Piggybank

There's a Solar Shakeout Coming - Citigroup

What a load of nonsense. I bet they the analysts at citigroup make their predictions on whether they throw well or not on a dartboard. Advice brought to you buy people who messed up big time in the credit market, at this point i would just do the reserve of what they are saying, look at their own stock, who still has confidence in this establishment?

Spain and Germany's subsidies program at risk? Like they know anything about it. What they came over here and asked Merkel and Zapatero themselfs? I bet they can't even point Frankfurt on the map.

Solars keep ramping up production due to high demand. Saying this demand won't rise in the future is more speculative giving the trend than saying demand will keep going up. Like Citigroup has a magic orb that can predict the future in this regard.

And then there is the matter of P/E's. FSLR and SPWR are valuated taking into account large growth in a large growth market. If this market won't grow like this Citigroup man predicts, then these stocks are overvalued. Putting a buy with target 450$ on FSLR in this regard is just rediculous, not to speak about SPWR.

Lets face it, Citigroup doesn't know much more about this market than we do, why would we listen to them?