Flipping through the daily run of news and came across this over at Zero Hedge, some bad news about Solar Stocks. Great :- /
Unfortunately, in a time of global austerity, which is slowly spreading everywhere but the US, said subsidies for solar companies (and thus cash flow bleeding stocks) may soon be at an end. Dow Jones reports that Germany: one of the bigger subsidizers of a fledgling solar industry, is set to cut solar subsidies by up to 12%, 6 months ahead of schedule.
More Austerity Casualties: Solar Stock Subsidies | zero hedge
One of my long term strategies involves PBW, an alt energy ETF. This allows you to spread your risk over a broad area, impossible to know how the industry will play out, who wins or who loses. So far, off a cliff then flat and lagging. Solar stocks make up a decent part of PBW, its going to take a hit. Hopefully the diversity of an ETF provides a cushion.
Whatever – it hasn’t been good, but I am staying with it, energy is going to be needed in the long, long term. Buy the dip.
Anyways, that whole flying the kite and lightning thing worked out – ya dig?
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