Another bull thesis argument is the Environmental Protection Agency's actions are benefiting solar. There's little doubt EPA administrator Gina McCarthy is doing everything in her power to destroy the coal industry. It's natural to conclude solar should be a enormous winner with the demise of coal.

Unfortunately, stopping new coal plants and forcing cuts in existing coal produced power is offset by the natural gas boom. Natural gas prices have fallen as production expanded faster than consumption. Solar needs to make significant cost per watt breakthroughs to become competitive.

Once solar is able to cross the line of cost competitiveness, the remaining solar stocks will have a sunny future. I don't think that day is far away, but wait until they bury the zombie solar stocks before investing.

At the time of publication the author had no position in any of the stocks mentioned.

This article was written by an independent contributor, separate from TheStreet's regular news coverage.
Robert Weinstein is an active trader focusing on the psychological importance of risk mitigation, emotion and financial behavior of market participants. Robert co-founded the investing blog StockSaints, where he writes a journal about his trading activity and experiences.

In addition to TheStreet, Robert also contributes to Real Money Pro, providing real-time trading ideas for stocks, options and futures.

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