Wow. Read this article on CNN and get some wind behind your sail if you are in the renewable energy business.
Having just returned from Solar Power International, the largest american solar energy trade show, it was a bit frightening to think that so many companies are going to go under because they don’t have the financial backbone to last during this low-balling-price-dropping cycle.
Reading the article gives hope that demand is going to simply create a natural rebound for the pricing and profitability. This might indeed be a good time to buy some stocks in the sector.
If indeed California can get 20% of its power in 2020 from renewables, that would be amazing. I say we move to 40% by 2030 and over 50% by 2040. That would be game changing on the geopolitical forces that are as important as anything in the energy field.