“The projects are profitable, at least to next year…but earnings in the out years are virtually unknown,” Jesse Pichel, an analyst at Jefferies Group Inc., said in the article.
“While we are encouraged by the company’s solid execution in 2Q:12, we remain cautious on the company’s ability to consistently generate outsized returns through opportunistic solar plant development displacing diesel generation and meeting renewables standards,” ThinkEquity’s Colin Rusch said in a Barron’s article. “We continue to believe competition for these types of projects remains fierce and we expect, given ongoing price pressure and increasing scale of the industry, that competition will only intensify.”
Guggenheim Solar ETF
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Max Chen contributed to this article.