Ocean Power Technologies shares surge 18.67% after hours as backlog jumps 300% to $15M, pipeline grows 63% to $137.5M, and strategic AI/digital-twin partnerships drive growth optimism.

Ocean Power Technologies (OPTT) surged 18.67% in after-hours trading following its Q2 2026 earnings report, which highlighted a 300% year-over-year increase in backlog to $15.0 million and a 63% rise in pipeline to $137.5 million. The company shipped eight WAM-V autonomous surface vehicles, signaling strong production capacity and demand. Strategic partnerships with Mythos AI (AI-driven autonomy integration) and Gradient Marine (digital-twin capabilities), alongside AUVSI certification for training programs, underscored its competitive positioning in autonomous maritime systems. CEO Philipp Stratmann emphasized operational momentum despite a U.S. government shutdown during the quarter, citing international demonstrations in Latin America and the UAE and a cadence of WAM-V deliveries. These developments reinforced confidence in converting the expanded pipeline into future revenue, driving the sharp post-earnings rally.