Ocean Power Technologies is trading 5.1% down today at $0.21 following disappointing fiscal 2026 earnings results where the company missed both EPS and revenue forecasts.
- The company reported a significant 37.5% year-over-year revenue decline, which has overshadowed a sharply growing backlog that suggests potential future demand.
- Shares remain under pressure due to weak near-term results and high volatility, even as broader technology indices trade higher today.