Distributed Energy Systems Corp. (DESC)

[hettygreen]

DESC Timeline

Pullback started early March. My guess it was due to lack of orders and lack of news of any sort.

Then the news started pouring in:

4/4/06 Distributed Energy's Subsidiary Northern Power Acquires Crown Engineering's EPC, Operations & Maintenance Businesses...
includes 8 long-term service contracts with an estimated aggregate value of $2 million per year over the next several years.
4/10/06: Northern Power Wins $3.5 Million in Contracts for Power Systems at California Postal Facilities
5/4/06 Awarded contract: San Francisco's Landmark Transamerica Pyramid Building to Add $3.4 Million Cogeneration Power System
On 06/02 they announced: Alaskan Electric Utility Signs $1.1 Million Contract with Northern Power for Three Additional Wind Turbines
On 6/1 they were upgraded by Merriman Curhan Ford to a Buy
On 6/1 "Pacific Growth: initiated coverage with a "Neutral Recommendation"
On 6/1 Price Target Research downgraded from NEGATIVE to STRONG NEGATIVE.
0n 6/2 They were downgraded by Thompson Financial to a Sell
On 6/6 CEO provided an update that stated "We believe our backlog and new customer commitments will enable us to make up for the shortfalls in the first and second quarters -- and then some -- to achieve another record revenue year."

I anticipate more upgrades and contracts over the summer.

All we need is a Hurricane to send this up to $7