Research from Water Tower Research, Water Tower Research

Water Tower Research

Research from Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

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Equity Bottom-Up

Ocean Power Technologies / Equity Bottom-Up

<ul><li>Ocean Power Technologies, Inc. (NYSE American: OPTT) delivers an extensive range of ocean-intelligence solutions using advanced autonomous systems and specialized software. </li><li>The company has transformed from a wave energy developer into an integrated provider of ocean intelligence solutions, combining PowerBuoy® persistent power stations, Wave Adaptive Modular Vessel (WAM-V®) unmanned surface vehicles (USVs), and the AI-capable Merrows™ command and control system.</li><li>This integrated approach addresses critical gaps in maritime domain awareness for defense, offshore energy, and ocean research markets in the US as well as overseas.</li></ul>

Ocean Power Technologies, Inc. (NYSE American: OPTT) delivers an extensive range of ocean-intelligence solutions using advanced autonomous systems and specialized software. The company has transformed from a wave energy developer into an integrated provider of ocean intelligence solutions, combining PowerBuoy® persistent power stations, Wave Adaptive Modular Vessel (WAM-V®) unmanned surface vehicles (USVs), and the AI-capable Merrows™ command and control system.This integrated approach addresses critical gaps in maritime domain awareness for defense, offshore energy, and ocean research markets in the US as well as overseas.

OPTT: Backlog Booming with Strategic Transformation to Commercial Operations

Thematic (Sector/Industry)

<ul><li>Considering the recent US military intervention in Venezuela (Operation Absolute Resolve) on January 3, we expect a significant surge in small drone purchases.</li><li> The key is a shift to “Near Abroad” operations. Note that the Venezuela action signals a pivot to the Western Hemisphere.</li><li>Operations in this region often involve urban environments or dense jungles, likely relying heavily on small, portable drones for intelligence, surveillance, and reconnaissance (ISR) and precision strikes to minimize “prolonged engagement” and casualties.</li></ul>

Considering the recent US military intervention in Venezuela (Operation Absolute Resolve) on January 3, we expect a significant surge in small drone purchases. The key is a shift to “Near Abroad” operations. Note that the Venezuela action signals a pivot to the Western Hemisphere.Operations in this region often involve urban environments or dense jungles, likely relying heavily on small, portable drones for intelligence, surveillance, and reconnaissance (ISR) and precision strikes to minimize “prolonged engagement” and casualties.

Tech Talk: US Drones Get Another Boost : US Military Action in Venezuela Points to More Drone Sales

<ul><li>The WTR Sustainable Index was up 3.4% W/W versus the S&amp;P 500 Index (up 5.7%), the Russell 2000 Index (up 1.8%) and the Nasdaq Index (up 7.4%).</li><li>Energy Technology (12.6% of the index) was up 1.6%, while Industrial Climate and Ag Technology (45.7% of the index) was up 5.0%, ClimateTech Mining was up 1.1%, and Advanced Transportation Solutions (21.5% of the index) was up 3.3%.</li><li>Top 10 Performers: ALTA, FGPHF, AVL, VGAS, VIHD, LNZA, FHYD, OPTT, GWTI, LIDR</li></ul>

The WTR Sustainable Index was up 3.4% W/W versus the S&amp;P 500 Index (up 5.7%), the Russell 2000 Index (up 1.8%) and the Nasdaq Index (up 7.4%).Energy Technology (12.6% of the index) was up 1.6%, while Industrial Climate and Ag Technology (45.7% of the index) was up 5.0%, ClimateTech Mining was up 1.1%, and Advanced Transportation Solutions (21.5% of the index) was up 3.3%.Top 10 Performers: ALTA, FGPHF, AVL, VGAS, VIHD, LNZA, FHYD, OPTT, GWTI, LIDR

Sustainable Investing Surveyor Focus on Blue Biofuels (BIOF): Breaks Ground in Florida

