Sol Invictus

Goldman Turns Cautious on Solar Sector

I can not believe Goldman used this argument to cut its target prices ! THe "oversupply theory" has been discussed for months and the recent policies (US ITC + Spanish cap increase to 500 MW + German new tariffs) are strong arguments against this theory.

The fact is that they were embarassed with the huge differences between their target prices and the current ridiculous spot valuations.

These cowards used the fisrt arguments that sounded pessimistic enough to be credible in this bearish market in order to adjust their target prices closer to spot levels... What an intellectual dishonesty !!