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Technology Stocks : Distributed Energy Systems Corp. (DESC)

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To: Rutgers who wrote (72)11/8/2005 8:08:57 AM
From: Rutgers   of 122
 
DESC profiled on Cramer's MadMoney CNBC Show last night

thestreet.com

Alternative Current

Distributed Energy Systems (DESC:Nasdaq - news - research - Cramer's Take) is the "best little alternative energy company you've never heard of," said Cramer.

Distributed Energy on Monday reported much better-than-expected revenue of $12.3 million vs. expectations of $9 million, said Cramer. Gross margin was 2% better than expectations, he said.

Distributed Energy is benefiting from two big trends, distributed power and on-site hydrogen power generation, and Cramer believes the company will reach profitability ahead of Wall Street's expectations.

After the hurricanes that struck Florida and the Gulf Coast this year, "everybody who needs a reliable source of power is at least thinking about installing a distributed power system," said Cramer. Furthermore, higher energy prices have made the economics of teh company's on-site hydrogen power systems more attractive. The company even has some exposure to solar and wind power, he said.

Distributed Energy has lots of room for growth, said Cramer. "This is not going to be the last good quarter. It's the first great one!"
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