Ocean Power Technologies is trading at $0.17 (-7.73%) following a weak reaction to its July 23 earnings update and broader pressure from a soft technology tape.
- Revenue for fiscal 2026 fell to $4.1 million, missing previous growth trajectories.
- The company posted a significant net loss of $44.8 million, weighing heavily on investor sentiment.
- Shares are facing additional downward pressure from a broader selloff across the technology sector.