Today's Energy and Capital
May 22nd, 2012 - By Nick Hodge
In 1946 the first ever general purpose computer weighed 27 tons and cost over $5 million to build. I think today is the 1946 of the solar industry... and dismissing it now would be just as foolish as dismissing the computer industry back then...
I've had lots of requests lately to shed some light on the solar industry.
And it isn't hard to see why...
That's a one-year chart of the Dow Jones versus the Market Vectors Solar Energy ETF (NYSE: KWT), which holds well-known names like First Solar (NASDAQ: FSLR), Suntech (NYSE: STP), and SunPower (NASDAQ: SPWR).
As you can see, the solar ETF has lost almost 80% of its value...
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