SOURCE: Goldman Small Cap Research, Inc.

November 20, 2013 13:30 ET

Goldman Small Cap Research Initiates Coverage of China Recycling Energy Corporation

BALTIMORE, MD--(Marketwired - Nov 20, 2013) - Goldman Small Cap Research, a stock market research firm focused on the small cap and micro cap sectors, announced today that it has initiated research coverage of China Recycling Energy Corporation (NASDAQ: CREG), a leading provider of environmentally friendly waste-to-energy technologies to recycle industrial byproducts for steel mills, cement factories and coke plants in China. 

With an early-mover advantage and 15 completed projects worth hundreds of millions of dollars, CREG is poised to dominate the renewable energy industry in China. The Chinese government has adopted policies to encourage the use of recycling technologies and renewable energy resources are viewed as critical to market growth due to intensified environmental concerns and rising energy costs. The Company's systems recover energy in the form of pressure, heat and gas and convert it into electricity. CREG's power systems recover previously wasted, cost free byproducts such as heat, pressure, steam, and other residuals generated during industrial production processes.

In the Goldman Opportunity Research report on the Company, analyst Rob Goldman outlines his investment thesis.

"In our view, the CREG business model has no competition and is a win-win for its customers. CREG provides the initial capex investment for the customer in exchange for a long-term production agreement with attractive returns on investment thereby enabling customers to improve energy efficiency and reduce emissions, resulting in long-term recurring revenue via a project finance sales-type model."

"CREG is very profitable with payback of its projects on average of 3-4 years. In addition to its 15 completed systems, 2 projects are under construction and CREG has a pipeline of 6 large-scale deals, affirming its huge growth opportunity. We believe that CREG is the best pure play renewable energy stock focused on the China market and is trading at a low valuation relative to a big increase in future earnings."

This press release contains excerpts of our most recently published research report on China Recycling Energy Corporation. To view the sponsored research report, disclosures and disclaimers, or to download the report in its entirety, please visit www.goldmanresearch.com.

About Goldman Small Cap Research: Led by former Piper Jaffray analyst and mutual fund manager Rob Goldman, Goldman Small Cap Research produces sponsored and non-sponsored small cap and micro cap stock research reports, articles, daily stock market blogs, and popular investment newsletters. Goldman Small Cap Research is not in any way affiliated with Goldman Sachs & Co.

A Goldman Small Cap Research report, update, newsletter, or article is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed. Please read all associated full disclosures, disclaimers, and analyst background on our website before investing. Neither Goldman Small Cap Research nor its parent is a registered investment adviser or broker-dealer with FINRA or any other agency. To download our research, view our disclosures, or for more information, visit www.goldmanresearch.com.

About China Recycling Energy Corp. (NASDAQ: CREG): China Recycling Energy Corp. (NASDAQ: CREG or "the Company") is based in Xi'an, China and provides environmentally friendly waste-to-energy technologies to recycle industrial byproducts for steel mills, cement factories and coke plants in China. Byproducts include heat, steam, pressure, and exhaust to generate large amounts of lower-cost electricity and reduce the need for outside electrical sources. The Chinese government has adopted policies to encourage the use of recycling technologies to optimize resource allocation and reduce pollution. Currently, recycled energy represents only an estimated 1 percent of total energy consumption and this renewable energy resource is viewed as a growth market due to intensified environmental concerns and rising energy costs as the Chinese economy continues to expand. The management and engineering teams have over 20 years of experience in industrial energy recovery in China.

For more information, visit the Company's website: www.Creg-cn.com

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