CNBC Talks Solar on the Stock Market
There was a time–before ozone depletion, before someone reset the thermostat–that the idea of alternative energy appearing anywhere close to a stock analyst’s desk was laughable. In the days of Gordon Gecko, the solar panels had been taken off the White House roof. The fad was dead. And while the conversation is not entirely positive, its a breath of fresh air to see the big guys (you know, the guys who wear suits to work) talking about our little energy revolution and the serious money potential it has. You will hear talk of solar energy as an unstable “roller coaster” stock, a front currently propped up by government subsidy and cow-towing to the whims of Washington. But you will also hear from Kevin Landis, CIO of Firsthand Capital Management. Landis recommends forgetting about First Solar, the most expensive of all solar stocks and invest in smaller companies like SunTech and SunPower. The reason Landis differs from the rest of the group on this issue is he has been following the rate that the technology is catching on (30-50% growth per year) and is impressed by innovations that will make solar more efficient in the future, bringing costs down and making solar energy more profitable. “We are closer than you think,” Landis exclaims. While solar cannot currently take the place of other forms of energy exclusively, investing in technologies and alternative energy providers will help investors prepare for a boom in this market and will ensure that technologies are in place to battle ever-rising electricity rates. Wanna get in on the action yourself? Solar States is looking for investors interested in being a part of a growing Philadelphia industry dedicated to creating jobs, educating our citizens on energy independence and selling clean, renewable power to Philadelphia’s commercial sector without the big upfront investment. Contact john@solar-states.com or the contact form on our website to receive a lender prospectus.
