What To Know: Ocean Power Technologies says this marks the company's expansion into the European Union, aligning with its broader strategy to grow in international markets. The company says the vehicle will be assembled and shipped immediately, with in-country training and services provided.

CEO Philipp Stratmann emphasized the rising demand for OPT's marine technology, particularly in defense, security and offshore operations. He highlighted the company's continued growth, citing expanding opportunities in the U.S., Latin America, the Middle East and now Europe.

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How To Buy OPTT Stock

By now you're likely curious about how to participate in the market for Ocean Power Techs – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

In the case of Ocean Power Techs, which is trading at $0.51 as of publishing time, $100 would buy you 196.08 shares of stock.

According to data from Benzinga Pro, OPTT has a 52-week high of $1.75 and a 52-week low of $0.12.