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2004-09-02
Energy Technology Stocks Remain Volatile and Subject to Sharp Swings in 2004
DEFG Releases Study on Stock Performance Available Free of Charge
For Immediate Release - September 2, 2004
Contact: Jamie Wimberly - (202) 483-4443
Washington, DC - The Distributed Energy Financial Group (DEFG, http://www.defgllc.com/) released a study today on the stock performance of companies in the energy technology sector for the first two quarters of 2004. The analysis in the report is based on a DEFG stock portfolio gaming exercise with three teams of financial analysts and industry executives that began on January 30th, 2004, and ended on July 30th, 2004.
“Stock values in the energy technology sector decreased significantly, especially for pure play stocks, in the first two quarters of 2004,” stated Jamie Wimberly, CEO of the Distributed Energy Financial Group. “Most of this movement could be attributed to general downward trends in the market and economic uncertainty, but energy technology stocks were also working off unsustainable highs gained after the August 2003 blackout.”
“However, stock values in the sector have rebounded slightly over the past month,” Wimberly stated. “DEFG remains mildly optimistic that an upward trend in stock values in the energy technology sector will continue for the rest of the year and into 2005 given a number of strong drivers identified in the study. The sector will continue to be marked by volatility and speculation.”
The study analyzes the performance of the energy technology sector, compares the performance of the three team portfolios (with Team One declining by 5 percent, Team Two by 26 percent and Team Three by 14 percent), and examines the performance of high and low performing individual stocks in the portfolios. The study also includes two appendices – a spreadsheet with statistical analysis and a summary of the methodology used.
A free copy of the study and appendices are available by contacting Jamie Wimberly at DEFG.
DEFG is a specialized financial services firm providing consulting, advisory and capital placement services designed to link energy technology companies to the capital markets. In addition, DEFG excels at sector analysis, due diligence analysis, and market research. The unparalleled engineering, policy and financial skills of the DEFG associates support our mission.
DEFG and its analysts are not giving investment advice, tax advice, legal advice, or other professional advice through the issuance of this press release. This document does not take into account all of the unique circumstances that may affect a user's financial decisions, and nothing contained herein should be considered personalized investment advice that is tailored to the individual needs of users. DEFG and its analysts do not guarantee or warrant the accuracy, completeness or timeliness of, or otherwise endorse, these views, opinions and recommendations or advocate the purchase or sale of any security or investment. You should always seek the assistance of a professional for advice on investments, tax, the law, or other professional matters. For the record, DEFG’s managing partners do hold a few of the stocks covered in the study in their personal portfolios. These positions were made a significant period of time prior to the issuance of this report.
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