NEW YORK (TheStreet) -- As one solar company after another goes out of business, here is what investors do not know and promoters will not tell you: Solar panels do not work that well.
Sometimes not at all. But for several years, most solar systems, big and small, were so heavily subsidized, they were practically free. So lots of people did not really care.
Not enough to check the output of their systems. The few who did often had a big surprise.
Shares of First Solar (FSLR) recently took a 10% hit on one day after the company told investors its panels made in 2008-2009 had problems. Here is how the stock has performed over the years:
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