The Alpha-Select List

The Alpha Select list is an actively researched collection of smaller, underfollowed public companies that we believe have the potential to become much larger. An “acorn” list of sorts, the Alpha Select List will typically consist of sub-$250M market cap companies with attractive business models, above average growth trends, favorable macro-secular themes, and management teams that we believe have the ability to take the business to the next level.


TickerName of CompanyAnalyst Profile
ACMRACM Research Christian Schwab
ACTG

Acacia Research Corp

Anthony Stoss
AEHRAehr Test Systems Christian Schwab
AKTSAkoustis Technologies Anthony Stoss
ALIM

Alimera Sciences

Alex Nowak
AMOTAllied Motion Technologies Greg Palm
AMSCAmerican Superconductor Eric Stine
APENApollo Endosurgery Matthew Hewitt
APPSDigital Turbine, Inc. Anthony Stoss
APYXAPYX Medical Matthew Hewitt
ASPNAspen Aerogels Eric Stine
ASPUAspen Group Jeremy Hamblin
ASURAsure Software Jeff Van Rhee
AVDL

Avadel Pharmaceuticals

BBQBBQ Holdings Alex Fuhrman
BWEN

Broadwind

Eric Stine
CELCCelcuity Alex Nowak
CEMIChembio Diagnostics Per Ostlund
CSBRChampions Oncology Matthew Hewitt
CTEKCynergisTek Matthew Hewitt
CYBECyberOptics Greg Palm
CYRNCYREN Ltd. Chad Bennett
DMACDiaMedica Therapeutics Alex Nowak
DRIODarioHealth Alex Nowak
DZSIDASAN Zhone Solutions Christian Schwab
EGANeGain Jeff Van Rhee
FCELFuelCell Energy Eric Stine
GLMDGalmed Pharmaceuticals
GRWG

GrowGeneration

Eric Des Lauriers
HDSNHudson Technologies Ryan Sigdahl
HTGMHTG Molecular Diagnostics Alex Nowak
ICADiCAD Per Ostlund
IMBIiMedia Brands Alex Fuhrman
INSEInspired Entertainment Ryan Sigdahl
ITIIteris Ryan Sigdahl
JYNTThe Joint Jeremy Hamblin
KLRKaleyra George Sutton
KRMDKORU Medical Systems Alex Nowak
KRUS

Kura Sushi USA

Jeremy Hamblin
LAKELakeland Industries Inc. Alex Fuhrman
LAZYLazydays Holdings Steve Dyer
LEAFLeaf Group Jason Kreyer
LIQTLiqTech International Eric Stine
MRAMEverspin Technologies Richard Shannon
MRNSMarinus Pharmaceuticals
NLSTNetlist Richard Shannon
OEGOrbital Energy Group Eric Stine
OESXOrion Energy Systems Eric Stine
PFSWPFSweb George Sutton
PRCPPerceptron Greg Palm
PRTS

CarParts.com

Ryan Sigdahl
PXLWPixelworks Richard Shannon
QUIKQuickLogic Richard Shannon
QUMUQumu Jeff Van Rhee
RESNResonant Anthony Stoss
RLHRed Lion Hotels Corporation Alex Fuhrman
RMBLRumbleOn Steve Dyer
SBBPStrongbridge Biopharma
SHSPSharpSpring Inc. Chad Bennett
SLNOSoleno Therapeutics
SMTXSMTC Corp. Christian Schwab
SRTSSensus Healthcare Alex Nowak
STRMStreamline Health Matthew Hewitt
SYNCSynacor George Sutton
TEUMPareteum George Sutton
TNAVTelenav Ryan Sigdahl
TRNS

Transcat

Greg Palm
VERIVeritone Chad Bennett
VTNRVertex Energy Eric Stine
VUZIVuzix Christian Schwab
XEBEF

