Solar just had another banner year in 2017.
As of late December, the U.S. solar industry was on track to install nearly 12 gigawatts (GW) of solar capacity. And during the first three quarters of 2017, 25% of all new electric-generating capacity brought online came from solar – second only behind natural gas.
Americans are clearly flocking to solar in spades, and other countries are starting to ramp up their renewables markets as well.
So, whether you like it or not, solar is here to stay.
But as I told my paid-up Energy Advantage subscribers in my full 2018 forecast, solar won't be the "silver bullet" that permanently "ends" the oil industry.
Instead, broader demand for all energy sources looks increasingly positive as we move further into 2018.
And crucially for us, the improvement in energy demand prospects is widening to include both traditional sources – such as oil – and renewable sources – such as solar.
That's why I'm predicting solar is about to have its biggest year yet. Investors who own the industry leader I'm recommending today – a stock that's already dealt out more than 64% in gains last year – are looking at a very profitable 12 months ahead…
Here's What's Driving Solar in 2018
Solar's attractiveness is catching on not just in the United States, but also in Europe, where solar demand is expected to grow by 35% as more countries eagerly work with companies to source clean energy.
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The gains for investors, however, should outpace even that impressive growth.
About the Author
Dr. Kent Moors is an internationally recognized expert in oil and natural gas policy, risk assessment, and emerging market economic development. He serves as an advisor to many U.S. governors and foreign governments. Kent details his latest global travels in his free Oil & Energy Investor e-letter. He makes specific investment recommendations in his newsletter, the Energy Advantage. For more active investors, he issues shorter-term trades in his Energy Inner Circle.