Solar energy is now surging, with stocks in China surging by more than 60% over the past year to close at $4.1 billion.
Solar Energy stocks are up by more like 30% since the beginning of the year.
So far this year, solar energy stocks have surged by about 60% as China has cracked down on corrupt practices.
Solar energy shares have risen more than 300% in the last decade.
But it could take a while for China to fully implement reforms and reduce corruption.
In the meantime, solar and other renewable energy stocks are surging, which is what I expect will happen with solar power.
In an industry that is already dominated by large energy companies, it’s nice to see solar stocks soaring.
Solar is the best place to be for an investment, says Kevin Mottram, an analyst at Bloomberg Intelligence.
“It’s a little bit of a bubble, but if you’re looking for a safe haven, you’re going to be more than happy to take the risk.
Solar, the energy source that is a little more of a hot potato, is not going to come out of the solar boom,” he says.
“Solar is not a very high risk thing.”
A lot of people have been investing in solar power companies and the stock market is still in the early stages, but I expect there to be a lot more volatility.
There will be volatility because China is trying to regulate and regulate and it could be a very short window for any kind of significant changes in China, he says, referring to the country’s massive energy infrastructure that is now under review.
“You’re going see more and more volatility, and we will see a lot of volatility in solar.”
In the U.S., solar stocks are now up by almost 40% over last year, thanks to solar power in the Southwest and elsewhere.
Solar power is also surging in China.
Solar was worth about $10.8 billion at the end of last year.
Solar Power is now worth $8.7 billion, and the S&P 500 solar index is up about 4% over that time, according to Bloomberg.
Solar has been growing at about 3.4% a year for the past six years.
Solar stock indexes have risen over 30% over those six years, but solar is still only a small part of the U,S.
economy, Mottrams says.
There are a lot fewer solar power plants than there were six years ago, but they are still operating at about 80% of capacity.
Mottamsons forecast for the next six years is for solar to be the next big energy sector for the U.,S.
He predicts that solar will account for 20% of gross domestic product by 2030, up from about 8% in 2030.
That’s a huge jump from what it was a decade ago.
“This is a lot bigger than any of us expected, and it’s going to take time for it to get back to its pre-crisis level,” he predicts.
“I think it’s a good time to invest in solar, especially if you live in the South, and I would bet against it.
But you can still get a good return.”
Mottamas forecasts for the future of solar energy are bullish.
“We expect the next 10 years to be very bullish on solar, and solar is the perfect thing to do if you are looking for investment, because you can do it for a very reasonable amount of money, Mampamsons says.
You could put it on your investment portfolio for the long haul, because it’s so cheap.”