Ocean Power Technologies eyes profitability as military and commercial contracts heat up: analysts
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Ocean Power Technologies Inc (NYSE-A:OPTT) is projected to reduce losses and expand commercial opportunities in 2024, with a goal of reaching profitability by Q4 2025, according to Water Tower Research analysts.
December 10, 2024 | 4:00 pm
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Ocean Power Technologies is expected to reduce losses and expand commercial opportunities in 2024, aiming for profitability by Q4 2025.
The news highlights positive analyst expectations for OPTT, with a focus on reduced losses and commercial growth. The guidance of achieving profitability by Q4 2025 is a significant milestone, likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100