Ben Kallo          Christine Tezak        Michael A. Hall         Hsulin Peng
             
Ethan H. Bellamy    David E. Parker        
 

Baird Research: Awards and Accolades

 
Clean Technology and Biofuels
 
Ben J. Kallo, CFA
Senior Research Analyst

Ben is Baird’s senior analyst covering Clean Technology and Biofuels. Prior to joining Baird in 2009, he was an analyst covering clean technology at Stanford Group Company and at Pacific Growth Equities LLC, and a financial advisor at Merrill Lynch. Ben received a BA in Economics from California State University-Humboldt and an MA in Economics from the University of California-Santa Barbara.
 
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Energy and Environmental Policy
 
Christine Tezak
Senior Research Analyst
Energy & Environmental Policy

Christine is Baird’s senior analyst in Energy & Environment Policy Research. Prior to joining Baird in 2009, she was a senior vice president, Electricity, Natural Gas and Environmental Policy Research, at Stanford Group Company and a principal, Washington Research Group, at Schwab Capital Markets. Also, she was a research associate at HSBC Securities / Washington Analysis Corporation covering the water industry and at NatWest Securities / Washington Analysis Corporation covering the environment and agribusiness. Christine has a BA in Russian Language from Boston College and an MBA in Finance from George Washington University.

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Exploration and Production
   
 
Michael A. Hall, CFA
Senior Analyst
Exploration and Production

Michael Hall is Baird’s senior analyst covering Exploration & Production. Prior to joining Baird in 2011, he was a Director covering this industry at Wells Fargo Securities, LLC and also covered the area at Stifel, Nicolaus & Company, Inc., Wachovia Capital Markets LLC, and Jefferies & Company, Inc. Michael received a BA in Business Administration with a concentration in Finance from Colorado State University.

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Hsulin Peng
Senior Research Analyst
Exploration and Production

Hsulin Peng is Baird’s senior analyst covering Exploration & Production. Prior to joining Baird in 2010, she was a buy-side analyst at Luminus Management, an associate at Citigroup Investment Research, director/manager of corporate finance at the MLP Inergy, and an investment banking analyst at A.G. Edwards & Sons. Hsulin received a BS in Business Administration & Accounting and a Master’s in Accounting – Tax Track from The University of Kansas, and an MBA from MIT.

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Master Limited Partnerships
Ethan H. Bellamy
Senior Research Analyst
Master Limited Partnerships

Ethan Bellamy is Baird’s senior analyst covering Master Limited Partnerships (MLPs) and U.S. Royalty Trusts. Prior to joining Baird in 2010, he was a sell-side analyst at Wunderlich Securities in Denver. Previously he was the Director of Research for the Lehman Brothers MLP Opportunity Fund, a senior analyst covering MLPs at Stifel Nicolaus, a journalist for local and national media, and a writing instructor at the University of Colorado-Boulder. Ethan was the No. 2 stock picker in the U.S. and the No. 1 stock picker in the oil and gas sector in the 2010 and 2009 Financial Times/Starmine polls, respectively. Ethan received a BA from Clemson University, an MA from the University of Colorado-Boulder, and was most recently a doctoral student focusing on energy policy at the University of Colorado-Denver, with a focus on energy infrastructure.
 
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Utilities
 
David E. Parker
Senior Research Analyst
Utilities

Dave is Baird’s senior analyst covering Utilities. Prior to joining Baird in 1993, he followed the utilities industry for A.G. Edwards & Sons and Duff & Phelps Investment Research. Before becoming an analyst, he spent 12 years in several finance-related positions at CMS Energy, a diversified electric and gas utility headquartered in Michigan. In 2008, StarMine ranked him a Top 3 Industry Estimator and Top 3 Industry Stock Picker in the Multi Utilities Industry. StarMine ranked Dave No. 1 in 2006 and No. 2 in 2005 for accuracy in estimating earnings in Multi Utilities. In 2001, Reuters ranked Dave as the No. 1 Utilities analyst covering small- and mid-cap companies, and, in 2000, he was named to The Wall Street Journal’s All-Star Analysts Team.

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