31 Oct '13, 3pm

The Worst Is Over? Solar Industry Rebounds

The benchmark BI Global Large Solar Energy Index of 15 manufacturers, which slumped 87 percent from a February 2011 peak through November 2012, has regained 55 percent of its value in the past year. The technology-dominated Nasdaq Composite index reached its post-bubble low in October 2002 and regained 37 percent of its March 2000 peak value in the next year, according to data compiled by Bloomberg. Suppliers including California’s SunPower Corp., which has gained more than fivefold this year, and China’s Yingli Green Energy Holding Co. are driving the rally as panel prices stabilize. Installations at power plants and on roofs will swell 40 percent this year from a 6.1 percent pace last year. “The worst is probably behind us,” Jenny Chase, lead solar analyst at Bloomberg New Energy Finance, said in an interview. “We’ve just gone through a big trough in solar supply.” Inves...

Full article: http://www.renewableenergyworld.com/rea/news/article/2013...

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