Clear Skies Solar, Inc.(fka CSKH)

[up-down]

.003(1) x .0031(3)

Its looking more and more like lights out. (the pps never lies)

Even BP can't make a buck on solar. Pretty soon they'll be giving it away I guess.

--------


BP Exiting Solar Power, Says Bloomberg

Tech Trader Daily
News, analysis, and actionable investing ideas.

December 21, 2011, 12:38 PM ET

By Tiernan Ray

Bloomberg’s Marc Roca and Ehren Goosens this morning wrote that oil giant BP PLC (BP) is looking to get out of solar energy technology after 40 years in the industry.

Roca and Goossens write the business has become unprofitable after a 48% plunge in solar panel prices this year, citing an internal BP memo.

BP’s head of its solar unit, Mike Petrucci is quoted as stating in the memo, “The continuing global economic challenges have significantly impacted the solar industry, making it difficult to sustain long-term returns for the company,”

However, analyst Paul Leming with Ticonderoga Securities is quoted as pointing out that other energy producers continue to take stakes in solar power, which is “a mega-trend,” he observes.

http://blogs.barrons.com/techtraderdaily/2011/12/21/bp-exiting-solar-power-says-bloomberg