What is HC Wainwright’s Estimate for OPTT Q1 Earnings?

Ocean Power Technologies, Inc. (NASDAQ:OPTT) – Stock analysts at HC Wainwright issued their Q1 2027 EPS estimates for Ocean Power Technologies in a research report issued on Tuesday, July 28th. HC Wainwright analyst S. Joshi forecasts that the energy company will post earnings per share of $0.03 for the quarter. HC Wainwright currently has a “Buy” rating on the stock. HC Wainwright also issued estimates for Ocean Power Technologies’ Q2 2027 earnings at $0.03 EPS, Q3 2027 earnings at $0.03 EPS, Q4 2027 earnings at $0.03 EPS and FY2031 earnings at $0.03 EPS.

Separately, LADENBURG THALM/SH SH upgraded shares of Ocean Power Technologies to a “strong-buy” rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Ocean Power Technologies has an average rating of “Buy” and an average price target of $1.50.

Ocean Power Technologies Trading Up 4.4%

Shares of OPTT opened at $0.15 on Wednesday. The company’s fifty day simple moving average is $0.27 and its 200 day simple moving average is $0.36. Ocean Power Technologies has a 1-year low of $0.13 and a 1-year high of $0.72. The company has a market cap of $34.62 million, a price-to-earnings ratio of -0.47 and a beta of 2.57.

Institutional Trading of Ocean Power Technologies

Hedge funds have recently made changes to their positions in the business. Connective Capital Management LLC bought a new position in shares of Ocean Power Technologies during the 3rd quarter worth approximately $593,000. Virtu Financial LLC bought a new stake in Ocean Power Technologies in the 3rd quarter valued at $73,000. Private Advisor Group LLC bought a new stake in Ocean Power Technologies in the 1st quarter valued at $35,000. Royal Bank of Canada lifted its holdings in Ocean Power Technologies by 1,383,331.4% during the 1st quarter. Royal Bank of Canada now owns 705,550 shares of the energy company’s stock valued at $247,000 after purchasing an additional 705,499 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings 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 valued at $33,000 after purchasing an additional 68,476 shares during the last quarter. 11.93% of the stock is owned by institutional investors and hedge funds.

About Ocean Power Technologies

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.