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Sparsh

Vice President and Equity Research Analyst at Jefferies

Sparsh Bhargava is a Vice President and Equity Research Analyst at Jefferies, specializing in the consumer internet and technology sectors with a focus on companies like Uber, DoorDash, Airbnb, and Roblox. He has demonstrated strong performance, achieving a 62% success rate on stock ratings according to TipRanks, ranking in the top 20% of analysts covering his sectors, and generating average returns of 14.2% per rating over the past year. Bhargava joined Jefferies in 2022 after prior roles at Wolfe Research and Barclays, where he began his career as an analyst in 2018 following graduation from the University of Pennsylvania. He holds Series 7, 63, and 86/87 FINRA licenses, underscoring his professional credentials in securities research.

Sparsh's questions to SPIRE (SR) leadership

Question · Q1 2026

Sparsh asked for clarification on the timing of equity issuance related to the Tennessee acquisition.

Answer

President and CEO Scott Doyle detailed recent financing activities, including $900 million in junior subordinated notes and $825 million in senior notes. He indicated that with potential business sales, minimal common equity needs are anticipated, possibly after the next earnings call in May or June.

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