rockymtnway

Solar Breaks Oil Price Dependence

Of course there's a coorelation between various energy sources; it's a free market system. ...or at least it's supposed to be. Solar has the benefit of subsidies in many nations in the world. Without those subsidies, just how many solar manufacturers would be showing any profit this year? Probably none. While there is good coming out of the current influx of money into solar in the form of increased research money and production capacities, solar will only show it has a future when it can demonstrate the ability to out-profit oil, gas, nuclear and wind. That's not happening right now and for many solar companies, it may never happen.

Until CSIQ and the other solar giants start producing 2-5% dividends on top of multi-billion dollar profits like XOM & COP, their price is based on nothing more than hope, dreams and subsidies.