For many years solar energy has been the little brother of the energy space. While many are quick to talk about its accomplishments, when push came to shove we turned to fossil fuels to do the heavy lifting for the industry. For one of the first times, though, it looks like alternative energy is starting to hold its own.
In the month of March, the Federal Energy Regulatory Commission announced that all electricity generation that was added to the system during the month came from solar energy. While this month may have been an aberration, the first quarter of 2013 saw 83% of all generation capacity that was added come from either solar or wind power. In this video, Fool.com contributor Tyler Crowe shows how some recent advancements in technology and manufacturing from industry leaders like First Solar (NASDAQ: FSLR ) have made this possible.
Investors and bystanders alike have been shocked by First Solar's precipitous drop over the past two years. The stakes have never been higher for the company: Is it done for good, or ready for a rebound? If you're looking for continuing updates and guidance on the company whenever news breaks, The Motley Fool has created a brand-new report that details every must know side of this stock. To get started, simply click here now.