Tough Times for Solar Industry To Continue in '09

Instability in the solar market will continue throughout the next year, according to analysts interviewed by Reuters.

"We need to see some folks go bankrupt," said Wedbush Morgan analyst Al Kaschalk. "There is too much in the marketplace, and too much noise. I wouldn’t be surprised to see folks as they come out of Q4 looking a little less stable."

Kaschalk added that big U.S. players like Energy Conversion Devices Inc, SunPower and First Solar will weather the economic storm.

The possible bright spot on the horizon is if the new presidential administration acts quickly to spur demand in the solar industry, which has dropped off due to several reason.

Read the full report at the link below.