Greenberg: Quake to Spark Solar Hype?

Quick thought: In the wake of Japan’s nuclear meltdown, solar stocks are likely to heat up today.

Already, in overseas trading, such German companies as SolarWorld and Q-Cells have run up around 15 percent.

Much of that may be short-covering, as investors play the solar card following headlines about nuclear uncertainties.

But Gordon Johnson of Axiom Capital—currently a solar bear—warns that quake or no quake, the issue of government-funded solar subsidies remains unclear following cutbacks in Europe.

That’s reflected in the MAC Solar index, which in recent weeks has fallen nearly 20 percent—most recently after solar-subsidy cuts in Italy and France.

Still, with solar, perception tends to be reality. And the perception, today at least, is that solar will be the salvation.

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