Ocean Power Technologies Wins DHS Multi-Buoy Surveillance Contract

An update from Ocean Power Technologies ( (OPTT) ) is now available.

In a January 8, 2026 podcast with Water Tower Research, Ocean Power Technologies CEO Philipp Stratmann highlighted the company’s differentiated ocean-monitoring platform, which combines self-recharging fixed buoys and roaming unmanned surface vehicles capable of hosting diverse sensor payloads and transmitting pre-processed data back to shore. Stratmann discussed a recently announced $5 million contract with the U.S. Department of Homeland Security for a multi-buoy deployment off the Pacific side of the southern U.S. border—OPT’s first large multi-buoy order—which will be executed on a contractor-owned, contractor-operated basis, converting into revenue over the contract term with additional engineering and installation work recognized as performed. He emphasized that the project, which is already in progress and expected to move from backlog to revenue in weeks or months rather than quarters, represents only a small fraction of the broader U.S. maritime border surveillance opportunity across the Pacific, Atlantic, Gulf Coast, and island territories, and that it exemplifies the company’s growing defense-focused backlog and qualified pipeline that are multiples of current revenue.

The most recent analyst rating on (OPTT) stock is a Hold with a $0.53 price target. To see the full list of analyst forecasts on Ocean Power Technologies stock, see the OPTT Stock Forecast page.

Spark’s Take on OPTT Stock

According to Spark, TipRanks’ AI Analyst, OPTT is a Neutral.

The score is held back primarily by weak financial performance (shrinking revenue, negative margins, and negative operating cash flow). Technicals are a near-term positive with the price above major moving averages, while earnings commentary and recent contract wins provide some forward-looking support—but losses and limited valuation support keep the overall score below average.

To see Spark’s full report on OPTT stock, click here.

More about Ocean Power Technologies

Ocean Power Technologies, listed on the NYSE under ticker OPTT, is a maritime domain awareness company that provides intelligent, largely autonomous ocean solutions for defense and security, oil and gas, science and research, and offshore wind customers. Its core offerings include data-collecting buoys and unmanned surface vehicles (WAMVs) that can be equipped with a range of payloads—such as underwater listening devices, sonar, cameras, radar, and electronic signature detection—linked through communications systems including 5G-enabled platforms, with a strategic focus on persistent, over-the-horizon ocean monitoring and data gathering from seabed to surface.

Average Trading Volume: 7,032,045

Technical Sentiment Signal: Hold

Current Market Cap: $83.44M

See more insights into OPTT stock on TipRanks’ Stock Analysis page.