NYSEAMERICAN:OPTT

NYSEAMERICAN:OPTT - Ocean Power Technologies Inc

SPECULATIVE BUY [CAP] SPECULATIVE BUY?OPPORTUNISTIC BUYAnalysis generated 2026-11-14Market data as of 2026-11-13Market data 2 days oldUSD 0.32

Conviction

out of 100

Executive Summary

[object Object]

Business Model

Research in progress.

Financial Snapshot

Price

USD 0.32

Market Cap

USD 2.9m

52w High

USD 21.60

52w Low

USD 0.30

Distance from 52wH

-98.5%

Beta

3.00

Avg Volume

1238549

Currency

USD

Recent Catalysts

Public sentiment (score 15/100, NEUTRAL): Key themes: Government or defence contract momentum via selection as potential awardee under $40M US Navy IDIQ for autonomous ocean mapping, Backlog surges noted in March 2026 earnings call, Earnings miss with reported EPS of -0.05 EUR versus estimate of -0.02 EUR and deepening losses, No meaningful revenue as pre-revenue company with ongoing net losses, Capital runway and dilution risk from reliance on equity markets for funding as disclosed in SEC filing risk factors, Liquidity and spread risk due to low daily trading volume on Frankfurt exchange. Ocean Power Technologies shows defence contract momentum through the $40M Navy IDIQ award and backlog growth but remains pre-revenue with deepening losses. The investment thesis is tempered by filing-disclosed capital runway and dilution risk from ongoing equity funding needs. No material insider activity is evidenced in the input.

Thesis Evaluation

Bull Case (17% weight)

Bull case narrative unavailable: the source analysis did not carry a labelled Bull Case. This report predates the scenario-label validation and needs regeneration.

Base Case (50% weight)

Base case narrative unavailable: the source analysis did not carry a labelled Base Case. This report predates the scenario-label validation and needs regeneration.

Bear Case (33% weight)

Bear case narrative unavailable: the source analysis did not carry a labelled Bear Case. This report predates the scenario-label validation and needs regeneration.

Weighted conviction:Bull (17%) x 100 + Base (50%) x 62 + Bear (33%) x 10 = 49/100. SPECULATIVE BUY.

Key Risks

Under review.

Who Should Own It / Avoid It

Under review.

Recommendation

SPECULATIVE BUY - 49/100. Conviction Score: 49/100.

Entry levels under review.

Conviction Trend

Latest conviction: 49/100. Trend versus prior report: Up.

CONVICTION BUY (80+)BUY (65 - 79)OPP BUY (50 - 64)SPEC BUY (30 - 49)AVOID (0 - 29)

Report date	Conviction
2026-11-14	49
2026-08-14	29

See the trade-card view →

Sources

Market data: DYOR HQ proprietary market data workflow.

Public sentiment and news flow: Public news flow, company presentations, and web research.

Primary source types: Company filings, investor presentations, and regulatory announcements where referenced.

Key sources

Analysis generated 2026-11-14. Market data as of 2026-11-13.