This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Solar Panels Don't Work!

The largest is on one of its other theaters.

Solar promoters consider themselves part of a political movement to save the planet. They do not tolerate naysayers.

That is why it is still so easy to find stories that say the non-performance of solar equipment "really looks like a non-story." That is what one analyst said after First Solar's stock recently took a 10% hit in one day after the company revealed problems with its products.

Here's a bonus reason No. 4: Shade. A shadow on a solar array not only knocks out power to that panel, it also shuts down a wide area of panels around it.

Listen to the National Renewable Energy Laboratories: "the reduction in power from shading half of one cell is equivalent to removing a cell active area 36 times the shadow's actual size."

Do your own test: Ask your neighbors if they know how shadows hurt solar panels. Most do not.

Some companies install monitors on each panel. But monitor makers find that the very existence of their product is an admission of problems in that industry. And that is the last thing the True Believers want anyone to hear about.

Especially investors.

That is why I shorted First Solar at $121 in March of 2011 -- and said so on my radio show and in my newsletter.

And that is why investors should stay away from betting on their resurgence.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.

3 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
FSLR $62.25 0.50%
AAPL $127.60 2.28%
FB $83.09 2.87%
GOOG $535.38 2.16%
TSLA $205.27 -0.74%

Markets

DOW 18,034.93 +208.63 1.17%
S&P 500 2,100.40 +19.22 0.92%
NASDAQ 4,994.6020 +62.7870 1.27%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs