Ocean Power Technologies stock gains 9 percent as split reshapes trading

Ocean Power Technologies, Inc. (US67500T1043) closed at USD 2.30 on Nasdaq on September 21, 2026, gaining 9.00 percent from the prior close. The latest trading data also show a 52-week range of USD 1.75 to USD 21.60, market capitalization of USD 621.32 million and volume of 429,773 shares as of September 21, 2026.

Reverse split changes the share count

The most concrete corporate event in the latest coverage is a 1-for-30 reverse split effective after the market closed on September 13, 2026. According to MarketBeat on September 22, 2026, the adjustment began trading on September 14, 2026, converting 100 pre-split shares into three shares.

The split does not by itself change the company value, but it materially changes the per-share history. That distinction matters because the current USD 2.30 quote and the USD 21.60 52-week high are displayed after the split, while older per-share comparisons may not be directly comparable without adjustment.

Revenue pressure remains visible

Ocean Power Technologies reported fiscal third-quarter 2026 revenue of USD 513,000, according to Investing.com on September 20, 2026. Revenue fell 37.5 percent year over year and missed the reported estimate of USD 1.70 million by 69.82 percent, while EPS was negative USD 0.06 versus an estimate of negative USD 0.05.

The same fiscal third-quarter update cited expected fiscal-year 2026 revenue growth of 37 percent, linked to PowerBuoy integration with Anduril and autonomous docking solutions. The contrast between the USD 513,000 quarterly revenue figure and the 37 percent full-year growth expectation leaves execution and delivery timing as the key operating variables.

Stock remains far below yearly high

At USD 2.30 on September 21, 2026, the stock was USD 19.30 below its 52-week high of USD 21.60 and USD 0.55 above its 52-week low of USD 1.75. The same session recorded volume of 429,773 shares, compared with average volume of 287,832 shares, while the market capitalization stood at USD 621.32 million.

MarketBeat lists a consensus price target of USD 45.00 and a consensus rating of Buy as of September 22, 2026, based on three recorded ratings. That target is not a forecast by this article; it is a displayed third-party consensus figure and implies a large gap to the September 21 closing price.

OPTT closes at USD 2.30

Ocean Power Technologies stock closed at USD 2.30 on Nasdaq on September 21, 2026, after the 9.00 percent daily gain. The quote remains closer to the 52-week low of USD 1.75 than to the 52-week high of USD 21.60.

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