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.Here are a couple of the comments. Sometimes they call Mr. Savitz a short-sellin', sister-humpin' rat-bastard Bilderberger, these are pretty lightweight:
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
Comment by - September 8, 2008 at 4:28 pmYou 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