an additional 68,476 shares during the last quarter. Baader Bank Aktiengesellschaft lifted its holdings in Ocean Power Technologies by 349.2% during the second quarter. Baader Bank Aktiengesellschaft now owns 100,000 shares of the energy company’s stock valued at $47,000 after purchasing an additional 77,738 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Ocean Power Technologies during the third quarter worth $73,000. Finally, Essex Investment Management Co. LLC purchased a new position in Ocean Power Technologies during the 3rd quarter valued at about $103,000. 11.93% of the stock is currently owned by institutional investors.

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.