Ocean Power Technologies shares rise 3.02% premarket after CEO Philipp Stratmann highlighted the state’s opportunity to lead the emerging U.S. marine energy sector.

Ocean Power Technologies, Inc. rose 3.02% in premarket trading, with the company participating in a joint hearing of the New Jersey Assembly Environment, Natural Resources, and Solid Waste Committee and the Senate Environment and Energy Committee. The session discussed tidal and wave energy, advanced marine technologies, and the role of the state in fostering renewable innovation. OPT President and CEO Philipp Stratmann highlighted the state’s opportunity to lead the emerging U.S. marine energy sector.