Jacksplace1o2

Follow the Mutual Funds: Solar Is Bottoming

This author knows absolutely nothing about the solar sector, and it is offensive seeking alpha published this report. First of all, YGE, CSIQ, and SOLF all have sales in other countries and continents outside of Europe. They also lowered their 2009 guidance because of slowing demand worldwide due to the global recession, not weakness in the EURO. Poor exchange rates due to a strengthening dollar may marginally effect earnings, but asp price declines, falling commodities prices, and the global recession are the reasons why solar companies have been slashing guidance. The bottom in solar will be reached when oil, natural gas, and coal bottoms, because solar stocks are pegged to the prices of the commodities they compete with.