Poor economic data gets blame
The Dow Industrials slipped over 1.9% in May, the first monthly drop in six month. The Dow closed Tuesday a 12570, 241 points down from April. The NASDAQ fared only slightly better with a 1.35% drop to finish at 2835, a 38-point slide from last month. Eighteen in the 20 Solar Stocks Index (20SSI) were slammed in May with the index finishing at 393.55, a 47-point slip or nearly 12%.
Only 38,000 jobs were added last month when analysts projected 175,000. Also, the Institute for Supply Management reported growth in the U.S. manufacturing sector slowed to 53.5% in May from 60.4% in April, the largest one-month drop since 1984.
Supplies of solar panels are backing up, according to a source for this blog, and some major manufacturers appear to be dumping modules at unprecedented low pricing. It would appear a good time for consumers to add solar power to their homes. The question is how many are in a position to do so.
20 Solar Stocks Index as of 5/31/11
| Close 4/29/11 | Close 5/31/11 | Up/Down | % Change | Close 1/5/09* | Close 3/6/09** |
| Dow Jones DJIA | 12810.54 | 12570
| -240.54 | -1.913% | 8952.89 | 6626.95 |
| NASDAQ | 2873.54 | 2835.30
| -38.24 | -1.348 | 1628.03 | 1293.85 |
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| Amtech Systems ASYS | 22.68 | 21.88
| -.80 | -3.656
| 4.00 | 2.73 |
| Applied Materials AMAT | 15.69 | 13.78
| -1.91 | -13.86 | 10.67 | 8.70 |
| Canadian Solar CSIQ | 10.80 | 9.85
| -.95 | -9.644 | 7.00 | 3.0601 |
| ECD (UniSolar) ENER | 2.00 | 1.40
| -.60 | -42.86 | 29.33 | 17.45 |
| Entech Solar ENSL.OB | .0433 | .09
| +.0467 | +207.8 | .28 | .23 |
| Evergreen Solar ESLR | 1.35 | .70
| -.65 | -92.85 | 3.60 | 1.03 |
| First Solar FSLR | 139.57 | 124.25
| -15.32 | -12.24 | 157.80 | 108.49 |
| GT Solar Int. SOLR | 11.17 | 12.76
| +1.59 | +14.23 | 4.00 | 4.02 |
| Hanwha SolarOne HSOL f/k/a Solarfun | 6.83 | 6.73
| -.10 | -1.485 | 6.12 | 2.30 |
JA Solar JASO | 6.85 | 6.03
| -.82 | -13.59 | 5.09 | 1.91 |
| Kyocera KYO | 109.91 | 105.45
| -4.46 | -4.229 | 71.87 | 54.21 |
| LDK Solar LDK | 11.51 | 7.59
| -3.92
| -51.64 | 14.84 | 4.40 |
| MEMC Elect. WFR | 11.83 | 10.52
| -1.31 | -12.45 | 15.76 | 13.68 |
| Renesola SOL | 9.18 | 7.42
| -1.76 | -23.72 | 5.15 | 2.1201 |
| Satcon SATC | 3.21 | 2.66
| -.55 | -20.67 | 1.60 | 1.23 |
| SunPower SPWRA | 21.69 | 21.06
| -.63 | -2.991 | 45.13 | 23.39 |
| SunTech STP | 8.97 | 8.12
| -.85 | -10.46 | 13.55 | 5.34 |
| Trina Solar TSL | 28.47 | 22.95
| -5.52 | -24.05 | 10.09 | 7.23 |
| Westinghouse Solar (Akeena) WEST | .455 | 1.13
| +.675
| +48.35
| 2.28 | .61 |
| Yingli YGE | 12.53 | 9.18
| -3.35 | -36.49
| 7.25 | 3.888 |
| 20SSI Weekly Cumulative: | Previous 440.42 | Current 393.55
| Change -46.87/11.9% |
| 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 capitalization of $100M+ except Westinghouse Solar (formerly Akeena), Amtel Systems
and Entech Solar. This listing is strictly informational and implies neither endorsement or disapproval of any stock listed. Comments are always welcome.