Dr. David Horning is an investment analyst focusing on the energy technology and alternative energy sectors. Prior to joining Palo Alto Investors, he worked as a Senior Research Analyst at Washington Mutual where his responsibilities included modeling and analytical support for the valuation, hedging, and trading of mortgage-backed assets. Dr. Horning's work experience also includes five years as an engineer and project manager in the gas turbine industry. Most recently, he was a project manager at Capstone Turbine, an energy-technology company focused on the development and commercialization of microturbines for distributed energy applications.

Dr. Horning received a Ph.D. in Mechanical Engineering and a Master of Science in Management Science and Engineering from Stanford University. His doctoral research focused on the ignition properties and combustion chemistry of gaseous and liquid hydrocarbons and fuel additives. He also received his Master of Science and Bachelor of Science degrees in Mechanical Engineering from the University of Washington, where he conducted research on lean-premixed combustion for gas turbine applications. Dr. Horning is also a CFA charterholder.