Xebec Adsorption

Eric Stine
XPELXPEL, Inc. Steve Dyer
ZIXIZix Corp Chad Bennett
TickerName of CompanyAnalyst Profile
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steve dyer

Steve Dyer Chief Executive Officer Senior Research Analyst

(612) 334-6302
steven.l.dyer@craig-hallum.com

Associate Analyst:
Ryan Sigdahl
(612) 334-6376
ryan.sigdahl@craig-hallum.com

Associate Analyst:
Matthew Wegner
(612) 334-6374
matthew.wegner@craig-hallum.com

Steve Dyer is CEO and Senior Research Analyst in the Equity Research Department at Craig-Hallum Capital Group LLC, where he covers Industrial Technology. Prior to joining Craig-Hallum, Mr. Dyer was a consultant at American Express Financial Corp. He received a BA from Marquette University and an MBA from the University of St. Thomas. Mr. Dyer has appeared on CNBC, Bloomberg and NPR; and is regularly quoted in the Wall Street Journal, Barron’s and numerous other publications.

  • Research Coverage
  • Cars.com

  • Carvana

  • Motorcar Parts of America

  • Nautilus

  • Shyft Group

  • Smith & Wesson Brands

  • Titan Machinery

  • TrueCar

  • Alpha Select List
  • Lazydays Holdings

  • RumbleOn

  • XPEL, Inc.

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anthony stoss

Anthony Stoss Partner Senior Research Analyst Institutional Research

(612) 334-6330
astoss@craig-hallum.com

Associate Analyst:
Lucas Schwalbe
(612) 334-6338
lucas.schwalbe@craig-hallum.com

Associate Analyst:
Mason Anderson
(612) 334-6315
mason.anderson@craig-hallum.com

Tony Stoss is a Partner and Senior Research Analyst in the Equity Research Department at Craig-Hallum Capital Group LLC, where he covers various technology industries, primarily in the Wireless and Cable related sectors. Previously, he focused on various technology industries at EarlyBird Capital, SouthEast Research Partners/Ryan Beck and Martin Simpson Research. Mr. Stoss received his B.A. in Financial Management from St. Thomas College and an M.B.A. from the University of Minnesota Carlson School of Management.

  • Research Coverage
  • CalAmp

  • Cirrus Logic

  • Digi International

  • Immersion Corporation

  • Knowles Corporation (KN)

  • ON Semiconductor

  • ORBCOMM

  • Qorvo

  • Silicon Motion

  • STMicroelectronics

  • Skyworks Solutions

  • Synaptics

  • Trimble Navigation

  • Boingo Wireless

  • Alpha Select List
  • Acacia Research Corp

  • Akoustis Technologies

  • Digital Turbine, Inc.

  • Resonant

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george sutton

George Sutton Partner Institutional Research

(612) 334-6331
gsutton@craig-hallum.com

Associate Analyst:
Adam Kelsey
(612) 334-6372
adam.kelsey@craig-hallum.com

Associate Analyst:
James Rush
(612) 334-6373
james.rush@craig-hallum.com

George Sutton is a Partner, Co-Director of Research and Senior Research Analyst in the Equity Research Department at Craig-Hallum Capital Group LLC, where he covers Business Service and Software. From 1995-2003, he was a Managing Director in the Research Department at RBC Capital Markets and its predecessor Dain Rauscher Wessels. Before that Mr. Sutton worked on the buy-side with First Chicago Investment Management (now JP Morgan) and First Chicago Venture Capital (now Madison Dearborn Partners). Mr. Sutton received a B.S. in Finance from Indiana University in Bloomington and an M.B.A. from the Kellogg School at Northwestern University.

  • Research Coverage
  • ACI Worldwide

  • Agilysys

  • Anterix

  • 8×8, Inc

  • eHealth

  • Bottomline Technologies

  • Everi Holdings Inc.

  • Green Dot

  • GTT Communications

  • Hackett Group

  • First Internet Bancorp

  • InnerWorkings

  • PAR Technology

  • RingCentral

  • Stamps.com

  • TeleTech Holdings

  • USA Technologies

  • Vonage Holdings

  • Alpha Select List
  • Kaleyra

  • PFSweb

  • Synacor

  • Pareteum

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jeff van rhee

Jeff Van Rhee Partner Institutional Research

(612) 334-6343
jvanrhee@craig-hallum.com

Associate Analyst:
Rudy Kessinger
(612) 334-6344
rudy.kessinger@craig-hallum.com

Jeff Van Rhee is a Partner and Senior Research Analyst in the Equity Research Department at Craig-Hallum Capital Group LLC, where he covers Software Centric technology companies. Previously, he was a Managing Director and Director of Research at Investec, an international investment bank headquartered in London. Mr. Van Rhee has been recognized several times by the Wall Street Journal, Forbes.com/StarMine and others for the performance of his stock picks. Mr. Van Rhee received a B.A. in Finance and Economics from Central Michigan University. He is a CFA charterholder.

  • Research Coverage
  • Akamai Technologies

  • Cerence

  • Digimarc

  • Ebix

  • Five9

  • Fastly

  • Limelight Networks

  • LivePerson

  • Nuance Communications

  • Paylocity Holding Corp

  • SPS Commerce

  • Upland Software

  • Zendesk

  • Alpha Select List
  • Asure Software

  • eGain

  • Qumu

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christian schwab

Christian Schwab Partner Senior Research Analyst Institutional Research

(612) 334-6337
cschwab@craig-hallum.com

Associate Analyst:
Tyler Burmeister
(612) 334-6336
tyler.burmeister@craig-hallum.com

Christian Schwab is a Senior Research Analyst in the Equity Research Department at Craig-Hallum Capital Group LLC, where he covers the Computer Hardware, Semiconductor and Telecommunications industries. Previously, he was a Managing Director in the Capital Markets Group at John G. Kinnard, a boutique investment bank based in Minneapolis. Mr. Schwab has been recognized several times by both the Wall Street Journal Best on the Street and Forbes.com/StarMine Best Brokerage Analysts for his stock picking accuracy. Mr. Schwab received a B.A. degree from the University of Minnesota.

  • Research Coverage
  • Axcelis Technologies

  • Applied Materials

  • Advanced Micro Devices

  • Calix

  • Cohu, Inc.

  • Dycom Industries

  • Entegris

  • Extreme Networks

  • Flextronics

  • FormFactor

  • Infinera

  • Kulicke & Soffa Industries

  • Marvell Technology Group

  • MasTec

  • Nokia

  • PDF Solutions

  • Sanmina-SCI

  • Seagate Technology

  • Teradyne

  • Ultra Clean Holdings

  • Western Digital Corporation

  • Alpha Select List
  • ACM Research

  • Aehr Test Systems

  • DASAN Zhone Solutions

  • SMTC Corp.

  • Vuzix

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richard rinkoff

Richard Rinkoff Director of Research

(612) 334-6385
rrinkoff@craig-hallum.com

Carnegie Mellon University, MBA and BS in Mathematics

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chad bennett

Chad Bennett Senior Research Analyst

(612) 334-6366
chad.bennett@craig-hallum.com

Associate Analyst:
Nick Mattiacci
(612) 334-6384
nick.mattiacci@craig-hallum.com

Chad Bennett joined Craig-Hallum Capital Group as a Senior Analyst in 2011 and covers stocks in the software and hardware sectors. In 2011, he achieved Best on the Street status by the Wall Street Journal in Software. Previously, he was a senior analyst at Northland Capital Markets and Miller Johnson Steichen Kinnard (MJSK). Chad received his BA in Finance from University of St. Thomas.

  • Research Coverage
  • Box, Inc.

  • Cloudera

  • Medallia

  • Mobileltron, Inc.

