Overall market sees second straight great week
The 20 Solar Stocks Index (20SSI) gained 65.5 point to finish at 458 points this week, a 16.69% increase from last week. The solar index outperformed both the Dow Jones Industrial Average and NASDAQ which finished with considerable gains of their own.
The Dow finished above 9000 points for the first time since January 2 with a rise of nearly 350 points. Added to last week, the DJIA has rocketed 947 points since July 3. The Dow has gained nine of the last ten trading days. Percentage-wise the Dow and NASDAQ have run neck-and neck in the past two weeks. Good quarterly earnings reports from many public companies has added more summer sunshine on Wall Street.
Solar stocks were lead this week by SunPower surging a gawdy 8.75 points to finish today at 32.04 a share, nearly a 38-point rise. LDK Solar, Solarfun, SunTech, Trina Solar and Yingli all rose in the 20-30 percent range. Only MEMC Electrical failed to gain for the week albeit down a measily 2 cents per share.
Reuters reported today that SunPower just announced better-than-expected earnings while China's LDK Solar raised its sales forecast. The other large gainers, said Reuters, likely came on the coattails of the SunPower and LDK surges.
Week of July 20-24, 2009
|
Monday Open |
Friday Close |
Up/Down |
% Change |
Close 1/5/09* |
Close 3/6/09** |
| Dow Jones DJIA |
8743.94 |
9093.24 |
+349.30 |
+3.994% |
8952.89 |
6626.95 |
| NASDAQ |
1886.61 |
1965.96 |
+79.35 |
+4.205 |
1628.03 |
1293.85 |
|
|
|
|
|
|
| Akeena Solar AKNS |
1.11 |
1.41 |
+.30 |
+27.03 |
2.28 |
.61 |
| Amtel Systems ASYS |
4.94 |
5.56 |
+.62 |
+12.55 |
4.00 |
2.73 |
| Applied Materials AMAT |
12.67 |
13.19 |
+.52 |
+4.104 |
10.67 |
8.70 |
| Canadian Solar CSIQ |
13.90 |
15.57 |
+1.67 |
+12.01 |
7.00 |
3.0601 |
| ECD (UniSolar) ENER |
12.98 |
15.22 |
+2.44 |
+17.25 |
29.33 |
17.45 |
| Entech Solar ENSL.OB |
.1700 |
.1900 |
+.0200 |
+11.760 |
.28 |
.23 |
| Evergreen Solar ESLR |
2.06 |
2.34 |
+.28 |
+13.59 |
3.60 |
1.03 |
| First Solar FSLR |
144.55 |
169.43 |
+24.88 |
+17.21 |
157.80 |
108.49 |
| GT Solar Int. SOLR |
5.44 |
6.16 |
+.72 |
+13.23 |
4.00 |
4.02 |
| JA Solar JASO |
4.48 |
5.32 |
+.84 |
+18.75 |
5.09 |
1.91 |
| Kyocera KYO |
72.96 |
78.83 |
+5.87 |
+8.045 |
71.87 |
54.21 |
| LDK Solar LDK |
9.22 |
11.81 |
+2.59 |
+28.09 |
14.84 |
4.40 |
| MEMC Elect. WFR |
18.76 |
18.74 |
-.02 |
-.0011 |
15.76 |
13.68 |
| Renesola SOL |
5.27 |
6.20 |
+.93 |
+17.64 |
5.15 |
2.1201 |
| Satcon SATC |
1.79 |
1.80 |
+.01 |
+.5586 |
1.60 |
1.23 |
| SolarFun SOLF |
6.25 |
7.50 |
+1.25 |
+20.00 |
6.12 |
2.30 |
| SunPower SPWRA |
23.29 |
32.04 |
+8.75 |
+37.57 |
45.13 |
23.39 |
| SunTech STP |
15.95 |
20.49 |
+4.54 |
+28.46 |
13.55 |
5.34 |
| Trina Solar TSL |
25.00 |
31.10 |
+6.10 |
+24.40 |
10.09 |
7.23 |
| Yingli YGE |
11.73 |
15.10 |
+3.37 |
+28.73 |
7.25 |
3.888 |
| 20SSI Weekly Cumulative: |
Previous 392.5 |
Current 458.0 |
Change +65.5/+16.69% |
Avg Stock +17.05% |
1/05/09* 415.41 |
3/06/09** 266.01 |
* The starting date of the 20 Solar Stock Index (20SSI).
** NOTE: Concensus "new" bull market began on Monday, March 9, 2009.
