European Solar Market Keeps Rising
Pacific Crest
IN OUR OPINION, THE solar industry is poised for growth.
Project development and financing trends have likely bottomed. Following our trip to Munich in March, our expectations for an improving solar market were reaffirmed at the trade event Intersolar 2009. The harsh winter is no longer an excuse, and the industry is entering a seasonally strong period for solar installations. We believe the photovoltaic (PV) market in Europe is now improving, rather than deteriorating, and that investors should take notice of the reversing and/or improving trends in project finance and large-project development.
In our view, First Solar (FSLR), Continued
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