Shining a Light on Alternative Energy
Few sectors have struggled as much over the last 12 to 18 months than the alternative energy space, especially solar. The solar industry has been decimated by declining subsidies and credits coming from Germany and Spain as those countries deal with the debt crisis on the continent. In addition, the massive (and probably illegal) support the Chinese government has provided its solar manufacturers gives them an unfair pricing advantage.
Former high-flyers like First Solar (FSLR) and MEMC Electronic Materials (WFR) are down as much as 90% from their highs of just a year or so ago. The alternative energy space overall has performed little better over this time span. The Solyndra scandal in the U.S. has dried up domestic government grants and support for the space and low natural gas prices have made energy produced via alternative energy sources even more price uncompetitive....324 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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