One of the reasons for these pieces was the tiny market caps of the main players. Even penny stock GCL Poly which dominates a core segment in this industry has a value of USD 3.3 bn. Compare this with the current scale of the Solar Industry and its future potential. Then compare that USD 3.3bn with the USD 7.8bn which the company has in Fixed Assets: Serial Value Destruction at work yet again. So yes this has been a frustrating exercise - the companies are mostly ***p is the real problem. But as one of my lovely big sisters said to me recently “You have to kiss a lot of toads before you find your prince”: frustration is a big part of the investment job isn’t it?