User 129597

Beware of the Solar Stock Fad

Roger clearly hasn't done his homework on this industry. Supply can't meet demand and most companies are sold out into 2009.. Despite that, their P/E multiples range from 11X to 30X with 30-40% growth rates.. Hardly seems to be a fad.. It seems more like the beginning bell went off last year. This year we are getting a big correction, and as time goes by the fundamentals of growth will determine the stocks performance. First Solar is the only one with a very high (too high) a P/E multiple.. Conservative analysts are picking Canadian Solar for its 11X P/E and its 40% growth rate.