NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Fifth paragraph, first sentence should read "...and with more demand..." (instead of "...and more and more demand..."). Fifth paragraph, fourth sentence should read "...marginal China demand is still critical..." (instead of "...marginal China is still critical...").
The corrected release reads:
6TH ANNUAL ROTH CHINA SOLAR TOUR TO BE HELD IN CONJUNCTION WITH SNEC POWER EXPO IN SHANGHAI JUNE 3-6, 2019
ROTH Investor Tour to Meet with ~20 Solar Power and Clean Technology Companies on Booth Tours and Facility Visits
ROTH Capital Partners (ROTH), www.roth.com, a full-service investment bank focused on serving emerging growth companies and their investors, today announced that it will host its 6th Annual China Solar Tour in Shanghai on June 3-6, 2019. The event is held in conjunction with SNEC – 13th Annual International Photovoltaic Power Generation and Smart Energy Exhibition & Conference, one of the largest annual solar & smart energy conferences/expos in the world.
This invitation-only event, which will be hosted by ROTH’s Cleantech Senior Research Analysts Philip Shen and Craig Irwin, will provide an opportunity for industry executives and institutional investors to meet and exchange views on the latest industry trends & issues.
“We are at the beginning of a new era of solar: Subsidy-free economic demand. We expect this to be a key theme in the current upcycle as we believe the industry has quietly reached the Holy Grail inflection point of unsubsidized demand. This will result in future solar cycles becoming increasingly more driven by the global economic cycle, rather than individual country subsidy policies. We are already starting to see subsidy-free green shoots of demand throughout the world, especially in Europe, and eventually throughout the world. Moreover, we expect the industry structure to consolidate at an accelerating pace as many companies will likely not be able to maintain the R&D investment and capex required to remain profitable and competitive. Our tour is designed to explore these trends and more to uncover investment opportunities,” said Jesse Pichel, Managing Director – Cleantech Investment Banking at ROTH.
“Additionally, this year we are touring some of the largest EV and battery module suppliers to the Chinese Electric vehicle supply chain. China is the largest producer and end market for electrical vehicles.”
According to Mr. Shen, “We expect industry visibility to improve commensurate with less and less dependence on country subsidy policies and with more demand supported by non-subsidy enabled economics. This improved visibility, in our view, will lead to multiple expansion for the overall sector over time. We believe investors do not fully appreciate this yet, but we expect this to be a theme for years to come. That said, marginal China demand is still critical to the current solar cycle. With the SNEC Power Generation and Smart Energy Expo as the largest solar and storage conferences in the world, we expect our booth tour at SNEC to provide investors with insight into how China’s growth could drive near-term supply/demand dynamics as well as how this new era of subsidy-free economic demand will sustain the industry for years to come.”
“We plan to meet with companies representing each step of the power generation and smart energy value chain, including: (1) Upstream polysilicon producers; (2) Midstream wafer, cell, and module manufacturers; (3) BOS/Inverter suppliers; (4) Equipment manufacturers; (5) Downstream players; (6) Energy Storage, Hydrogen Energy and Fuel Cell Technology Companies, and (7) Industry experts.”
Craig Irwin will be giving two speeches during the SNEC Conference and EXPO. The closing keynote on June 4th titled “Energy Storage: Emerging Paradigms in Transportation and Utility” during the sub event named 2019 Int’l Energy Storage and Hydrogen & Fuel Cell Engineering Technology Conference. On June 5th, during the 8th Global Green Energy and PV Financial Summit, Mr. Irwin will be on a panel titled “Green finance: What are the various options available and how are they supporting industry growth?”. For details on the SNEC agenda and panels, see - http://www.snec.org.cn/HomePage.aspx?lang=en.
This trip will include booth tours during the SNEC Power Generation and Smart Energy Expo, which will feature nearly 2,000 companies and exhibitors from over 90 countries, a tour of the Human Horizons manufacturing facility, and the WM Motor facility in Shanghai, as well as, a tour of Wuxi Lead Intelligent Equipment facility in Jiangsu.
Our collective cleantech banking team has been involved in ~170 cleantech transactions over the past decade with a total transaction value of over $16B. (Source – ROTH Capital – 05/17/2019)
ROTH is a founding member of Sustain SoCal (formerly Sustain OC), a trade association with its roots in cleantech economic growth that accelerates sustainability in Southern California through innovation, collaboration and education. ROTH is also a member of Solar Energy Industries Association (SEIA).
Event sponsors include Business Wire and The Blueshirt Group Asia.
List of participating companies as of this release (As of 05/23/2019 – subject to change):
|Asia Clean Capital||PRIVATE|
|Canadian Solar Inc.||CSIQ|
|Daqo New Energy Corp.||DQ|
|GameChange Solar LP*||PRIVATE|
|Huawei Technologies Co. Ltd.||PRIVATE|
|JinkoSolar Holding Co., Ltd.||JKS|
|Longi Green Energy Technology||SSE: 601012|
|Singapore Solar Exchange||PRIVATE|
|Tianjin Zhonghuan*||SZ: 002129|
|Tongwei Co., Ltd||SH: 600438|
|Wuxi Lead Intelligent Equipment||SZSE: 300450|
|Xinyi Glass||HK: 00968|
*Invited as of 05/23/2019
About Roth Capital Partners, LLC:
ROTH Capital Partners, LLC (ROTH), is a relationship-driven investment bank focused on serving emerging growth companies and their investors. As a full-service investment bank, ROTH provides capital raising, M&A advisory, analytical research, trading, market-making services and corporate access.
Headquartered in Newport Beach, Calif., ROTH is privately-held and owned by its employees, and maintains regional offices throughout the U.S. For more information on ROTH, please visit www.roth.com.