TEMPE, Ariz.--(BUSINESS WIRE)--Evolution Solar Corporation's (Pink Sheets:EVSO - News) CEO, Robert Kaapke made the following comments regarding Surge in Solar Stocks:
Recently we saw a sharp run up in solar stocks that can be attributed to several things. The Chinese government alerted all silicon, ingot, wafer, cell, and panel manufactures that it intends to announced a very aggressive Solar subsidy that is equivalent to $3 USD per installed watt, in cash, as an incentive to aid the Chinese population to install solar. Currently in China non UL, non CE, and non TUV panels can be purchased for under $2 per watt. Chinese solar companies in particular moved up sharply; Trina Solar (NYSE:TSL - News) and Yingli Green Energy (NYSE:YGE - News) were up over 40% on the news, China Sunergy (NASDAQ:CSUN - News) was up 30% and SunTech (NYSE:STP - News) moved up 44%.
According to our international sources, the Japanese may soon follow suit with an announcement of a substantial subsidy for solar installation which we could see in the next few weeks.
With the combination of lower panel prices, renewed Federal and State incentives, utility rebates, the finance freeze thawing out, and oil prices moving up, Solar is once again looking awfully attractive. When you take into consideration the increased value of your home upon a solar installation and the tremendous credits and rebates available, you can literally install solar for 20 cents on the dollar. We at Evolution Solar Corp. expect to see substantial gains from the recent international activities. Even the giant First Solar (NASDAQ:FSLR - News) saw its stock price move up dramatically on the news, while GE Solar (NYSE:GE - News) reduced staff to be more in line with its facility output.
Monday, March 30, 2009
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