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Ocean Power Techs

Ocean Power Technologies

Ocean Power Technologies Inc provides intelligent maritime solutions and services that enable safer, cleaner, and more productive ocean operations for the defense and security, oil and gas, science and research, and offshore wind markets. It provides ocean data collection and reporting, marine power, offshore communications, and Maritime Domain Awareness System (MDAS) products, integrated solutions, and consulting services. The company offers its products and services to a wide range of customers, including those in government and offshore energy, oil and gas, construction, wind power, and other industries. The company has operations in North and South America, Europe, Asia and Australia.

Ocean Power Technologies, Inc. Common Stock

Ocean Power Technologies Inc

WIIM

OPTT

Ocean Power Technologies shares are trading higher after the company announced it was awarded a contract to provide unmanned surface vehicles to a defense customer.

News

Contracts

Ocean Power Technologies Awarded Contract To Provide Unmanned Surface Vehicles To A Defense Customer, Terms Not Disclosed

Ocean Power Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OPTT#NYSE">OPTT</a>) ("OPT" or the "Company"), a leader in innovative, cost-effective, low-carbon and artificial intelligence maritime services that enable safer and more productive ocean operations and related power, data, and service solutions, today announced the shipment of a WAM-V&#xAE; 22' with autonomous capabilities designed to provide offshore surveys with 24/7 operational payloads for multiple days without requiring a return to base.

Ocean Power Technologies Ships Autonomous WAM-V 22 For Multi-Day Offshore Surveys

Ocean Power Technologies, Inc. (NYSE:<a href="https://www.benzinga.com/stock/OPTT#NYSE">OPTT</a>) ("OPT" or the "Company"), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced it has secured a contract from a new international government customer for a fully integrated WAM-V for near term delivery. This contract further increases the value delivered from the Company's previously announced expansion into certain regions, working with end customers and resellers. The vehicle will be assembled immediately and shipped to the customer. Training and services will be provided in-country.
Philipp Stratmann, CEO and President of OPT, expressed his enthusiasm about this contract, stating, "Securing this contract is testament to demand for our systems in the market. Recent efforts in Latin America and the Middle East are continuing to drive interest in our systems. We continue to convert pipeline to backlog and deliver further growth. We look forward to future deliveries and additional opportunities to deploy our assets to our customer base here in the United States and to our partners in Latin America, the Middle East, and other allied nations."

Ocean Power Technologies Secures A Contract From A New International Government Customer For A Fully Integrated WAM-V For Near Term Delivery

Shares of renewable energy company Ocean Power Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OPTT#NYSE">OPTT</a>) are <a href="https://www.benzinga.com/movers">trading higher in on Friday </a>after the company entered into a strategic distribution partnership with Elektron SAS, a Colombia-based expert in hydrographic and oceanographic systems. 
The deal <a href="https://www.benzinga.com/pressreleases/25/04/g44759413/ocean-power-technologies-signs-strategic-reseller-agreement-with-elektron-sas">includes a $4 million purchase agreement</a> for OPT's maritime technologies and will help the company gain a stronger foothold in Latin America.
Ocean Power&#8217;s technologies include WAM-V Unmanned Surface Vehicles, Next Generation PowerBuoy and the Merrows artificial intelligence platform.
&#8220;This agreement represents another key step forward in continuing to scale OPT&#8217;s global reseller network and unlocking additional high-growth markets,&#8221; said CEO Philipp Stratmann.
&#8220;Elektron&#8217;s expertise and trusted position in the region provide a strong channel to deploy our intelligent maritime solutions for our customers across the energy and security industries. This builds on our existing momentum in Latin America and advances our broader goal of global expansion through strategic partnerships.&#8221;
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The company aims to broaden its global reach and capitalize on regional growth opportunities through Elektron's established local presence and client network. 
Under the reseller agreement, Elektron will provide sales, integration, and technical support services for Ocean Power&#8217;s full product line.
Ocean Power Technologies offers advanced maritime solutions that support safer and more sustainable ocean operations in sectors such as defense, energy, research, and offshore wind.
The company expects <a href="https://www.benzinga.com/24/12/42294282/ocean-power-technologies-sees-strong-q2-revenue-growth-but-shares-drop-amid-losses-and-cash-burn-reduction">second-quarter revenue to surpass $2 million</a>, more than doubling from $0.9 million in the prior year.
Price Action: OPTT shares traded higher by 10.38% at $0.44 in premarket at last check Friday. 
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Photo: Shutterstock

General

Why Is Renewable Energy Provider Ocean Power Technologies Stock Rising Today?

