China crushed the US Textile & Furniture industries
Now their doing the same to the solar industry. FSLR may survive but profits will suffer in the near term. In this phase competition gets red hot and solar panel prices drop. Factor in that we're headed into a double dip recession. Expensive items like solar panels will be the first products to suffer.
Like the other industries the solar industry will get run over by China. No one will argue if they can buy cheaper solar panels from the Chinese. I was in textiles and the furniture industries when it happened in 1995-99. China will steam roll the solar industy and our Gov't will do NOTHING.
Well China sure has steamrolled FSLR. This is the first time I've come back since last August and it's hard to believe FSLR is now trading at only $20. Last time I looked it was around $100.
BHy the way housing will get worse this spring and plummet into summer. Although next weeks March housing reports shopuld be very good. Foreclosurer and Foreclosurer rentals will both hit the market this spring and suck the life out of new home construction.