Flat Solar Demand In 2011: Hapoalim Securities

According to Benzinga, Hapoalim Securities sees flat worldwide demand for solar in 2011 ataround 15GW.  Due to changes to incentives they see significant drops in Germany and the Czech Republic, but some growth in Italy, US, Japan and China.  However, they don’t see growth in those countries offsettingthe declines in Germany and Czech. It’s been a rough couple weeks formost solar stocks and the declines continue today.  Taking a look at the Guggenheim Solar ETF (TAN), it remains in pull back mode and currentlytrades at 8.33.  I see it likely testing the 8 level where there issignificant support. 

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Hapoalim Securities Sees Flat Solar Demand In 2011

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