Boruma

First Solar's Future: Bright or Dim?

CORRECTION: meant to add the word "not" after "has" in the first line

First Solar's Future: Bright or Dim?

I agree with the general sentiment that Stephen has really thought through his arguments on the true economic cost. However I would also be shy on solar stocks (for now) as with similar sectors which depend on leverage and the availability of bank credit (directly or indirectly). Many of the big commercial schemes which buy PV product are getting stuck now because banks are suddenly tightening terms or simily pulling out deals. I imagine that a similar trend will emerge in the residential market. This negative effect caused by the credit crunch should play out over the next year, possibly longer, and at that point I will reassess my cautious position.