Didn't these Norwegian pension funds also buy a ton of those junk CDO's before the credit markets imploded in 2007?
Dropping unemployment # are very deceiving when those people go back to work at jobs paying 50-70% less than they made before the recession hit. No president in recent times has done squat to stop the flow of skilled and tech labor offshore, and that is the reason wages are not recovering in the US. Also the stock market surge has everything to do with the Fed nothing to do with Obama. Grandma can't get even 1% in the bank with the Fed's thumb on the scale, so she has to take high risks and chase stocks. Sad its come to this. Fun for traders while it last, but going to end badly like the last two market crashes and before the next election.
Let Wall Street and the price it sets for FSLR next week answer your question as to whether it cares or not. This is a stock after all, not a sierra club membership. Don't shoot the messenger.
more dumping on monday on volume as real wall street comes back to work from holiday. crude is going lower yet. wind in face of FSLR in short term.
I referred you to search article about private equity firms investing in future energy. Did you read it? BlackStone, Apollo, KKR say coal at 28-30% in 2040. I guess its our choice to believe your BS call of 15% market share or these PE firms with a phenomenal record of being right. I'm going with the later. Even if they are off, it won't be by much.
You said " Many large industrial clients are investigating producing their own power by creating a microgrid - usually solar + micro turbine NG gen - staying grid tied" - That's non-sense. You are looking from a local view of what you see in the SW US. I'm talking about the "global" view here. The few industries generating their own power with solar are insignificant on a global scale and have been doing so only with subsidies. I see this all the time where people in the SW US and CA & HI project their situation as "practical" on a global scale which makes no logical case. Industry is always going to go for "cheap" sources and if green energy policies lead to pain and recession, they will be out the door in a heartbeat... Australia just made that case in scrapping their carbon market/tax after 3 years. Germany is next.
Tax loss selling needs to clear out over next few weeks. I don't expect higher until after that is over.
I'll go with the money-backed minds and say it's 28-30% in 2040. The big mistake is too many lay people think only of residential energy when they think solar as a big solution. There are so many commercial and industrial needs that use 1000x the energy of a home. That is why the smart money shows wind and solar producing less than 8% of all electricity in 2040. If you want no carbon and high practicality, you need to really embrace a nuclear renaissance.
It also doesn't:
a) Work under a blanket of snow cover (which currently 50% of the US is experiencing on Nov 19th.)
b) Heat interiors of buildings to 50 degrees F above ambient outdoor temperatures.
There is another news piece out about private equity investments in energy looking out to 2040. These are the brightest minds in the world working at these firms. They see renewables providing 6% of the power in 2040, and coal down just a few percent to around 30%. Search "Private equity bets on energy" give it a read and check out the prediction charts. LNG looks to have better growth prospects, with coal slightly down to flat.
IMO, you need to wait until the tax loss selling before year end clears out weak hands. Also, Cramer hyped this about 3 weeks before it tanked, which added to the number of weak hand bag holders who will want to bail on tax losses in december. The last hurdle is for *real* energy markets (coal,oil,gas, uranium) to to recover A LOT before big money returns here to alt energy stocks.
Not *way off the mark*. The app you mention suits solar because these mines are so remotely located off the grid they have to bring in diesel generators. So there are fuel transport costs in addition to fuel costs with diesel there. This is a niche industrial app where the remote nature makes financial sense. In medium sized factories where *each* machine out of 100s of machines in the factory each use over 150kw of power (as much as three homes) it is impractical from both a financial and logistical sense. Similar story for large data centers for cloud computing. On another note, do you think solar & wind can meet residential and commercial applications where winter temps are 10-30F for months on end with 1+ foot of snow cover? Feel free to show me the math.
I moved in deep in CCJ and BTU over the month of october, and went long 100 shr position in FSLR on Cramer hype about 10 days ago. CCJ is up 11% today on 4+x volume... about as much as this FSLR is down. I like solar, it's just not a practical large scale energy solution. I'm an engineer 25+ years experience. I know how much industrial applications require power. Solar is a joke for those apps, and they are not going away.
If coal is cheap and plentiful and works during harsh winters (which greenies in CA and HI can't understand) it will be burned, period. Solar is cool & vogue, but its more of a religion than a practical large scale core energy solution. If you want practical and green together, for all climates and all applications (not just residential) you'll have to embrace nukes. Just remember the US hasn't built a new nuke plant in 35+ years.
volume is huge (set for at least 2x avg at close)... google "japan reactor restarts" shows the news. basically leadership in japan approved the restarts. the cost of US dollar denominated fossil fuels is killing the japanse economy, so they want their nukes back. Germany is next IMO, as they will find their lower income folks burning tires and cardboard for energy as their recession deepens. Expensive green policy isn't affordable except for the rich and during times of economic prosperity.