  • Model N

  • NetScout Systems

  • PROS Holdings

  • Quantum

  • Quotient

  • SVMK, Inc.

  • Varonis Systems

  • Alpha Select List
  • CYREN Ltd.

  • SharpSpring Inc.

  • Veritone

  • Zix Corp

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jason kreyer

Jason Kreyer Senior Research Analyst

(612) 334-6328
jason.kreyer@craig-hallum.com

Jason Kreyer is a Senior Research Analyst at Craig-Hallum Capital Group. Mr. Kreyer covers the advertising technology industry as well as working with George Sutton covering business services and technology companies. Previously, he was a financial analyst at The Hartford. Mr. Kreyer holds a BBA in Financial Management from the University of North Dakota and an MBA from the University of St. Thomas.

  • Research Coverage
  • Cardlytics

  • Magnite

  • QuinStreet Inc.

  • LiveRamp Holdings

  • TechTarget

  • Zillow Group

  • Alpha Select List
  • Leaf Group

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richard shannon

Richard Shannon Senior Research Analyst

(612) 334-6339
richard.shannon@craig-hallum.com

Associate Analyst:

Richard Shannon joined the Equity Research Department at Craig-Hallum Capital Group LLC as a Senior Research Analyst in 2011 and covers stocks in the semiconductor sector. He was the #1 ranked semiconductor analyst in the Wall Street Journal’s Best on the Street survey for 2009 and 2010. Previously, he was a senior analyst at Northland Capital Markets and Piper Jaffray, an associate at UBS, and was an operating systems programmer at IBM for four years. Richard received his BS in Computer & Electrical Engineering from Purdue University, an MBA from the Carlson School at the University of Minnesota and is a CFA charter holder.

  • Research Coverage
  • Applied Optoelectronics

  • Acacia Communications

  • Ambarella

  • AXT

  • II-VI

  • Inphi Corp

  • Lumentum

  • Lattice Semiconductor

  • M/A-Com Technology Solutions

  • MaxLinear

  • Neophotonics

  • NVIDIA

  • Tower Semiconductor

  • Viavi

  • Vicor Corporation

  • Xperi

  • Alpha Select List
  • Everspin Technologies

  • Netlist

  • Pixelworks

  • QuickLogic

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matthew hewitt

Matthew Hewitt Senior Research Analyst

(612) 334-6314
matthew.hewitt@craig-hallum.com

Associate Analyst:
Lucas Baranowski
(612) 334-8224
lucas.baranowski@craig-hallum.com

Matt Hewitt is a Senior Research Analyst covering healthcare companies including a growing number targeting health care technology, specialty pharmaceuticals/generics and regenerative medicine/wound care. Thomson Reuters awarded him the #1 stock picker for Health Care Technology in 2018. Previously, he worked in the Internet Services, Software and Computer Peripherals research practice at Craig-Hallum and spent seven years at Advantus Capital Management. Mr. Hewitt received his M.B.A. and B.A. from the University of St. Thomas in St. Paul, Minnesota

  • Research Coverage
  • Avid Bioservices

  • Codexis

  • HealthStream

  • Lannett

  • Ligand Pharmaceuticals

  • Omnicell

  • Repligen

  • Simulations Plus

  • Surgalign Holdings

  • Teladoc, Inc.

  • Teligent

  • Vocera Communications

  • Alpha Select List
  • Apollo Endosurgery

  • APYX Medical

  • Champions Oncology

  • CynergisTek

  • Streamline Health

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alex nowak

Alex Nowak Senior Research Analyst

(612) 334-6347
alex.nowak@craig-hallum.com

Associate Analyst:
Will Fafinski
(612) 334-6378
will.fafinski@craig-hallum.com

Alexander Nowak, CFA joined Craig-Hallum Capital Group as a Senior Research Analyst in 2018 and focuses on diagnostics, life science tools and medical technology companies. Prior to joining Craig-Hallum, Alex was an assistant vice president and research analyst at Piper Jaffray. Alex received his BA in Finance from University of St. Thomas and is a CFA charterholder.

