Remember those arguments about decoupling? That China and other fast-growing nations wouldn't catch a cold if America sneezed?
That pet theory's been pretty much knocked off its pedestal. Investors are now desperate to find a bright spot amid this gloomy market -- some area that's safe from credit contagion. Yesterday, SunPower
Here at home, the dominant factor in favor of solar fervor is the recent eight-year extension of the investment tax credit. Utilities get these tax benefits for the first time, making power plant-scale projects like the ones SunPower has signed with PG&E
At the residential level, you might think that the last thing Joe the Plumber is going to be shelling out for is a $20,000 solar installation. Indeed, if solar panels were a more common discretionary item, they would be taking a hit along with the Brunswick
We shall see how this shakes out over the next few quarters. For now, SunPower is storming ahead with typically strong results. In the third quarter, sales were up 61%, and per-share earnings were up from $0.10 to $0.26. Gross margins came in strong at a touch over 27%. Most pleasing of all was SunPower's free cash flow generation -- a company first.
Fools who have yet to take the plunge on solar -- including yours truly -- may be facing an interesting opportunity at this juncture. The stocks of folks like Energy Conversion Devices
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