Monday, September 21, 2009

Solar: Energy's New Growth Sector


The recession wasn't kind to alternative energy -- and none felt the pinch as much as the beleaguered solar power industry. The credit crunch really hit the industry hard, killing installation projects around the world and shrinking demand for solar panels. Solar companies watched their stock prices bottom out with the rest of the market -- only to keep on falling.

Just look at the recent performance of the S&P 500 vs. the two solar ETFs, the Claymore/MAC Global Solar Energy Index ETF (TAN) and the Market Vectors Solar ETF (KWT):

See full Article.