As oil prices continue to climb through the roof and clean nuclear energy becomes a worrisome hazard to human health, investors are beginning to give solar more credit. This form of energy is the cleanest and one of the safest renewable sources that exists. Solar wafers are expensive however, although installations costs are coming down. First Solar (NASDAQ: FSLR) is a manufacturer of solar wafers, as is MEMC Electronic Materials (NYSE: WFR).
WFR's business model is slightly different than First Solar's. WFR produces the solar panels but it also has a subsidiary, Sun Edison which is a small portion of WFR's business, that installs solar panels and charges customers for the electricity that they generate. The subsidiary is able to build large scale solar grids, and maintains and sells them to other firms to earn revenue.
While the solar stocks have been downbeat, they are inching higher today. FSLR is up over 2% while WFR is up over 1%.
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