Tuesday, December 8, 2009
Mark Morelli, CEO of Energy Conversion Devices (NASDAQ: ENER), speaks about the importance of electricity via solar power at the Clean Energy Forum.
80% of US products are shipped to Europe. These countries have embraced incentive programs to spur growth of green industry. It's now beginning to happen in the United States.
First Solar (NASDAQ: FSLR) earnings in Q3 plummeted, but First Solar as a business is still viable, which is laudable since most firms have struggled to get solar out of the red without heavy subsidies. It has always been my opinion that solar energy should be subsidized because of the economic benefit that goes beyond profits, but it's always nice to see a company do well without subsidies. If we're going to make a big push for green energy, we'll be able to convince more people the more our efforts can create jobs...and (gasp) even profits.
OK, this is kind of an old video, but he does talk about solar subsidies, which are still a big issues for solar stocks, and solar energy period. Cramer had been on the First Solar (NASDAQ:FSLR) bandwagon for quite some time because of its profitable subsidy-free operations
Monday, December 7, 2009
Bottom line: Ethanol is a total waste, according to T.J. Rodgers. He's the Chairman of Sunpower Corporation (NASDAQ: SPWRA, SPWRB). Rodgers is a libertarian, conservative, and solar entrepreneur. He goes through an interesting explanation of why ethanol doesn't work and talks about some stride in biofuels that are worthwhile.