June 1-5: Dow Up 3%; NASDAQ, Solar Gain, Too

Market continues bullish

Last Friday ended the 13th week of the new bull market which began March 9 and virtually all indexes are still running strong. The Dow gained nearly 263 points, over 3% above last week's close. The NASDAQ was up 75 points, just over 4%. The 20 Solar Stock Index (20SSI) had mixed trading, gaining nearly five points or 1.01%. Still, average percentage rise for solar stocks was 5.13%.

First Solar (FSLR), an industry superstar the passed three years, dropped for a second straight week ending at 182.10. The thin-film PV manufacturer is rumored to have lost some of its project backlogs to standard silicon panels. Also, certain stock analysts believe First Solar is overvalued.

Renesola (SOL) shot up 46% this week to 6.21. Word's getting around about the silicon wafer maker getting into module manufacturing. After acquiring a small Chinese cell and panel maker, SOL targets 1GW capacity in three years selling at $1/watt or less. Right now, typical wholesale panel prices are $2.50-$3.10/watt.

Canadian Solar (CSIQ) stepped packed on 2.47 a share to 15.70, close 17% up for the week. In fact, besides Renesola and Canadian Solar, all other Chinese solar stocks were up: JA Solar (JASO), LDK Solar (LDK), Solarfun (SOLF), Suntech (STP), Trina Solar (TSL), and Yingli (YGE).

Modified Format: Composite index price of the 20SSI was added for the previous and current weeks. Also added were composite prices for the opening week of this index (1/05/09) and the concensus beginning of the current bull market starting week of 3/09/09. MarketBrowser, the free stock-watching software, is used to follow the stocks in this index. This wonderful tool is available at www.marketbrowser.com.

Week of June1-5, 2009

	Monday Open	Friday Close	Up/Down	% Change	Close 1/5/09*	Close 3/6/09**
Dow Jones DJIA	8500.33	8763.13	+262.80	+3.092	8952.89	6626.95
NASDAQ	1774.33	1849.42	+75.09	+4.232	1628.03	1293.85
Akeena Solar AKNS	1.20	1.24	+.04	+3.333	2.28	.61
Amtel Systems ASYS	4.55	5.07	+.52	+11.43	4.00	2.73
Applied Materials AMAT	11.26	10.98	-.28	-2.550	10.67	8.70
Canadian Solar CSIQ	13.23	15.70	+2.47	+18.67	7.00	3.0601
ECD (UniSolar) ENER	17.21	17.16	-.05	-.2913	29.33	17.45
Entech Solar ENSL.OB	.19	.19	NC	NC	.28	.23
Evergreen Solar ESLR	1.86	1.90	+..04	+2.150	3.60	1.03
First Solar FSLR	190.29	182.10	-8.19	-4.497	157.80	108.49
GT Solar Int. SOLR	6.42	6.30	-.12	-1.904	4.00	4.02
JA Solar JASO	4.23	5.13	+.90	+21.27	5.09	1.91
Kyocera KYO	78.53	76.89	-1.64	-2.132	71.87	54.21
LDK Solar LDK	9.12	9.31	+.19	+2.083	14.84	4.40
MEMC Elect. WFR	19.29	19.79	+.50	+2.592	15.76	13.68
Renesola SOL	4.24	6.21	+1.97	+46.46	5.15	2.1201
Satcon SATC	2.37	2.25	-.12	-5.333	1.60	1.23
SolarFun SOLF	7.48	8.14	+.66	+8.823	6.12	2.30
SunPower SPWRA	29.03	31.57	+2.54	+8.749	45.13	23.39
SunTech STP	16.34	17.11	+.77	+4.712	13.55	5.34
Trina Solar TSL	24.78	27.35	+2.57	+10.37	10.09	7.23
Yingli YGE	12.82	14.91	+2.09	+16.30	7.25	3.888
20SSI Weekly Cumulative:	Previous 454.44	Current 459.30	Change +4.86/+1.1%	Avg Stock +5.133%	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.