Ocean Power Technologies, Inc. (NYSE: OPTT) shares fell as morning became afternoon on Friday. The compamy, a leader of maritime operational infrastructure and autonomous ocean systems, today announced that Tracy Pagliara, Acting Chief Executive Officer, and Jason Weed, Chief Operating Officer, will participate in a rescheduled fireside chat hosted by Water Tower Research on Monday, November 2, 2026, at 2:00 p.m. Eastern Time.
The discussion will cover OPT’s leadership transition, strategic priorities, and focus on execution, including converting backlog and commercial opportunities into revenue. Management will also discuss defense opportunities, recent operational developments, and the role of OPT’s PowerBuoy® systems and modular WAM-V® unmanned surface vehicles in supporting customer requirements.
Additional topics will include gross margin improvement, cost discipline, funding growth, and key fiscal year 2027 milestones for investors to monitor.
OPTT shares lost two cents, or 5.3%, to 40 cents.
