DougM

Three Reasons Solar Sell-off May Be in Early Innings

I don't think a McCain presidency means we won't do as much solar. Fact is the industry's running flat-out, and that's likely to continue no matter who wins. As a fan of the drill-drill-drill idea, what I would say about my side of that issue is that we need to be realistic about how long it will take before we have enough solar capacity (and electric cars) to make a dent in our oil demand, so we need more production to get us through the next 10-20 years. That is in line with what both McCain and Palin are saying. Meantime, the real competition for solar isn't oil, it's nat gas. Power companies unable to use the cheapest source (coal) have been turning to gas in droves over the past 10 years. Nat gas is cheap and getting cheaper. All that said, valuations in the solar sector are stratospheric.