Ocean Power Technologies is trading at $2.03 (+5.18%) now after September 14 leadership changes targeting faster commercial execution and backlog conversion.
- Philipp Stratmann left as CEO; Tracy Pagliara became acting CEO, and Jason Weed was appointed COO.
- First-quarter results showed revenue growth and a larger backlog, alongside a substantial adjusted loss.
- Technology sector is up 1.51% pre-market, supporting risk appetite.