Stock Market Analysis: Solar Energy Could Be Next “Big Thing”
One of the more promising energy technologies emerging right now is solar energy technology. Even as Big Oil executives claim that drilling in protected areas would help our energy crisis, there are many advances being made in terms of increasing the efficiency of solar energy. Bloomberg reports that many companies are starting to invest in solar energy technology and other renewables in order to get a jump on things:
Costs for the technology will fall below coal as soon as 2020, the U.S. government estimates. JPMorgan Chase & Co. and Wells Fargo & Co. invested last year in the biggest solar plant built in a generation; Chevron and Google are funding research; and Goldman Sachs is seeking land to lease as demand out-paces wind turbines and geothermal.
As you can see, above, even Big Oil giant Chevron (CVX) is getting in on solar energy. This means that in order to take advantage of solar energy stocks, you needn’t necessarily invest in solar energy start-ups like First Solar (FSLR). Indeed, if you take a look at other companies, you may find that you can enjoy the solidity of investing in an established company while enjoying the growth that can come from new technologies. And you don’t have the same risk you would have in a small start-up.
Increasing oil prices will eventually force the government and others to look for alternatives to fossil fuels. This means that as innovation and technology advance, other options, like solar energy, will become more popular. If you have the risk tolerance for it, now may be a good time to invest in companies that are investing in solar energy technology.
Disclaimer: I am not an investment professional. Nothing in this piece or on this Web site should be construed as investment advice. Before making investment decisions, do your own research and/or consult with an investment professional. All investment comes with the risk of loss. You are responsible for your own investment decisions.
Tags: stock market, stock market analysis, investing blog, solar energy technology,
CVX, investments, FSLR
