RenewableEnergyStocks.com, a leading investor news and research portal for the renewable energy sector within Investorideas.com, presents a sector close-up on renewable energy stocks and the recent trading activity pending the election. As the sector trades up, two experts comment on the future of renewable energy.
According to solar expert Peter Lynch, feature writer of the Renewable and Solar Energy Perspectives at Investorideas.com "Senator Obama truly understands that energy is the greatest problem that he will face as President. He realizes that the age of oil and fossil fuels are drawing to a necessary close. He also realizes that Global Warming is one of the greatest hazards of our time. Most thinking people realize this too, but to date, we have had no leadership capable of leading the world in a new direction. As President Obama can be this leader, he will be the catalyst for the dawn of the solar revolution.”
Dr. Robert Wilder, of the WilderHill Clean Energy Index comments, “Like a rubber band that's been stretched quite far, the fact the U.S. fell behind other nations in clean energy the past eight years now looks like it may snap back the other way. Combining a fresh new White House outlook that's positive on green jobs, with a Congress led by a pro-renewable outlook in the House and possibly even 60 vote majority in the Senate means new thinking becomes possible. Old dominance by fossil fuels may even wane: the many harms from coal and oil for instance might be treated for the first time as the problems they are. And better energy independence too could be taken seriously. Whether by cap and trade, or a carbon tax, those carbon laden fuels may even help generate the revenues for new U.S. clean energy, and green jobs here at home.”
Solar Stocks Sector Close-Up as of Trading November 3, 2008:
Full details on the InvestorIdeas.com website – please follow the links today's newswire release
Featured Showcase Solar Company XsunX: (OTCBB: XSNX) Based in Aliso Viejo, Calif., XsunX is developing amorphous silicon thin film photovoltaic (TFPV) solar cell manufacturing processes to produce TFPV solar modules. To deliver its products the Company has begun to build a multi- megawatt TFPV solar module production facility in the United States to meet the growing demand for solar cell products used in large scale commercial projects, utility power fields, and other on-grid applications. Employing a phased roll out of production capacity, it plans to grow manufacturing capacities to over 100 megawatts by 2010. More info on XsunX, Inc. can be found on our media profile or the company website.
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Source: RenewableEnergyStocks.com, XsunX, WilderHill Clean Energy Index