scfranklin94

The Sun Is Not Also Rising Over Solar Stocks

Wait till either the credit markets get healthier or crude makes a bottom (both will probably happen about the same time). If crude drops to $50 or below, solar stocks will drift down due to lack of credit/urgency by utilities to invest.

As for Dubai's investment in solar, my prediction is that it will get axed as Dubai starts to get hammered by the credit crunch and lower crude prices. The biggest creditors of Dubai are Kuwait, the Saudis and the UAE. It was one thing when crude was over $100 and the oil producing states were looking for a home for their cash; it's another thing when they're trying to stabilize their national budgets that have grown rapidly in the last two years.