An article on StockHouse.com states that Canadian Solar is "A
Counter-Play to the Price of Oil" and I think this statement is quiet
correct. ith crude prices soaring and pollution causing global
problems, people are trying to find a new, efficient solution. In the
past, solar was forced to take a back seat due to high costs and
inefficiency, however now (with corn prices squeezing ethanol
potential) solar may start coming into play. Solar was always too expensive and not efficient enough for today's standards, but with rising innovations and rising prices for alternatives (as well as rising externalities to our current methods i.e. pollution) solar may be a good solution in the near future. This is evident in Canadian Solar, whose share price "increased eightfold" this year thanks to the crude market as well as boosted earnings projections. I don't think they've topped off just yet and I think investors will be able to make some money on this company. I have listed the article here for your reference, and I would recommend checking it out if you want to learn more about Canadian Solar.
http://www.stockhouse.com/Columnists/2008/June/23/A-counter-play-to-the-price-of-oil