The solar panel industry is performing worse than coal stocks so far in 2016, despite benefiting from billions of dollars in government subsidies, DailyCaller.com reported yesterday. Stocks in SolarCity Corp., the largest rooftop installer in the U.S. and the brainchild of Elon Musk, tumbled by as much as 27 percent Tuesday — this, after the government subsidized company scaled back its installation projections several times since the beginning of the year. One of SolarCity’s primary competitors, and once considered the fastest-growing renewable energy company, SunEdison Inc., filed chapter 11 bankruptcy in April. Meanwhile, coal prices are evening out after several years of pro-longed price tumbles. In fact, according to the U.S. Energy Information Administration, the spot price for Central Appalachian Coal, as well as other coal regions, is keeping the line at $40.50.
