Usual late-summer vacations mean trading lull
Both the Dow Jones Industrial Average and the NASDAQ gained about .4% in light trading for the week. The 20SSI was down just 1.27 to finish at 384.62 a .33% decline from the previous week.
Economists are predicting 250,000 jobs lost in August, slightly up from July's 247,000. The Labor Department released its report late Friday which, along with data from payroll processor ADP, could strongly influence trading on Monday.
Eight of the 20 solar stocks in this index finished up: Entech, First Solar, Kyocera, LDK Solar, Renesola, Satcon, Suntech and Trina Solar. None of the gains exceeded 6%--a far cry from the boom period from March through June. Solar inventories are still climbing as the economy remains weak and, although credit is loosening, it's not loose enough to allow many planned projects to get underway. On the other hand, those with cash or financing in place, solar panels, inverters, trackers and racking have never been cheaper. For one who experiencing the shortage of both silicon cells and panels in 2004-05, it is truly amazing the deals that can be made on even better equipment today. Coming electricity rate hikes--steep and soon--could force the issue for power-needy consumers small and large.
20 Solar Stocks Index Week of August 24-28, 2009
|
Monday Open |
Friday Close |
Up/Down |
% Change |
Close 1/5/09* |
Close 3/6/09** |
| Dow Jones DJIA |
9505.96 |
9544.2 |
+38.24 |
+.4022% |
8952.89 |
6626.95 |
| NASDAQ |
2020.90 |
2028.77 |
+7.87 |
+.3894 |
1628.03 |
1293.85 |
|
|
|
|
|
|
| Akeena Solar AKNS |
1.17 |
1.09 |
-.08 |
-7.339 |
2.28 |
.61 |
| Amtel Systems ASYS |
5.05 |
5.03 |
-.02 |
-.3976 |
4.00 |
2.73 |
| Applied Materials AMAT |
13.74 |
13.27 |
-.47 |
-3.541 |
10.67 |
8.70 |
| Canadian Solar CSIQ |
15.98 |
15.19 |
-.79 |
-5.200 |
7.00 |
3.0601 |
| ECD (UniSolar) ENER |
12.36 |
11.92 |
-.44 |
-3.691 |
29.33 |
17.45 |
| Entech Solar ENSL.OB |
.1750 |
18.00 |
+.005 |
+2.857 |
.28 |
.23 |
| Evergreen Solar ESLR |
1.89 |
1.65 |
-.24 |
-14.54 |
3.60 |
1.03 |
| First Solar FSLR |
121.54 |
124.21 |
+2.67 |
+2.196 |
157.80 |
108.49 |
| GT Solar Int. SOLR |
5.38 |
5.27 |
-.11 |
-2.087 |
4.00 |
4.02 |
| JA Solar JASO |
3.79 |
3.62 |
-.17 |
-4.696 |
5.09 |
1.91 |
| Kyocera KYO |
79.85 |
81.44 |
+1.59 |
+1.991 |
71.87 |
54.21 |
| LDK Solar LDK |
8.94 |
9.24 |
+.30 |
+3.355 |
14.84 |
4.40 |
| MEMC Elect. WFR |
17.00 |
16.55 |
-.45 |
-2.719 |
15.76 |
13.68 |
| Renesola SOL |
5.53 |
5.73 |
+.20 |
+3.616 |
5.15 |
2.1201 |
| Satcon SATC |
1.96 |
2.07 |
+.11 |
+3.157 |
1.60 |
1.23 |
| SolarFun SOLF |
5.51 |
5.30 |
-.21 |
-3.962 |
6.12 |
2.30 |
| SunPower SPWRA |
26.25 |
26.14 |
-.11 |
-.4208 |
45.13 |
23.39 |
| SunTech STP |
15.30 |
18.00 |
-.25 |
+1.661 |
13.55 |
5.34 |
| Trina Solar TSL |
25.93 |
27.70 |
+1.77 |
+6.826 |
10.09 |
7.23 |
| Yingli YGE |
11.07 |
11.02 |
-.05 |
-.4537 |
7.25 |
3.888 |
| 20SSI Weekly Cumulative: |
Previous 385.89 |
Current 384.62 |
Change -1.27/-.33% |
Avg Stock -.6797% |
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.
