Solar stocks have been on fire over the past few weeks, but there are still reasons to be bullish long-term. China has announced that it will cut subsidies to solar companies and encourage mergers and acquisitions in the industry. 

Add to that the news this week that Berkshire Hathaway's energy subsidiary MidAmerican Energy would buy SunPower's 579 MW Antelope Valley projects and the bulls came out of hiding

These are two great signs for solar and I think it will bring about a great 2013


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The article 2 Reasons to Buy Solar Stocks Now originally appeared on Fool.com.

Fool contributor Travis Hoium manages an account that owns shares of SunPower and Berkshire Hathaway and personally owns shares of SunPower and has the following options: long JAN 2015 $7 calls on SunPower and long JAN 2015 $5 calls on SunPower. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw The Motley Fool owns shares of Berkshire Hathaway. Motley Fool newsletter services recommend Berkshire Hathaway and First Solar. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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Gumby

The economy need energy prices be kept down with solar energy. Without solar energy, oil prices will be more likely to go up and disrupt finances all over again like in 2008. We will probably realize that we blamed banks wrongly in 2008 since oil prices also hit $150 a barrel. Must we hike oil prices to get people back to solar energy? If so, we will end up running up debt ... Capitalism no longer works for oil supply and demand because we have to diversify our energy portfolio.. If you think solar energy is expensive, wait a few years later .. You will wish you had bought solar energy back then. It will be too late then. We will be in another bigger mess!

January 07 2013 at 4:08 PM Report abuse rate up rate down Reply