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 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 price of solar panels last year, according to data compiled by Bloomberg.