Ocean Power Technologies shares are trading higher after the company announced it has signed a reseller agreement with Elektron.

MONROE TOWNSHIP, N.J., April 11, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OPTT#NYSE">OPTT</a>) ("OPT" or the "Company"), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced the signing of a reseller agreement with Elektron SAS ("Elektron"), a Cartegena, Colombia based specialist in hydrographic and oceanographic instrumentation services.
This partnership significantly expands OPT's commercial footprint across Latin America, leveraging Elektron's strong regional presence and deep relationships. Under the agreement, Elektron will offer sales, integration, and support services and includes a $4 million purchase commitment for OPT's full suite of intelligent maritime technologies, including the WAM-V&#xAE; Unmanned Surface Vehicles (USVs), the Next Generation PowerBuoy&#xAE;, and the AI-powered Merrows&#x2122; platform.

Ocean Power Technologies Signs Reseller Agreement With Elektron; Deal Includes $4M Purchase Commitment For OPT's Full Suite Of Intelligent Maritime Technologies

Ocean Power Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OPTT#NYSE">OPTT</a>) ("OPT" or the "Company"), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced the signing of a reseller agreement with Grava Hydrographic Solutions LLC ("Grava Hydro"), a U.S.-based specialist in hydrographic and oceanographic equipment integration and services.
Under the agreement, Grava Hydro will expand the availability, sales, and support of OPT's Unmanned Surface Vehicles (USVs), the Wave Adaptive Modular Vessels (WAM-V&#xAE;), throughout the United States.

Ocean Power Technologies Signs Reseller Agreement With Grava Hydrographic Solutions To Expand U.S. Sales And Support Of Its Wave Adaptive Modular Vessels Unmanned Surface Vehicles

Ocean Power Technologies, Inc. ("OPT" or the "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OPTT#NYSE">OPTT</a>), a leader in innovative and sustainable ocean energy solutions, today announced that it remains fully operational and strategically positioned to navigate ongoing global supply chain challenges, thanks to its majority domestic supply chain and resilient workforce.
In light of recent global developments impacting international logistics and raw material availability, OPT confirms that its current inventory levels and procurement practices remain unaffected. The Company does not anticipate any material impact on inventory costs and continues to fulfill customer commitments on schedule.

Ocean Power Technologies Announces It Remains Fully Operational And Strategically Positioned To Navigate Ongoing Global Supply Chain Challenges

Ocean Power Technologies, Inc. ("OPT" or "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OPTT#NYSE">OPTT</a>), a leader in innovative maritime solutions, today announced the sale of a Wave Adaptive Modular Vessel (WAM-V&#xAE;) to a new customer in Latin America, for an onshore mining industry application, marking a significant expansion into a new industry.
This latest sale underscores OPT's commitment to delivering cutting-edge autonomous surface vessel (ASV) technology to industries beyond its traditional markets. The customer, whose identity remains undisclosed for confidentiality reasons, operates in the mining sector and will utilize the WAM-V&#xAE; for bathymetry surveys related to the mining industry. This application demonstrates the WAM-V&#xAE; adaptability to evolving needs both offshore and onshore.
"This sale represents a major milestone for OPT as we continue to expand the applications of our WAM-V&#xAE; technology across new industries and geographies," said Philipp Stratmann, CEO at Ocean Power Technologies. "The flexibility and reliability of the WAM-V&#xAE; platform makes it an ideal solution for a broad range of missions and industries. We are excited to support our new Latin American partner with state-of-the-art autonomous technology tailored to their operational needs. Whether you are operating onshore or offshore, as long as there is a need for a floating system, OPT is ready to support your projects."
The WAM-V&#xAE; is renowned for its stability, lightweight design, and modular architecture, allowing for quick adaptation to a variety of mission requirements. Its ability to launch from almost anywhere and operate in a range of sea conditions with minimal environmental impact makes it an attractive choice for industries seeking cost-effective and efficient ASV solutions.

Ocean Power Technologies Announces The Sale Of A Wave Adaptive Modular Vessel To A New Customer In Latin America, For An Onshore Mining Industry Application, Marking Expansion Into A New Market

Ocean Power Technologies, Inc. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/OPTT#AMEX">OPTT</a>) shares are moving higher on Monday after the company announced it was awarded a contract for the deployment of <a href="https://www.benzinga.com//node/44456046">its AI-integrated Powerbuoy.</a>
What To Know: The contract includes the deployment of a Powerbuoy off the U.S. East Coast and enables future integration of surface and subsea sensors. Further details remain confidential due to the deal&#8217;s nature.
Philipp Stratmann, CEO and President of Ocean Power, said, &#8220;In addition to the material growth of our WAM-V&nbsp;business, we are excited to continue growing our PowerBuoy&nbsp;business. We believe that providing persistent and resident monitoring offers a lot of opportunities for our solutions in research and security applications. Offering proven technology solutions makes it easy for our potential customers to integrate additional WAM-Vs and PowerBuoys into their operations.&#8221;
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OPTT Price Action: At the time of publication, Ocean Power stock is trading 3.30% higher at 54 cents, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: This illustration was generated using artificial intelligence via Midjourney.

