All-around good week for stocks
Since last Friday, the Dow Jones Industrial Average gained over 377 point to finish at 9864.94, the year's highest. The NASDAQ rose 91 points to end today at 2139.28. Percentage gains for both were nearly 4% and 4.5% respectively. The 20 Solar Stocks Index (20SSI) gained nearly 25 points, a 6% rise for the week.
MarketWatch reported IBM rallied the technology sector which Alcoa and others fed rising optimism about third-quarter earnings reports. IBM was up 3.64 or 3% to 125.93 likely related to Barclay's going bullish on the tech giant. Both Intel and AMD went up, as well.
Eighteen in the 20SSI rose with Trina, SunPower, SunTech and Yingli leading the others. The average stock in the index rose 5.6% easily outpacing the Dow and NASDAQ. After two dismal weeks solar makes the welcome rebound based on several likely reasons. Cost of panels remain down while the cost of electricity here in California continues to rise rapidly. There were 200 applications received by the CA Center for Sustainable Energy (which administers the CA rebate for SDG&E customers) during September. That figure coupled with the 350 applications in July means the rebate currently at $1.55 per installed AC watt will trigger down to $1.10 much sooner than thought. The California Solar Initiative is a good model for other states in that it stimulates solar PV sales in a severely depressed economy.
20 Solar Stocks Index Week of Oct 5-9, 2009
|
Monday Open |
Friday Close |
Up/Down |
% Change |
Close 1/5/09* |
Close 3/6/09** |
| Dow Jones DJIA |
9487.67 |
9864.94 |
+377.27 |
+3.976% |
8952.89 |
6626.95 |
| NASDAQ |
2048.11 |
2139.28 |
+91.17 |
+4.451 |
1628.03 |
1293.85 |
|
|
|
|
|
|
| Akeena Solar AKNS |
1.07 |
1.16 |
_.09 |
+8.411 |
2.28 |
.61 |
| Amtel Systems ASYS |
5.10 |
5.28 |
+.18 |
+3.529 |
4.00 |
2.73 |
| Applied Materials AMAT |
12.68 |
13.22 |
+.54 |
+4.258 |
10.67 |
8.70 |
| Canadian Solar CSIQ |
15.99 |
17.76 |
+1.77 |
+11.07 |
7.00 |
3.0601 |
| ECD (UniSolar) ENER |
10.79 |
10.89 |
+.10 |
+.9267 |
29.33 |
17.45 |
| Entech Solar ENSL.OB |
.1799 |
.1740 |
-.0059 |
-3.390 |
.28 |
.23 |
| Evergreen Solar ESLR |
1.77 |
1.81 |
+.04 |
+2.259 |
3.60 |
1.03 |
| First Solar FSLR |
150.00 |
156.69 |
+6.69 |
+4.450 |
157.80 |
108.49 |
| GT Solar Int. SOLR |
5.28 |
5.71 |
+.43 |
-7.765 |
4.00 |
4.02 |
| JA Solar JASO |
3.88 |
4.01 |
+.13 |
+3.350 |
5.09 |
1.91 |
| Kyocera KYO |
86.70 |
89.25 |
+1.55 |
+2.941 |
71.87 |
54.21 |
| LDK Solar LDK |
7.93 |
8.28 |
+.35 |
+4.413 |
14.84 |
4.40 |
| MEMC Elect. WFR |
15.38 |
16.30 |
+.92 |
+5.981 |
15.76 |
13.68 |
| Renesola SOL |
4.51 |
4.77 |
+.26 |
+5.764 |
5.15 |
2.1201 |
| Satcon SATC |
2.01 |
1.96 |
-.05 |
-2.551 |
1.60 |
1.23 |
| SolarFun SOLF |
5.24 |
5.60 |
+.36 |
+6.870 |
6.12 |
2.30 |
| SunPower SPWRA |
27.53 |
31.49 |
+3.96 |
+14.38 |
45.13 |
23.39 |
| SunTech STP |
13.98 |
15.55 |
+1.57 |
+11.23 |
13.55 |
5.34 |
| Trina Solar TSL |
29.82 |
34.45 |
+4.63 |
+15.52 |
10.09 |
7.23 |
| Yingli YGE |
11.69 |
13.15 |
+1.46 |
+12.48 |
7.25 |
3.888 |
| 20SSI Weekly Cumulative: |
Previous 411.53 |
Current 436.34 |
Change +24.81/+6.02% |
Avg Stock +5.581% |
1/05/09* 415.41 |
3/06/09** 266.01 |
* The starting date of the 20 Solar Stock Index (20SSI).
** The Concensus "new" bull market began on Monday, March 9, 2009.
NOTE: All above stocks have market capitization of $100M+ except Akeena Solar, Amtel Systems
and Entech Solar. This listing is strictly informational and implies neither endorsement or disapproval
of any stock listed. Comments and suggestions are always welcome.
