Natural Resources >> Analyst Interviews >> February 20, 2012

Biofuel & Biochemical Pure Plays Bypass Headwinds in Alternative Energy – Pavel Molchanov – Raymond James & Associates,

Molchanov, Pavel
Pavel Molchanov is a Director and Equity Research Analyst at Raymond James & Associates, Inc. He joined the firm in 2003 and began work as part of the energy research team, becoming an analyst in 2006. He initiated coverage on the integrated/multinational oil and gas sector in 2009. Mr. Molchanov has been recognized in the StarMine Top Analyst survey, the Forbes Blue Chip Analyst survey and The Wall Street Journal Best on the Street survey. He graduated cum laude from Duke University in 2003 with a B.S. in economics, with high distinction, writing his senior honors thesis about OPEC’s oil output policies. Profile
TWST: Your alternative energy coverage is broad. Which segment are you most interested in at the moment and why?

Mr. Molchanov: At the moment, I would say that the most intriguing one from an