Which Solar Companies Are Growing The Fastest

Sure the solar industry as a whole is on fire, but which companies in the solar industry are growing the fastest is the real question. Here is how most of the major publicly traded solar power companies revenues breakdown...

Evergreen Solar (ESLR)
2006 Revenues
103 Million

2007 Revenues
69.9 Million

Estimate 2008
118 Million

Estimate 2009
387 Million

Average Revenue Growth Rate
188%



SunPower Corporation (SPWR)
2006 Revenues
237 Million

2007 Revenues
775 Million

Estimate 2008
1.4 Billion

Estimate 2009
2.0 Billion

Average Revenue Growth Rate
217%



Suntech Power (STP)
2006 Revenues
599 Million

2007 Revenues
1.3 Billion

Estimate 2008
2.0 Billion

Estimate 2009
3.0 Billion

Average Revenue Growth Rate
174%



First Solar (FSLR)
2006 Revenues
135 Million

2007 Revenues
504 Million

Estimate 2008
1.0 Billion

Estimate 2009
1.9 Billion

Average Revenue Growth
254%



Canadian Solar Inc. (CSIQ)
2006 Revenues
68 Million

2007 Revenues
303 Million

Estimate 2008
733 Million

Estimate 2009
1.0 Billion

Average Revenue Growth Rate
275%

As you can tell these numbers are expecting spectacular growth, but some may think that these numbers are being way too conservative. After all, the new technologies such as string ribbon and thin film solar production are reducing the manufacturing cost dramatically. Not too mention, the price of oil has gone sky high, and this will only encourage governments around the world to help subsidize solar and other alternative energies if they expect to compete globally with the rest of the world. Climate change is also one of the most pressing issues that the world needs to deal with soon. If not we will pass a tipping point, and the damaging effects of abrupt weather changes will become irreversible.

What are your thoughts on these numbers and the future of solar power?