Derek Weaving Renaissance
second team Alexander Kotikov Troika
third team Sergey Arinin J.P. Morgan
Derek Weaving, 57, of Renaissance Capital claims the top spot for a second straight year, earning praise from one investor for “sensibly interpreting what has become a continuous flow of news out of the sector.” The London-based analyst kept clients abreast of last summer’s breakup of state-run Unified Energy System, which resulted in the creation of six independent electricity distributors, and in December urged investors to buy shares of all except Fifth Power Generating Co., basing the calls on the quality of the controlling shareholder of each company. The five stocks he recommended each gained anywhere from 4.8 to 142.9 percent; the one he told clients to avoid, OGK-5, tumbled 34 percent. Alexander Kotikov moves up one notch to second place. In February the Troika Dialog analyst recommended Federal Grid Co., the company that succeeded UES, on the strength of the government’s ongoing commitment of financial support. The stocks sizzled up 106.2 percent through April, besting the sector by 25.3 percentage points. Sergey Arinin , who initiated coverage for J.P. Morgan Securities in January 2008, two months after moving from Aton Capital Group, returns to the No. 3 spot after a year’s absence. In December Arinin downgraded Moscow Integrated Electricity Distribution Co. to sell, citing concerns about the power distributor’s high debt levels. By the end of April, the stock had slid 42.1 percent.
