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Stock Market Live May 5, 2026: S&P 500 (SPY) Bounces on Pullback in Oil

Energy

Cheap solar power poised to undercut oil and gas by half

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By Douglas A. McIntyre Published
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From The Stock Masters

Great article about how solar power will be cheap enough to compete with carbon-generated electricity, even in Britain, Scandinavia or upper Siberia within 5 years. In a decade, the cost may have fallen so dramatically that solar cells could undercut oil, gas, coal and nuclear power by up to half. Yes sir, soon Matrixenough solar power will power all the machines and then, the machines will run the earth and destroy mankind. We made that ridiculous claim when we spotlighted Evergreen Solar (ESLR) back in October. ESLR is up 5% today but the share price has fallen almost 40% since February 2006. It’s been a difficult ride for ESLR and last week Evergreen disappointed Wall Street by reporting a wider Q4 loss and forecast another loss in Q1 06. This month Evergreen got a new CFO, Michael El-Hillow and they are presenting at the Alternative Energy Symposium today in New York along with some other major players. Still, the solar debate continues and this a article has some great points. Article at Telegraph.co.uk…

http://www.thestockmasters.com/

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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