Markets· August 17, 2026 at 01:23 p.m.
Ocean Power Technologies Reviews Strategic Alternatives for Growth
Key takeaways
- Ocean Power Technologies is exploring strategic alternatives
- Bowen is the financial advisor for this process
- The goal is to maximize value for shareholders
Ocean Power Technologies Inc (NYSE-A:OPTT) has initiated a review of strategic alternatives to maximize value for its shareholders. The company, which specializes in intelligent maritime technologies, has retained Bowen as its financial advisor for this process. The Board is considering various options that could boost growth, expand market access, and strengthen the company's financial position. According to Joseph Diguardo, acting chairman of OPT, the increased demand for maritime technologies makes this an opportune time for such a review.
