One of the stocks recommended in the latest issue of Cabot Green Investor (which just came out last week) is in the business of developing technology that generates electricity from the movement of ocean waves, one of the most plentiful sources of energy on the planet.

The difficulties involve the fact that the environment is challenging.  The positives involve the fact that the majority of people on the planet live close to oceans, so transporting the electricity would not be difficult.

In his report, editor Brendan Coffey writes, “Harnessing the power of the ocean sits as one of the great opportunities of the renewable energy industry. All of the power potentially developable from the ocean equates to more than 5,000 times current global demand, according to the World Energy Council. Of course, estimating the power and coming anywhere close to tapping it are two very different things.

“People have been trying to develop ocean power since the oil price shocks of the 1970s. Early efforts revolved around trying to transfer some of the ocean’s thermal heat to land … More recent efforts have focused on turning turbine blades against the tide or current with some modest success. Ocean-derived power is still largely in developmental stages. As entrepreneurs look for the right formula, they face technical challenges of capturing, converting and transmitting energy through a difficult salt water environment. They also face protests from environmentalists who worry that underwater turbines could kill fish and upset the delicate sensibilities of whales.

“Still, with ocean power having the advantage of being generated close to the vast majority of people (four-fifths of the world’s population live within an easy drive of the ocean) and being limitless, there are some exciting opportunities to be aware of.”

I look at the company and I see that the technology is promising, and that it actually has several development projects, including a big one in Australia.  Best of all, I see that the stock is strong, telling me that investors are climbing on board and that this could grow into something big.

But what’s the name of the company?

I was tempted not to tell you, because this is a high-risk stock, and I want to encourage you to listen to Brendan’s advice.  The stock is currently trading around 10.  It could be 11 tomorrow, but it could also easily fall below 7, where its 50-day moving average is found, and I don’t want you to get hurt.

On the other hand you’re reading this precisely because you do want to know the stock’s name.

So I’ll compromise.  And because I spent the past weekend playing 15 games of competitive Scrabble, I’ll give you the name of the company in the form of an alphagram … the letters in alphabetical order.

It’s ACEENOOPWR.

That’s not so hard, is it?

Editor’s Note: Only one sector has the same potential that the Internet did in the 1990s … and it’s starting to take off right now. Smart investors are already taking positions … don’t miss this opportunity to profit from the next big thing. Cabot Green Investor Editor Brendan Coffey has just released his newest Special Report, “5 Stocks Wall Street Visionaries are Buying Now,” to help you start profiting from the enormous opportunities in the Green sector today! And the latest issue of Cabot Green Investor was published just last week and in it you’ll find Brendan’s full write-up on the stock mentioned above. Click now to get started today!