Movers

What's Going On With Ocean Power Technologies Shares Monday?

Ocean Power Technologies shares are trading higher after the company announced a contract for the deployment of its AI-integrated Powerbuoy on the East Coast.

Ocean Power Technologies, Inc. (NYSE:<a href="https://www.benzinga.com/stock/OPTT#NYSE">OPTT</a>) ("OPT" or the "Company"), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced it has been awarded a contract for a PowerBuoy&#xAE; for an immediate delivery in the USA. This contract enables the future integration of surface and subsea sensors, and the buoy will be deployed on the East Coast. Due to the confidential nature of the contract, further details are not being disclosed.
Philipp Stratmann, CEO and President of OPT, expressed his enthusiasm about this revenue generating contract, stating, "In addition to the material growth of our WAM-V&#xAE; business, we are excited to continue growing our PowerBuoy&#xAE; business. We believe that providing persistent and resident monitoring offers a lot of opportunities for our solutions in research and security applications. Offering proven technology solutions makes it easy for our potential customers to integrate additional WAM-V&#xAE;s and PowerBuoy&#xAE;s into their operations."

Ocean Power Technologies Announces PowerBuoy Contract For East Coast Deployment

<h3>Gainers</h3>
<ul>
<li>DSS (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/DSS#AMEX">DSS</a>) shares moved upwards by 25.5% to $1.16 during Thursday's after-market session. The market value of their outstanding shares is at $9.3 million. </li>
<li>Ocean Power Techs (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/OPTT#AMEX">OPTT</a>) stock rose 5.36% to $0.5. The market value of their outstanding shares is at $72.8 million. The company's, Q3 earnings came out 3 days ago. </li>
<li>Northann (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NCL#AMEX">NCL</a>) shares rose 5.0% to $0.22. The market value of their outstanding shares is at $12.1 million. </li>
<li>Surf Air Mobility (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRFM#NYSE">SRFM</a>) stock increased by 4.86% to $3.88. The company's market cap stands at $60.1 million. The company's, Q4 earnings came out 2 days ago. </li>
<li>NeoVolta (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEOV#NASDAQ">NEOV</a>) stock increased by 4.36% to $2.63. The company's market cap stands at $87.8 million. </li>
<li>Energy Vault Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRGV#NYSE">NRGV</a>) stock moved upwards by 4.12% to $0.95. The company's market cap stands at $144.5 million. As per the press release, Q4 earnings came out 3 days ago. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Planet Labs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PL#NYSE">PL</a>) stock decreased by 9.9% to $3.82 during Thursday's after-market session. The market value of their outstanding shares is at $1.1 billion. As per the news, the Q4 earnings report came out today. </li>
<li>Decent Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXST#NASDAQ">DXST</a>) shares decreased by 6.21% to $1.36. The market value of their outstanding shares is at $22.1 million. </li>
<li>Linkers Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LNKS#NASDAQ">LNKS</a>) stock decreased by 5.66% to $0.68. The market value of their outstanding shares is at $9.1 million. </li>
<li>Safe &amp; Green Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGBX#NASDAQ">SGBX</a>) stock decreased by 5.22% to $0.45. The company's market cap stands at $2.8 million. </li>
<li>Urban-gro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UGRO#NASDAQ">UGRO</a>) shares declined by 5.0% to $0.62. The company's market cap stands at $7.8 million. </li>
<li>FedEx (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) stock decreased by 4.95% to $234.04. The market value of their outstanding shares is at $56.3 billion. The company's, Q3 earnings came out today. 
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</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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<h3>Gainers</h3>
<ul>
<li>OneConstruction Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONEG#NASDAQ">ONEG</a>) shares moved upwards by 20.6% to $2.54 during Tuesday's regular session. The company's market cap stands at $33.0 million. </li>
<li>Silynxcom (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SYNX#AMEX">SYNX</a>) stock increased by 16.33% to $4.53. The company's market cap stands at $24.1 million. </li>
<li>Click Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLIK#NASDAQ">CLIK</a>) stock moved upwards by 14.68% to $1.64. The company's market cap stands at $24.4 million. </li>
<li>Team (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TISI#NYSE">TISI</a>) shares rose 14.24% to $16.09. The company's market cap stands at $72.1 million. </li>
<li>Decent Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXST#NASDAQ">DXST</a>) stock moved upwards by 13.59% to $1.17. The market value of their outstanding shares is at $19.0 million. </li>
<li>Bridger Aerospace Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BAER#NASDAQ">BAER</a>) shares increased by 10.3% to $1.72. The company's market cap stands at $93.2 million. As per the press release, Q4 earnings came out 3 days ago. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Huachen AI Parking Mgmt (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCAI#NASDAQ">HCAI</a>) stock decreased by 20.6% to $8.0 during Tuesday's regular session. The company's market cap stands at $253.8 million. </li>
<li>Heramba Electric (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PITA#NASDAQ">PITA</a>) stock decreased by 19.09% to $0.24. The company's market cap stands at $10.6 million. </li>
<li>Energy Vault Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRGV#NYSE">NRGV</a>) stock fell 18.74% to $0.93. The company's market cap stands at $140.9 million. As per the news, the Q4 earnings report came out yesterday. </li>
<li>Ocean Power Techs (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/OPTT#AMEX">OPTT</a>) stock decreased by 16.54% to $0.51. The market value of their outstanding shares is at $74.6 million. As per the press release, Q3 earnings came out yesterday. </li>
<li>TPI Composites (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPIC#NASDAQ">TPIC</a>) shares fell 14.17% to $1.03. The market value of their outstanding shares is at $49.0 million. </li>
<li>Agrify (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGFY#NASDAQ">AGFY</a>) shares fell 12.29% to $19.27. The market value of their outstanding shares is at $41.9 million. 
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</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Ocean Power Technologies shares are trading lower. The company reported Q3 financial results.

