29 May '11, 6pm

dmsolar- The Solar Bears are Wrong | Alternative Energy Stocks: There are a growing number of “solar bears” out

There are a growing number of “solar bears” out there like Jim Chanos, a professional short-seller who is convinced China is poised for a 2008-style crash and who is also selling short stocks like First Solar (FSLR) and Vestas Wind (VWDRY.PK) . (What does Chanos like? Would you believe Citibank? ) (Picture from Wikipedia .) Personally, I don't know whether Chanos is right about those stocks or not. First Solar is a popular short because it's the best-performing U.S. solar play. Fly high and the assumption is you'll fall fast. But two big mistakes are being made here: People are confusing specific companies with the industry . Costs per-watt in the renewable industry are continually going down. This makes picking a winner tough, but it is proof that there is serious upside to the sector as a whole. After all, what is happening with the price of fossil fuels? Most are up, wa...

Full article: http://www.altenergystocks.com/archives/2011/05/the_solar...

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