We told you earlier how many are losing faith in the promise of solar power.
This chart, from AllianceBernstein’s Catherine Wood, illustrates one of the reasons:
It’s a breakdown of various firms’ estimates — and the date the forecast was published — for when photovoltaic electricity generation will reach “grid parity” or become cost competitive with other power sources.
If I were a cynic, I would suspect that company executives were trying to encourage analysts to include a growth spurt in the more distant years of their earnings models. But even a massive growth spurt would not make the economics of solar work, in our analysis.