Shares of several solar power companies mostly rose with the broader market Thursday as a Cowen & Co. analyst set an "Outperform" rating for some companies in the sector and said worries about declining module average selling prices have been overstated.
The future of this renewable energy source is bright, especially since it's expected to be cost-competitive within five years. And the US is well-positioned to benefit.
Apple is considering harnessing the sun to power its iPod music players. California's Ironwood prison is installing more than 6,000 solar panels, and Boston's Fenway Park is tapping solar power for Red Sox baseball games.