Companies that are in part dependent on government subsidies are always at risk taking a hit. Solar stocks are in the penalty box in part because of reduced subsidies. In addition a surplus of supply is putting pressure on prices. Which is great for end users but is making for difficult times for producers. The longer term picture for solar remains bright, due to increasingly competitive pricing down the road. In today’s screencast a look at the battleground that is solar stocks.
Items mentioned in the above screencast:
Solar stocks are in the penalty box. (Green Skeptic)
The longer term picture for solar remains bright. (Alt Energy Stocks)
Short sellers are betting aggressively against solar stocks. (Bloomberg)
Solar stocks “Been crushed, but looking to stabilize here.” (chessNwine)
Daily price chart of the Guggenheim Solar ETF ($TAN). (Finviz)