Green Stock: Green Energy Resources

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Today’s green stock pick is:

Green Energy Resources (GRGR.PK).

GRGR is traded on the Pinksheets. I normally don’t recommend penny stocks, but this one seems to have potential.

GRGR is making a move into Europe and is the only US exporter of wood biomass tha t meets UK and EU environmental standards. Great Britain’s energy secretary recently announced the construction of the largest wood-biomass power plant in the world.

Great Britain’s Energy Secretary John Hutton approved the largest wood-based biomass plant in the world last week. The 350 megawatt plant will be operating 24/7, 365 days per year on wood energy power. …The wood biomass will be supplied from the United States.

Since the wood biomass is slated to be coming from the U.S. and GRGR is the only one that meets EU environmental standards, odds are they are going to be the supplier. This could prove big if it materializes. They also had a press release about some recent contracts they won.