Tough Times ahead for the Solar Power Industry?

December 22, 2008 at 11:42 am Leave a comment

According to a just released report on Reuters where they interviewed several noted analysts there are some possibly tough times ahead for the solar power industry.

The story, here on Planetark.org (http://planetark.org/wen/50973) suggests that it might be a good thing that some of the smaller companies might go into bankruptcy.

Excerpt: “It will be a tumultuous year for most solar companies,” said Karina Funk, an analyst with Winslow Green Funds in Boston.

The WilderHill Clean Energy index, whose components include SunPower Corp, First Solar Inc, Suntech Power Holdings Co Ltd and other solar companies, is down about 70 percent so far this year. That far surpasses the nearly 40 percent decline in the Standard & Poor’s 500 index in 2008.

The gloom over solar stocks followed a sharp run-up in 2007 as investors banked on increased concerns about climate change and rising oil prices to spur demand for clean energy sources.

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Entry filed under: Solar Power. Tags: .

Solar Power comes to Radio Weird Building Links for Dec. 24, 2008

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