The solar industry and solar companies like Yingli Green Energy (NYSE:YGE), Ascent Solar Technologies (ASTI), JA Solar (NASDAQ:JASO), Canadian Solar (NASDAQ:CSIQ), Hanwha SolarOne Co., Ltd.(NASDAQ:HSOL) and Jinko Solar (NYSE:JKS) are under increasing pressure as the government-created market, which the vast of majority of consumers really don't care about, is struggling because of the two major markets - Germany and Italy, which have been cutting back on subsidies, leaving a large gap in the demand side of the market, which isn't being taken up by any other country at this time, although there are small increases in various countries, including America.
It is increasingly realized that solar (or wind) isn't or won't be the answer to future energy needs, as they're unreliable and expensive, and can't even come close to meeting existing needs, let alone the growing needs of countries around the world.
The best thing to do in energy across the board is to get rid of all government subsidies in every energy sector and let the market decide what it wants.
Government interference through excessive regulation and taxation also needs to be cut back on, as it's only in place in order to promote the so-called "clean energy" initiative, which isn't as clean and green as being put forth, but is a media darling and is reported as being the future of energy, when if fact anyone that knows the energy sector understands at best it'll be a small supplemental part of the energy future, and one that probably doesn't even need to be pursued.
There will probably be a consolidation in the industry even as solar companies continue to mostly operate under losses, even with the generous subsidies and government pressure on competing energy industries.
Hanwha SolarOne Co., Ltd.(HSOL) closed Friday at $6.14, gaining $0.23, or 3.89 percent.
Monday, May 9, 2011
Solar's (YGE) (ASTI) (JASO) (CSIQ) (HSOL) (JKS) Facing Tough Times
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12 comments:
Most companies operate under losses even with subsidiaries? Not sure what annual reports Mr Allen has read but its obviously not the leading solar companies´ reports...
It is a TOTAL LIE to say that solar companies continue to mostly operate under losses. Mr Allen and his colleques are systematically diffusing LIES about Solar companies and their future. We know you already well to well and agree that your place should be definetly on the dark side of the moon.
This guy is a stooge for someone or something - based on his bias my guess is Nuclear Industry ties somehow, either heavily invested or industry insider....
i think the operator of this website has a short interest in solar stocks and so decides to discount the market as some fly by night industry
Here some facts by (Reuters), that makes solar look bright:
May 6 (Reuters) - China has doubled its target for installed photovoltaic power capacity over the next five years to 10 gigawatt (GW) by 2015, the Shanghai Securities News said on Friday, citing an official from the research arm of the National Development and Reform Commission (NDRC).
This biased FUD should not be linked to from Google Finance. Major flaw in their algorithms.
Just another Yankee piece of shi! Keep on rambling buddy its evident you have not done your homework.
I can't believe this article is linked from Google Finance. Google search results are trending fishy.
LIE
Sounds like Exxon again. The future is in solar (and other passive forms of energy) and that is a reality. With solar you can build off the grid and use 12 or 24 Volt systems. This alone will create many new jobs producing 12 and or 24 volt appliances.
Hey Alan, what you assume is not correct my frieeend. When you assume that the solar industry can not be competitive, you don't take into account important factors. You don't consider the future cost of using dirty energies put on the shoulders of the society. Those costs are the costs of the problems resulting from the use of dirty energy. Only the costs generated by respiratory problems due to pollution, which are supported by insurance companies, are in the billions per year only in the US. That is only one of the many and diverse future costs generated by the sell and consumption of dirty energy. Alan Greenspan also said that the markets take care of things naturally, but he also said that to work, the markets need natural rules to protect property and other fundamental principles necessary to a market. The natural way is to have enough taxes on sellers and users of dirty energy to cover the future costs to society, its property. That is why solar energy will not only soon be cheaper than nuclear, but is already cheaper than oil and coal, and even nuclear if we consider that nuclear garbage has to be buried under ground, and problems like Fukushima. The problem is that politicians don't do what they are hired for, and oil company employees and lawyers do an outstanding job. But soon of later, someone has to be held accountable, and responsibilities will be taken. It is illegal for a politician to take a decision that, from his beliefs, is not in the best interest of its country.
Allen wrote:
"The best thing to do in energy across the board is to get rid of all government subsidies in every energy sector and let the market decide what it wants."
According to http://www.truth-out.org/renewable-future/1305474409
"...fossil-fuel subsidies, which, with barely a murmur of protest, are currently running at more than $600 billion a year."
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