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2005-11-21
Distributed Energy Stocks Climb
DESI featured in Energy Biz Magazine, November-December 2005
EnergyCentral, Energy Biz Magazine
The Distributed Energy Stock Index (DESI), an index of 26 publicly traded distributed energy and alternative energy technology companies, gained 15.4 percent in the third quarter of 2005.
The index outperformed the Russell 2000, comprised of companies with a small capitalization. "Hurricane Katrina definitely sparked growth in the energy tech sector by highlighting the value proposition of these technologies, particularly reliability and control over power sources located at or near the customer’s site," stated Jamie Wimberly, chief executive officer of the Distributed Energy Financial Group.
The group created the index in July year to heighten awareness of distributed energy companies. Wimberly said that a wave of capital is beginning to enter the sector, and the pace of investment is likely to increase because of the aging grid and new government incentives.
Download the article from EnergyCentral in PDF.
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