Distributed Energy Systems Corp (DESC) has been profiled on Forbes.com.
Kenneth Reid, editor of Spear’s Security Industry Analyst, recommends buying shares of Distributed Energy Systems. The Wallingford, Conn.-based company creates and delivers a variety of products for the alternative and decentralized energy markets.
. . .
The story of Distributed Energy and other alternative-energy players is a long-term one, say bulls like Reid. With the surge in oil prices this year, the story is resonating with investors. Distributed Energy shares are up 333% in the past year, trading around $8 after hitting a 52-week (intraday) high of $8.09 on Sept. 27. [ more ]
Forbes also has a short DESC video that gives some additional information about this stock. My take on DESC is that it is a great company to own. I have owned it in the past and sold it with a nice profit in early August. I purposely tried to liquidate the majority of my positions in August in anticipation of blogging about all my portfolio purchases. Many of the names I owned are back on my watchlist and I have been looking for a good re-entry point for a long term hold on this stock. It is currently sitting at a 52 week high and it showing signs that it getting over bought. The Forbes profile hit the net early this morning, and DESC is currently trading above $8 pre-market. Right now I will continue to watch the stock and it is one my short list for purchase. I just want to wait a couple of days to see how the stock price action behaves.