Re:Solar and wind are coming. And the power sector isn’t ready
by perl4ever on Sunday July 22, 2018 @11:36PM
(#17590412)
"So why the the lack of interest from "high growth" HN crowd?"
I can't speak for the "crowd", but personally I've lost more money in solar stocks than any other sector I can think of. And I didn't even get burned by gambling on specific stocks like SunEdison, just by a broad solar ETF.
Just because something is the wave of the future doesn't mean it's a good investment. If you invested in the solar ETF called TAN[1] back when it came out ten years ago, it's down over 90%. It just keeps shrinking and shrinking, although it has bounced around a little.
Why should producing a commodity efficiently be lucrative from a profitability standpoint? Competitive markets should reduce the profit of a safe activity anyone can do to almost zero. And investors who are willing to invest without regard to profits should reduce investment returns to zero or below.
I can't speak for the "crowd", but personally I've lost more money in solar stocks than any other sector I can think of. And I didn't even get burned by gambling on specific stocks like SunEdison, just by a broad solar ETF.
Just because something is the wave of the future doesn't mean it's a good investment. If you invested in the solar ETF called TAN[1] back when it came out ten years ago, it's down over 90%. It just keeps shrinking and shrinking, although it has bounced around a little.
Why should producing a commodity efficiently be lucrative from a profitability standpoint? Competitive markets should reduce the profit of a safe activity anyone can do to almost zero. And investors who are willing to invest without regard to profits should reduce investment returns to zero or below.
[1]https://www.nyse.com/quote/ARCX:TAN