It\u2019s no secret that if you\u2019ve been watching the green tech industry and green tech stocks that there has been a bull market charging ahead since March 2009 when the Dow hit a low of in the 6,500\u2019s. And in this bull market, renewable energy companies across the board were going up in price.<\/p>\n
But, last week, the stock market decided that this \u201cirrational exuberance\u201d of green tech stocks needed a pullback. I watched my fantasy watch list of green tech stocks go from a health gain the week before to a healthy loss (thank goodness this wasn\u2019t real money I was playing with).<\/p>\n
My green tech watch list of stocks covers companies in solar, wind turbines, geothermal, alternative fuels and energy conservation. The stocks were pretty well down on all fronts. Forbes and a few other finance websites have reported a gloomy outlook for solar stocks, because of a glut of solar in the marketplace and a still shaky economy.<\/p>\n
One Chinese company Suntech Power gave its earnings report, which stated that profits fell 80-percent from the year before during the 2nd quarter. This week, the green tech market seems to be coming back a bit. With the Obama administration pumping money into the green tech industry expect it to still continue in an upward trend. But, also expect it to be a very bumpy ride.<\/p>\n","protected":false},"excerpt":{"rendered":"
It\u2019s no secret that if you\u2019ve been watching the green tech industry and green tech stocks that there has been a bull market charging ahead since March 2009 when the Dow hit a low of in the 6,500\u2019s. And in this bull market, renewable energy companies across the board were going up in price. But, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-287","post","type-post","status-publish","format-standard","hentry","category-news"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t