Solar Stocks Entering ‘A Good 15-Year Run’
Solar energy stocks are in for “a good 15-year run” in competition with other energy sources, blogger David Dodge suggested in a recent edition of the Pembina Institute’s Green Energy Futures.
Comparing the early behaviour of Microsoft stock with a handful of today’s solar leaders, “we can see how things behaved in history,” analyst Greg Schnell told Dodge. “And we can use that to look at how the same cycle might happen in this new business. We see solar as a new secular bull market. It will have ups and downs, but in general the trend will be long and big.”
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Schnell cites four advantages for solar: photovoltaic module performance is constantly improving, the technology is already cost-competitive with coal and nuclear, rooftop solar has “no real enemies,” and it “can be easily adapted to its location.”