According to the managing executive officer of Kyocera, yes, indeed...the solar industry is in a bubble.
The solar power sector is in a bubble, and 80 percent of companies in the industry could fail when prices of solar panels fall below the cost of making them, the head of Kyocera's solar operations said on Monday.
Compared to rivals, the world's No.4 solar cell maker has been wary of expanding solar panel production, waiting for technology advances to lower the cost of converting solar power into electricity, managing executive officer Tatsumi Maeda said....
"This is a bubble," Maeda told Reuters in an interview, referring to the estimated 200 solar power firms now in the sector and their plans to ramp up capacity. (Read the whole thing at Reuters)
What do you guys think? Is there a solar bubble? Could it burst?