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Solar Rebound Beating Dot-Com Recovery as Demand Surges

Oct 31, 2013
Source: 
(Bloomberg)

Solar industry manufacturers are rebounding from a two-year slump faster than technology companies recovered from the dot-com bubble of the late 1990s.

The benchmark BI Global Large Solar Energy Index of 15 manufacturers, which slumped 87 percent from a February 2011 peak through November 2012, has regained 55 percent of its value in the past year. The technology-dominated Nasdaq Composite index reached its post-bubble low in October 2002 and regained 37 percent of its March 2000 peak value in the next year, according to data compiled by Bloomberg.