Vice President, Energy, Power & Utilities- Policy & Investment

Capstone is seeking a highly motivated Energy Analyst with specialized expertise in electricity, power generation, and utilities policy. This individual will develop differentiated investment ideas grounded in rigorous policy and regulatory analysis. The successful candidate will regularly engage with policymakers, regulators, and industry leaders, as well as institutional investors across the U.S. energy sector.

As part of Capstone’s energy research team, you will analyze complex policy developments, evaluate their financial and strategic implications, and communicate your insights through clear, actionable investment theses. This is a unique opportunity to sit at the intersection of policy, markets, and investing, helping clients anticipate key inflection points in the evolving U.S. energy landscape.

Key Responsibilities

• Conduct in-depth policy and regulatory analysis across electricity, utilities, power generation, and grid infrastructure sectors
• Identify and articulate investment-relevant insights from legislative, regulatory, and market trends
• Build and maintain relationships with regulators, policymakers, industry stakeholders, and investors
• Develop and present equity research ideas and differentiated opinions supported by robust, data-driven analysis
• Collaborate with colleagues across Capstone’s policy and research teams to provide comprehensive, cross-sector perspectives
• Produce high-quality written reports, policy briefings, and client presentations

Qualifications and Attributes

Ideal candidates will demonstrate:

• Exceptional analytical and creative thinking skills
• The ability to form and clearly express independent, well-supported opinions
• Strong communication and interpersonal skills for client engagement
• Excellent writing and presentation abilities
• A proven track record of self-motivation and independent project execution
• A genuine passion for connecting policy and politics with investing

Education and Experience Requirements

• Bachelor’s degree required; advanced degree preferred (e.g., in Public Policy, Economics, Finance, or Energy-related disciplines)
• Minimum 5 years of experience in equity research, consulting, investment banking, or policy analysis, ideally within the power and utilities or energy sector
• Demonstrated expertise in electricity markets, power generation (renewable and conventional), grid regulation, and energy transition policy
• Strong  Excel skills
• Must be eligible to work in the U.S. without sponsorship

Preferred Background

• Familiarity with regional transmission organizations (RTOs/ISOs) and utility regulatory frameworks
• Background in equity research or policy-focused financial analysis
• Based in or open to relocation to Washington, D.C., New York, or Houston

Work Environment: In-person Monday–Thursday, flexible work-from-home Fridays
Compensation: $135,000–$170,000 base salary, plus eligibility for Capstone’s annual bonus pool
Benefits: Health, dental, and vision insurance; paid vacation; travel stipend; and 401(k) plan

We are an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.