<ul><li>The WTR Sustainable Index was up 0.5% W/W versus the S&amp;P 500 Index (down 0.2%), the Russell 2000 Index (down 0.3%) and the Nasdaq Index (up 0.1%).</li><li>Energy Technology (13.3% of index) was down 1.2%, while Industrial Climate and Ag Technology (46.6% of index) was up 0.3%, ClimateTech Mining was up 0.4%, and Advanced Transportation Solutions (21.7% of index) was up 2.0%.</li><li>Top 10 Performers: FGPHF, AZRE, CRE, LTBR, NVVE, OPTT, AMSC, TGEN, VLI, ELBM</li></ul>

The WTR Sustainable Index was up 0.5% W/W versus the S&amp;P 500 Index (down 0.2%), the Russell 2000 Index (down 0.3%) and the Nasdaq Index (up 0.1%).Energy Technology (13.3% of index) was down 1.2%, while Industrial Climate and Ag Technology (46.6% of index) was up 0.3%, ClimateTech Mining was up 0.4%, and Advanced Transportation Solutions (21.7% of index) was up 2.0%.Top 10 Performers: FGPHF, AZRE, CRE, LTBR, NVVE, OPTT, AMSC, TGEN, VLI, ELBM

Weekly Sustainable Investing Surveyor - February 10, 2025

<ul>
<li>The WTR Sustainable Index was up 1.3% W/W versus the S&amp;P 500 Index (up 1.1%), the Russell 2000 Index (up 1.2%) and the Nasdaq Index (up 0.7%).</li>
<li>Energy Technology (14.1% of the index) was up 1.4%, while Industrial Climate and Ag Technology (47.7% of the index) was down 0.1%, ClimateTech Mining was up 2.5%, and Advanced Transportation Solutions (20.7% of index) was up 3.0%.</li>
<li>
<strong>Top 10 Performers</strong>: OPTT, KULR, ALLIF, ACHR, BLDE, FCEL, INVZ, <span style="font-size: var(--content-font-size);">EGT, AMMP, NRGV</span>
</li>
</ul>


The WTR Sustainable Index was up 1.3% W/W versus the S&amp;P 500 Index (up 1.1%), the Russell 2000 Index (up 1.2%) and the Nasdaq Index (up 0.7%).
Energy Technology (14.1% of the index) was up 1.4%, while Industrial Climate and Ag Technology (47.7% of the index) was down 0.1%, ClimateTech Mining was up 2.5%, and Advanced Transportation Solutions (20.7% of index) was up 3.0%.

Top 10 Performers: OPTT, KULR, ALLIF, ACHR, BLDE, FCEL, INVZ, EGT, AMMP, NRGV



Sustainable Investing Surveyor Focus on Stardust Power, Inc. (SDST)

United States

Ocean Power Technologies, Inc. manufactures equipment that generates electricity from the motion of ocean waves. The Company develops wave energy technology and converts ocean waves energy into electricity. Ocean Power Technologies serves customers worldwide.

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Ocean Power Technologies (OPTT US)

OPTT: Backlog Booming with Strategic Transformation to Commercial Operations

Ocean Power Technologies, Inc. (NYSE American: OPTT) delivers an extensive range of ocean-intelligence solutions using advanced autonomous systems...

Water Tower Research

Tech Talk: US Drones Get Another Boost : US Military Action in Venezuela Points to More Drone Sales

Considering the recent US military intervention in Venezuela (Operation Absolute Resolve) on January 3, we expect a significant surge in small...

Water Tower Research

Sustainable Investing Surveyor Focus on Blue Biofuels (BIOF): Breaks Ground in Florida

The WTR Sustainable Index was up 3.4% W/W versus the S&P 500 Index (up 5.7%), the Russell 2000 Index (up 1.8%) and the Nasdaq Index (up 7.4%).

Water Tower Research

Weekly Sustainable Investing Surveyor - February 10, 2025

The WTR Sustainable Index was up 0.5% W/W versus the S&P 500 Index (down 0.2%), the Russell 2000 Index (down 0.3%) and the Nasdaq Index (up 0.1%).

Water Tower Research

Sustainable Investing Surveyor Focus on Stardust Power, Inc. (SDST)

The WTR Sustainable Index was up 1.3% W/W versus the S&P 500 Index (up 1.1%), the Russell 2000 Index (up 1.2%) and the Nasdaq Index (up 0.7%).

Water Tower Research

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