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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 (OPT) has been awarded a $1 million follow-on contract to continue developing its autonomous surface vehicle technologies for the US military.</li><li>This contract will allow OPT to further develop its autonomous maritime technologies, making them more durable and effective for supporting the US military and its allies.</li><li>This will facilitate a system of systems (SoS) commercial off-the-shelf offering that can penetrate the maritime environment with flexible, adaptable, and full-spectrum unmanned solutions.</li></ul>

Ocean Power Technologies (OPT) has been awarded a $1 million follow-on contract to continue developing its autonomous surface vehicle technologies for the US military.This contract will allow OPT to further develop its autonomous maritime technologies, making them more durable and effective for supporting the US military and its allies.This will facilitate a system of systems (SoS) commercial off-the-shelf offering that can penetrate the maritime environment with flexible, adaptable, and full-spectrum unmanned solutions.

Ocean Power Technologies, Inc. - AI-Powered PowerBuoy and Unmanned Vehicles Make Waves

<ul><li>Ocean Power Technologies reported 4QFY24 revenue of $1.6 million, up 60% Y/Y from $1.0 million in 4QFY23, driven by sales of WAM-V autonomous vehicles and the contract with the Department of Energy.</li><li>The company has an order backlog of $4.9 million, with a pipeline of $71.6 million as of April 30, 2024, and expects FY25 contracted orders to be $12.5 million, double from last year.</li><li>The pipeline consists of 30-40% WAM-Vs, while 50% of the pipeline is PowerBuoys.</li></ul>

Ocean Power Technologies reported 4QFY24 revenue of $1.6 million, up 60% Y/Y from $1.0 million in 4QFY23, driven by sales of WAM-V autonomous vehicles and the contract with the Department of Energy.The company has an order backlog of $4.9 million, with a pipeline of $71.6 million as of April 30, 2024, and expects FY25 contracted orders to be $12.5 million, double from last year.The pipeline consists of 30-40% WAM-Vs, while 50% of the pipeline is PowerBuoys.

Ocean Power Technologies, Inc. - 4QFY24 Results: Profitability in Sight in FY25

<ul><li>OPT has partnered with Unique Group, a UAE-based subsea technology company that aims to deploy OPT’s USVs in the UAE and GCC region.</li><li>The partnership aims to develop a new GCC-specific USV model (WAM-V 22) that adheres to local safety regulations and prioritizes environmental efficiency.</li><li>OPT, a developer of low-carbon marine power solutions, signed an OEM agreement with Teledyne Marine, a supplier of maritime equipment.</li></ul>

OPT has partnered with Unique Group, a UAE-based subsea technology company that aims to deploy OPT’s USVs in the UAE and GCC region.The partnership aims to develop a new GCC-specific USV model (WAM-V 22) that adheres to local safety regulations and prioritizes environmental efficiency.OPT, a developer of low-carbon marine power solutions, signed an OEM agreement with Teledyne Marine, a supplier of maritime equipment.

Ocean Power Technologies, Inc. - Wins on Multiple Fronts

Pioneer Power Solutions  / Equity Bottom-Up

<ul><li>The WTR Sustainable Index was down 0.7% W/W versus the S&amp;P 500 Index (down 0.1%), the Russell 2000 Index (up 1.3%), and the Nasdaq Index (down 0.1%).</li><li>Energy Technology (14.2% of the index) was down by 2.7%, while Industrial Climate and Ag Technology (60.5% of the index) was down 0.4%, ClimateTech Mining was down 6.2%, and Advanced Transportation Solutions (19.7% of index) was down 0.2%.</li><li>Top 10 Performers: HLGN, OPTT, EOSE, ARVL, LTBR, NVVE, EGT, ENVX, FFIE, LICY</li></ul>

The WTR Sustainable Index was down 0.7% W/W versus the S&amp;P 500 Index (down 0.1%), the Russell 2000 Index (up 1.3%), and the Nasdaq Index (down 0.1%).Energy Technology (14.2% of the index) was down by 2.7%, while Industrial Climate and Ag Technology (60.5% of the index) was down 0.4%, ClimateTech Mining was down 6.2%, and Advanced Transportation Solutions (19.7% of index) was down 0.2%.Top 10 Performers: HLGN, OPTT, EOSE, ARVL, LTBR, NVVE, EGT, ENVX, FFIE, LICY

Sustainable Investing Surveyor - Focus on Pioneer Power Solutions, Inc. (PPSI) July 2, 2024

<ul><li>OPT has entered into a teaming agreement with a major international defense contractor to offer OPT’s Merrows suite of solutions in specific international regions.</li><li>The partnership aims to improve maritime domain awareness through OPT’s Maritime Domain Awareness Solution (MDAS).</li><li>The agreement grants the defense contractor exclusive rights to sell MDAS in certain areas. </li></ul>

OPT has entered into a teaming agreement with a major international defense contractor to offer OPT’s Merrows suite of solutions in specific international regions.The partnership aims to improve maritime domain awareness through OPT’s Maritime Domain Awareness Solution (MDAS).The agreement grants the defense contractor exclusive rights to sell MDAS in certain areas. 

Ocean Power Technologies, Inc. - Announces MDAS Agreement...

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)

Ocean Power Technologies, Inc. - AI-Powered PowerBuoy and Unmanned Vehicles Make Waves

Ocean Power Technologies (OPT) has been awarded a $1 million follow-on contract to continue developing its autonomous surface vehicle technologies...

Water Tower Research

Ocean Power Technologies, Inc. - 4QFY24 Results: Profitability in Sight in FY25

The company has an order backlog of $4.9 million, with a pipeline of $71.6 million as of April 30, 2024, and expects FY25 contracted orders to be...

Water Tower Research

Ocean Power Technologies, Inc. - Wins on Multiple Fronts

OPT has partnered with Unique Group, a UAE-based subsea technology company that aims to deploy OPT’s USVs in the UAE and GCC region.

Water Tower Research

Sustainable Investing Surveyor - Focus on Pioneer Power Solutions, Inc. (PPSI) July 2, 2024

The WTR Sustainable Index was down 0.7% W/W versus the S&P 500 Index (down 0.1%), the Russell 2000 Index (up 1.3%), and the Nasdaq Index (down 0.1%).

Water Tower Research

Ocean Power Technologies, Inc. - Announces MDAS Agreement...

OPT has entered into a teaming agreement with a major international defense contractor to offer OPT’s Merrows suite of solutions in specific...

Water Tower Research

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