Ocean Power Technologies Issues $16.5M Convertible Notes

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Ocean Power Technologies ( (OPTT) ) has shared an announcement.

On May 15, 2025, Ocean Power Technologies entered into a securities purchase agreement with institutional investors to issue and sell convertible notes up to $25 million, which can be converted into common stock. By October 7, 2025, the company had issued $16.5 million in notes, enhancing its financial position and potentially impacting its market operations and stakeholder interests.

The most recent analyst rating on (OPTT) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on Ocean Power Technologies stock, see the OPTT Stock Forecast page.

Spark’s Take on OPTT Stock

According to Spark, TipRanks’ AI Analyst, OPTT is a Neutral.

Ocean Power Technologies faces significant financial challenges, with negative profitability and cash flow issues being the most impactful factors. While technical indicators show some positive momentum, the stock’s valuation is unattractive due to negative earnings and no dividend yield. The lack of earnings call and corporate events data limits further insights.

To see Spark’s full report on OPTT stock, click here.

More about Ocean Power Technologies

Ocean Power Technologies, Inc. operates in the renewable energy industry, focusing on the development and commercialization of innovative ocean energy solutions. The company primarily offers products and services related to wave energy conversion technologies, aiming to provide sustainable power generation options for various market sectors.

Average Trading Volume: 6,247,282

Technical Sentiment Signal: Buy

Current Market Cap: $121.9M

For a thorough assessment of OPTT stock, go to TipRanks’ Stock Analysis page.

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