Going from Dirty COAL to Clean SOLAR
My coal pick (WLT) has been my worst pick ever down over -90% on caps.
The trend in the last 12 months has been that the coal stocks eps estimates have been going down faster than a rock falls in water.
While the exact opposite has been true for two solar stocks eps estimates which are soaring, one has a 10 fold increase in the coming year (FSLR - SPWR)
One thing that is not shocking is that the Chinese finally have had enough of coughing their lungs out and are planning a massive 5 fold Solar Investment in China by 2015.
China, the world’s biggest maker of by Coupon Companion Plugin">solar panels, plans to increase fivefold its installed solar capacity to more than 35 gigawatt by 2015 to support an industry faced with declining profits, slowing exports and a supply glut.
The nation will add 10 gigawatt of solar-power capacity annually over the next three years, according to a statement from the State Council posted on the central government’s website today.
The move will help reduce the industry’s reliance on exports and ease oversupply that contributed to a 20 percent plunge in the average by Coupon Companion Plugin">price of solar panels last year, according to data compiled by Bloomberg.