Solar Stock Update: Upbeat

17 out of 20 are up!

The first week of February was favorable to 17 of the 20 solar stocks in this index. A couple of reasons could account for this. Projects planned last year but were postponed until the federal solar tax credit was renewed are now completing contracts. Also, investors might be encouraged from what appears a strong possibility the economic stimulus now being finalized by the Senate includes a 30% cash grant option in lieu of the 30% solar tax credit now in effect. With fewer tax-equity investors (and business owners with lower tax liabilities due to a down economy) the cash grant could jump-start solar projects that otherwise would not make financial sense (see previous post below). We'll know for sure any time now.

Of course, these gains could disappear in a day next week but any good news is worth savoring this winter.

Week of: February 2-6, 2009

Symbol/Name Monday Friday +/- % Change

DJIA/Dow Jones 7936.75 8280.59 +343.84 +4.33%

NASDAQ 1494.43 1591.71 +97.28 +6.50%

Akeena Solar AKNS 1.92 1.79 -.13 -6.78%

Amtel Systems ASYS 4.07 4.22 +.15 +3.68

Applied Mat. AMAT 9.41 10.45 +1.04 +11.05%

Canadian Solar CSIQ 5.06 5.34 +.28 +5.53

ECD (UniSolar) ENER 23.96 25.73 +1.77 +7.38%

Entech (WW) ENSL.OB .365 .38 +.015 +4.10%

Evergreen Solr ESLR 2.07 1.91 -.16 +7.73%

First Solar FSLR 138.27 146.30 +8.03 +5.80%

GT Solar Int. SOLR 3.34 5.27 +1.93 +57.78%

JA Solar JASO 2.48 2.77 +.29 +11.69%

Kyocera KYO 64.92 69.08 +4.16 +6.40%

LDK Solar LDK 11.25 10.63 -.62 +5.52%

MEMC Elect. WFR 13.04 15.54 +2.50 +19.17%

Renesola SOL 3.52 3.83 +.31 +8.80%

Satcon SATC 1.35 1.32 -.03 -2.23%

SolarFun SOLF 4.64 4.86 +.22 +4.74%

SunPower SPWRA 31.88 35.64 +3.76 +11.79%

SunTech STP 8.96 9.90 +.94 +10.49%

Trina Solar TSL 7.74 7.74 0 0

Yingli YGE 4.99 5.79 +.80 +16.03

Average % change for all solar stocks this week: +9.09%

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.