🟢 Ocean Power Technologies is trading 6.16% up in pre-market after U.S. Navy ocean-mapping contract selection

Ocean Power Technologies is trading 6.16% up at $0.19 in pre-market after selection for a U.S. Navy ocean-mapping contract.

• The multiple-award IDIQ supports autonomous seabed mapping using long-endurance unmanned surface vehicles.
• The two-year ordering period begins in August 2026; the $40 million ceiling is shared among six potential awardees.
• Individual task-order revenue remains uncertain, while broader markets are only modestly mixed.