One only needs to open an organic chemistry book and see the science behind hydrocarbons. All built around the fossil fuels. Are you smarter than a plant? That plant converts solar energy into hydrocarbons. Hydrocarbons is a proven way to store energy in a dense and practical manner. Then you put up your solar panel hoping to get some puny volts and without a real energy storage solution. Sure sure, they are working on a supper battery as we speak. The plant does it a lot better than we do.
solar cult. You think solar is high tech and old fossil fuel is stone age. All these energy conversion devices have been predominantly built around fossil fuel, and not because man's intellect failed to realize the constant availability of solar energy. Did you know, you can make electricity from the sun? Brainwashed!! Did you know you can make electricity from a potato or a lemon? Yes, you can make electricity from many many things. But there is a reason why we have been focusing on fossil fuels. Technology around the conversion of fossil fuels is a lot more advanced and complex. Efficiencies around fossil fuel technologies have gone up over the years and we are still improving.
I've been talking about this for a long time. In the past, I have longed oil and shorted solar. Fossil fuel sector is a lot more stable than the solar companies.
What does cash flow positive mean? It means we got cash somehow. And I just explained how. This is in the last report. Its not cash form income. Its not cash from dept offer. Its cash from stock sale. No matter how you slice and cut, its from stock sale. The highly sought after cash is the one from income. They are burning cash in their income generation. So those gigawatts will not help. Dont let the lip service monkeys brainwash you. You can verify all this buy yourself.
The Amonix Solar: FAIL – manufacturing plant in North Las Vegas, subsidized by more than $20 million in federal tax credits and grants given by Obama Administration, has closed its 214,000 square foot facility a year after it opened.
Solar Trust of America: FAIL - Filed Bankruptcy in Oakland, CA, April 3, 2012 – On April 2, 2012
Bright Source: FAIL - Bright Source warned Obama’s Energy Department officials in March 2011 that delays in approving a $1.6 billion U.S. loan guarantee would embarrass the White House and force the solar-energy company to close. Lost Billions of dollars but Getting More Money To Keep Trying. Can you say, “This isnt working?”
Solyndra: FAIL - Obama gave Solyndra $500,000,000 in taxpayer money and Solyndra shut its doors and laid off 1100 workers in August 2011 After Billions in Losses due to failure to make a solar product that works!
LSP Energy: FAIL - LSPEnergy LP filed bankruptcy protection and a sale of its assets in Feb 2012
Energy Conversion Devices: FAIL – On February 14, 2012 Energy Conversion Devices, Inc. and its subsidiaries filed for bankruptcy
Abound Solar: FAIL - Abound Solar received a $400 million loan guarantee from Barack Obama announced in June, 2012 that it would file for bankruptcy.
SunPower: FAIL – SunPower stopped producing solar cells last year at near bankruptcy restructured only with help of, get this, oil giant TOTAL who owns 60% stake. Irony! Still struggling.
Beacon Power: FAIL – Beacon Power Corp filed for bankruptcy Oct 2011 just a year after Obama approved $43 million loan Government loan guarantee.
Ecotality: FAIL - ECOtality, a San Francisco green-tech company that never earned any money on the verge of bankruptcy after receiving roughly $115 million in two loan guarantees from Obama.
A123 Solar: FAIL-A123 received $279 million from taxpayers thanks to President Obama’s Department of Energy loan guarantees and after Solyndra bankruptcy is getting another $500M from Obama and it has lost $400M.
Buy Buy Buy?
While aci was part of our energy infrastructure since 1969, way before Carter, it survived Carter administration and continues to be part of our energy infrastructure. Which solar company is still alive thanks to Jimmy Carter? I think that is a good question. If none, perhaps the current ones will go the way of history also. The sun is about to set on Solar.
In-fact, there is less cash on hand than the stock sale has generated. Where did it go? It was invested into your child's college fund. Was never a fan of solar stocks. I only recommend it to those who know how to ride the fads. Can you tell when the fad is over?
Some are noticing cash has increased from 414k to 11million and wondering how. Perhaps the fundamentals have improved and the company is finally earning hard cash. No no no! Go to the cash flows statement and see for yourself, the company produced all that cash from sale of stock. That means your hard earned shares have been diluted. That cash will be burned also. Give it some time. Solar fad boom has ended. Perhaps some open minded individuals will look at select coal stocks. All they have to do is endure the cycle. Some big names like aci have been around before Jimmy Carter came along with his solar dream. None of those companies from that fad era exist today.
I burned some coal for bbq yesterday. I think if you add up all the solar energy capacity, it will not add to the number of btu's my coal grill produced.
I should place this post on a solar board. Perhaps I'll start soon. There is still time left for those overfed pigs.
If you heard it from the lying green pumpers, you would probably only hear "Bill Gates has announced he will invest $2bn (£1.3bn) in renewable technologies initiatives". One such lie was being propagated by one cult member. He was mentioning that 1 in 5 homes in Australia is Solar. He was not mentioning how many homes were using solar panels. Their job is to deceive, distort, divert, downplay, and confuse.
Listen to yourself. You sound like you own the country. Things do take time. Dont need the republicans for that. Any government, including democrats, will do the right thing at the end. What you are suggesting is unconscionable. You can imagine all kind of futuristic worlds.
I recall something like this though with silver mining stock coure de arlene. I got out too early though. The story unfolded that way within a year or so. These mining stocks seem to behave the same way. The mental sentiment seemed to be like the way it is now with coal. Nobody wanted it. Coure de Arlene took a big loan at that time also.
at 40c one should be able to make 19%. at $40, you are talking about something like 11000%. Thats a solar lover wet dream.
this excess supply will continue putting pressure on solar till the next presidency. Then its game over for solar. Game over is not even the right phrase. Solar companies close every year. They open and close like restaurant businesses.
Notice, i did not ask if Jimmy Carter is alive or if any of those solar panels are still around. The green trolls are having their tantrums.
I knew the green trolls will not know how to answer this one. Instead we get to see their tantrums.