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Solar panels

The tremendous turmoil in the 2010 stock market is affecting companies that make solar panels. The credit crunch has driven down shares of publicly held solar power companies as much as 30%. With the credit market frozen, companies that make solar panels will have a hard time getting contracts.

Signs of a scale back in the making of solar panels are already on display. BP Solar scaled back plans for a $97 million expansion of its Maryland site. An energy holding company in China has now declared that it has no further plans to boost its manufacturing plant once it reaches 600 megawatts.

The bad news for public companies that manufacture solar panels does not necessarily mean that production of solar products will stop. Private companies backed by venture capital have been more insulated from Wall Street's problems which are based more on fears and emotions than market fundamentals. Wall Street analysts predict that venture capital firms will continue to back startups that manufacture solar panels.

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