🟢 Ocean Power Technologies is trading 5.7% up today after CEO transition targeting commercial execution

Ocean Power Technologies is trading 5.7% up now at $2.04 as investors continue reacting to September 14 leadership changes.

• Philipp Stratmann stepped down as CEO, Tracy Pagliara became acting CEO, and Jason Weed was appointed COO.
• Management emphasized commercial execution, backlog conversion and revenue growth.
• The move follows a sharp recent rebound after the reverse split and heightened volatility.