OPTT Ocean Power Technologies, Inc.
Price Chart
Executive Summary
Ocean Power Technologies announced the successful deployment of its first PowerBuoy® system under a U.S. Department of Homeland Security contract to support U.S. Coast Guard maritime surveillance off California. This marks a key operational milestone in transitioning its autonomous offshore monitoring infrastructure into active mission use, with additional systems planned to form a networked offshore monitoring capability.
Actionable Insight
This deployment signals growing federal validation of OPTT’s autonomous maritime platform. Traders should monitor for follow-on announcements regarding additional deployments, contract value disclosures, or new government partnerships, which could drive upside. The successful fielding supports potential near-term revenue recognition and strengthens OPTT’s positioning in the defense and security sector.
Key Facts
- First PowerBuoy® system deployed under U.S. DHS contract for maritime domain awareness.
- Deployment supports U.S. Coast Guard operations off the coast of California.
- System provides persistent offshore power, communications, and sensor integration for long-endurance surveillance.
- Additional PowerBuoy systems planned under the program to create a networked monitoring capability.
- Represents transition from development to active mission support for government defense operations.
Financial Impact
Contract value not disclosed, but deployment validates commercial traction with federal agency and de-risks future government adoption.
Risk Factors
- No financial terms disclosed — actual revenue impact remains uncertain.
- Future deployments and contract expansion are subject to government funding and operational performance.
- Forward-looking statements suggest reliance on unproven scalability and customer conversion.
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3272477 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 9, 2026
5d ago
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8-K
| $0.2840 awaiting T+5 | awaiting T+5 | — | $0.2700 (−4.93%) |
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Jun 8, 2026
6d ago
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424B5
| $0.2912 awaiting T+5 | awaiting T+5 | — | $0.2700 (+7.28%) |
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May 21, 2026
24d ago
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8-K
| $0.3600 $0.3900 | ▲ +8.33% | ▲ +6.66% | $0.2700 (−25.00%) |
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Apr 13, 2026
8w ago
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Press Release
| $0.3800 $0.3800 | · 0.00% | ▼ −3.30% | $0.2700 (−28.95%) |
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Apr 1, 2026
10w ago
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424B5
| $0.3500 $0.3800 | ▼ −8.57% | ▼ −4.81% | $0.2700 (+22.86%) |
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Mar 24, 2026
11w ago
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Press Release
| $0.3700 $0.3500 | ▼ −5.41% | ▼ −4.98% | $0.2700 (−27.03%) |
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Mar 17, 2026
12w ago
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Press Release
| $0.3500 $0.3800 | ▲ +8.57% | ▲ +9.29% | $0.2700 (−22.86%) |
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Mar 11, 2026
13w ago
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Press Release
| $0.4300 $0.3500 | ▲ +18.60% | ▲ +16.42% | $0.2700 (+37.21%) |
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Mar 5, 2026
14w ago
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Press Release
| $0.4100 $0.3800 | ▼ −7.32% | ▼ −5.79% | $0.2700 (−34.15%) |
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Feb 24, 2026
15w ago
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8-K
| $0.4100 $0.4200 | ▲ +2.44% | ▲ +3.54% | $0.2700 (−34.15%) |
US Market Status
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