Why Is Ocean Power Technologies (OPTT) Stock Up 60% Today?

What's notable about the contract is that the federal government issued it on a "noncompetitive basis." Essentially, this means that Ocean Power represented the only candidate for the job; that is, the company did not have to bid against rival entities. Curious Eyes Turn to OPTT Stock Per the press release, "[r]evenue will be recognized ratably over the course of the contract with an expected near-term delivery date. Due to the sensitive nature of this relationship, terms have not been disclosed." Given ris ...