Many of you know im a heavy investor in alternative energy. Well last month before corrupt Lehman went bankrupt they where shorting the hell out of one of my stocks while at the same time downgrading it. (conflict of interest)? all i know is im glad i punched Dick Fuld when i saw him in the gym.
Today Goldman sacks downgraded the whole solar industry..
http://www.marketwatch.com/News/Story/Story.aspx?guid={9594EC7E-F71B-4917-A61C-DDE149F89386}&siteid=yhoof2
"LONDON (MarketWatch) -- Goldman Sachs took a "cautious" stance on solar, lowering First Solar to conviction sell from buy and SunPower to sell from buy. "The risk of oversupply in the solar market will soon become a reality as considerably less generous demand subsidies take hold just as a wave of supply and tight financing hit the market. We believe that liberal subsidies of the past in markets like Germany and Spain are unlikely to be replicated in the future given fears of their ultimate cost in a bad world economy," the brokerage said."
a little bit more analysis reviles that Goldman is heavily investing in land where solar will be installed:
http://money.cnn.com/2008/07/07/technology/woody_solar.fortune/index.htm#map
Now everyone that knows anything realizes they want shares cheap. I think the SEC should create a rule of conflict of interest with these analysts.
Today Goldman sacks downgraded the whole solar industry..
http://www.marketwatch.com/News/Story/Story.aspx?guid={9594EC7E-F71B-4917-A61C-DDE149F89386}&siteid=yhoof2
"LONDON (MarketWatch) -- Goldman Sachs took a "cautious" stance on solar, lowering First Solar to conviction sell from buy and SunPower to sell from buy. "The risk of oversupply in the solar market will soon become a reality as considerably less generous demand subsidies take hold just as a wave of supply and tight financing hit the market. We believe that liberal subsidies of the past in markets like Germany and Spain are unlikely to be replicated in the future given fears of their ultimate cost in a bad world economy," the brokerage said."
a little bit more analysis reviles that Goldman is heavily investing in land where solar will be installed:
http://money.cnn.com/2008/07/07/technology/woody_solar.fortune/index.htm#map
Now everyone that knows anything realizes they want shares cheap. I think the SEC should create a rule of conflict of interest with these analysts.
Last edited: