Three stocks up over 70%
If the key 20 Solar Stocks Index (20SSI) were a Broadway show premiering March 9, the reviews would be boffo. The last minute surge on the date marks the beginning of a young bull market that's seen the Dow up 5.53% and the NASDAQ up 6.15%. Not to be outdone is the 20SSI rising a stupendous 54.25% from the opening bell March 9 through end of trading today.
This week was the biggie with DJIA up 6.83%; NASDAQ +6.03% and this index rocketing 41.54%. Three gainers were up 70% or more: Entech Solar, Evergreen Solar and JA Solar with four more in the 60-70% range. As mentioned in yesterday's post the reasons range from guaranteed loans for solar manufacturers; fat contracts for utility-scale projects getting underway; and the SEIA's report that 2008 was the third straight record-breaking year for growth in the PV industry.
There's another reason, too, that should not be overlooked. Despite the weather in parts of the country, it is springtime, a time when people get serious about installing solar to ease their power bills this summer thanks to that modern-day wonder called air conditioning. A good 40% of a typical summer electricity bill--commercial or residential--is just for keeping cool. For those smart--and lucky--enough, that abundance of summertime sun can be converted to the coolness of an oasis with solar technology. Better yet for our country it creates badly needed jobs while it reduces emissions. Bearing those factors in mind, solar stocks seem a pretty safe bet.
Week of March 23-27, 2009
| Monday Open | Friday Close | Up/Down | % Change | Close 1/5/09 | |
| Dow Jones DJIA | 7278.38 | 7776.18 | +497.80 | +6.830% | 8952.89 |
| NASDAQ | 1457.27 | 1545.20 | +87.93 | +6.030 | 1628.03 |
| Akeena Solar AKNS | .75 | 1.11 | +.36 | +48.00 | 2.28 |
| Amtel Systems ASYS | 3.06 | 3.46 | +.40 | +48.00 | 4.00 |
| Applied Materials AMAT | 10.21 | 11.23 | +1.02 | +9.990 | 10.67 |
| Canadian Solar CSIQ | 4.50 | 5.76 | +1.26 | +28.00 | 7.00 |
| ECD (UniSolar) ENER | 13.23 | 15.77 | +2.54 | +19.191 | 29.33 |
| Entech Solar ENSL.OB | .1851 | +.32 | +.1349 | +72.87 | .28 |
| Evergreen Solar ESLR | 1.37 | 2.33 | +.96 | +70.00 | 3.60 |
| First Solar FSLR | 120.37 | 147.36 | +27.99 | +22.42 | 157.80 |
| GT Solar Int. SOLR | 3.89 | 4.22 | +.33 | +15.17 | 4.00 |
| JA Solar JASO | 2.31 | 3.93 | +1.62 | +70.12 | 5.09 |
| Kyocera KYO | 67.49 | 68.07 | +.58 | +.0085 | 71.87 |
| LDK Solar LDK | 4.27 | 7.19 | +2.92 | +68.38 | 14.84 |
| MEMC Elect. WFR | 14.88 | 18.38 | +3.50 | +23.52 | 15.76 |
| Renesola SOL | 2.35 | 3.70 | +1.35 | +57.84 | 5.15 |
| Satcon SATC | 1.25 | 1.63 | +.37 | +30.04 | 1.60 |
| SolarFun SOLF | 3.55 | 4.67 | +1.12 | +31.55 | 6.12 |
| SunPower SPWRA | 22.42 | 25.30 | +2.83 | +12.59 | 45.13 |
| SunTech STP | 6.91 | 11.65 | +4.74 | +68.59 | 13.55 |
| Trina Solar TSL | 7.49 | 12.33 | +4.84 | +64.62 | 10.09 |
| Yingli YGE | 3.77 | 6.15 | +2.38 | +63.12 | 7.25 |
| Percent change all 20 stocks this week: | +41.54% |
Posts
No comments:
Post a Comment