Zacks Investment Research recently initiated the coverage of Ocean Power Technologies, Inc. (OPTT) with a “Neutral” recommendation, highlighting the company’s emerging strengths and the substantial execution risks it faces.Ocean Power, a developer of autonomous maritime solutions based in New Jersey, has posted a record-high backlog of $7.5 million, driven by the global demand for its AI-enabled PowerBuoy and WAM-V platforms. This has reached a milestone for the company, underscoring growing interest from d ...