For Immediate Release Contact: Jamie Wimberly
April 3, 2006 (202) 483-4443
DEFG’s Distributed Energy Stock Index (DESI) Outperforms in Q1 with 15 Percent Gain for the Quarter
Alternative Fuels and Fuel Cells Segment Increases 40 Percent in Q1
Washington, DC … The Distributed Energy Financial Group LLC (DEFG, http://www.defgllc.com/), a specialized consulting and financial services firm focused on the energy technology sector, released the Q1 2006 results today of the Distributed Energy Stock Index (DESI, pronounced Deh-Zee). The DESI performed strongly in Q1 2006 with a 15 percent gain for the entire index, outperforming all the major benchmark indices by a wide margin.
“The first quarter could be the break out quarter that we have been waiting for, and mark the tipping point for the energy technology sector to experience strong, sustainable growth for years to come,” stated Jamie Wimberly, CEO of the Distributed Energy Financial Group. “The addition of the new alternative fuels and fuel cells segment to the DESI in Q1 was definitely a shot of adrenaline to the overall index. But all the DESI segments performed very well which means the puzzle pieces of integrated systems and business models are coming together nicely.”
The DESI is comprised of six segments and 38 publicly traded companies with a heavy emphasis on pure plays in the energy technology sector. The segments performed in Q1 as follows:
Prime Movers: + 8.3 %
Power Quality and Storage: + 7.3 %
Renewable Energy: + 22.7 %
Demand and Metering: + 15.1 %
Enabling Technologies: + 23.3 %
Alternative Fuels and Fuel Cells: + 40.3%
DESI Total: + 14.9 %
The DESI leaders and laggards in Q1 were:
Metretek Technologies (MEK) + 67.0 % Electro Energy (EEEI) - 22.0 %
Ballard Power Systems (BLDP) + 62.0 % Intergraph Corporation (INGR) - 16.4 %
Medis Technologies (MDTL) + 58.6 % Beacon Power (BCON) - 7.7 %
DEFG © 2006. Through the issuance of this press release, DEFG is not giving investment advice or any other advice.
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