ReneSola Reveals Solar Rot

• Report this Comment On November 19, 2008, at 2:09 PM, Fairhopeguy wrote:

  What a hack article..

  you post all of this garbage about Renesola and Jaso, yet you didn't post that JASO is only about 7% of Renesolas business.

  You also didn't post that Renesola trades at a P.E. of 1.5 and has a Book Value of $7.9/shr.

  Yahoo's Key Statistics board is wrong. They haven't taken into account that SOL trades as an ADR and that the P.E. needs to be divided by 2. They are posting flse information at the momnet, But Articles like this one are what really throws the solar markets into a spin. If solar wasn't profitable. BP and Exxon wouldn't be getting into it. Companies like Kyocera wouldn't be building new plants in Japan, STP wouldn't be getting into Thin Film and Goldman Sach's wouldn't be secretly leasing BLM land in California and Neveda to build solar farms on it.

  Solar is in a Slowdown at the moment becuase the world is in a slow down, but I ask anyone to compare the growth rates of SOL, STP, LDK and FLSR to the great companies of the world like INTEL, CSCO, NOKIA and G.E. and tell me who has the best growth rates over the past three years and going forward.

  SOlar is Kicking ass and taking names, That is why Intel and AMAT and Cypress SEMI are now in the SOlAR business.

  SOLAR will be the INTERNET of the next decade, Mark my words.

  These chinese companies already have a five year head start on europe as far as deployment, when this Recession ends, and it will, Solar will be the place to be. Clean, Green and pollution free electricity.

  The thing holding solar back most of all are negative comments about it's viablity, Trust me, Solar works and It works well. In 5 years or less grid parity will be achieved and Solar power will be everywhere. Home depot and lowes might as well add another isle, becuase they will need it for panels and Control boxes.

• Report this Comment On November 19, 2008, at 2:29 PM, jjp0124 wrote:

  Before you get so positive about something so good, try watching the movie "Who Killed the Electric Car". Even very good things can be killed by many different groups. I agree with you on everything you say, but beware of who you are dealing with here....Exxon for example has a lot of people under their control. We would be stupid not to go solar, but greed makes humans very stupid.

• Report this Comment On November 19, 2008, at 3:22 PM, friscoflyr wrote:

  With Obama in office, you won't seen anymore "killing the electric car"kind of shenanigans. This is particularly true now that the auto industry needs a bailout. Rest assured they will not get one without commiting to fuel efficient cars like plug in hybrids.

  His top priority is renewable energy because it will kill 4 birds with one stone, economy, energy, global warming, national security. We will have an EPA head who actually cares about the environment instead of an oil company lobbyist.

  We will have an energy secretary who actually understands renewable energy. I nominate Joseph Romm, former assistant energy secretary, physicist, author, and expert on climate change and renewable energy.

  And we will have a president who will support educating the public about climate change and energy and who will listen to scientists. This will be in sharp contrast to a president who gets his opinions from non scientists and propaganda mills like the Heartland Institute while censoring actual scientists.

  Expect to see utilities being required to get a certain percentage of power from renewable sources on a national level instead of individual states having to lead the way as California has done.

  Expect to see much more use of solar on commercial buildings and govt buildings.

  Expect to see solar thermal power plants with heat storage in the southwest displacing coal fired plants and competing on price with fossil fuels, even without cap and trade.

  http://www.salon.com/news/feature/2008/04/14/solar_electric_...

  A must read article on solar thermal, by Joseph Romm

  Expect to see HVDC transmission lines bringing power from solar plants in the southwest and wind power from the midwest and Texas to other parts of the country.

  Expect much lower costs for Photovoltaics in a few years.

  Expect to see cap and trade bringing fossil fuel costs in line with their real costs.

  Expect to see more financing plans that eliminate the problem of up front costs of solar installations to homeowners and small businesses. The city of Berkely CA has done this. Any homeowner in Berkely can have solar installed without any up front payment. They will sell bonds to finance this. If you sell your house, the next owner picks up the payments which are made annualy, along with your annual property tax.

  Expect much more in the way of conservation and efficiency.

  Expect to see plug in hybrids getting 100 mpg overall

• Report this Comment On November 19, 2008, at 7:30 PM, Bootluver wrote:

  More BS from the Motley A Holes.

  Its my job to come online and expose A holes.

  I want a huge bonus next year for doing an A+++++ Job

  Boots, DE

• Report this Comment On November 21, 2008, at 9:12 AM, IBJAMMIN wrote:

  I would like the author to write a follow up article listing all of the non-solar or non-wind companies of a similar size ( of earnings ) with revenue and earnings growth that equal Trina Solar's, for example. Short list, huh! Next examine the percentage price drop, PE's, and especially the PEG''s of the best companies in the world with similarly sized earnings ( author's choice ) with solar companies in general.

  Next drop all the companies whose products don't sell with a 30% to 60% discount due to worldwide government and state subsidies.

  I imagine the count could be done on one hand.

  Next drop companies whose products are not at the top of Obama's list of importance, whose success and expansion are not essential to his plans (all backed by congress I'll add ).

  Their plans to increase energy independence and fight increasing carbon emissions are centered on solar and wind power.

  Next, drop all that are not essential to the preservation of all of the coastal cities in the world ( home to over a third of the world's population and even more of it's wealth generating capability ). Indeed, some entire countries, most of Florida, much of the Gulf of Mexico coast would be flooded.

  Now, go back and read all of the the articles writen by other Motley Fool authors about solar energy's future over the last several years ( when US subsidies weren't guaranteed for the next 8 years ).

  Finally, admit your article is an insipid piece of garbage!!!!!

• Report this Comment On November 21, 2008, at 9:29 AM, IBJAMMIN wrote:

  Another possibility to consider as an explanation for the incredible drop in alternative energy stocks. A

  If you headed a fossil fuel company and were contemplating what to do with all of your obscene profits from the recent run up prices, would you not see the advantage to be gained from shorting the life out of solar and wind company stocks. What a deal! Kill your competition and make a fortune at the same time. All you would need is to form a ghost corporation offshore, funnel in money, then have that company do the dirty work.

  It's been done before.

  While you were at it you could easily find people to write stupid articles trying to explain why the green sector stocks should be dropping. Let's face it, these writers don't make that much money. Even so, many of them make more than they're worth!

  It's been done before.

  BTW, if you think the guys at Motley Fool are bad (generally I don't) read the absurdities over on Barron's.

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