David Schrader

Solar Stocks Won't Stay Down for Long

In my humble opinion, solar is not "clearly a winning technology" by any stretch of the imagination. It's a relatively expensive technology at the moment and there doesn't seem to be any tech advances proving otherwise that I've read about. I did hear of a firm looking to withdraw solar rays from space and beam them down to their plant - which apparently allows for a much stronger power generation but even that is not a guarantee. The expense of doing so and inconsistency of oil prices will cause solar to fade off for longer than a little while. The main issue here is that people adjust to pain too well and they forget too quickly (think frog in boiling water example). Oil has spiked to "record levels" before and these alternative energies were jumped into just as they are now. Well, the cycle continues. I expect eventually we'll need to rely on solar power but I doubt it will be any time in the next ten years, and my money is not getting locked up in something with minimal potential ROI for a decade or more.