Ocean Power Techs (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/OPTT#AMEX">OPTT</a>) reported quarterly losses of $(0.04) per share. This is a 63.64 percent increase over losses of $(0.11) per share from the same period last year. The company reported $825.00 thousand in sales this quarter. This is a 53.96 percent decrease over sales of $1.79 million the same period last year.

Earnings

Ocean Power Techs Q3 EPS $(0.04) Up From $(0.11) YoY, Sales $825.00K Down From $1.79M YoY

<h3>Gainers</h3>
<ul>
<li>Erayak Power Solution Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RAYA#NASDAQ">RAYA</a>) shares increased by 22.1% to $1.49 during Tuesday's pre-market session. The market value of their outstanding shares is at $41.7 million. </li>
<li>Lucas GC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGCL#NASDAQ">LGCL</a>) shares moved upwards by 16.99% to $0.69. The company's market cap stands at $54.8 million. </li>
<li>Professional Diversity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPDN#NASDAQ">IPDN</a>) stock increased by 13.18% to $3.16. The company's market cap stands at $6.1 million. </li>
<li>Micropolis Hldgs (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/MCRP#AMEX">MCRP</a>) stock increased by 9.18% to $4.4. The company's market cap stands at $149.0 million. </li>
<li>Laser Photonics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LASE#NASDAQ">LASE</a>) stock rose 8.68% to $3.75. The market value of their outstanding shares is at $57.2 million. </li>
<li>Heramba Electric (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PITA#NASDAQ">PITA</a>) shares rose 8.1% to $0.32. The market value of their outstanding shares is at $14.2 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Euroseas (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESEA#NASDAQ">ESEA</a>) shares decreased by 16.1% to $28.2 during Tuesday's pre-market session. The market value of their outstanding shares is at $197.7 million. </li>
<li>Ocean Power Techs (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/OPTT#AMEX">OPTT</a>) stock declined by 13.49% to $0.53. The market value of their outstanding shares is at $77.4 million. As per the press release, Q3 earnings came out yesterday. </li>
<li>SUNation Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SUNE#NASDAQ">SUNE</a>) stock decreased by 11.98% to $0.4. </li>
<li>Energy Vault Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRGV#NYSE">NRGV</a>) stock fell 11.41% to $1.01. The market value of their outstanding shares is at $153.6 million. As per the news, the Q4 earnings report came out yesterday. </li>
<li>SKK Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKK#NASDAQ">SKK</a>) stock decreased by 9.27% to $0.8. The company's market cap stands at $12.5 million. </li>
<li>Techprecision (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPCS#NASDAQ">TPCS</a>) shares fell 7.7% to $2.4. The company's market cap stands at $23.1 million. 
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</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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<h3>Gainers</h3>
<ul>
<li>Decent Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXST#NASDAQ">DXST</a>) stock moved upwards by 15.5% to $1.19 during Monday's after-market session. The market value of their outstanding shares is at $19.3 million. </li>
<li>SES AI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SES#NYSE">SES</a>) shares increased by 9.5% to $0.72. The company's market cap stands at $259.7 million. </li>
<li>Samfine Creation Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFHG#NASDAQ">SFHG</a>) shares moved upwards by 7.42% to $0.76. The market value of their outstanding shares is at $16.9 million. </li>
<li>Micropolis Hldgs (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/MCRP#AMEX">MCRP</a>) shares increased by 6.45% to $4.29. The company's market cap stands at $145.3 million. </li>
<li>LanzaTech Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LNZA#NASDAQ">LNZA</a>) stock increased by 4.98% to $0.51. The company's market cap stands at $100.8 million. As per the press release, Q4 earnings came out today. </li>
