| Unranked last year, Vishal Shah of Deutsche Bank Securities reclaims the first-place spot he held in 2010 and 2009, when he worked at Barclays; he changed firms in August 2011. The 36-year-old analyst earns the appreciation of one investor for his “insightful research” and “thoughtful understanding of the sector’s key issues.” Shah anticipates greater adoption of alternative-energy technologies in the near term, although “there is still a lot of capacity in some subsectors, such as solar, and consolidation will be the primary factor to watch,” he says. Governments in Europe may be pulling back on their support, he adds, but emerging economies are adopting policies to promote alternative energy. Shah is telling clients to be selective with a bias toward companies that develop efficiency-related products, such as light-emitting diodes, and those involved in smart-grid technology. Ewing, New Jersey’s Universal Display Corp. is a favorite. However, he is steering investors away from KLA-Tencor Corp., which he downgraded from hold to sell in August, on the belief that consensus earnings estimates are overstated for the Milpitas, California–based provider of process-control services to LED manufacturers. |
Energy – Alternative Energy: First
October 16, 2012
