About one year ago Warren Buffet bought a solar energy farm:
Warren Buffett’s MidAmerican Energy Holdings utility agreed to buy the $2 billion Topaz project in southern California, branching into solar power after the industry was battered by stock markets around the world.
The Topaz Solar Farm will be one of the world’s largest photovoltaic power plants and is being developed by the seller, First Solar Inc. (FSLR) of Tempe, Arizona, according to a joint statement today. Terms weren’t disclosed. The project’s 550- megawatt capacity is equal to about half a new nuclear reactor.
He buys VALUE not hype. I think he was early, but he is a shrewd man.
It is hard to say. It does look like a cup and handle. Also, I know this is inexact, but p/e is 8. That is pretty low for a fast growing sector like solar. I think the interesting factor is the HUGE push by China to build out their solar grid, the push by Middle East to use more solar, and the lower cost of solar cells. There are a number of companies that could be game changers here. I am esp following NTCFX and watching that a lot of the weaker companies are gone. Those are all pointing to a bottom soon, although it is hard to say if this is the real bottom. I am going to start dollar cost averaging in here over the next few months.
if you idiots even have to ask, then the answer is NO! how many times are you going to do it before you learn. no wonder this thing has gotten killed, because there is a hoard of idiots holding this thing that haven't sold yet. it hasn't bottom. how do i know. because you are still holding it.