Ocean Power Soars 15% on AI-Powered Contracts

On March 24, 2025, Ocean Power's stock price surged to 19.25 in pre-market trading, reflecting a significant upward trend in investor sentiment.

Ocean Power Technologies has recently secured multiple contracts for the deployment of its PowerBuoy systems. These contracts include immediate delivery and deployment on the East Coast of the USA, as well as a binding letter of intent for a major international defense contractor. The PowerBuoy systems are equipped with AI capabilities and integrated sensors for various marine applications, positioning ocean power at the forefront of innovative energy solutions.

The company's strategic focus on AI-powered technologies and its ability to secure high-profile contracts have bolstered investor confidence. The deployment of these advanced systems not only enhances Ocean Power's market presence but also underscores its commitment to leveraging cutting-edge technology for sustainable energy solutions. This positive momentum is expected to drive further growth and innovation within the company.