Palm Beach, FL 2/22/12 (StreetBeat) -- Investorideas.com, a leader in renewable energy stock research, releases a trading alert for wave technology stock Ocean Power Technologies, Inc. (Nasdaq:OPTT). The stock is currently trading at 3.5708 0.3908(12.29%) with a high of $3.90 following a report from the UK entitled, Energy and Climate Change - Eleventh Report -The Future of Marine Renewables in the UK . The report, published by the House of Commons pushes for the UK to become a global leader in marine renewables.
According to the UK Parliament site, “The UK could become a leading exporter of wave and tidal power equipment and expertise if the Government adopts a more visionary approach to developing marine renewables, according to a new report by the Energy and Climate Change Select Committee.”
Ocean Power Technologies, Inc. (NASDAQ:OPTT)
Ocean Power Technologies, Inc. is a pioneer in wave-energy technology that harnesses ocean wave resources to generate reliable and clean and environmentally-beneficial electricity. OPT has a strong track record in the advancement of wave energy and participates in an estimated $150 billion annual power generation equipment market. OPT’s proprietary PowerBuoy® system is based on modular, ocean-going buoys that capture and convert predictable wave energy into clean electricity. The Company is widely recognized as a leading developer of on-grid and autonomous wave-energy generation systems, benefiting from 15 years of in-ocean experience. OPT is headquartered in Pennington, New Jersey, USA with an office in Warwick, UK. More information can be found at www.oceanpowertechnologies.com.
News link on UK report: http://www.parliament.uk/business/committees/committees-a-z/commons-select/energy-and-climate-change-committee/news/marine-publication1/
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