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SunPower Corporation Message Board

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  • redtailedhawkshadow redtailedhawkshadow Nov 30, 2010 9:34 AM Flag

    solar spending to double

    http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=aCfqrxl7yC4g Spending is expected to double annually over the next few years in the US. Sunpower has efficiencies of over 20%. That is almost optimum. Asia will not be able to match that for many years.

    It's been known for about 30 years that when efficiencies hit about 23% for sunlight energy conversion to electricity, it would be economical. With oil at $150/bbl, and tens of thousands of cars (including GE's fleet) running on clean, cheap electricity, I would not be surprised to see solar equities increasing 5-10 fold - it's just a matter of time and might have already happened if not for financial bubbles on an unprecedented scale and distribution. California already has a mandate for 33% renewables, and when their recession ends will look better than ever before.

    Just my humble opinion. I am not leveraged - no worries there.

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    • I hear comments about oil running to $150...it all depends on supply and demand. If OPEC senses that solar is a threat, it will take the price down to $30 (and even then they make good money). Remember the ethynol hype couple of year back and BAM oil dropped to 30 and no one talks about it.

      There will be balance of all types of energy. Uranium stocks are jumping now in hopes there there will be lot of N-powerplants built. Now they claim it's a clean energy.

      If solar becomes as popular as many are hyping, the buying power shifts to consumers where they can DIY solar on the house and no longer need Utility company. Utility companies are well aware of this and will lower the price to 5c/kw (which is already in many midwest states..iowa, MO, IL compared to 31c on the coasts).

      Solar will grow but the hyper growth is done and will now grow incrementally starting 2012.

      • 1 Reply to online_investor
      • The period of time is five years. "By the end of the forecast period, solar power will begin to be competitive against fossil fuels in some states, preparing the ground for further expansion, Kahn added. California will be the biggest market, with more than half of all new capacity, followed by Arizona and New Jersey."

        Anyone who can hold on for five years - put down a small portion of their portfolio into a grab bag of solar - may possibly enjoy a very nice retirement. I would not ever buy something like this with margin however, and if others think the same, that's why the price does not move much; nobody is leveraged going into this equity - yet.

 
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