Worst Stock for 2008: First Solarhttp://www.fool.com/investing/high-growth/2008/01/14/worst-stock-for-2008-first-solar.aspx Jim Gillies
January 14, 2008
Resolve to keep your portfolio healthy: Help us pick the worst stock for 2008.
It's been hard to miss the Green Revolution, given the steady parade of supposedly eco-friendly companies tripping over themselves to go public these past few years. Standing out among that crowd, like anything but a ray of sunshine, is First Solar (Nasdaq: FSLR ) -- my nominee for 2008's worst stock.
I believe we humans face a host of big environmental and energy problems, including fossil fuel depletion and replacement, the ever-escalating price of oil, climate change, energy independence, and global warming. First Solar and its competitors Suntech Power (NYSE: STP ) and SunPower (Nasdaq: SPWR ) offer solutions to these problems, designing and manufacturing solar power cells and modules to provide clean, renewable, affordable electricity.
It's out to save the environment, clean up the air, and generally make the world a better place -- so what's First Solar doing on a "worst of" list? Alas, First Solar is both a great business and a lousy stock.
Time to twist the knife