James Thalacker

Managing Director and head of U.S. Utilities & Power research at BMO Capital Markets

James Thalacker is a Managing Director and head of U.S. Utilities & Power research at BMO Capital Markets, specializing in equity analysis across utility and power sectors. He covers major companies such as Duke Energy, CMS Energy, and Constellation Energy, with a strong performance record that includes a 72% success rate and average return of 15.8% on stock recommendations, and notable single-call profits such as a 315% return on Vistra Corp. A veteran of the industry, Thalacker started his career as a financial analyst, served a decade as a portfolio manager at Millennium Management overseeing a $1.5 billion portfolio, and joined BMO in a senior analyst capacity prior to 2019. He holds relevant securities licenses and is registered with FINRA, recognized for providing detailed, unbiased industry coverage and actionable insights to institutional clients.