  • Research Coverage
  • Accelerate Diagnostics

  • CareDx

  • Exact Sciences

  • Misonix

  • Natera

  • Quidel

  • SmileDirectClub

  • Senseonics Holdings

  • Sientra

  • Bio-Techne

  • Tandem Diabetes Care

  • Alpha Select List
  • Alimera Sciences

  • Celcuity

  • DiaMedica Therapeutics

  • DarioHealth

  • HTG Molecular Diagnostics

  • KORU Medical Systems

  • Sensus Healthcare

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per ostlund

Per Ostlund Senior Research Analyst

(612) 334-6353
per.ostlund@craig-hallum.com

  • Alpha Select List
  • Chembio Diagnostics

  • iCAD

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eric des lauriers

Eric Des Lauriers Senior Research Analyst

(617) 275-5177
eric.deslauriers@craig-hallum.com

Eric Des Lauriers is a Senior Research Analyst at Craig-Hallum Capital Group.

  • Research Coverage
  • Green Thumb Industries

  • Innovative Industrial Properties

  • Trulieve Cannabis

  • Turning Point Brands

  • TerrAscend

  • Village Farms International

  • Alpha Select List
  • GrowGeneration

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alex fuhrman

Alex Fuhrman Senior Research Analyst

(612) 334-6360
alex.fuhrman@craig-hallum.com

Alex Fuhrman joined Craig-Hallum Capital Group in 2013 as a Senior Research Analyst, where he focuses on retailers and other consumer companies. Prior to joining Craig-Hallum, Mr. Fuhrman spent more than five years covering specialty retailers and department stores as an analyst at Raymond James and Piper Jaffray. Mr. Fuhrman holds a BS in Economics and an MBA in Finance from Tulane University in New Orleans, and is a CFA charterholder.

  • Research Coverage
  • Barnes & Noble

  • Barnes & Noble Education

  • Chegg

  • Fitbit

  • 1-800-FLOWERS

  • Grubhub

  • Lands’ End

  • Lindblad Expeditions Holdings

  • Lovesac

  • MGP Ingredients

  • Qurate Retail

  • Tivity Health

  • Waitr Holdings

  • Weight Watchers

  • Alpha Select List
  • BBQ Holdings

  • iMedia Brands

  • Lakeland Industries Inc.

  • Red Lion Hotels Corporation

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jeremy hamblin

Jeremy Hamblin Senior Research Analyst

(612) 334-6371
jeremy.hamblin@craig-hallum.com

Associate Analyst:
Ryan Kimbrel
(612) 334-6383
ryan.kimbrel@craig-hallum.com

Jeremy Hamblin joined Craig-Hallum Capital Group as a Senior Research Analyst in 2019, where he primarily covers the consumer sector. Prior to joining Craig-Hallum, Jeremy spent 6 years as a senior analyst at Dougherty & Company primarily covering the consumer sector. In addition, he had more than a decade of experience on the buy-side as an analyst and portfolio manager at Crown Advisors, Forefront Capital, Seamark Capital and Morgan Stanley Investment Management. He began his career with PricewaterhouseCoopers as an auditor and consultant in the assurance and advisory practice in New York City. Jeremy earned his BS in Business Administration from Bucknell University and earned an MBA from the Fuqua School of Business at Duke University.

  • Research Coverage
  • Axon Enterprise

  • Boot Barn Holdings

  • Five Below

  • Grocery Outlet Holding

  • Ollie’s Bargain Outlet Holdings

  • ShotSpotter

  • Carrols Restaurant Group

  • Alpha Select List
  • Aspen Group

  • The Joint

  • Kura Sushi USA

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greg palm

Greg Palm Senior Research Analyst

(612) 334-6355
greg.palm@craig-hallum.com

Greg Palm is a Senior Research Analyst at Craig-Hallum Capital Group covering industrial technology and manufacturing companies. Mr. Palm holds a BA in Economics from Gustavus Adolphus College and a Master of Science in Finance from Boston College.

