Reply to thread

Message

<blockquote data-quote="John Roberts" data-source="post: 38955" data-attributes="member: 126">Re: Bad day for US solar industryThe loan is not news, this was a showcase investment by the current administration to promote green jobs. There are currently investigations looking into circumstances surrounding the loans, so prudence suggests waiting for the rest of the story and not jumping to conclusions (about loan improprieties). Apparently the tax payers were subordinated to get paid after private investors, so we are not likely to see that money back, or have much claim in the bankruptcy proceedings.&nbsp; It has been rough sledding for solar companies for two reasons. #1 the Chinese have invested heavily into advanced technology dropping their costs, and #2 many governments who were heavily subsidizing solar power are tight on money so cut back on their subsidies. The confluence of these two events has dropped market prices a bunch, making less cost effective manufacturers, unprofitable. JR</blockquote>

[QUOTE="John Roberts, post: 38955, member: 126"] Re: Bad day for US solar industry The loan is not news, this was a showcase investment by the current administration to promote green jobs. There are currently investigations looking into circumstances surrounding the loans, so prudence suggests waiting for the rest of the story and not jumping to conclusions (about loan improprieties). Apparently the tax payers were subordinated to get paid after private investors, so we are not likely to see that money back, or have much claim in the bankruptcy proceedings. It has been rough sledding for solar companies for two reasons. #1 the Chinese have invested heavily into advanced technology dropping their costs, and #2 many governments who were heavily subsidizing solar power are tight on money so cut back on their subsidies. The confluence of these two events has dropped market prices a bunch, making less cost effective manufacturers, unprofitable. JR [/QUOTE]

Verification