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2005-07-28
DEFG Launches New Stock Index
Electricity Daily, July 28, 2005
The Distributed Energy Financial Group is launching a new stock index to track some 30 publicly-traded companies in the energy technology market. The Distributed Energy Stock Index, or DESI, will be published quarterly and distributed at no charge.
The index will be divided into five categories: prime movers; power quality and storage; renewable, hydrogen and fuel cells; demand management, metering and controls; and enabling technologies. The Washington-based DEFG has assigned an analyst to follow each of the sectors.
Tom Brunetto, DEFG managing director, said the new index "should complement the few clean energy indices in existence, provide coverage of more and different companies, provide better risk diversification potential within an integrated framework, and capture the full range of the value proposition of these technologies to customers, including cross-over applications and bundling opportunities."
According to Jamie Wimberly, DEFG CEO, the group is actively talking to "potential asset management partners to create and co-manage a fund using the DESI. We see a huge wave of investor interest building for these kinds of investments, and DEFI plans to be on top of that wave."
The companies in the DESI include:
• Prime Movers: Capstone, Cummins, Ingersoll-Rand, and Cooper Cameron Corp.
• Power Quality and Storage: Active Power, American Power Conversion, C&D Technologies, Beacon Power Corp., and Power One, Inc.
• Renewable, Hydrogen and Fuel Cells: Ballard Power Systems, Distributed Energy Systems Corp., Fuel Cell Energy, Hydrogenics Corp., Plug Power, Energy Conversion Devices, and Evergreen Solar.
• Demand Management, Metering and Controls: Echelon Corp., Intergraph Corp., Itron, O2Micro International, and Sat Con Technologies.
• Enabling Technologies: IMPCO Technologies, American Superconductor, Mechanical Technology, Quantum Fuel Systems, and UQM Technologies. [KM]
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