Ocean Power Technologies is trading 11.22% down now at $1.82 after investors continued digesting its September 14 fiscal 2027 first-quarter results, leadership shakeup, and board review of strategic alternatives.
- The quarterly loss substantially exceeded expectations.
- The CEO departure and strategic review highlighted execution and financial-position concerns.
- The decline follows a 24.91% drop on September 15 after the prior session’s reverse-split-adjusted surge.