Monday, October 10, 2011

Billions in Federal Aid for No Job Creation at First Solar and SunPower

SunPower (SPWRA-$8.45) and First Solar (FSLR-$59.78) boast that recently approved utility-scale projects will nourish growth of manufacturing jobs in the United States, especially in the southwest. Both solar panel manufacturers are recipients of billions in federal loan guarantees.

As for expected job creation – think again.

Read More at 24/7 Wall Street: Job Destruction at First Solar and SunPower

Editor David J Phillips does not hold a financial interest in any stocks mentioned in this article. The 10Q Detective has a Full Disclosure Policy.


Anonymous said...

There doesn't't appear to be any job creation in the oil industry neither, even though they too get subsidies.

Anonymous said...

Don't forget Tesla Motors: A $465 million loan for "up to" 1,500 jobs....