Axiom Capital Sees Potential Armageddon In Solar Due To Coming Supply Glut

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12:51:04 pm on November 17, 2010

I just posted about the Credit Suisse caution about increasing solar supply and softening demand for next year.  They aren’t the only ones sounding the caution alarm.  A couple days ago, Axiom Capital was quoted in Bloomberg as saying it could be an Armageddon situation in the solar space next year as capacity ramps up and demand softens.  Analyst Gordon Johnson potentially sees supply outstripping demand 3:1 which would send prices crashing (he predicts to possibly $1.10/watt from the current $1.80)

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Duh it has to crash the 1$ per watt barrier has been breached in order to be viable it needs to be 2$ per watt INSTALLED!!!

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