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

Ocean Power Technologies, Inc. (NASDAQ:OPTT) – Equities research analysts at HC Wainwright lowered their FY2026 earnings per share (EPS) estimates for Ocean Power Technologies in a research note issued to investors on Thursday, March 19th. HC Wainwright analyst S. Joshi now anticipates that the energy company will post earnings of ($0.20) per share for the year, down from their prior forecast of ($0.18). HC Wainwright has a “Buy” rating and a $1.50 price target on the stock. HC Wainwright also issued estimates for Ocean Power Technologies’ Q4 2026 earnings at ($0.04) EPS, FY2027 earnings at ($0.12) EPS, FY2028 earnings at ($0.07) EPS and FY2029 earnings at ($0.04) EPS.

Separately, LADENBURG THALM/SH SH upgraded shares of Ocean Power Technologies to a “strong-buy” rating in a report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $1.50.

Ocean Power Technologies Price Performance

Shares of OPTT opened at $0.34 on Monday. The firm’s 50 day moving average is $0.44 and its 200-day moving average is $0.45. Ocean Power Technologies has a 12-month low of $0.29 and a 12-month high of $0.90. The stock has a market capitalization of $77.35 million, a P/E ratio of -1.06 and a beta of 2.56.

Hedge Funds Weigh In On Ocean Power Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC increased its stake in Ocean Power Technologies by 15.2% in the 2nd quarter. Geode Capital Management LLC now owns 1,796,592 shares of the energy company’s stock worth $853,000 after purchasing an additional 236,542 shares in the last quarter. JPMorgan Chase & Co. grew its position in 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 in the last quarter. Essex Investment Management Co. LLC purchased a new position in Ocean Power Technologies during the 3rd quarter worth approximately $103,000. Abich Financial Wealth Management LLC acquired a new stake in Ocean Power Technologies during the 3rd quarter valued at $25,000. Finally, Vanguard Group Inc. raised its stake in Ocean Power Technologies by 8.6% during the 3rd quarter. Vanguard Group Inc. now owns 6,935,047 shares of the energy company’s stock valued at $3,495,000 after purchasing an additional 549,308 shares during the period. Institutional investors and hedge funds own 11.93% of the company’s stock.

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.