<li>Byrna Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYRN#NASDAQ">BYRN</a>) shares increased by 4.96% to $20.29. The company's market cap stands at $459.5 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Energy Vault Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRGV#NYSE">NRGV</a>) shares fell 13.2% to $0.99 during Monday's after-market session. The company's market cap stands at $150.5 million. The company's, Q4 earnings came out today. </li>
<li>Callan Jmb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CJMB#NASDAQ">CJMB</a>) stock declined by 9.55% to $5.31. The market value of their outstanding shares is at $23.5 million. </li>
<li>Ocean Power Techs (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/OPTT#AMEX">OPTT</a>) shares decreased by 6.4% to $0.57. The company's market cap stands at $83.7 million. </li>
<li>American Rebel Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AREB#NASDAQ">AREB</a>) shares declined by 6.4% to $0.21. </li>
<li>Energous (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WATT#NASDAQ">WATT</a>) stock fell 5.75% to $0.33. The market value of their outstanding shares is at $9.9 million. </li>
<li>1847 Holdings (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/EFSH#AMEX">EFSH</a>) shares declined by 5.08% to $0.13. The company's market cap stands at $3.4 million. 
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</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Ocean Power Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OPTT#NYSE">OPTT</a>) shares are trading volatile Thursday morning after the company <a href="https://www.benzinga.com/pressreleases/25/03/g44301577/ocean-power-technologies-secures-order-for-fully-integrated-wam-v-from-a-major-european-offshore-s">secured a contract</a> with a new European Offshore Services Provider for the delivery of a fully integrated WAM-V system.
What To Know: Ocean Power Technologies says this marks the company's expansion into the European Union, aligning with its broader strategy to grow in international markets. The company says the vehicle will be assembled and shipped immediately, with in-country training and services provided.
CEO Philipp Stratmann emphasized the rising demand for OPT's marine technology, particularly in defense, security and offshore operations. He highlighted the company's continued growth, citing expanding opportunities in the U.S., Latin America, the Middle East and now Europe.
Read Also: <a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44300810/us-producer-inflation-stalls-in-february-as-services-items-decline-eggs-price-skyrockets">US Producer Inflation Stalls In February As Services Costs Drop, Eggs Price Skyrockets</a>
<h2 class="wp-block-heading">How To Buy OPTT Stock</h2>
By now you're likely curious about how to participate in the market for Ocean Power Techs &#8211; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy &#8220;fractional shares,&#8221; which allows you to own portions of stock without buying an entire share.
In the case of Ocean Power Techs, which is trading at $0.51 as of publishing time, $100 would buy you 196.08 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to &#8220;go short&#8221; a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, OPTT has a 52-week high of $1.75 and a 52-week low of $0.12.

What's Going On With Ocean Power Technologies (OPTT) Shares?

Press Releases

Ocean Power Technologies Awarded Contract for Delivery of AI Capable Buoy in the USA

Ocean Power Technologies Enters New Market with WAM-V® Sale for a Mining Deployment in Latin America

Ocean Power Technologies Highlights Supply Chain Resilience Amid Global Uncertainty

Financing

Ocean Power Technologies Signs U.S. Reseller Agreement with Grava Hydrographic Solutions LLC

Ocean Power Technologies Signs Strategic Reseller Agreement with Elektron SAS

Ocean Power Technologies Secures Order for Fully Integrated WAM-V for an International Government Customer

Ocean Power Technologies Ships Multi-Day Capable WAM-V® for Indo-Pacific Operations

Ocean Power Technologies Ships AI-Capable Merrows™ PowerBuoy®

Ocean Power Technologies Awarded Contract to Provide Multiple Unmanned Surface Vehicles for International Defense Customer

Ocean Power Technologies to Participate in a Fireside Chat on Tuesday, May 6, 2025

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