🟢 Ocean Power Technologies is trading 7.4% up today after selection for potential $40 million Navy contract

Ocean Power Technologies is trading 7.4% up at $0.20 after renewed attention to its selection as one of six potential awardees under a $40 million U.S. Navy ocean-mapping contract.

• The announcement supports its defense and autonomous-maritime strategy, with ordering expected from August 2026 through July 2028.
• The move appears company-specific rather than market-driven; major U.S. indexes are mixed.
• The contract is not guaranteed, as Ocean Power Technologies is one of six potential awardees.