NewEnergyNews More: When Solar Stocks Will Come Back

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  • Tuesday, February 21, 2017

    When Solar Stocks Will Come Back

    Solar Energy Production Hit a Record High in 2016, So What's Wrong With Solar Stocks?

    Travis Hoium, February 18, 2017 (Motley Fool via Madison.com)

    “…[Driven by falling costs and favorable policy, the U.S. solar industry saw a 95% jump in installations in 2016] to 14.6 GW…On top of the huge installation numbers, solar accounted for 39% of all new electricity installed in 2016, a record for the industry. And with costs coming down every year, the future looks bright for the industry…{But across] the board, solar stocks had a rough year in 2016…SunPower, First Solar, Vivint Solar, and Sunrun are all down significantly [and SolarCity would be, too, if not for its buyout by Tesla…[Stocks are down because the favorable policy disfavored new contracts. That will lead to a slow 2017. But solar energy is cheaper than ever and it's now competing with fossil fuels on a cost basis. Long term, that will lead to a [bumpy ride and then a] tremendous amount of growth, and companies like First Solar, SunPower, Vivint, Sunrun, and Tesla should lead the way…” click here for more

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