Expanding Opp's In Energy Efficiency
TWST: Please begin with an overview of your coverage areas, including some of the specific names you follow.
Mr. Kettenmann: We come to the renewable energy or clean tech space from a more traditional energy background than most. The energy team here covers a lot of oil and gas, oil service names. Going back several years, we looked at both wind and solar when it was more of a Euro-centric play and at that time, there were more opportunities with U.S.-listed companies in solar. So we started coverage on select names like First Solar (FSLR), Trina Solar (TSL), Yingli Green Energy Holdings (YGE), as well as Suntech (STP) and SunPower (SPWRA). Right now, we're in the process of ramping up the next layer of our coverage in the energy efficiency space. The company that we've started that coverage with is Telvent (TLVT), a Spanish-based company that has business segments concentrating on the build out of the smart grid in North America, as well as energy and transportation in emerging markets, such as Brazil and China, and obviously their home turf in the EU. So that's a little bit of our coverage areas right now.
TWST: On the renewable energy side, which subsector do you think has the best opportunities for long-term growth at this point in time?