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March 8th, 2007

A Budding Solar Star?

Abstract:
This afternoon, U.S. Secretary of Energy Samuel Bodman is expected to formally announce the Bush Administration's Solar America Initiative -- a $148 million program designed to accelerate advanced solar electric technologies. He will do so from the headquarters of a small nanotechnology start-up company called Konarka.

At the present time, there is no way to invest in Konarka, although it has received substantial venture capital funding from both Chevron-Texaco (NYSE: CVX) and Eastman Chemical (NYSE: EMN). Still, investors interested in solar cell technology will want to put the company on their radar screens, because it's creating a potentially disruptive technology.

Source:
fool.com

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