Ocean Power Technologies is trading 5.65% up now at $0.19 after being selected as one of six potential awardees for a $40 million U.S. Navy autonomous ocean-mapping IDIQ contract.
- The two-year ordering period is expected to begin in August 2026, supporting high-resolution seabed mapping with long-endurance unmanned surface vehicles.
- The $40 million ceiling is aggregate across all awardees; individual task orders remain competitive.
- Despite technology-sector weakness, trading volume and activity-level data were not provided.