Research from Water Tower Research, Water Tower Research

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.

Research from Water Tower Research

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Equity Bottom-Up

Ocean Power Technologies / Equity Bottom-Up

<ul><li>Ocean Power Technologies, Inc. (OPT) reported 3QFY26 results and hosted an earnings call with analysts (see inside this report for summary for analyst Q&amp;A).</li><li>OPT is an integrated provider of ocean intelligence solutions, combining PowerBuoy® persistent power stations, 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. (OPT) reported 3QFY26 results and hosted an earnings call with analysts (see inside this report for summary for analyst Q&amp;A).OPT is an integrated provider of ocean intelligence solutions, combining PowerBuoy® persistent power stations, 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: 3QFY26 Results; Record $19.9-Million Backlog