That Future Solar Investment Could be an Old Blue Chip Stock
By Brett Bumeter - 15.01.2008
Solar enthusiasts were not looking for diamond pendants for Christmas, they were looking for new cheaper technologies that could make solar energy a reality for themselves as well as for the rest of the country. The search for cheap and efficient solar energy has been a dream for many for decades and a reality for a few for only a few years.
Fortunately, the recent oil and energy crisis is triggering many very large companies such as General Electric to invest $6 billion dollars in research and development in alternative energy solutions which could include solar energy. The demand for alternative cheap energy, or cynically speaking, energy that is cheaper than three dollar a gallon gasoline and $100 a barrel oil has never been as high as it is right now. This is driving major corporations to put real money into their research and development projects, and this could trigger a new pipeline of solar energy development that could significantly accelerate the amount of progress has been made in this industry.
We could see as much advancement in the solar energy industry in the next three years as we have seen in the last 30 years if we look at the amount of money that has been invested now compared to the amount of money that has been invested over the last three decades. If you’re looking for a good investment in solar energy, you could continue looking at the widely known plays in this market as they will likely be gobbled up by large companies that have a long history in brokering energy in less alternative states. If you’re looking for a slightly more stable investment in solar energy, you might look no further than General Electric or British Petroleum.
