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Investors Ride the Wave with Ocean Power Technologies (NASDAQ:OPTT); Stock Trades Up 18%

Category: Investment, Water

News about Ocean Power Technologies, Inc.


New York, NY - January 26, 2012 - (www.Waternewswire.com) Investorideas.com, a leader in renewable energy stock research for independent investors, Issues a trading alert for renewable energy stock, wave technology company, Ocean Power Technologies, Inc. (Nasdaq: OPTT) for January 25 th. The stock closed at $2.9, up $0.45(18.00%), with a high of $3.00 on over 240,000 shares.

The stock was featured as a speculative buy on Seeking Alpha on Monday.

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About Ocean Power Technologies

Ocean Power Technologies, Inc. (Nasdaq: OPTT) 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.

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Published at Water Newswire 2011