Piggybank

Solar Companies Discuss Possible Effects of the Downturn on Their Industry

good stuff. Solar is part of the sollution to this mess. Decrease oil dependency, make the economy more effeciant, increase margins of all industry's with cheaper electricity, create jobs, and help the ecology. The subsidies are in place, the quarter results and growth of solar company's remain strong. there has been no indication yet that this industry is in any way affeced, while we see about every other industry be affected indeed.

The maket has so far overreacted with arbitrary selling off everything. Sure solar multipliers were high, but it is a strong growth sector too. the raw numbers remain great, rising sales, rising profit, expanding industry. Let the industry post another 2 quarters of great numbers on earnings during this crisis and were off for decades. people will weel unhappy should they not have taken the opportunity to buy at these cheap levels if this scenario continues to fold out so positivly.

And why not? Solar is not a big industry. With all it's current cappacity it hardly manages to provide more than 0.3% of world needed electricity. All in all, i think this industry is still so small and yet so promising that it is quite easy to dodge the ill effects of this credit crisis. And afterall, the only concern for solar company's atm is that this crisis might inpact it's superb growth, not it's current revenue. Other company's are facing real decline in demand, solar is not even feeling decline in a demand that is far higher than the sector's output, to be only concerned about how fast they could still grow, thats one heck of a luxury at this moment.