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Recession-hit Spain is set to be the latest European country to slash solar subsidies: sources...

Recession-hit Spain is set to be the latest European country to slash solar subsidies: sources tell the WSJ the government will announce 10%-20% cuts as soon as June 21. Europe's share of global solar installations has already been rapidly declining, thanks to macro issues and subsidy cuts in Germany (Europe's largest market). Solar shares are rallying in spite of the news (TAN +3.2%). LDK +7.6%. SOL +8.1%. SPWR +4.7%YGE +5.3%. SUNE +3.9% in spite of getting started at Equalweight by Morgan Stanley. SolarCity (SCTY +5.8%) is up ahead of tomorrow's lockup expiration, after getting hammered last week.
Comments (4)
  • SoldHigh
    , contributor
    Comments (983) | Send Message
     
    A govt handout is only being cut 10-20%? LOL

     

    If it's viable, a 100% cut would be prudent.
    10 Jun 2013, 11:42 AM Reply Like
  • Michael Bryant
    , contributor
    Comments (5182) | Send Message
     
    Have you seen Real Goods Solar (RSOL)? Up 27%.
    11 Jun 2013, 08:25 AM Reply Like
  • iShrug
    , contributor
    Comments (17) | Send Message
     
    Yo, does this give a clue about the economic damage that "green" energy policy is costing the United States of America? There are no green jobs. Just ask Spain.
    12 Jun 2013, 11:06 PM Reply Like
  • Michael Bryant
    , contributor
    Comments (5182) | Send Message
     
    An extreme example of high economic growth with no environmental policy. You wanna live there? How about that mile-wide acid lake and air so bad in Beijing that you have to wear masks? There are always trade-offs. What is more important? Well, The Day After Tomorrow answered that.
    1 Jul 2013, 12:25 AM Reply Like
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