NEWPORT BEACH, Calif.--(BUSINESS WIRE)--ROTH Capital Partners (ROTH), a full service investment bank recognized for providing financing and advisory services to emerging growth companies worldwide, today announced that it has initiated research coverage on four Chinese solar companies: LDK Solar (NYSE: LDK), Renesola (NYSE: SOL), Trina Solar (NYSE: TSL), and Yingli Green Energy (NYSE: YGE). ROTH Senior Research Analyst, Philip Shen, will cover the new companies. Their addition, along with existing coverage on Daqo New Energy (NYSE: DQ), Hanwha SolarOne (NASDAQ: HSOL), and JinkoSolar (NYSE: JKS), expands ROTH’s research coverage to seven companies within China’s solar sector, which now spans the entire photovoltaic solar value chain—from polysilicon production, through ingot, wafer, cell, and module manufacturing, to downstream solar system development.

“We believe China’s fast-growing and vibrant CleanTech industry presents a compelling investment theme,” said Mr. Shen. “China has quickly become the CleanTech manufacturing capital of the world for sectors such as solar and wind. In 2010, Chinese solar companies manufactured over half of the total global solar module supply, most of which was exported to Europe and the U.S. The PRC government is aggressively supporting domestic solar power installations, with the 12^th Five Year Plan targeting installations of 5 GW by 2015 and 20 GW by 2020.”

In January, ROTH published its 2011 solar industry outlook entitled, Low Cost, Bankable Solar Manufacturers to Win in 2011. While there is a risk of overcapacity in 2011, ROTH believes global demand will keep pace with supply, thereby supporting earnings growth for low cost, bankable manufacturers.

“ROTH remains committed to the China sector and is excited to expand its presence in high-growth industry verticals such as CleanTech,” said Mark Tobin, ROTH Co-Director of Research. “Our focus on key sectors enables us to increasingly add value to our institutional investor clients.”

On April 27-28, ROTH will co-host the ROTH ChinaVenture Investment Conference in Shanghai, which will be attended by leading Chinese private equity and venture capital firms and representatives from select Chinese companies. One of the highlighted presentations at the conference will focus on the CleanTech industry in China and will be moderated by ROTH Managing Director Bin Yang. Philip Shen will participate as a panelist, along with Kevin Wang, Founder of Envision Capital, Cadol Cheung, Partner of FUEL Capital, Amir Gal-Or from Infiniti, David Wang, Managing Director of Legend Capital, Forrest Zhong, Founder of South River Capital, Sam Zhang, CFO of Jinko Solar, and James Li, President of China Hydroelectric Corporation (NYSE: CHC). The panel will discuss how to identify and analyze the opportunities and challenges in the CleanTech space, including solar, wind, nuclear, hydroelectric, smart grid, battery, environmental protection, and water and waste treatment.

Since 2003, ROTH has executed 82 financings in the U.S.-listed China space, raising over $3.1 billion for its China clients, and has significantly increased its market position in this sector. ROTH is one of the most dedicated U.S. investment banks to focus on financing U.S.-listed Chinese companies and has maintained a Shanghai Representative Office since 2007 and opened a Hong Kong Office in December 2010. ROTH’s China research team consists of 11 professionals who currently cover over 60 U.S.-listed Chinese companies.

About ROTH Capital Partners, LLC:

ROTH is a relationship-driven investment bank focused on identifying opportunities for institutional investors in U.S.-listed equity securities of companies based in the U.S. and China. Headquartered in Newport Beach, CA, with offices throughout the U.S., Hong Kong and a Shanghai Representative Office, the employee-owned firm provides analytical research, trading, capital raising, and business combination advisory services. ROTH seeks to implement innovative financing strategies to efficiently meet the liquidity and valuation requirements of both its corporate and institutional investor clients.

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