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Solar "MIGHT" get affordable now


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2015 May 29, 7:47am   815 views  0 comments

by Tenpoundbass   ➕follow (7)   💰tip   ignore  

http://money.cnn.com/2015/05/11/investing/solar-stocks-first-solar/index.html

The past nine months have given most energy investors pause to consider whether the oil and gas industry is the best place to park their money right now.

While the last month has seen an appreciable rise in regular stalwarts like ExxonMobil (XOM), Chevron (CVX) and BP (BP), as the price of crude has lifted to $60 a barrel, oil and gas stocks are still dangerous waters to navigate for the average investor. Short-term supply and demand dynamics for crude oil are tough to read.

As an alternative, energy investors could take a look at solar stocks.

Skeptics will remember the beating that solar companies took in 2012 when the Chinese flooded the market with cheap solar panels. Of course, the last few months have been no picnic for solar investors, either. As the price of oil has dropped, the competitive advantage of solar versus fossil fuels has also been negated somewhat, leading some observers to advise investors to short solar.

#energy

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