Alternative Energy – Industry Outlook
Zacks Market Commentaries (November 4th, 2009) Writes:
OUTLOOK
The Alternative Energy industry is going through a recovery after absorbing the global recession and the cascading fall in global crude oil prices. Earlier this year, quite a few alternative energy companies were in the trough. Though these companies have recovered from their lows, their valuations are still significantly lower than their 52-week highs.
The growth of alternative energy companies is closely tied to the fortunes of the economy. In its latest release, the Energy Information Administration (EIA) predicted that total U.S. electricity consumption will decline by 3.3% in 2009 before growing by 1.3% in 2010 as the improving economy coaxes a gradual recovery in electricity sales. In fiscal 2008, annual U.S. photovoltaic (PV) installed capacity grew by 63% year-over-year, bringing the cumulative installed capacity to 792MW.
According to the Solar Energy Industries Association (SEIA) -- the U.S. trade association representing close to 500 companies ...
Tags for this Post:
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affected alternative energy sales, China, Chinese Government, crude oil, Crude Oil Prices, Department of Energy, Electricity, electricity consumption, Electricity Sales, energy, energy information administration, energy losses;, European Photovoltaic Industry Association, Evergreen Solar Inc., First Solar Inc., Fortune Tied, Germany, high oil, Investing Lessons, JA Solar Holdings Co. Ltd., Japan, LDK Solar Company Ltd., renewable energy projects, Rentech Inc;, solar energy, Solar Energy Industries Association, solar energy industry, solar photovoltaic electricity market, Solarfun Power Holdings Co Ltd;, Spain, Stocks to Watch, SunPower Corporation, U.S. Treasury Department, United States, world industry association, Zacks Market Commentaries


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