Europe Cuts Back on Solar
You may have found solar stocks volatile lately, but they could become more so, as Spain and Germany make policy decisions regarding the use of solar energy.
Germany is slashing the subsidies that built its solar industry up to $8.8 billion in sales. Homes and businesses there have earned a government-guaranteed price of up to 47 euro cents ($0.74) for each kilowatt-hour of solar power they produce.
If the demand for solar energy in Spain should decrease, the high-flying solar stocks with exposure in Spain could be hit hard. These include CSIQ, STP, SOLF and YGE. On the other hand ELSR and ENER have low exposure in Spain.
Posted by on 06/02 at 10:50 AM