• 3 minutes Nucelar Deal Is Dead? Iran Distances Itself Further From ND, Alarming Russia And France
  • 5 minutes Don Jr. Tweets name Ukraine Whistleblower, Eric Ciaramella. Worked for CIA during Obama Administration, Hold over to Trump National Security Counsel under Gen McCallister, more . . . .
  • 9 minutes Shale pioneer Chesepeak will file bankruptcy soon. FINALLY ! The consolidation begins
  • 12 minutes China's Blueprint For Global Power
  • 3 hours Science: Only correct if it fits the popular narrative
  • 3 hours Crazy Stories From Round The World
  • 11 hours What are the odds of 4 U.S. politicians all having children working for Ukraine Gas Companies?
  • 16 hours EU has already lost the Trump vs. EU Trade War
  • 9 hours China's Renewables Boom Hits the Wall
  • 1 day ''Err ... but Trump ...?'' *sniff
  • 40 mins Do The World's Energy Policies Make Sense?
  • 10 hours Forget out-of-date 'dirty oil' smear, Alberta moving to be world's cleanest oil industry
  • 1 day Pioneer's Sheffield in Doghouse. Oil upset his bragging about Shale hurt prices. Now on campaign to lower expectations, prop up price.
  • 3 hours Impeachment Nonsense
  • 1 day Tesla Launches Faster Third Generation Supercharger
  • 15 hours Water, Trump, and Israel’s National Security
  • 2 days Passerby doused with flammable liquid and set on fire by peaceful protesters

Breaking News:

Russia Plans To Boost Crude Oil Exports

The Age of Solar has Arrived

Solar companies reported their first quarter earnings this past week and their stocks took a hammering. As the market closed on May 7, First Solar (NYSE: FSLR) saw its share price down 5.75%; SolarCity (NYSE: SCTY) was off by 9%; and SunPower Corp. (NYSE: SPWR) was down nearly 3%.

But the sell-off was short-lived. First Solar’s quarterly revenue of $950 million beat analysts’ estimates of $800-$900 million. That translated into an earnings per share of $1.10, far above the $0.50-$0.60 that Wall Street expected. The company offered a very upbeat analysis for the rest of the year.

And that reflects the trajectory for the industry as a whole – the future is very bright. To be sure, solar still makes up a small share of the electric power industry, accounting for less than 1% of generation last year. But, investing is about growth, and in the energy sector nothing is growing like solar.

Costs Go Down, Growth Goes Up

After years of stratospheric hype and little to show for it, solar is finally poised for a takeoff. The U.S. installed 4,751 megawatts in 2013, a 41% jump from the year before. The Solar Energy Industries Association predicts that the sector will expand by another 26% this year as well, adding another 6,000 megawatts of capacity. Put another way, solar grew 418% between 2010 and 2014. Try finding a growth rate like that elsewhere.

Much of it has to do with the dramatic fall in the cost of a photovoltaic module. The…




Oilprice - The No. 1 Source for Oil & Energy News