Solar Power: Is It Ready for Real This Time? - Voice of the People
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Solar Power: Is It Ready for Real This Time?
To me investing in solar is all about short periods of time because these stocks are so volatile. I read a few articles about solar lately. Costs of production are coming down because a key ingredient poly-silicon is in over abundance; price drop is 93% as of a few months ago.
This price drop has put solar energy production much closer to a breakeven. When countries in Europe started pulling the plug on government subsidies solar stocks tanked a few years ago. I'm looking SunPower ( SPWR ) on a pull back, like a lot stocks SPWR has been hot year to date.
GE ( GE ) is building a huge solar panel plant. With production costs going down and the big guys ( GE ) getting in Solar power is not going away. SPWR has some big name investment house attention lately with their 5 energy plays this year. When SPWR pulls back a little I'm in.
There are others names left in solar since the industry shake out last year. Solar is still a very risky trade but there are good signs that it could be rewarding risk.
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