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Solar Power Surges Once Again

Solar power generation has had a pretty impressive run as of late. After adding 3.3 gigawatts of generation capacity in 2012, it appears as though 2013 is stacking up to be even better. According to the Solar Market Insight report for the first quarter just released by the Solar Energy Industries Association and GTM Research, the U.S. added 723 megawatts of capacity to the grid and is on pace to add 4.4 gigawatts this year. What is even more surprising in this report, though, is the huge uptick in residential installations. These types of installations grew by 53% year over year. 

Advancements in solar panel technology are driving a large part of this trend, but there are some other reasons the solar market could continue to do well in the future. In this video, contributors Tyler Crowe and Aimee Duffy discuss some of these reasons and take a look at a couple of solar stocks that should be on your radar.

One company that could prove to be a big winner in the solar power surge is First Solar, the top solar panel manufacturer in the U.S. This recent surge in solar installations has helped bring First Solar back, so is it time to put some First Solar stock in your portfolio? 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.

Read/Post Comments (3) | Recommend This Article (1)

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  • Report this Comment On June 17, 2013, at 9:48 PM, Boilerman1 wrote:

    Solar is growing even though it costs 5 times that of conventionally produced electricity. Where does the electricity come from on cloudy, windless days? It comes from naturals gas electric plants which must be built and on "stand by" for such days. Liberals love to ignore this, and many many other costs when evaluating solar.

    Solar grows because folks other folks pay the tab. Namely tax payers and utilities. I would love to see Libs have to pay the true cost.

  • Report this Comment On June 18, 2013, at 12:40 AM, LeakyWallet wrote:

    Only the uneducated think taxpayers don't also heavily subsidize hydrocarbon, coal, and nuclear produced electricity.

    The rational among us would prefer sustainable sources aided by the ever improving battery technologies.

  • Report this Comment On June 18, 2013, at 3:06 PM, Brettze wrote:

    FSLR is probably a front for a REIT . FSLR is not as interested in solar energy as in property management. FSLR is piggybacking on the wave of clean energy for now. 20 years later, all of FSLR solar panels will vanish and replaced with real estate developments. I assume that Republlicans will win White House once in a while and the President will waste no time shoiving solar energy in the ground . CD TE solar panels are toixc so that is probably why FSLR has a prepaid recycling facillity where spent CD TE solar panels can be recycled without making same new CD Te solar panels.. it will probably be reused in other unrelated products 20 years later. FSLR is a toixc REIT at its finest!

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