For Immediate Release Contact: Jamie Wimberly
October 4, 2006 (202) 255-2860
DEFG’s Distributed Energy Stock Index (DESI) Slides and then Begins Slow Recovery in Q3 2006
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 Q3 results today of the Distributed Energy Stock Index (DESI, pronounced Deh-Zee), an index of 42 publicly traded companies in the alternative energy space. For Q3, the DESI decreased 3.8 percent. The DESI began the quarter with a steep slide carried over from Q2, but began a slow recovery beginning in mid-July which continues going into Q4.
“At the beginning of Q3, the DESI was still working off the irrational exuberance due largely to speculation, media hype, and the record high oil prices that are now receding,” stated Jamie Wimberly, CEO of the Distributed Energy Financial Group. “But the DESI seems to have settled down and is growing again. If the pattern holds from last year, the DESI should be in positive territory again in Q4, and the index has the potential for very good results in Q1 and Q2 of 2007.”
The DESI is comprised of six market segments. The majority of DESI segments recorded decreases in Q3, with the alternative fuels segment recording the sharpest drop of 11 percent from Q2. The power quality segment showed countervailing strength in Q3 and recorded an increase of 10.5 percent.
|
DESI and
DESI Segments
Change (%)
Quarter Ending: |
DESI |
Prime Movers |
Renewable Energy |
Alternative Fuels |
Demand Management |
Power Quality |
Enabling Technologies |
|
September 30, 2005 |
13.3% |
17.1% |
80.0% |
6.8% |
15.8% |
8.7% |
-3.1% |
|
December 30, 2005 |
-6.2% |
5.4% |
-2.5% |
-14.9% |
0.2% |
-11.8% |
-21.8% |
|
March 31, 2006 |
16.9% |
11.7% |
13.3% |
50.4% |
11.9% |
8.9% |
30.6% |
|
June 30, 2006 |
-6.1% |
1.8% |
-11.4% |
-6.4% |
-2.9% |
-14.5% |
-6.5% |
|
September 29, 2006 |
-3.8% |
-6.8% |
-7.8% |
-11.0% |
0.3% |
10.5% |
-10.7% |
“The DESI was designed to capture the interaction and integration of all the pieces of the alternative energy puzzle to reflect a full value proposition from the customer perspective,” CEO Wimberly stated. “As a result, the DESI actually fared much better than some of the green indices that focus on a narrower, and perhaps more speculative, slice of the market.”
The DESI company leaders and laggards for Q3 were:
| Intergraph Corp. (INGR) |
+ 36.2% |
SatCon Technology (SATC) |
-46.0% |
| Magnetek (MAG) |
+ 28.1% |
Hydrogenics Corporation (HYGS) |
-44.5% |
| Medis Technologies (MDTL) |
+ 21.8% |
Quantum Fuel Systems Tech (QTWW) |
-41.8% |
DEFG © 2006. Through the issuance of this press release, DEFG is not giving investment advice or any other advice. | 
