Share prices for Distributed Energy Systems Corp (NASDAQ: DESC) crept up 20 percent today, thanks to news the company released after market close yesterday.According to the company’s latest press release, Distributed Energy recently completed a shipment of two 100 kilowatt wind power systems to the Malaysian resort island of Pulau Perhentian. In addition, Distributed Energy will also supply and install its wind turbine Supervisory Control and Data Acquisition (SCADA) system for the island, as well as its SmartView software to allow the customer to remotely monitor and control the wind turbines.
But wind power isn’t the only power generation system that Distributed Energy produces. In addition to its wind turbines, the company also excels in hydrogen generation and technology generation. Distributed Energy Systems’ Power Generation group provides full lifecycle energy services, modular-based power products, and long-term contract operations and maintenance of advanced power systems.
In response to the news, share prices went up 20.43 percent from an opening price of $1 to $1.12.
Calls made to Distributed Energy went unanswered.