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Top 10 Utilities Sector Analysts of the Past Decade
In recent years, the utilities sector has experienced significant growth due to the transition towards renewable energy sources. However, investors must have a discerning eye in identifying the best investment opportunities within the field. TipRanks, a leading analyst ranking service, has recognized the 10 most successful analysts in the utilities sector who generated significant returns and outperformed their peers through their recommendations.
The Top 5 Analysts
Taking the top spot on the list is Shelby Tucker, with an overall success rate of 67%. His best rating was on Fluence Energy (NASDAQ:FLNC), a provider of energy storage products and services. Tucker's buy rating on FLNC from May 18, 2022 to May 18, 2023, generated a noteworthy return of 177.1%. Frederic Bastien ranks second on the list, with a success rate of 62%. Bastien’s top recommendation is Black Diamond (TSE:BDI), a Canadian company focusing on modular buildings and temporary workforce housing solutions. The analyst generated a profit of 179.5% through his buy recommendation on BDI stock from May 7, 2020, to May 7, 2021. BMO Capital analyst Benjamin Pham ranks third on the list, with a success rate of 68%. His best recommendation has been on AltaGas (TSE:ALA), a Canadian energy infrastructure company. The analyst generated a return of 113% through a buy recommendation on the stock from March 16, 2020, to March 16, 2021. Mark Jarvi bags the fourth spot on the list, with a 70% overall success rate. Jarvi’s best recommendation has been on Pinnacle Renewable (TSE:PL), a Canadian producer of industrial wood pellets. Based on his buy recommendation, the analyst generated a profit of 161.7% from July 21, 2020, to July 21, 2021. Robert Catellier takes the fifth spot with a success rate of 66%, and his best recommendation is Keyera (TSE:KEY), a Canada-based integrated energy infrastructure company. Based on this pick, the analyst delivered a profit of 179.1% from March 18, 2020, to March 18, 2021.
The Remaining Analysts in the Top 10 List
Securing the sixth position is Alberto Gandolfi, with a 64% success rate. Gandolfi's top recommendation was for Orsted (OTCMKTS:DNNGY), a Danish company that develops and operates offshore/onshore wind and solar farms, energy storage facilities, and renewable hydrogen and green fuels facilities. Through the buy call on Orsted stock, the analyst generated a return of 88.1% from March 23, 2020, to March 23, 2021. RBC Capital analyst Nelson Ng is seventh on this list, with a success rate of 60%. The analyst's best call has been a buy on the shares of Methanex (TSE:MX), a Canadian producer and supplier of methanol. The recommendation generated a return of 194.6% from May 7, 2020, to Jan. 4, 2021. In the eighth position is Patrick Kenny of National Bank, with an overall success rate of 67%. The analyst's top recommendation was for Secure Energy Services (TSE:SES), a Canadian environmental and energy infrastructure company. Through this buy call, the analyst generated a solid return of 323.5% from Oct. 26, 2020, to Oct. 26, 2021. Neil Kalton ranks ninth on the list, with a 63% success rate. His top call was made on Orsted, and the buy recommendation generated a return of 81.8% from Oct. 14, 2019, to Oct. 14, 2020. Julien Dumoulin-Smith rounds out the top 10 list, with a success rate of 57%. The analyst's best call has been a buy on shares of Vivint Solar, which was later acquired by Sunrun (NASDAQ:RUN), a provider of residential solar, battery storage, and energy services. The recommendation generated a return of 547.5% from Sept. 30, 2019, to Sept. 30, 2020.
Overall, investors can use the recommendations of these top-performing analysts to inform their investment decisions. Stay tuned for the top 10 analysts of the past decade in the basic materials sector.
The utilities sector's transition towards renewable energy sources has brought significant growth over the past decade. The recognition of the top 10 analysts by TipRanks for their success in generating strong returns through recommendations creates a foundation for investors to identify investment opportunities. The list includes analysts whose recommendations generated significant profits, indicating their astute insight into the utilities sector's trends and demands. Investors looking to enter the utilities sector can draw inspiration from these analysts' ratings and research to identify the best stocks to invest in based on their risk appetite.
However, the evolution of the utilities sector carries underlying challenges, including technological advancements and policy changes. The utility sector's success brings in more funds, thereby increasing competition and reducing the market share for other companies. The utilities sector is vulnerable to policy changes, and its shifts can lead to significant disruptions for the companies involved. Therefore, while the list of top-performing analysts provides valuable information for investors, it is essential to approach the utilities sector with caution. As analysts continue to monitor trends in the sector, new businesses can use the information to make an informed decision and expand to take advantage of the opportunities present in the sector.
