Latest Ocean Power Technologies News & Updates

See the latest news and media coverage for OPT. We track all announcements, press releases, and industry mentions in real time, all in one place.

Ocean Power Technologies (OPT)

Autonomous maritime systems and renewable ocean energy provider

oceanpowertechnologies.com

Headquarters: Monroe Township, United States
Founded year: 1994
Company type: Public company
Number of employees: 90–200
Industry: Renewable Energy Equipment & Services

Last updated Today

Latest news about Ocean Power Technologies (OPT)

In short: OPT showcased WAM-Vs at REPMUS 2026, grew backlog, transitioned leadership, and launched a strategic review amid a $48.9M net loss.

Company announcements

September 30 OPT

OPT vessels integrate with US command and control

During REPMUS 2026, OPT's WAM-V classes operated within U.S. command structures, emphasizing operational integration over standalone demonstrations.

September 21 OPT

Ocean Power Technologies operates WAM-V vessels at REPMUS 2026 exercise

Three WAM-V classes supported five missions including surveillance and mine countermeasures for the U.S. Navy in Portugal, integrating with command systems.

September 14 OPT

OPT changes leadership to drive commercial execution and backlog conversion

Dr. Philipp Stratmann steps down as CEO. Tracy Pagliara becomes Acting CEO and President, while Jason Weed is appointed COO to oversee operations and sales.

August 21 OPT

OPT discloses a going concern qualification in its latest annual audit

The filing addresses audit findings for the fiscal year ending April 2026 and complies with NYSE American reporting requirements.

Media coverage

September 15 Yahoo Finance

Ocean Power Technologies grows defense footprint as backlog rises in fiscal Q1

Ocean Power Technologies Inc (NYSE-A:OPTT) reported first-quarter fiscal 2027 revenue of $1.7...

September 14 Yahoo Finance

Ocean Power Technologies Stratmann steps down as CEO; Pagliara named acting chief executive

Ocean Power Technologies Inc (NYSE-A:OPTT) said Wednesday that Dr. Philipp Stratmann has stepped...

September 8 Stock Titan

Ocean Power Technologies (NYSE American: OPTT) lines up new stock-and-warrant deal amid going-concern warning

OPTT plans a best-efforts equity and warrant raise for working capital as auditors flag substantial doubt about its ability to continue as a going concern...

August 20 Intellectia

Intellectia

Uncertainty Disclaimer: While the ... and does not guarantee any agreements or transactions, highlighting the uncertainties and risks involved in the exploration process. ... Contract...

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