Guard Against Solar Cell Burns |
Wall Street Journal - Mar 27, 2009 |
Getting too close to the sun can singe your wings, investors in the solar-panel sector are sure to learn.
Beijing's pledge to subsidize up to half of the cost of installing solar panels raised euphoria in the sector to a new pitch this week. On Thursday, New York-listed shares of Chinese solar-cell companies surged. On Friday those gains continued in shares of solar-panel makers from Mumbai to Tokyo.
This short-term excitement belies some key long-term risks. Namely, the rush of companies entering panel production is reminiscent of the now oversupplied flat-panel and semiconductor markets. Companies in those sectors are losing money faster than they can raise it.
Read Full Article from Wall Street Journal
- Posted: 2009-03-27 07:43:52
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