Hapoalim Securities Sees Flat Solar Demand In 2011

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11:50:13 am on November 1, 2010

According to Benzinga, Hapoalim Securities sees flat worldwide demand for solar in 2011 at around 15GW.  Due to changes to incentives they see significant drops in Germany and the Czech Republic, but some growth in Italy, US, Japan and China.  However, they don’t see growth in those countries offsetting the declines in Germany and Czech. It’s been a rough couple weeks for most solar stocks and the declines continue today.  Taking a look at the Guggenheim Solar ETF (TAN), it remains in pull back mode and currently trades at 8.33.  I see it likely testing the 8 level where there is significant support. 

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