EVSO: Solar Sector Leads Recovery
The solar energy sector posted gains in recent weeks as confidence begins to return to the market. Driven by expected increases in demand for solar energy supported by funding from the $800 billion U.S. stimulus bill and other government initiatives, solar has again gained strength in the alternative energy space.
Evolution Solar, as noted in recent weeks, is aiming to participate in government funded solar projects both through strategic relationships with other industry partners and through financing available under the stimulus bill.
“Evolution is evolving to meet the changing needs of the marketplace,” stated Robert Kaapke, CEO of Evolution Solar Corp. “Three months ago, there was no stimulus bill and markets were coasting downward. Now the landscape has changed as large amounts of investment are anticipated for the solar industry in the United States.”
Other industry leaders such as Sun Power (Nasdaq: SPWRA), First Solar (Nasdaq: FSLR), Trina Solar LTD (NYSE: TSL), and LDK Solar Co. LTD (NYSE: LDK) are also expected to benefit from these programs.