Roth Capital
Upgrade grade
C
Downgrade grade
A
Roth Capital Partners was founded in 1989 and has established itself as a respected mid-market investment bank with a particular strength in equity research and institutional sales. The firm operates with approximately 200 professionals across multiple offices and has built a reputation for providing thoughtful, independent analysis with particular depth in technology, healthcare, and consumer sectors. Known for their approximately 1,233 analyst ratings on US equities in our database, Roth has cultivated a culture of contrarian thinking and is respected for taking positions that diverge from consensus when their research supports it. The firm is distinctive for maintaining a relatively concentrated analyst roster compared to larger bulge-bracket competitors, which allows their teams to develop genuine expertise in specific subsectors rather than spreading coverage too thinly across entire industries.
Upgrades
117
71.79% win rate
· avg +4.75% D1
Downgrades
161
78.26% win rate
· avg -7.54% D1
Avg Gap — Upgrades
+3.73%
open vs prev close
Avg Gap — Downgrades
-6.07%
open vs prev close
Performance by Sector
| Sector | ↑ Win% | ↑ D1 | ↓ Win% | ↓ D1 |
|---|---|---|---|---|
| Energy | 83.33% (24) | +6.66% | 88.24% (34) | -8.42% |
| Technology | 72.41% (29) | +6.28% | 81.48% (27) | -8.09% |
| Consumer Cyclical | 66.67% (21) | +1.98% | 76.67% (30) | -3.63% |
| Industrials | 73.33% (15) | +3.93% | 65.00% (20) | -5.79% |
| Healthcare | 45.45% (11) | -1.35% | 85.00% (20) | -13.09% |
| Basic Materials | 72.73% (11) | +8.23% | 66.67% (18) | -5.54% |
Win Rate by Year
| Year | ↑ Win% | ↑ Calls | ↓ Win% | ↓ Calls |
|---|---|---|---|---|
| 2026 | — | — | 90.0% | 10 |
| 2025 | — | — | 100.0% | 14 |
| 2022 | 69.2% | 13 | 73.9% | 23 |
| 2021 | 83.3% | 18 | 86.4% | 22 |
| 2020 | 37.5% | 16 | 63.2% | 19 |
| 2019 | 70.0% | 10 | 66.7% | 12 |
| 2018 | — | — | 85.7% | 14 |
| 2016 | — | — | 78.6% | 14 |
| 2015 | — | — | 90.0% | 10 |
Recent Calls
| Date | Ticker | Company | Sector | Action | Grade Change | PT | Gap | D1 |
|---|---|---|---|---|---|---|---|---|
| May 18, 2026 | ELMT | Elmet Group Co. | Industrials | Initiates | Buy | $21 | +1.9% | -7.1% |
| May 14, 2026 | RMIX | Suncrete, Inc. Class A Common Stock | — | Initiates | Buy | $21 | +5.4% | -0.7% |
| May 13, 2026 | UMAC | Unusual Machines, Inc. | Financial Services | Initiates | Buy | $25 | +7.2% | +6.0% |
| May 8, 2026 | SATL | Satellogic Inc. | Technology | Initiates | Buy | $10 | +5.0% | +14.4% |
| May 8, 2026 | UPWK | Upwork Inc. | Industrials | Downgrade | Buy → Neutral | $10 | -27.9% | -16.9% |
| May 8, 2026 | AGO | Assured Guaranty Ltd. | Financial Services | Downgrade | Buy → Neutral | $80 | -4.2% | -9.0% |
| May 8, 2026 | FLNC | Fluence Energy, Inc. | Utilities | Upgrade | Neutral → Buy | $26 | +25.4% | +27.4% |
| May 6, 2026 | LCII | LCI Industries | Consumer Cyclical | Upgrade | Neutral → Buy | $164 | +3.6% | +4.4% |
| Apr 30, 2026 | MG | Mistras Group, Inc. | Industrials | Initiates | Buy | $22 | +2.8% | +2.1% |
| Apr 28, 2026 | CINF | Cincinnati Financial Corporation | Financial Services | Maintains | Buy → Buy | — | -1.5% | -0.4% |
| Apr 24, 2026 | MXL | MaxLinear, Inc. | Technology | Upgrade | Neutral → Buy | $60 | +57.7% | +76.1% |
| Apr 24, 2026 | INTC | Intel Corporation | Technology | Upgrade | Neutral → Buy | $100 | +23.1% | +23.6% |
| Apr 22, 2026 | PTLO | Portillo's Inc. | Consumer Cyclical | Initiates | Buy | $9 | +3.8% | +4.2% |
| Apr 22, 2026 | CAVA | CAVA Group, Inc. | Consumer Cyclical | Initiates | Buy | $106 | +0.9% | +0.5% |
| Apr 17, 2026 | EQ | Equillium, Inc. | Healthcare | Maintains | Buy → Buy | — | +4.0% | +3.5% |
| Apr 17, 2026 | FLY | Firefly Aerospace Inc. | Industrials | Maintains | Buy → Buy | — | +1.1% | -1.0% |
| Apr 17, 2026 | LUNR | Intuitive Machines, Inc. | Industrials | Maintains | Buy → Buy | — | +1.8% | +1.1% |
| Apr 17, 2026 | CHRD | Chord Energy Corporation | Energy | Maintains | Buy → Buy | — | -6.3% | -7.8% |
| Apr 17, 2026 | INSM | Insmed Incorporated | Healthcare | Maintains | Buy → Buy | — | +1.0% | +1.2% |
| Apr 17, 2026 | RKLB | Rocket Lab USA, Inc. | Industrials | Maintains | Buy → Buy | — | +1.4% | +2.3% |
| Apr 16, 2026 | MRLN | Merlin, Inc. | Technology | Maintains | Buy → Buy | — | +19.0% | +12.6% |
| Apr 16, 2026 | PATK | Patrick Industries, Inc. | Consumer Cyclical | Maintains | Buy → Buy | — | -1.0% | +3.7% |
| Apr 10, 2026 | BYRN | Byrna Technologies Inc. | Industrials | Maintains | Buy → Buy | — | -0.3% | -10.6% |
| Apr 8, 2026 | TALO | Talos Energy Inc. | Energy | Downgrade | Buy → Neutral | — | -11.2% | -7.7% |
| Apr 8, 2026 | SM | SM Energy Company | Energy | Downgrade | Buy → Neutral | — | -11.5% | -8.1% |