Is it time to gamble on solar stocks?
There are some glimmering signs that the recession may be coming to an end. Is it time to consider investments for your hard-earned cash? Well, that is something you should discuss with your financial advisor. Yet, if you want to put money in renewable energy, perhaps you want to consider solar stocks.
The most important advice we can give you when it comes to this type of investment is to watch the market carefully. Be a wise consumer. In just the past 12 months, expert advice regarding solar stocks has changed quite a bit.
Here is a clip from one year ago:
Investment in solar cells is the way to go in 2009-2010
According to a recent MSN.com report, there are three solar cell manufacturers that you might want to consider in today’s economy:
SunPower (SPWR, news, msgs), Suntech Power Holdings (STP, news, msgs) and First Solar (FSLR, news, msgs).
When you think about your investments, how do you categorize them? Many people believe that solar stocks are more akin to technology rather than energy stocks. No matter how you slice it, solar stocks have a higher rate of return than energy stocks.
Solar technology is changing at a rapid rate, with efficiencies increasing, while the prices come down. Federal and state tax incentives are encouraging more and more people to install solar power systems on their homes and businesses.
Surprised? Here’s the bottom line:
Electricity produced by solar cells will become cost-competitive with electricity generated by conventional power plants in the sunshine-rich U.S. Southwest without any government subsidies in 2013, investment bank Jefferies & Co. projected in an October 2007 report.
There are so many reasons to be impressed with renewable, solar energy! Why wouldn’t you consider putting your money in a clean, green future?
Tags: recession, solar cells, solar investment, solar stocks, solar technology
