NEW YORK (TheStreet) -- It's dubious business to base investment decisions on politics, but in the solar sector, there is no escaping the outsized role of government.
The latest case of politics meddling in the fortunes of solar stocks is an old one: The Solyndra bankruptcy and Department of Energy loan guarantee program.
This week, Rep. Darrell Issa (R. Calif.), head of the House Committee on Oversight and Government Reform, made it clear that he has it in for First Solar (FSLR) as part of the broader "making of political hay" while the sun can be shined on the DOE loan program.
Issa didn't mince words when discussing the problems he sees in the DOE loan guarantees provided to large-scale First Solar projects, entitling a lengthy section of a House committee report, "The First Solar Scheme."
|Darrell Issa, House Republican, sees political hay in "The First Solar Scheme."|
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV