GT Solar International (NASDAQ:SOLR) has been getting hit hard recently as funding in the industry around the U.S. and the world is starting to fizzle as governments look closely at the industry and question the value of the sector as a viable energy source.
Uncertainty surrounding Italy cutting back on its financial commitment to the solar industry while deciding to focus on rooftop solar has hurt some companies in the sector and possibly could help others. But it shows the reason there is so much volatility in the industry, as it is increasingly being questioned by governments as to the viability of solar and other non-convential energy sources being worth the cost and effort, as they are unreliable, expensive and won't help much over the long term.
Germany also announced on Friday they're probably going to revisit their commitment to the size of its feed-in-tariff, which is likely to be lowered, based on the comment itself.
Bill Gates also recently said solar and other so-called alternative energy sources have no real chance of dealing with our energy challenges, and rightly called solar and wind energy a "cute" idea but being no solution to our energy needs.
The truth is if an industry can't survive without the government, it's not a real market, but an artificial construct that needs to be abandoned as far as taxpayer subsidies and allowed to compete on its own in the marketplace. That includes all energy sectors.
GT Solar International, Inc. participates in the design and manufacture of manufacturing equipment; and provision of services for the production of photovoltaic (PV), wafer, cell and module, and polysilicon products around the world.
GT Solar International (SOLR) closed Friday at $11.36, dropping $0.08, or 0.70 percent.
Monday, May 16, 2011
GT Solar (SOLR) Down on Industry Weakness
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4 comments:
Terrible research Allen. Come on, you must be sarcastic posting this with no mention whatsoever of the orders that GT Solar has received in the last two weeks that total over $400m. They have no need for funding, have tons of cash relative to their debt (nice quick ratio) and have one of the lowest PEG ratios of anyone in the industry. DO SOME RESEARCH. They don't even do business in Europe, their focus is on Asia, so please take your bearish opinions elsewhere where they are deserved.
Hahahahahha, "Getting hit hard" means up $0.51 in early morning trading. God you're pathetic. How do you even have money to pay for internet?
Is this Blog called "Everything Gold"? Sounds to me like you are stuck with the past! Tell me the oil industry do not receive government subsidy, and big farmers do not receive government subsidy!
Speaking of Bill Gates, what kind of credibility does he have? There are as many people who hate him as people who like him. What is your intention of posting this blog, buddy?
Yeah looks like SOLR is doing really poorly, up almost 4% today and reaching a new 52 week high. Good call, buddy.
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