Tuesday, October 23, 2007

Lehman's solar stock picks

Much cheaper solar powered homes in 5 years?

Lehman Brothers' Vishal Shah believes that China is going to have a huge effect on solar power, especially the costs, which Vishal expects to drop by as much as 50% in the next five years as the market triples.

Shah told CNBC today the key is that China could mass produce solar cells at a much cheaper cost. That's good news for environmentalists and those interested in green investing.

Some of Shah's top solar picks included First Solar, Sun Power and JA Solar.

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