“How do we know we’re not in a cleantech bubble?”
This is a question David Chen gets asked a few times a week.
So, how do we know we’re not in a cleantech bubble? David answered that question:
- The end markets are real and large.
- Investors are more discerning.
- The tremendous amount of capital required means fewer “me-too” stories.
- The coming grid parity environment can sustain multiple winners.
Nevertheless he still sees “volatile stocks driven more by momentum than fundamentals” as bankers and investors engage in an “obsessive quest for the next First Solar.”
He had a few more choice observations:...MORE
Eric Janszen, writing for Harpers in January, had this chart of his best guess trajectory: