Sunday, June 24th, 2018

Solar is having a great year, except on Wall Street

<img src="" width="130" height="86" alt="solar panels are seen in the Palm Springs area” align=”left” title=”solar panels are seen in the Palm Springs area” border=”0″ />Installations of solar panels are expected to soar by a third this year, the price of solar power is now cheap enough to compete neck and neck with gas and coal-fired power in places like California, and the fledgling industry received a vote of confidence last week when U.S. President Barack Obama announced a groundbreaking plan to curb power plant emissions. Wall Street, however, has been dumping solar shares this year, largely on concern, which investors say is misplaced, that tumbling oil prices will sap demand for alternative energy, even though oil isn't used to generate power. Stock prices are also suffering from an oversupply of new equity issues by companies raising capital to fund their rapid growth and concern an interest rate hike by the Federal Reserve could curb the appeal of their so-called yieldco units.

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