Here comes the sun, dee doo doo doo, here comes the sun, and I say, it’s alright… The Beatles were on to something some 50 years ago and the sun is making a terrific come back as a power potentially clean plentifully, renewable alternative energy source.
The gist when it come to abundant energy, the sun pretty much provides for everything. Being the central source of energy for everything organic, and yes that includes us, why not tap into its rays to reap the energetic benefits? Solar investments have gone up in the past and returns have already been re-invested. Get ready for another boom, according to Investment University, via Seeking Alpha.
The Research Pays Off. Solar power is becoming the fastest growing energy source on this planet and with a 48% annual growth for a few groups of solar companies, the market is expected to double over the next 5 years, and triple in just 7. With much research into solar panels these last decades, current ones have seen their costs drop to $1 to $2 per watt, and some companies have gone below. It’s not to hard to image reaching $0.50 per watt in a few years.
The Big Five Leaders. Few companies have consistently shown good results and smart management. The first one is by far, First Solar which has been a strong player in the thin-film solar panel market while being affordable. Another strong contender is Evergreen Solar and Canadian Solar. Two other companies to watch out for are Ascent Solar and Energy Conversion Devices, Inc..
All these companies have helped in one way or another bring down the price of solar energy while improving energy efficiency. With the global push for solar and global markets expanding, the next few years look very promising as long as we don’t fall prey to the obvious ups and downs any markets go through.