New Technology Means Bright Future for Solar Power
Oct 14th, 2008 | By William Patalon III | Category: Featured, Financial NewsIt’s been a bumpy ride for solar stocks recently.
The industry received a boost when clean energy tax credits were added to the $700 bailout bill to help its passage from Congress. But fears of falling demand and oversupply have weighed on solar stocks. The Claymore/MAC Global Solar Index ETF (NYSE:TAN) fell 35% in the first eight trading days of October.
William Patalon III, however, says new mapping technology and advances that have made solar power more eco-friendly will boost solar stocks in the long run.