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Industry Sectors - Renewable Energy: First
Debuting in first place in a sector newly added to the survey is the UBS trio guided by Alberto Gandolfi, who also co-leads the No. 1 team in Utilities, and Zurich-based Patrick Hummel.
Alberto Gandolfi, Patrick Hummel & team UBS
The buy side says: They offer a powerful combination of global analysis and local content, which is very important for a regulation-driven sector like renewables.
Debuting in first place in a sector newly added to the survey is the UBS trio guided by Alberto Gandolfi, who also co-leads the No. 1 team in Utilities, and Zurich-based Patrick Hummel. Soft sales and expansion difficulties prompted the analysts to downgrade Germanys Nordex from neutral to sell in December 2008, at 8.60. The call was early the wind turbine producers stock continued to rise, reaching 14.58 in May 2009 but the analysts stood by their recommendation. Good thing, too. By the end of 2010, the shares had plunged by 35.9 percent, to 5.51, and trailed the broad market by a whopping 67.6 percentage points. Following their recommendations, Ive made money on the short side, applauds one backer. Gandolfi, 33, earned a masters degree in econometrics from Italys Università Degli Studi Di Pavia in 2001 and worked at Morgan Stanley and J.P. Morgan as a utilities analyst before joining UBS in 2007. Hummel, 32, holds a masters degree in banking and finance from Germanys Duale Hochschule Baden-Württemberg, which he received in 2001; he moved to UBS in 2007 from Germanys Landesbank Baden-Württemberg, where he covered the utilities sector.