Monday, September 8, 2008

Stormy Day For Solar Stocks; Too Many Panel Makers?

From Tech Trader Daily:
Solar stocks are having another rough day, one which looks all that much worse with the Dow Jones Industrial Average up well over 200 points. A number of analysts this morning wrote notes on their trips to the recent European solar conference in Valencia, Spain. There were no bombshells that I found; but there does seem to be some concern about the pricing outlook for 2009, as Reuters noted today.

Richard Keiser, technology strategist at Bernstein Research
, wrote this morning that an “astounding number” of solar panel companies demonstrated products at the show - and offered aggressive expansion plans. He says that suggests fears of commoditizaiton and over-supply “are well founded.” He says event leading manufacturers - like SunPower (SPWR) - will face some pricing pressures....MORE
Here are a couple of the comments. Sometimes they call Mr. Savitz a short-sellin', sister-humpin' rat-bastard Bilderberger, these are pretty lightweight:

All commodities are down you idiot. Why single out solar? Coal Stocks were down, Oil Stocks were down, NG stocks were down, Agriculture stocks were down, glod stocks were down. So of course the solars are down. The one thing each of these sectors have in common is that they all make sh*t loads of cash and their earnings current and future will make investors wish they were buying these stocks now rather than buying trash that will loose $10+ a share this year.

Comment by James - September 8, 2008 at 4:28 pm

You WALL STREET bashers have been saying all this time that SOLAR is a very expensive energy. That without subsidy won’t survive. Let me tell you something, Solar’s dependency on subsidy is over. Low cost solar is coming to the market. Low cost will drive an increase in demand.

Don’t expect me to sell my shares on the cheap. If you want my shares, pay up. I don’t care how you bash, I am sitting tight.

Comment by - September 8, 2008 at 5:35 pm