The fluctuation of energy prices and constant changes in the policy of the government has caused companies that manufacture solar panels to experience many ups and downs. This is true at a time that although many citizens of America express the desire to preserve the environment, these same citizens have not always been willing to invest their money in renewable power.
Despite these facts that have caused many to shuffle away from investments in solar energy, esteemed financial expert Jeff Yastine is very confident that solar energy investments are a profitable endeavor for investors. Follow Jeff on Twitter.
History Of Sage Advice
A few months ago Jeff Yastine introduced his readership to exchange-traded fund that goes by the name of Guggenheim Solar. The value of the company promptly increased by 10%. Yastine also spoke highly of another company known as First Solar Inc., which also had a rapid rise after Yastine ’s backing. This time the increase in value was 40%. It is the belief of Mr. Yastine that stock values of solar companies will continue to increase in the foreseeable future.
Jeff Yastine has well-researched the industry and found that energy provided by solar power plants increased by 46% for the year 2017. Yastine makes the estimation that the sun was the source of about 2% of the power generated in America.
Cause Of The Surge
Jeff Yastine believes that there are multiple reasons for the uptake in the use of solar energy. One reason is that today manufacturers are the beneficiaries of far superior production technology than they had been in past times. This trend, in conjunction with the fact that the materials needed for the manufacturing of solar panels are being more quickly gathered, has resulted in a price drop for these panels by 40% in 2017.
Another factor in the rising use of solar power is the easing of government regulations that had in previous times worked to hamper the industry.
Jeff Yastine firmly believes that stocks for solar energy company are being traded for much less than for what they are currently worth. Yastine believes this is because investors on Wall Street have been intent on highlighting what they feel are the negative aspects of the industry have lowered the value of solar manufacturing companies by their unfair criticisms. Yastine goes on to explain that solar manufacturers both in America and China have yielded more than respectable returns despite being undervalued. This is what the investment expert explains to his readership has revealed the growth potential of stocks in the solar industry.