The end of 2008 and beginning of 2009 were rocky for solar shares, as for so many aspects of the stock market. With strong federal support for solar power, though, and the cost of technology dropping, the solar industry may be finding firm footing once again. Forbes reported yesterday that solar shares were rising early this week as the market strengthened; on Tuesday, shares for solar manufacturers made sturdy progress, with SunPower (SPWR) going up 3 percent and shares for Trina Solar Ltd. (TSL) rising 7.4 percent.
This news coincides with a new report from Greentech Media Research that says venture capitalist funding in the clean energy sector is recovering in fine style. Partly this is due to the funds being driven into solar and other renewable energies by federal ARRA funds: 2009 is already the second-largest year for VC funding in the sector, right behind 2008. And we’ve still got months to go.
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