SPWRA and half of solar go red out of nowhere, some other subsidy news?
lol out of many stocks i keep track of, this was the only one to go lower...
I saw a lot of solar when I was out there.
and now can't hold that..on a Nasd +45 day at that.
That put you bought is looking good!
Pivot shmivot. I am getting ready to throw out the technical book on this nutty stock.
Here is Sunpower stock apparently:
Makes 5 trillon dollars in a year - goes up 1%
Loses 1 penny on the way to the bank - down 98%
residential home Solar demand is going down. Homeowners don't have enogh money to pay for their home, who should care about saving energy!.
So minus the tax credits, and I'm not really sure what they were, solar is going to take a dump?
Speak for yourself. I own my home free and clear. Looking to add a two car garage with solar panels. a couple of years ago price to high. Today, price still to high, but getting there. A year or two from now.....Maybe.
Solar sector getting slammed again and again. Oh god , I am sick of this sector.
It would be one thing if there was some bad news out there, but for the most part the news has been good. I don't get it. I am sure there is some kernal of bad news that the bears have pounced on today. I just don't know what it is yet.
Now the worry is what the new FIT rate will be in Italy...apparently.