Brean Murray Bullish On Smart Grid Stocks (AMSC, ENOC, ITRI)

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11:08:21 am on April 12, 2010

Brean Murray is out with a bullish call on the smart grid sector this morning and believes that with healthcare reform out of the way, the government will return its attention back to energy and energy efficiency.  Hat tip to Street Insider for the following analyst comment.

“…With (Fed’s) funding checks expected by the second half of 2010 accelerating smart grid deployment projects, and an expectation for increased federal attention back toward energy and efficiency post-healthcare legislation, we maintain our long-term positive macro bias on the sector, with our select list of Buy-rated names American Superconductor (AMSC), EnerNOC (ENOC) and Itron (ITRI).

The smart grid stocks aren’t moving on the call.  ITRI is up fractionally, while ENOC and AMSC are both down a few percent.

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