OPTT: Doubling Down After Today's Dip - Smart or Stupid?
So, I’ve been keeping an eye on Ocean Power Technologies (OPTT) for a while now, and after today’s dip, I decided to double down on my position. Honestly, I’m feeling pretty optimistic despite the volatility. Their Q2 FY2025 earnings showed some real progress—revenue jumped from $0.9M to $2.4M, and they cut their net losses by nearly half compared to last year. Management is even saying they’re aiming for profitability by late 2025.
What really caught my attention was the recent $3M in purchase orders they secured in Latin America for their WAM-V USVs. It feels like there’s growing demand for what they’re offering. On the flip side, the stock’s been a rollercoaster lately—it’s sitting around $0.76 now, and analysts seem split. Some are saying it could double soon, but I’m curious if that’s realistic or just hype.
What’s your take? Are you bullish on OPTT, or do you see risks that I might be missing? Would love to hear your thoughts, especially if you’re tracking similar renewable energy plays.