Green Energy Stocks drop in 2008

In 2008, many green stocks are down 20-30 percent from their December peaks. This is due in large part to the credit crunch caused by the downturn in the mortgage market. This drop in green stocks is led by the solar panel manufacturers. But is this going to hold?

With the growing need for eneregy efficiency, there should be a growing demand for energy stocks well into this decade. There are a couple of notably great things about solar panels that you should now. First is that they will allow you to create energy for your house, or eventual electric car, just from the rays of the sun. The next great thing is that in many areas you can actually sell back your unused electricity to the power company and get a credit onto your bill each month. Solar should be around for many years to come, so why are they dropping so much?

The reason is that many investors are moving their money into more stable and larger blue chip stocks. Thus choosing to sell off smaller or growth stocks which may be putting downward pressures onto these company stocks. So what to do? I definitely don't know the answers, but I do know that most smart investors get into good stocks when prices drop.