| DESI Reaches New High, Up 5.5 Percent in Q3 |
10/08/2007 - |
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DEFG 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 increased 5.5 percent. The DESI has posted four consecutive quarterly gains, a 32 percent gain from one year ago. “Coming out of Q2 and at the beginning of Q3, the markets were undergoing an adjustment and the DESI lost some of its value,” stated Jamie Wimberly, CEO of the Distributed Energy Financial Group. “However, the DESI has posted strong growth during the past six weeks and a gain for the third quarter. The gap between the DESI and the Russell 2000 Index is widening.”
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