  • Research Coverage
  • Columbus McKinnon

  • Cavco Industries

  • 3D Systems

  • DIRTT Environmental Solutions

  • Faro Technologies

  • Kornit Digital

  • nLight, Inc

  • Ranpak Holdings

  • Proto Labs

  • Skyline Champion

  • Stratasys

  • Alpha Select List
  • Allied Motion Technologies

  • CyberOptics

  • Perceptron

  • Transcat

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Ryan Sigdahl Senior Research Analyst

(612) 334-6376
ryan.sigdahl@craig-hallum.com

Ryan Sigdahl is a Senior Research Analyst at Craig-Hallum Capital Group, where he covers industrial technology, specialty consumer and online gaming companies. Prior to joining Craig-Hallum, Mr. Sigdahl was an audit senior at Deloitte. Mr. Sigdahl holds a BA in Economics-Finance and Accounting from Concordia College and is a CFA charterholder.

  • Research Coverage
  • Asbury Automotive Group

  • DraftKings

  • Daseke

  • GAN Limited

  • Gentex

  • MarineMax

  • Lithia Motors

  • Methode Electronics

  • Douglas Dynamics

  • SciPlay

  • Scientific Games Corporation

  • Sportsman’s Warehouse Holdings

  • Gentherm Incorporated

  • Wabash National

  • Alpha Select List
  • Hudson Technologies

  • Inspired Entertainment

  • Iteris

  • CarParts.com

  • Telenav

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eric stine

Eric Stine Senior Research Analyst

(612) 334-6389
eric.stine@craig-hallum.com

Associate Analyst:
Aaron Spychalla
(612) 334-6364
aaron.spychalla@craig-hallum.com

Eric Stine is a Senior Research Analyst in the Equity Research Department at Craig-Hallum Capital Group where he covers Clean Tech & Industrials. Mr. Stine has over 25 years of sell-side experience (including over a decade covering Clean Tech) and prior to joining Craig-Hallum in 2012 was a Senior Analyst at Northland Capital Markets and a Senior Trader at MJSK and R.J. Steichen. Mr. Stine has been recognized by Thomson Reuters for his stock picking abilities and earnings estimates, and received his BS in Finance from Miami University (Oxford, Ohio).

  • Research Coverage
  • Aegion

  • Ameresco

  • Apogee Enterprises

  • Blue Bird Corp.

  • Clean Energy Fuels Corp.

  • Capstone Turbine

  • Enphase Energy

  • Green Plains

  • Chart Industries

  • Pacific Ethanol

  • Plug Power

  • Power Solutions

  • TPI Composites

  • Westport Fuel Systems

  • Alpha Select List
  • American Superconductor

  • Aspen Aerogels

  • Broadwind

  • FuelCell Energy

  • LiqTech International

  • Orbital Energy Group

  • Orion Energy Systems

  • Vertex Energy

  • Xebec Adsorption

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Robin Garner Senior Research Analyst

(612) 334-6332
robin.garner@craig-hallum.com

Robin Garner is a Senior Research Analyst covering Specialty Pharma and Biotechnology from the Greenwich office. She brings more than 15 years of investment banking, private equity, and operating experience within the healthcare industry. Prior to joining Craig-Hallum, Robin was a Senior Research Analyst covering Immunology at LifeSci Capital. Her investment experience includes serving as Vice President at HighCape Partners and as an Analyst at Aisling Capital. Robin also held strategic planning and finance roles at Regeneron Pharmaceuticals. She began her career at Merrill Lynch in investment banking, where she completed over $1 billion in public and private financings for growth equity, M&A, and special situations. Robin received a B.S. in Molecular, Cellular, and Developmental Biology from Yale University