Solar energy in 2013 removed its training wheels and started competing with traditional energy sources. In the fourth quarter alone, the average weighted price per watt of solar capacity installed dropped by 15%, averaging $2.59 compared to more than $6 in 2010. Last quarter, SolarCity (NASDAQ: SCTY ) installed a total of 70 megawatts of residential solar capacity, cementing its leading position in the U.S. residential solar market. With 41% overall domestic growth last year and sharply declining costs, solar energy is no longer for the wealthy, it's here for the masses.
Taking down OPEC
Imagine a company that rents a very specific and valuable piece of machinery for $41,000... per hour (that's almost as much as the average American makes in a year!). And Warren Buffett is so confident in this company's can't-live-without-it business model, he just loaded up on 8.8 million shares. An exclusive, brand-new Motley Fool report reveals the company we're calling OPEC's Worst Nightmare. Just click HERE to uncover the name of this industry-leading stock... and join Buffett in his quest for a veritable LANDSLIDE of profits!
This segment is from Thursday's edition of "Digging for Value," in which sector analysts Joel South and Taylor Muckerman discuss energy and materials news with host Alison Southwick. The twice-weekly show can be viewed on Tuesdays and Thursdays. It can also be found on Twitter, along with our extended coverage of the energy and materials sectors: @TMFEnergy.