In the nascent stage, an industry is trying to build an alternative product, establish itself, and define the ranges of the industry. The growth stage follows when everyone goes hog-wild building capacity and growing, but by the time an industry reaches maturity, a shakeout is already starting to begin. Weaker competitors fall off and a large number of competitors are often combined to form industry powerhouses. Eventually a mature industry declines, but we'll focus on the earlier stages in this article.
The solar industry is no doubt in the shakeout phase somewhere between growth, maturity, and in my opinion, another growth cycle. We've seen companies fail this year, and I think it's time for the industry to begin consolidating. Here are a few deals that make sense.