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Ocean Power Technologies ( (OPTT) ) has provided an update.
On January 6, 2026, Ocean Power Technologies announced it had secured a multi-buoy contract worth more than $5 million to deploy and operate four MERROWS-equipped PowerBuoy systems in support of a U.S. Coast Guard mission under the Department of Homeland Security off the coast of San Diego. The buoys will integrate into the DHS C5I environment and operate alongside Anduril surveillance towers, with all sensor data fused into Anduril’s Lattice command-and-control system to deliver persistent maritime domain awareness, enhanced detection capabilities and real-time decision support for national security operations at sea. Company executives framed the project as a significant step in cementing OPT’s role as a trusted provider of long-endurance, renewable-powered, resident maritime monitoring solutions for U.S. federal agencies, highlighting the operational benefits of continuous, low-maintenance offshore surveillance infrastructure for stakeholders tasked with safeguarding U.S. waters.
The most recent analyst rating on (OPTT) stock is a Buy with a $1.50 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.
Ocean Power Technologies faces significant financial challenges, with declining revenues and negative profitability. Technical indicators suggest bearish momentum, and valuation metrics highlight unprofitability. However, growth in backlog and pipeline, along with strategic partnerships and certifications, provide some positive outlook.
To see Spark’s full report on OPTT stock, click here.
More about Ocean Power Technologies
Ocean Power Technologies is a New Jersey-based provider of intelligent maritime solutions and services aimed at enabling safer, cleaner and more productive ocean operations for defense and security, oil and gas, science and research, and offshore wind markets. Its portfolio includes MERROWS, an AI-capable maritime domain awareness integration system, PowerBuoy platforms that deliver clean, reliable offshore power and real-time data communications, as well as WAM-V unmanned surface vehicles and marine robotics services, with operations supported from facilities in Monroe Township, New Jersey, and Richmond, California.
Average Trading Volume: 5,213,916
Technical Sentiment Signal: Sell
Current Market Cap: $67.11M
See more insights into OPTT stock on TipRanks’ Stock Analysis page.